Fidelity Investments Reviews in Boston, MA Area

Pros

Benefits, tuition reimbursement, profit sharing, coworkers, ability to learn new skills and projects.

Cons

The focus on employee advancement has been declining steadily over the past few years. few opportunities to grow as a professional.

Pros

- Great benefits
- Open to your ideas; you can lead
- Challenging work
- Awesome people work here

Cons

- You'll immediately be pigeon-holed
- Next to impossible to move into another business or function
- Very few promotions from within

Advice to Senior Management

- Promote more from within
- Allow more employees movement within the firm

Pros

- outstanding technology and resources
- best compensation around
- a lot of different business units means a lot of opportunities to grow

Cons

- chaotic
- constantly revolving door for senior management
- very tactical - seems to lack strategic vision
- constant flux and fear of lay-offs makes for an extremely unproductive workforce. focus is more on keeping your job than doing a great job

Advice to Senior Management

bring in some seasoned outsiders and turn the management over to them. Keep them for a while and support them rather than second guess them

Pros

Opportunity to try different careers. I moved around from a contractor to full time then moved into 5 other types of positions within my 19 yrs at Fidelity.
Great benefits. I was able to use adoption cost benefits, PC purchasing 3 times, continuing ed assistance, fitness reimbursement, etc. while there.
Last job with Mondays off and remote work from home one day was great!

Cons

Company is downsizing and relocating workers in an ongoing basis for the past 4 years. Folks that relocated to NC found they were laid off soon after.
They used to RIF in large volumes but appear to do 100 at a time now to go under the radar of media.
They do have a great severance package though for those with many years.
Recently it's been more difficult to climg the ladder due to cost cuts.

Advice to Senior Management

Don't use outside agencies to see which heads you're cutting. Use more sugical strikes. You're cutting some main arteries by slicing off some brains that are the only ones that know all the intricacies of the existing systems. Makes me concerned for the companie's future service.

Pros

benefits aren't what they used to be bit still are good.

Cons

they treat employees with little respect; its not a fun place to be.

Advice to Senior Management

respect.

Pros

1. Starting pay is at or slightly above market rate. Total compensation package including bonus, profit sharing, and 401K match are relatively good.
2. Many benefits including 7% 401K match, computer purchase assistance, inhouse gyms, excellent facilities, subsidized lunches, etc.
3. Relatively lax work schedule heavily dependent on manager.
4. Challenging fast paced environment built upon a foundation of chaotic reorgs.

Cons

1. Year over year pay increases, as well as promotion-based pay increases are way below market.
2. Benefits are being cut as a cost-cutting tool.
3. Seasonality of work results in very slow down periods and very chaotic up periods.
4. Promotions are rare; must be aggressive to pursue career growth. Inhouse promotions substantially smaller pay increases than external candidates. Very very illogical promotion system.
5. Technology is the bane of Fidelity. Too many platforms that do not sync with each other resulting iin a plethora of manual processes that will inadvertedly crash one day!
6. There are so many process people; decisions take aeons to execute

Advice to Senior Management

1. Please update the technology.
2. Process improvements are great, but there's too many process people!
3. Give lower tier employees pay raises.
4. Stop dropping the organizational chart on the floor and puzzling it together. It creates an enormous amount of downstream work that sucks the life out of employees.

Pros

Brand Name. Location Location Location

Cons

Pay is subpar to every other company in Finance. Promised promotions and advancement into investment roles however they only give those were only given to Ivy League graduates or through nepotism. Not worth your time after 2 years empty promises and no following through. Need ti be a Johnson or a graduate of Harvard or MIT to get anywhere waste of 5 years of my career.

Pros

Not much work pressure, life is easy!

Cons

Not much learning, you will soon become handicapped!

Advice to Senior Management

Please get some challenging work!

Pros

Strong compensation packages. Great career opportunities for top performers.

Cons

Very competitive & political culture

Advice to Senior Management

Too many organizational changes

Pros

the benefits are really good

Cons

to many people interested in impressing the boss

Advice to Senior Management

stop having meetings