Fidelity Investments

  www.fidelity.com
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1 person found this helpful  

Great company to settle down and retire from; not best for earlier in your career if you wish to learn.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Senior Analyst  in  Merrimack, NH
Current Employee - Senior Analyst in Merrimack, NH

Pros

Great perks. In terms of bonus, profit sharing, 401(k) match, health and insurance benefits. If you are good management usually goes at length to keep you happy and retain you. Does respect work life balance.

Cons

Bit of bureaucracy and personal interests make environment little rigid in terms of work and future roadmaps. Since a big part of salaries ( specially from senior levels) are tied to bonuses, focus changes from overall team goal to personal goals and marketing, making environment unpleasant. If you are a technical personal specially earlier in your career and want to grow technically, this might not be the right place to start.

Advice to ManagementAdvice

Continue what you are doing to retain good employees. Please reduce bureaucracy and come up with better ways to retain your technical staff.

Recommends
Positive Outlook
Approves of CEO

Other reviews for Fidelity Investments

  1. 4 people found this helpful  

    Place is a circus act and real investors should run away, fast!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Account Executive  in  Atlanta, GA
    Former Employee - Senior Account Executive in Atlanta, GA

    Pros

    Great name brand that people seem to trust, for now. Free coffee. Well, that's about it folks.

    Cons

    The mangers at the branch could care less about the clients and their assets. It is all about what the account executives are doing with the clients money. Get that money invested at all costs. Stick 'em in mutual funds, annuities or PAS managed program so they can charge them fees. Fidelity investors do not realize they are being duped by purchasing their no load funds. Why? Because their funds tend to have higher turnover ratios that in turn allow their fund managers to perform trades. This equates to significant trading costs that are not disclosable under current law. Investors only see the fund expenses and forget the hidden fees. Do you really think they are going to give good advixe and not be charging you anything people? Really? Furthermore, they treat their superstar higjly experienced people the same as the ones they are getting rid of. It's all about brown nosing at that place. Quality employees leave within 24 months. The bad ones stay because they cannot get hired anywhere else. Their micro management, cukture of fear and intimidation, and peanuts for pay make this place highly avoided by the top 10% of financial advisors from other firms.

    Advice to ManagementAdvice

    Stop promoting morons due to their brown nosing, tenure, or incompetence. If you are that scared to hire or promote quality people because you fear they will show you up, well, they will anyway. How? The way several of us in the top 25 national rank did when we all left you while scrathed your heads in disbelief. Reason? We can make more income, not jeopardize our integrty to the
    client by cutting their grass rather than working for this organization that's hell bent on seeing how many top quality people they can hire for the cheapest dollar only to watch them succedd then resign while on top! Take your head out of your butts and remove your ego or else when this market turns you will be left with the bottom 5% of morons in which you deserve. You people absolutely suck!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Smart people, interesting work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President  in  Boston, MA
    Former Employee - Vice President in Boston, MA

    Pros

    People at Fidelity get things done. There is always the feeling that the work matters. Excellent with technology and technology infrastructure. Innovative thinkers.

    Cons

    Not a relaxed place. Tough to advance, but not that hard to move laterally. Many people have been there for many years.

    Advice to ManagementAdvice

    Loosen up a lot on employee management. Return to the more friendly employee policies that drove people to devote themselves to the firm. Allow people to move around and up more easily. These moves will build a deeper bench. Get corporate HR to manage the US and global talent pools instead of working one rec at a time.

    Recommends
    Positive Outlook
    Approves of CEO
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