Fidelity Investments – “Good benefits, poor pay, constant management change, little respect for employees”

Pros

Used to be a good company to work for, still a good brand on Resume, colleagues at the Analyst & Fund Manager level were smart.

Cons

Poor pay. Management constantly changes the strategic direction - every 6 months the investment team is presented with a new plan. Get the impression they are constantly in fear of losing their job as performance is pretty bad, so get out of jail card is a new 'plan'. Building fiefdoms is a key activity of middle-management, especially on the DOR team. HR just seems to follow management around to see what they are required to do next - no strategic direction at all, 'yes-man' mentality. Fidelity pays so badly that it really is not a long-term career option - benefits to your Resume after 1 year are more or less the same as after 5 years and even 10 - so makes sense to leave after 3-4 years. However, the most disappointing thing about this company, is that there is no concern for employees, you are just a cog in the wheel.

Advice to Senior Management

This used to be a great company before 2005. There is probably still a chance to turned it around.