Fidelity Investments Institutional Services

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Fidelity Investments Institutional Services Reviews

Updated Jul 15, 2014

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All Employees Current Employees Only

3.2 36 reviews

73% Approve of the CEO

Fidelity Investments Institutional Services President Peter Cieszko

Peter Cieszko

(11 ratings)

59% of employees recommend this company to a friend
36 Employee Reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Fantastic, everyones very kind and hard working. Food in the cafeteria is great and reasonably priced. Well managed.

    Intern (Current Employee) Smithfield, RI

    ProsPeople as well as the opportunities to change roles within the company. Everyone here seems to work hard and their are few shortfalls with the benefits that we receive. It has personally led me to grow as an individual as well as gain valuable experience in the financial services industries. I personally feel lucky that I had the opportunity to work at such a wonderful company and hope to continue my career here for years to come.

    ConsCan be stressful with the workload, half the time it seems like your in meetings receiving work than you are actually doing work. Will have to work late hours a lot to make up for the work you could not complete during the day and sometimes you are working 60 hour weeks to keep up with the demand. It is manageable but it can lead to stress, less sleep and worrying. The paycheck does make up for this however as they are a company that does pay pretty well.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    FIis reliance hiring ffriends and family made it a very cliquish place to work

    401k Plan Phone Representative (Former Employee) Covington, KY

    ProsFidelity investments is a very generous employer.

    ConsFIIS management preferred recent college grads who were living in their parents basement.Any employee who was over 35 and did not suck up to management was treated like a leper.

    Advice to Senior ManagementEveryone makes mistakes. If you have an employee who has never been charged with an error is either passing the buck on anything they are unfamiliar with or gaming the system.

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Decent company to work for. Be wary of restructuring

    Accounting Analyst (Former Employee) Boston, MA

    ProsCo-workers are knowledgable and competent. Lots of resources for learning and job development. Technology is kept decently up to date.

    ConsNot much interaction between departments. Management can be rigid. Constantly restructuring.

    Yes, I would recommend this company to a friend

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    Workload is tough

    Anonymous Employee (Current Employee)

    ProsGood people, good benefits, generous 401k

    ConsMetrics seem to be off, workload is often tough to keep up with

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Time for the C-Level Execs to Go

    Man Director (Current Employee) Cincinnati, OH

    ProsInexpensive living is available in Kentucky just miles away. Lot's of opportunities to give back to the community. Easy commute. Good churches nearby.

    ConsThe highest level of management is not on top of the game. In this changing economy we need people with real experience, people from the trenches, people who know our clients.

    Advice to Senior ManagementHire from within. There are good managers that could be better executives.

    Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    2 people found this helpful  

    Fidelity no longer the company it used to be...

    Client Services (Former Employee) Covington, KY

    ProsFlexibility to work from home. Salary and benefits better than average but Fidelity has made many changes to reduce these in recent years (i.e. elimination of pension plan; change in merit and bonus review program; move to high deductible medical plan).

    ConsFidelity is a sweatshop. If you job involves client services, you find yourself working on vacation and holidays with no appreciation or reward. Fidelity has been doing consistent reductions in force over the last several years so less employees do more work. The company also recycles the same managers year after year which do nothing but provide lip service to upper management. The old boys club rules at Fidelity. If you are part of the club you are in. However, if you are honest and speak the truth, you are out. Senior management does not want to hear the truth and doesn't care about what the rank and file employees want or need or for that matter what the clients need. On the institutional side of the business, what is best for the client is what is in the best interest of Fidelity.
    Client Boards are just ways for senior management to goes to posh hotels/locations to schmooze with clients and give them lip service. Recent changes in the merit review process results in most employees being rated as average. This review process is a bell curve so only a handful are rated as excellent and requires that some employees fall into the need to improve category. This certainly makes it easy to determine who is out for the continual reductions in force. Finally, if you manage clients beware that if that client leaves, the buck stops with you. Even if the decision is out of your control (i.e. senior management won't budge on pricing or the client is bought by another company that is not with Fidelity) your manager will hold you accountable and your job will be on the line.

    Advice to Senior ManagementI would say to take the time and energy to really hear what the rank and file employees want and need but that would be assuming management cares about this. They don't. Management only wants to hear what it wants to hear and no employee satisfaction survey will provide them the true answers as the vast majority of employees do not trust that it is truly anonymous. This has created a completely disfunctional culture.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Great experience, didn't think I'd ever leave. I was part of a reduction in work force. Great place to start your career

    Director (Current Employee) Smithfield, RI

    ProsFair salary and bonus program. If you did well and proved yourself you were compensated very well. Great opportunities to grow your career, plenty of opportunity for upward or lateral movement. Advancement was supported by Mgt

    ConsWork life balance was a little tough, depending on the area you worked.. Not a 9-5 company.

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Great company to settle down.

    Principal Software Engineer (Current Employee) Cumberland, RI

    ProsCool working environment. Independence , flexibility and benifts

    ConsLimited technology exposure, lengthy and time consuming processes.

    Advice to Senior ManagementNone.

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Ok place, great benefits but lots of politics

    Senior Software Engineer (Current Employee) Smithfield, RI

    Pros1) Great Benefits
    2) Ability to move within the organization
    3) Great pay if you negotiate it upfront .
    4) Good work life balance in some groups

    Cons1) Lot of politics
    2) Frequent re-organizations and changes within the company. No stability in senior management.
    3) New hires can be hired at much higher salaries.A person hired at a lower level could have much higher salary than yours.
    4) Work life balance can be bad in some groups.
    5) Lots of employees in IT are not proficient in their fields.

    Advice to Senior ManagementGet some stability in Senior Management. Stop continuous reorganization and changes.it is bad for employee morale.Btw, Peter Cieszko is long gone . This is the third time in as 5 years that the President has changed.

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    I like my job

    Anonymous Employee (Current Employee) Cincinnati, OH

    ProsVery good job growth, I really like the people that I work with and my boss is extremely competent

    ConsLocation, I am looking to get into the Boston location of Fidelity and get into the investment department in the future

    Advice to Senior ManagementI am extremely satisfied with the leadership at fidelity. It is good to work for an employer with job growth

    Yes, I would recommend this company to a friend

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