There are newer employer reviews for Fisher Investments

13 people found this helpful  

If you have low expectations, look elsewhere

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Associate-level Role in San Mateo, CA
Current Employee - Associate-level Role in San Mateo, CA

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

Pros

I guess some of these reviewers would call me one of the "robots", but what I've seen in just over two years at this company is about as positive as any reasonable employee could expect. And there's the rub-- the fact that the company has a lot of opportunities for entry level (read just out of college) workers means that some don't have the frame of reference needed to allow for a more fair comparison. Having worked in several full-time post-college positions other than at Fisher, I can attest that some of the "pros" are substantial. For example:

- You pay no medical care premiums (only copays); the company pays for your health insurance and has a generous 50% match, instantly vested, into your Healthcare Savings Account

- The fact that it is a metric-based environment is great for anyone who has ever been maltreated by an arbitrary boss. The fact that the company has a laserlike focus on performance means that if you are consistent, methodical, accurate, and otherwise smart about how you do your job, you will never be bothered by management. In fact, you'll be praised often, given opportunities to work on other projects, and usually, promoted within 1-3 years. In many jobs there are also performance bonuses which many of the individuals railing on the company here apparently failed to receive

- Rotating jobs ("building breadth and depth") is a certain cure for occupational boredom. If you don't enjoy challenges or aren't a driven type of individual, admittedly, this is probably a nightmare. For workers who loathe having to learn new things or changes in the work environment, though, there are other financial industry jobs (bank teller, for example).

- The company is selective to an almost absurd extent (which is why you'll see this remark again in the Cons section). This means your office neighbor at an entry-level job is probably intelligent, accomplished, and have an engaging personality. In part because they are intelligent, they will usually be busy, but you'll have some pretty awesome lunch and watercooler conversations.

- The company has undergone tremendous growth, even since 2008. If you've ever been laid off or worked for an organization in decline, you understand that it is important to hitch your wagon to the right star.

- 401K match is 50%, and this is up to the legal IRS maximum, not just a small percentage of salary

And for me, perhaps most importantly, the company seeks to be ethically impeccable, aligning its incentives with that of its clients. The company doesn't push bad packaged derivative and mutual fund products on unsuspecting retirees just to earn a commission. They are fee-based so their goal is portfolio growth-- but not at any cost. They've steered clear of risky investment choices to focus on long equity, bonds, and in bear markets, good old cash. And as someone with an advanced degree in the financial field, I always heard that nobody beats the market. Well, most of the time Fisher actually has over its history, even after fees, usually by a modest margin that is the whole point of hiring them instead of going with an alternative.

Cons

- The company is selective to an almost absurd extent (if you get a callback, your resume portrays absolute rockstarness)
- The office locations are mostly off-the-beaten path, meaning a sometimes lengthy commute for most entry-level people in the City, depending on your location and traffic conditions.
- No frills (no climbing wall, arcade games, Swiss ball chairs, keg Fridays, on-site gym or other Silicon Valley accoutrements)
- Sometimes head-spinning amounts of priorities to juggle in some roles, mostly those related to projects and innovation initiatives
- I don't think it's a "con" but many seem to so I'll include "high expectations"

Advice to ManagementAdvice

- Throw in a few more creature comforts and design elements to make the work environment more engaging
- Offer more schedule alternatives (flex time). Depending on the role, some options are not available to some employees (i.e., 8 versus 10 hour days)
- Even though as a current employee I sometimes find it on the challenging side, keep up the current climate of pushing for positive changes in processes and methods

Recommends
Positive Outlook
Approves of CEO

217 Other Employee Reviews for Fisher Investments (View Most Recent)

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  1. 9 people found this helpful  

    Client Service Associate

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Client Service Associate in San Mateo, CA
    Current Employee - Client Service Associate in San Mateo, CA

    I have been working at Fisher Investments full-time (less than an year)

    Pros

    Very military style based company - you learn to just obey and do work non-stop. Definitely learn to manage time effectively and cover your butt whenever there are break-downs.

    Cons

    Managers come from other departments, who have had no working experience before - many inexperienced and bad managers.
    You get paid very little for 10 hours of work per day ( not to mention it starts at 6:30 a.m.)
    No transferable skills
    You can get stuck in one department, and if the manager doesn't like you, you can never go into department that you want to go in
    Google and other basic sites are blocked... I mean really?

    Advice to ManagementAdvice

    The senior management needs to be aware what happens below

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. 7 people found this helpful  

    Robot factory

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Project Manager Associate in San Mateo, CA
    Former Employee - Project Manager Associate in San Mateo, CA

    I worked at Fisher Investments full-time (more than 5 years)

    Pros

    Work with a lot of smart people (employees and a lot of the clients too), which is nice. Most employees are clever, ambitious and fun outside of work too. Good 401k package (50% match) and benefits. They offer a pretty good product for their market place.

    Cons

    No internet access for 10 hour (minimum) days. A lot of corporate catch phrase stuff: head down-chin up, it is what it is, living the dream. We were required to memorize the 3 paragraph 'fisher vision' and people would chant it in a weird jingoistic show of loyalty. Practically all the employees live in SF and the commute to San Mateo every day is miserable- makes every day at least 12 hours. Also, they don't let their employees all park in the lot because they want to rent out other floors in the building so you'll have to park your car in 2hour parking on the street half the time and walk past hundreds of empty spots. It's really dumb and kind of indicative of a lot of the management's philosophy of screwing over employees in favor of potential short-term ROI.

    Advice to ManagementAdvice

    Cut out the breadth and depth thing (basically a required department transfer every 2-3 years) - it's dumb and causes employees to have to move right when they get really good at something

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
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