Fidelity Investments

www.fidelity.com
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380 Employee Reviews Back to all Reviews

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  1.  

    Distribution Executive

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - V P in Boston, MA
    Current Employee - V P in Boston, MA

    I have been working at Fidelity Investments

    Pros

    Quality products, strong corporate values, excellent benefits, private ownership, long-term perspective, generally nice people

    Cons

    Heavy competition for more senior roles, investment management organization overly dominates decision making, long-time executives spoiled by past success, slow to make decisions, too many reorg's

    Recommends
    Neutral Outlook
    No opinion of CEO
  2. 1 person found this helpful  

    Non technical management

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

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

    Pros

    Good benefits
    The people you work with are really nice
    Lots of locations if you want to move around and travel

    Cons

    Management are non technical.
    The software delivery process is costly and very poorly run.
    There is no freedom in technology selection or career direction.
    The people who do the work are rarely rewarded.
    Promotions are given almost exclusively to people in management positions.

    Advice to ManagementAdvice

    Outsource all future software development to a subsidiary company

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3.  

    I have had great experience working with Fidelity Investments. The company provides great learning opportunity.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Software Engineer in Boston, MA
    Current Employee - Senior Software Engineer in Boston, MA

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

    Pros

    I have have been working with Fidelity Investments for more than 3 years & my experience has been wonderful. The company adopts to latest technologies, thus keeping us techies in line with the latest happenings in technology.
    My personal experience has been great, where in i have been promoted multiple times have joined as an Associate straight out of Masters Program. The company recognizes talent and promotes the same, through opportunities for learning & perks.

    Cons

    Like many other companies the production installs occur during business off hours, hence you are expected to participate in the same.

    Advice to ManagementAdvice

    N/A

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    Frustaing place to work for engineers

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Software Engineer in Boston, MA
    Current Employee - Senior Software Engineer in Boston, MA

    I have been working at Fidelity Investments full-time (more than 5 years)

    Pros

    Good benefits, plenty of opportunity to work in different roles and a good place start off / learn about the financial industry.

    Cons

    The company is organized and run like a bank which has a negative impact on the technology divisions. There are multiple layers of management who don't really know anything about technology. Unfortunately they get to make the important decisions which leads to expensive and wasteful engineering practices. Good engineers typically get frustrated with all the politics and beauracracy and leave after a few years.

    Advice to ManagementAdvice

    Try get more technical people into management / decision making roles.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6. 5 people found this helpful  

    Great company but something to consider

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - IT Director in Boston, MA
    Current Employee - IT Director in Boston, MA

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

    Pros

    Overall I think Fidelity is a great company, the fact that its privately own makes it more immune to market volatility and the year-end bonuses have been fairly consistent

    Cons

    The promotion process is a complete mystery and it appears to be highly political
    Once you reach a certain level (director) within IT at least there are no annual market adjustments, so every year you are in theory making less money. Plus there are no catch-up adjustments.
    When applying to a job at the same level the policy is that you cannot get a salary increase, even if the job is vastly different and within a different business unit. Which means overall you are stuck at your current salary unless you look outside the firm

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Great Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Intern - Intern in Boston, MA
    Current Intern - Intern in Boston, MA

    I have been working at Fidelity Investments as an intern (less than a year)

    Pros

    Constantly providing training and education to employees. Positive workplace culture.

    Cons

    There really are no cons that I have seen.

    Advice to ManagementAdvice

    Dont have any advice to management.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Excellent place to plan a long term career

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

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

    Pros

    Lots of different types of roles to work in; Supportive of internal movement; outstanding benefits - compounds greatly the longer you stay; Quality of associates; Management support for innovation; huge IT investment

    Cons

    Lots of job movement to new sites. If you are adverse to relocating, make sure you check on the LT prospects of your role.

    Advice to ManagementAdvice

    The significant amount of movement to new sites has removed some of the luster of working at Fido. Hoping the transition will slow down soon so the culture can stabilize.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Great experience

    • 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

    I worked at Fidelity Investments full-time (more than 3 years)

    Pros

    Professional team, good compensation, good culture, grat firm

    Cons

    At times not as fond of innovation as competitors.

    Advice to ManagementAdvice

    Great experience

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    Challenging and rewarding with many opportunities for self-starters to advance and develop.

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

    I worked at Fidelity Investments full-time (more than 10 years)

    Pros

    Highly motivated colleagues, culture of integrity, private ownership, commitment to long-term projects, entrepreneurial spirit, opportunities for advancement and movement among many office locations, very supportive of education within and outside the company, positive involvement in community activities, industry leader and innovator.

    Cons

    Fast paced and demanding environment.

    Recommends
    Positive Outlook
    Approves of CEO
  11. 2 people found this helpful  

    A very ethical company and generally a fair place to work in but a company that will no longer be a technology leader.

    • 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

    I worked at Fidelity Investments full-time (more than 10 years)

    Pros

    Ethical: during all my long career in Fidelity I never meet anyone the would consider breaking laws, rules or regulations. In fact there was proactive approach to protecting customers. A great place to work if you have a good executive level manager. Benefits become very good the longer you stay with the company.
    Genuine attempt to provide outstanding customer service.

    Cons

    Unfortunately upward management, confidence and spin rather than quality and quantity of work or good management skills is a very successful technique for promotion to the executive level. This results in some cynicism from smart observant lower level employees that see this happening.
    Strong movement away from being a technology leader to lower costs and operational excellence as a competitive advantage. So no longer an outstanding technology company to work in if you are a technologist.
    The company is in a constant state of reorganization. This includes offshoring to India then China, downsizing, moving staff to new locations in the US. This creates huge waste and insecurity for many employees here and offshore.

    Advice to ManagementAdvice

    Continue with the ethical work culture and drive for Operational Excellence and lower costs. Work to archive merit based promotion to executive level based on facts, broad feedback and metrics.
    Set out a three year plan for where the company will base most of its work to allow employees to feel some sense of security.

    Recommends
    Neutral Outlook
    Approves of CEO

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