Fidelity Investments

  www.fidelity.com
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Fidelity Investments Reviews in Marlborough, MA

All Employees Current Employees Only

3.0 41 reviews

67% Approve of the CEO

Fidelity Investments Chairman and CEO Edward C. “Ned” Johnson, III

Edward C. “Ned” Johnson, III

(3 ratings)

52% of employees recommend this company to a friend

Review Highlights

Pros
  • GOOD work-life balance: very rarely expected to work overtime (in 149 reviews)

  • Being a privately held company has great benefits as well (in 185 reviews)


Cons
  • Work-life balance can be tough given OT expectations 55-65 hours per week (in 42 reviews)

  • Lot of high level (senior management) politics played in a dirty manner (in 68 reviews)

More Highlights
41 Employee Reviews Back to all reviews
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    It is good.

    Software Engineer/Developer (Former Employee) Marlborough, MA

    ProsGood company with plenty oppurtunities to move around and grow.

    Consnothing really, there are many locations so may be ready to move around.

    Advice to Senior Managementnone

    Yes, I would recommend this company to a friend

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

     

    HR is non-existent for non-managerial employees

    Anonymous Employee (Current Employee) Marlborough, MA

    ProsGood 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.

    ConsEmployees 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 Senior ManagementBe 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!

    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

    1 person found this helpful  

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

    Director, Operations (Former Employee) Marlborough, MA

    ProsDiverse 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

    ConsExtremely 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 Senior ManagementStrive 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.

    Yes, I would recommend this company to a friend

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

     

    Good place - capable management

    Production Manager (Former Employee) Marlborough, MA

    ProsManagement 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.

    ConsGets 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)

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

     

    Used to be good, now is a sweatshop

    Software Engineer/Developer (Former Employee) Marlborough, MA

    Prosworked with great people
    good technology

    Consno 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 Senior ManagementPeople work hard. Pay them fairly and recognize they have a life outside of work.

    No, I would not recommend this company to a friend

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

     

    Learned a lot...about Fidelity technologies!

    Quality Assurance Engineer (Former Employee) Marlborough, MA

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

    ConsA 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 Senior ManagementSenior 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.

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

    1 person found this helpful  

    Job Growth at the company has disappeared

    Senior Manager (Current Employee) Marlborough, MA

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

    ConsNo opportunity for growth or promotion.

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

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

     

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

    Senior Project Manager (Current Employee) Marlborough, MA

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

    ConsToo 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.

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

     

    Overall very good, strong team building and info sharing

    Principal Software Engineer (Current Employee) Marlborough, MA

    ProsGood structured environment
    Strong and highly effective management staff
    Base of very knowledgeable staff
    Exceptionable workplace environment
    On site fitness facitilties create energetic resources

    ConsOften highly aggressive projects
    Sometimes highly aggressive projects due to industry regulations
    Many exceptional staff lost due to downsizing due to market competition

    Advice to Senior ManagementBesides the formal award programs, afford employees positive feedback for their successful efforts. Continue team buiding programs as they grow close highly effective teams.

    Yes, I would recommend this company to a friend

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

    1 person found this helpful  

    Great Company with some downsides

    Systems Analyst (Former Employee) Marlborough, MA

    ProsOpportunity 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!

    ConsCompany 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 ManagementDon'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.

    Yes, I would recommend this company to a friend

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