Fidelity Investments Reviews

Updated August 28, 2014
Updated August 28, 2014
1,782 Reviews

3.6
1,782 Reviews
Rating Trends

Recommend to a friend
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Fidelity Investments Chairman and CEO Edward C. “Ned” Johnson, III
Edward C. “Ned” Johnson, III
751 Ratings

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

Employee Reviews

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  1. 3 people found this helpful  

    High Net Worth Representative I

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - High Net Worth Representative I  in  Westlake, TX
    Current Employee - High Net Worth Representative I in Westlake, TX

    I have been working at Fidelity Investments full-time for more than a year

    Pros

    Lots of options as far as career paths are concerned. Wonderful training program, so it is a great place to begin your career in the financial services industry. Fair pay. Very very good retirement benefits.

    Cons

    The measures of performance make it easy for management to micro-manage, and be overly critical of what would normally be considered very hard working employees. Unfortunately, although there are a great deal of career paths, these same measures of performance are used to evaluate employees, and can sometimes lead to wonderful employees being overlooked for advancement.

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

    For the Cincinnati area, it's not a bad place to be

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President
    Current Employee - Vice President

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

    Pros

    The people you work with are great. All focused on the customer.
    Nice regional campus.
    You can build career there without moving.
    Invests in the people and technology.
    Decent benefits.
    Supportive of development of the people.

    Cons

    Hit or miss with SVPs. Some are great (visionary, smart, approachable, open, advocates, fair). Others will do what they can to take care of themselves at the cost of others. The HR rules to not apply to that level and there are known issues that are kind of ignored. They are hired for driving to metrics and not the ability to manage, lead or inspire. Just do your homework to determine if the leadership of the function will align to what is important to you.

    Also understand the bonus opportunity and how it is structured. Your bonus percent is always immediately reduced by the funding level (fund at 85% for example) and then you get a percentage of your bonus eligible amount depending on performance. .85 (funded level) X .85 (decent bonus based on performance) X.40 (eligible amount) = 28.9% is really what your 40% "bonus opportunity" turns out to be. And that is for a solid performer. Just be fully informed as you negotiate your salary. 80/20 rule applies here -Only 20% get the top bonus which means you actually get the "opportunity" tied to your grade level. Don't get me wrong here - is 28% a nice bonus? Yes. Is it far away from 40%? Yes. What is supposed to be motivating you to perform well just becomes exhausting.

    Advice to ManagementAdvice

    Hold senior management to the same level of accountability. If they are not capable of managing people (which is not easy and not for everyone) then don't put them in positions where they are leading large groups.

    We understand compa ratio and the market rate concept, but for a company like Fidelity where you are constantly overworked, and when the cost of living continues to increase, just be aware of how this looks. Especially when the SVPs seem to be able to afford multiple houses yet everyone below that just levels out if they have been a strong performer over time. Who are the ones really making the place run?

    Neutral Outlook
    Approves of CEO
  3.  

    Principal Systems Engineer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

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

    Pros

    Benefits, and people are the main drivers when considering advantages of working there. Benefits are above average. Very flexible work hours.

    Cons

    Promotions are very political. Selection is by quota per organization and based on how well your manager and his manager can advocate for you. It's important that your management is highly regarded among their peers.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Best company I've worked for.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Account Executive
    Current Employee - Account Executive

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

    Pros

    Nice to finally work for an investment company that is private. Clients first, not shareholders. Thank you Johnson family!

    Cons

    Work life balance is not competitive with other like-compensated options. My SF Bay Comp is mirrored to those in lower cost-of-living parts of the country.

    Advice to ManagementAdvice

    As the 401k leader, we should have a yearly matching True-Up.

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    Privately held firm with strong reputation

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Compliance Advisor  in  Dallas, TX
    Current Employee - Senior Compliance Advisor in Dallas, TX

    I have been working at Fidelity Investments full-time for more than 8 years

    Pros

    Family owned business that places customers first. Encourages a values and ethics based corporate culture

    Cons

    The big size of the firm causes silos in certain departments / businvess units, resulting in poor management styles and non-meritocratic environment. Career advancement becomes difficult as one progresses up the ladder.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Good Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Fidelity Investments

    Pros

    Great company to work for and advance in the future. Good benefits as well.

    Cons

    Could be too bureaucratic as it is a big company

    Recommends
    Neutral Outlook
  8.  

    Great company.

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

    I have been working at Fidelity Investments full-time for more than 8 years

    Pros

    Great colleagues and work and environment.

    Cons

    I can't think of any cons at all. It is a great place to work.

    Advice to ManagementAdvice

    Keep up the good work.

    Recommends
    Approves of CEO
  9.  

    Fidelity Investments is a really great place to work!

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

    I have been working at Fidelity Investments full-time for less than a year

    Pros

    The people are very nice and supportive, especially my manager. I had a recent death in my family, and everyone was beyond supportive, which meant a lot. You may expect an investment company to be stuffy and old school, but Fidelity is quite the opposite! The perks and benefits are great, as well as the pay.

    Cons

    Coming from a creative background (art and theater), being in a very corporate environment can be sometimes challenging for a right brained person.

    Advice to ManagementAdvice

    Though this is an old respected company with a sound reputation, make sure to also occasionally make room for new modern ideas.

    Recommends
    Positive Outlook
    No opinion of CEO
  10.  

    Investment Representative

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Investment Representative  in  Jacksonville, FL
    Former Employee - Investment Representative in Jacksonville, FL

    I worked at Fidelity Investments full-time for more than a year

    Pros

    Good career path. Leads to account executive position with a lot of hard work.

    Cons

    Low bonus structure, micro management, a lot of unnecessary meetings, competitive environment to a fault.

    Advice to ManagementAdvice

    Increase quarterly bonus payouts.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Great Company to work for. Beautiful campus in Westlake TX

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Client Service Representative  in  Westlake, TX
    Former Employee - Client Service Representative in Westlake, TX

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

    Pros

    Great benefits, wide array of growth opportunities, excellent management and leadership, offers a good employee welfare package: bonus, profit sharing, tuition reimbursement, etc. The work environment is very serene and beautiful.

    Cons

    Basic compensation can be improved upon.

    Advice to ManagementAdvice

    More information about vertical growth opportunities within the organization should be communicated more to employees. Increase promotion frequency

    Recommends
    Positive Outlook
    Approves of CEO

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