Fidelity Investments

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

4 people found this helpful  

For the Cincinnati area, it's not a bad place to be

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

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

Pros

The people you work with are great. All focused on the customer.
Nice regional campus.
You can build career there without moving.
Invests in the people and technology.
Decent benefits.
Supportive of development of the people.

Cons

Hit or miss with SVPs. Some are great (visionary, smart, approachable, open, advocates, fair). Others will do what they can to take care of themselves at the cost of others. The HR rules to not apply to that level and there are known issues that are kind of ignored. They are hired for driving to metrics and not the ability to manage, lead or inspire. Just do your homework to determine if the leadership of the function will align to what is important to you.

Also understand the bonus opportunity and how it is structured. Your bonus percent is always immediately reduced by the funding level (fund at 85% for example) and then you get a percentage of your bonus eligible amount depending on performance. .85 (funded level) X .85 (decent bonus based on performance) X.40 (eligible amount) = 28.9% is really what your 40% "bonus opportunity" turns out to be. And that is for a solid performer. Just be fully informed as you negotiate your salary. 80/20 rule applies here -Only 20% get the top bonus which means you actually get the "opportunity" tied to your grade level. Don't get me wrong here - is 28% a nice bonus? Yes. Is it far away from 40%? Yes. What is supposed to be motivating you to perform well just becomes exhausting.

Advice to ManagementAdvice

Hold senior management to the same level of accountability. If they are not capable of managing people (which is not easy and not for everyone) then don't put them in positions where they are leading large groups.

We understand compa ratio and the market rate concept, but for a company like Fidelity where you are constantly overworked, and when the cost of living continues to increase, just be aware of how this looks. Especially when the SVPs seem to be able to afford multiple houses yet everyone below that just levels out if they have been a strong performer over time. Who are the ones really making the place run?

Neutral Outlook
Approves of CEO

1939 Other Employee Reviews for Fidelity Investments (View Most Recent)

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  1. 1 person found this helpful  

    Privately held firm with strong reputation

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

    I have been working at Fidelity Investments full-time (more than 8 years)

    Pros

    Family owned business that places customers first. Encourages a values and ethics based corporate culture

    Cons

    The big size of the firm causes silos in certain departments / businvess units, resulting in poor management styles and non-meritocratic environment. Career advancement becomes difficult as one progresses up the ladder.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Best company I've worked for.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Account Executive
    Current Employee - Account Executive

    I have been working at Fidelity Investments full-time (more than 3 years)

    Pros

    Nice to finally work for an investment company that is private. Clients first, not shareholders. Thank you Johnson family!

    Cons

    Work life balance is not competitive with other like-compensated options. My SF Bay Comp is mirrored to those in lower cost-of-living parts of the country.

    Advice to ManagementAdvice

    As the 401k leader, we should have a yearly matching True-Up.

    Recommends
    Neutral Outlook
    Approves of CEO
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