There are newer employer reviews for Fidelity Investments

 

Great People; Too Much Work

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Senior Project Manager in Smithfield, RI
Current Employee - Senior Project Manager in Smithfield, RI

I have been working at Fidelity Investments full-time (more than 10 years)

Pros

The people are great and the company is willing to spend the money to make things happen.

Cons

The work load is very heavy, and between off-shoring and splitting teams between Boston, Rhode Island, Raleigh, Merrimack, NH, and Dallas, it is harder to get things done than it used to be.

Advice to ManagementAdvice

Bring home the off-shore work.

Recommends
Positive Outlook
Approves of CEO

1861 Other Employee Reviews for Fidelity Investments (View Most Recent)

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  1. 2 people found this helpful  

    Great place to start a career in finance, SLC is not a great place long-term for high level talent

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Services Representative in Salt Lake City, UT
    Current Employee - Financial Services Representative in Salt Lake City, UT

    I have been working at Fidelity Investments full-time (more than an year)

    Pros

    - Excellent training program to obtain knowledge of the industry and financial licenses
    - Good company culture with mid-level management that cares about your work/life balance
    - Industry leading benefits package (health, dental, 401k with 7% match and 10% profit sharing bonus - essentially a 17% match if you contribute 7% to your 401k, tuition reimbursement is $10,000, Company covers most or all of the cost of mass transit passes, etc.)

    Cons

    - Benefit package is great at the cost of low base pay compared to industry competitors.
    - If you get an MBA or advanced degree, there are virtually no opportunities in SLC to take advantage of that. The only high paying career opportunities are in phone sales and management. However management has virtually no turnover which is because of the great situation they have (Many have +10 year tenure), but this is bad if you want to try to get into management - be prepared to wait years for that opportunity or be forced to find an opportunity somewhere else.
    - For those in SLC who want to move elsewhere in the country most of the opportunities are only for representatives who want to go to branches, if you want to go to a higher value added position in Boston or any other location good luck if you don't have connections or years of experience. Getting an advanced degree while working means nothing if you are trying to get in the door outside of their conventional channel of campus recruiting at mostly Ivy league or east coast universities.

    Advice to ManagementAdvice

    - If putting thousands into reimbursing the cost of tuition for those employees getting advanced degrees, work with them to identify a career path and opportunities to actually make use of it, otherwise you will continue to lose them to competitors who do offer such opportunities.

    Recommends
    Positive Outlook
    Approves of CEO
  2. 1 person found this helpful  

    It's not quite the Borg, but it is an intense place to work. Not for the squeamish.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Director, Operations in Marlborough, MA
    Former Employee - Director, Operations in Marlborough, MA

    I worked at Fidelity Investments full-time (more than 8 years)

    Pros

    Diverse business lines present opportunities for internal movement
    Many smart, customer-focused, collaborative professionals
    Compensation including bonuses is lucrative, depending on job role
    Many opportunities for internal training, especially for managers
    Very structured, hierarchical environment which some people like

    Cons

    Extremely siloed, due to the diverse business lines and operational complexity
    Constant, relentless organizational changes at all levels, with entire groups being relocated, realigned or disbanded without sufficient explanation
    Communication from executive and senior management was lacking and/or confusing
    Middle managers were under intense pressure to produce results but often not given the needed resources
    Depending on group, morale was often a problem due to offshoring concerns

    Advice to ManagementAdvice

    Strive harder for transparency. When strategic direction is changing, remember that Fidelity is an ocean liner, not a rowboat. If you want your best people to stay engaged and help move the business forward, equip them with more information to combat the rumor mill, which can be devastating to morale.

    Recommends
    Neutral Outlook
    No opinion of CEO
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