Fidelity Investments

  www.fidelity.com
  www.fidelity.com
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Fidelity Investments Reviews in Rhode Island

Updated September 17, 2014
Updated September 17, 2014
1,803 Reviews
3.7
1,803 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Fidelity Investments Chairman and CEO Edward C. “Ned” Johnson, III
Edward C. “Ned” Johnson, III
770 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

46 Employee Reviews Back to all reviews

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  1. 1 person found this helpful  

    Excellent Internship experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Intern  in  Smithfield, RI
    Former Employee - Intern in Smithfield, RI

    I worked at Fidelity Investments as an intern for less than a year

    Pros

    Team oriented work, great people who have a lot of respect for each other, much opportunity for growth

    Cons

    Not many entry level opportunities available

    Approves of CEO
  2.  

    Be careful relocating

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Compliance Director  in  Providence, RI
    Former Employee - Compliance Director in Providence, RI

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

    Pros

    Good pay and good co workers.

    Cons

    I was hired to help start futures for retail customers as a Compliance Director and was relocated from Buffalo Grove, IL. to Providence, RI. After 18 months Fidelity decided not to go forward with futures for retail customers and was laid off. Prior to accepting the position I asked HR and the senior managers that I interviewed with if there was any chance that starting futures would fall through. They said that was impossible.I jokingly said I don't want to live in a teepee with my son. I left a good position at Prudential, sold my home and moved for what amounted to the biggest mistake of my life.

    Advice to ManagementAdvice

    Stay true to your word. Severance does not help a life that was detroyed by your actions.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  3. 2 people found this helpful  

    Great people hamstrung by a lack of decisive and visible senior leadership

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

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

    Pros

    Solid pay, decent work-life balance, excellent benefits. The people at Fidelity are smart, friendly and uniformly desire to do the right thing.

    Cons

    Terrible disconnect between senior management and the people below them. Poltiical maneuvering among senior leaders is widespread, a result of C-level unwillingness to set direction clearly or resolve conflicts decisively.

    Company culture is consensus-driven - often from the bottom up in that individuals, groups and teams are left to work things out themselves - and when issues among teams arise that cannot be resolved below the SVP level, they remain unaddressed and left to fester until things get bad enough that someone senior HAS to step in, usually with more fallout than would have been necessary if the problem had been addressed earlier.

    There is a serious blind spot when it comes to recognizing the limits of consensus-building and the fact that leadership by directive is sometimes necessary.

    Advice to ManagementAdvice

    Fidelity does very well in the financial services marketplace, but it would absolutely own that space if it could stop stepping on its own feet. The problem is not how you're communicating to everyone in the organization, it's that you are not leading effectively, and this problem starts with the president of the company. Be visible, be decisive, and set direction - if everything is going to be run by consensus, we don't need you.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
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  5.  

    Overall, one of the best places to work for business or IT

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Smithfield, RI
    Current Employee - Anonymous Employee in Smithfield, RI

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

    Pros

    A privately owned thriving large company that is always trying to improve, not afraid to take risks and grow in new directions. It's essentially a meritocracy so if you are willing to work hard and be flexible you can succeed with it. Industry comparable salary and good benefits, a decent work environment overall.

    Cons

    If you don't like the organizational structure you are working in, just wait 6 months and it will change.

    Advice to ManagementAdvice

    Listen more to ideas coming from the ground up (the company is doing better in this regard, still needs to improve)

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    'Tech Project Manager'

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Project Manager  in  Smithfield, RI
    Former Employee - Project Manager in Smithfield, RI

    I worked at Fidelity Investments full-time for more than 8 years

    Pros

    Support from management is good. They trust their employees.
    Good projects - projects vary and are constantly challenging
    Great workforce - nearly everyone who works for Fidelity is someone you would want on your side.

    Cons

    Lots of red tape
    Big company feel - even for tech side
    Change resistance - Not as open to change as an agile group should be. Agile methodology is in place but not agile mentality in most cases
    Base pay & Grade - lots of emphasis into time at a grade level rather than rewarding performance

    Recommends
    Positive Outlook
    Approves of CEO
  7. 1 person found this helpful  

    Nice People, Limited Growth

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Technical Support Specialist  in  Smithfield, RI
    Current Employee - Technical Support Specialist in Smithfield, RI

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

    Pros

    Nice people. Great 401K match and Profit Sharing plans for retirement.

    Cons

    Difficult to network outside of current business unit if looking for growth in different areas.

    Recommends
    Neutral Outlook
    No opinion of CEO
  8. 3 people found this helpful  

    Large company, friendly people, but lacks driving innovative and new ideas.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Technical Intern  in  Smithfield, RI
    Current Employee - Technical Intern in Smithfield, RI

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

    Pros

    Great place for an intern (for $ reasons); able to many areas of the business and understand how business's generally work. Employees are very friendly and approachable. Possible to work for the business for a long period of time.

    Cons

    Makes you stop and wonder how anything gets done in a company so big and so unwilling to try new things. Slow-moving projects and repetitive workflow (without any impacting results); wouldn't reccommend if you like to see results or are a dedicated hardworker.

    Advice to ManagementAdvice

    Sometimes its not always godo to keep the same people working for you for 10+ year. Fresh ideas and innovation are generated when you introduce new to the old.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9.  

    Product-Institutional Services

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Product Manager  in  Smithfield, RI
    Former Employee - Senior Product Manager in Smithfield, RI

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

    Pros

    Good work environment. Very savvy employees who will go the extra mile for their clients/customers. Work/life balance is present, but as in all walks of life depends on project deadlines and seasonal obligations. Good pay and benefits. Many sub-companies enable opportunity to transfer and learn new components of the financial services industry.

    Cons

    Management-information-gatekeeping by some senior level managers negatively impacts the outcome of projects and can be demoralizing to the team. Some micro-management exists. Where this occurs it is very difficult to complete tasks. Periodic RIF activity to eliminate older, longer service employees.

    Advice to ManagementAdvice

    The growth of multiple layers of management has created a caste system between upper management and working teams. Messaging to executive level management can be manipulated by mid & sr management. Internal review and reflection of management / employee communication could use some education and oversight.

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    From a recent college grad standpoint

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate Software Engineer Developer  in  Smithfield, RI
    Current Employee - Associate Software Engineer Developer in Smithfield, RI

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

    Pros

    Amazing Benefits, talented people, and gives back to community

    Cons

    Might be working on old technlogies, but the company is starting to adopt latest technologies. Co works are relativly in their 40s but starting to see some 25 year old starting.

    Advice to ManagementAdvice

    Do something that makes you stand out

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Good place to work!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President  in  Smithfield, RI
    Former Employee - Vice President in Smithfield, RI

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

    Pros

    Unlimited opportunities in the financial services industry for those who know how to navigate and network effectively. Good benefits, pay and interesting work. If you like a challenge, this is the place to work.

    Cons

    Little appreciation for associate technical and internal knowledge, and the impact to client services, satisfaction and potentially the bottom line.

    Advice to ManagementAdvice

    Lessen red tape leading to project approval.

    Recommends
    Neutral Outlook
    Approves of CEO

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