Fidelity Investments Reviews

Updated August 27, 2015
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1.7
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Fidelity Investments CEO Abby Johnson
Abby Johnson
1 Rating

Pros
  • Work/life balance very important to company (in 166 reviews)

  • Great company with great benefits (in 210 reviews)

Cons
  • Company expects all dedication to work with little regard to work/life balance (in 52 reviews)

  • senior management (good or really bad) trumps everything (in 70 reviews)

More Pros and Cons

43 Employee Reviews

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  1. Software Engineer

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Engineer/Developer in Marlborough, MA
    Former Employee - Software Engineer/Developer in Marlborough, MA
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    - Decent salary, benefits, culture is ok

    Cons

    - Management is a little outdated


  2. Helpful (4)

    Software Development

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Marlborough, MA
    Former Employee - Anonymous Employee in Marlborough, MA
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Was great for my first 10 years

    Cons

    Frequent change in management. Sr management was more interested in promoting themselves rather than promoting their people


  3. HR is non-existent for non-managerial employees

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Marlborough, MA
    Current Employee - Anonymous Employee in Marlborough, MA
    Recommends
    Negative Outlook
    Approves of CEO

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

    Pros

    Good place to work for a few years to get all-round finance industry experience. However, be prepared to work like a slave, because it is all numbers game for performance metrics. Quality & customer service does not matter.

    Cons

    Employees are disposable assets. Skills and experience does not matter. No emphasis on building able and skilled work force. High attrition rate. Upper management is all about numbers game on excel spreadsheet because that earns them huge bonuses. Little accountability in management rung. If they screw-up, they abandon the group/business and jump-shift to another business like sinking ship.

    Advice to Management

    Be human and show some respect to human capital as well. Because, in the game you are playing, you are also just a number and sooner or later, it will catch up with you!


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  5. It is good.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Engineer/Developer in Marlborough, MA
    Former Employee - Software Engineer/Developer in Marlborough, MA
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Good company with plenty oppurtunities to move around and grow.

    Cons

    nothing really, there are many locations so may be ready to move around.

    Advice to Management

    none


  6. Helpful (1)

    It's not quite the Borg, but it is an intense place to work. Not for the squeamish.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director, Operations in Marlborough, MA
    Former Employee - Director, Operations in Marlborough, MA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Fidelity Investments full-time (More than 8 years)

    Pros

    Diverse business lines present opportunities for internal movement Many smart, customer-focused, collaborative professionals Compensation including bonuses is lucrative, depending on job role Many opportunities for internal training, especially for managers Very structured, hierarchical environment which some people like

    Cons

    Extremely siloed, due to the diverse business lines and operational complexity Constant, relentless organizational changes at all levels, with entire groups being relocated, realigned or disbanded without sufficient explanation Communication from executive and senior management was lacking and/or confusing Middle managers were under intense pressure to produce results but often not given the needed resources Depending on group, morale was often a problem due to offshoring concerns

    Advice to Management

    Strive harder for transparency. When strategic direction is changing, remember that Fidelity is an ocean liner, not a rowboat. If you want your best people to stay engaged and help move the business forward, equip them with more information to combat the rumor mill, which can be devastating to morale.


  7. Good place - capable management

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Production Manager in Marlborough, MA
    Former Employee - Production Manager in Marlborough, MA
    No opinion of CEO

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

    Pros

    Management very supportive. PWIS systems and operations have a good learning curve to them. Master them and you are ready to take on anything. People and business units you work with are great. Many people I worked with had been within Fidelity for a LONG time. Once you are in, You're in. The accrued benefits seem to keep people around.

    Cons

    Gets stale after a few years, the monotony of the type of work you do can be taxing. Enrollment season can turn co-workers batty (busy season)


  8. Used to be good, now is a sweatshop

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Engineer/Developer in Marlborough, MA
    Former Employee - Software Engineer/Developer in Marlborough, MA
    Doesn't Recommend
    Disapproves of CEO

    Pros

    worked with great people good technology

    Cons

    no prospects for growth or career advancement management was weak endless hours for very little recognition or merit raises was great in late 90's but slowly decined over the years

    Advice to Management

    People work hard. Pay them fairly and recognize they have a life outside of work.


  9. Learned a lot...about Fidelity technologies!

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Quality Assurance Engineer in Marlborough, MA
    Former Employee - Quality Assurance Engineer in Marlborough, MA
    No opinion of CEO

    Pros

    Fidelity Investments has excellent benefits (medical, dental, 401k, profit sharing, etc.). The tuition reimbursement program is top notch as well.

    Cons

    A lot of the technologies I worked with are "home grown", making it difficult to transfer learned skills to future jobs elsewhere. Compensation levels are also not in line, in my experience, with similar jobs elsewhere.

    Advice to Management

    Senior management definitely needs to get a better grasp on what their groups do on a day to day business, what might help make their jobs easier and/or more efficient.


  10. Helpful (1)

    Job Growth at the company has disappeared

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Manager in Marlborough, MA
    Current Employee - Senior Manager in Marlborough, MA
    No opinion of CEO

    Pros

    Benefits, flex work opportunities. More opportunities on business side than IT side.

    Cons

    No opportunity for growth or promotion.

    Advice to Management

    Try to eliminate sacred cows in the company which are holding new capabilities from being implemented.


  11. It is a place where one can find diversity of talent while performing your job.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Project Manager in Marlborough, MA
    Current Employee - Senior Project Manager in Marlborough, MA
    No opinion of CEO

    Pros

    Fidelity keeps up to date with the latest technology. Definitely, potential for growth sine it has diversified internal orgnisations and culture

    Cons

    Too many processes to adhere during the software developement project which at times add no value. Depending upon the program or project, individuals may not get the complete vision due to many Sr. Mgmt layer.



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