Fidelity Investments

  www.fidelity.com
  www.fidelity.com
There are newer employer reviews for Fidelity Investments

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

1901 Other Employee Reviews for Fidelity Investments (View Most Recent)

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  1.  

    Mixed bag - very political

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior QA Engineer in Research Triangle Park, NC
    Former Employee - Senior QA Engineer in Research Triangle Park, NC

    I worked at Fidelity Investments full-time (more than 3 years)

    Pros

    If you are lucky enough to land with a secure, mature manager you will have many opportunities to exceed at your work. Confident managers excel at training, advancing, promoting their subordinates into better positions. They advise, challenge, critique, encourage and correct your work and presentations in a productive, positive manner. They look for opportunities for their subordinates.

    Cons

    If you are unlucky and land on one of the insecure manager teams you will go nowhere. Expect no directions, no clarifications, no assistance with projects and tasks assigned to you. Expect no contact from these managers until your yearly review, then expect the worst possible annual review where you will be blamed for all of this manager's short comings. You can write a rebuttal to the BS in your review, but that rebuttal will never get looked at and you're left with a tarnished reputation, no raise, lousy bonus but - gosh - at that moment, your manager sure looks happy!

    Advice to ManagementAdvice

    Quit reorganizing your department and reporting structures. You have effectively killed all communications on all your projects. How can you expect projects to complete on time, at budget or under, if every 9 months or less you reorganize your departments so that half the project players get moved off the projects, being replaced by newbies that know nothing and leaving you with broken communication lines in every critical direction for the project. This is usually done more than once on any given project, then because of delays those projects get dropped effectively throwing away all the good work done by too many disconnected folk.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. 2 people found this helpful  

    Great Place to work if your comfortable with pay

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President in Dallas, TX
    Current Employee - Vice President in Dallas, TX

    I have been working at Fidelity Investments full-time (more than 5 years)

    Pros

    Once your into management and make connections , you see many chalanges
    Benefits are fantastic
    solid firm
    Lots of internal knowledge about fidelity
    still growing

    Cons

    Politics politics politics
    Takes about 2 or more years to get into the clicks
    focus changes from time to time
    very risk averse
    depends on who you work for

    Advice to ManagementAdvice

    Allow your more junior players some oppurtunity and involvement

    Recommends
    Positive Outlook
    Approves of CEO
There are newer employer reviews for Fidelity Investments

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