Fidessa

  www.fidessa.com
  www.fidessa.com

Fidessa Reviews

Updated October 14, 2014
Updated October 14, 2014
85 Reviews
3.2
85 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Fidessa CEO Chris Aspinwall
Chris Aspinwall
45 Ratings

Review Highlights

Pros
  • Work/life balance is quite reasonable, although this benefit has been losing ground (in 13 reviews)

  • Great people, working environment and work/life balance (in 11 reviews)


Cons
  • middle management can be childish in sales; you must suck up to the right people (in 6 reviews)

  • senior management can be totally clueless about what's actually going on (in 6 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Solid sales organization with top standing in the industry

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

    I have been working at Fidessa full-time (more than 8 years)

    Pros

    - Pays fairly well
    - There's typically lots of loyalty in the Sales group
    - Company stock options
    - Decent benefits
    - fair amount of flexibility with your time; long leash

    Cons

    - middle management can be childish in sales; you must suck up to the right people
    - senior management can be totally clueless about what's actually going on
    - very political environment in sales
    - teams that are supposed to support you in sales can have alternate agendas

    Advice to ManagementAdvice

    Senior management should get involved with what's going on culturally as the moral can be very low due to the cliquish nature of the sales group. Force teams that are supposed to support the Sales team to do that instead of pushing their own agenda.

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

    Do not work here if you want to do software development

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Implementation Specialist in New York, NY
    Former Employee - Implementation Specialist in New York, NY

    I worked at Fidessa full-time (more than an year)

    Pros

    Friendly coworkers
    Nice office views (of outside)

    Cons

    This review is from the point of view of a Service Delivery/Implementation specialist. Your mileage may vary.

    If you have your CS degree and you want to do programming / software development, this is not the place to be, especially an implementation specialist. As a Service Deliver specialist, a CS degree is required, but you will only be working in Tcl (unix scripting language) and EE (a proprietary language), and you will not use anything you learned in college. After 4 years of grueling CS coursework, you'll put that all to use and write a for loop in an outdated language (seriously, the version of Tcl they use is from 97, even though the language has been getting updates with support for more modern features up through 2012). Hey, it not like you were looking forward to using an object oriented language. And for a department that requires you to have a CS degree, the "code" that gets written...well...let's just say you will be raking in the karma from /r/ProgrammingHorror (points if you can find the procedure with the 10+ nested if statements).

    Coworkers are unmotivated to better themselves or the product. Work is more of a "I don't care, I'm getting paid, how can I get this off my plate" attitude. They've pretty much resigned themselves to the fact that this is their job and there's nothing out there that's better for them. If you stay more than a year, odds are you will become like this too.

    Conversations with your Team Lead or Manager will more likely be about why you're late, or why 1 of 20 rollout steps was missed, or why a rollout failed, rather than what cool automation tools can we make, or how can we speed up this script. Speaking of upgrades, you will be talking to clients (even though you're not first line), and they get mad sometimes. Just accept that at some point you will be yelled at.

    If you're into computer science, talking about algorithms, newest languages, then you will have no one to talk to. Someone commented here about how there's no one to look up to for inspiration. That person was wrong. People leave and find awesome dev opportunities elsewhere. They are inspiring.

    Final note about pay. Yes it is low. But to be honest, the work isn't the same level of difficulty as typical software developer jobs out there. It doesn't require the same level of analytical skills to solve problems or create new features as other dev jobs do. You'll basically be writing some if statements to set a flag on an order, or change some configuration setting from YES to NO, or integrate a bunch of files across code lines. How much do you really expect to get paid for that? The boredom is strong there, and most days I would just zone out and start reading random blog entries from Joel Spolsky or Jeff Atwood.

    Advice to ManagementAdvice

    No real advice - the company is too large and slow moving to make any real improvements.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  3.  

    A decent place to work with good people. Behind the tech curve.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Systems Specialist in New York, NY
    Former Employee - Systems Specialist in New York, NY

    I worked at Fidessa full-time (more than an year)

    Pros

    - Nearly all of the people there are great people to work with
    - Although they claim it's stressful, it's a pretty relaxed work environment if you're not in support
    - Type of place where you can take an hour for lunch and no one is going to think twice about it.

    Cons

    - Non-competitive pay
    - Limited upward potential
    - They actively try to enforce non-compete contracts
    - Limited chances to learn and grow as a developer
    - Really far behind the technology curve (they are in deep technical debt)
    - Not often chances to really write new code

    Advice to ManagementAdvice

    - Build a plan to begin refactoring the codebase and to keep up with modern technology
    - Diversify Fidessa corporation's product suite -- products come and go, so it follows that a company built around one product is going to find itself in trouble when that product begins to lose traction in the market

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. 3 people found this helpful  

    RestartProcess FIDESSA COLD

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Systems Specialist in New York, NY
    Current Employee - Systems Specialist in New York, NY

    I have been working at Fidessa full-time (more than an year)

    Pros

    - Great insurance
    - 9-5's are typical
    - Good views

    Cons

    - No upward mobility in the company
    - Repeat: __No__ upward mobility in the company
    - Salary is extremely below competitive standards
    - Salary freezes are common (2 in the past 3 years)
    - Salaries are disproportionately distributed
    - Everybody gets the same bonus % (no reward for working harder)
    - Lots of red-tape / bureaucracy
    - Many scrape by doing the bare minimum
    - Half the company works in a proprietary language and/or TCL
    - No effective/useful management (all of New York only has one person that's a PMP)
    - Boys club mentality (if you aren't British middle-aged married man, you'll hit a glass ceiling)
    - Lots of pride / ego (middle management exist for no apparent reason)
    - Divisions work actively against each other
    - Reviews are regarded as a chore
    - HR people write fake reviews on Glass Door
    - Requirements don't exist, anywhere, for any division
    - Company focuses on over-sell, under-deliver mentality
    - Training is ineffective

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6. 1 person found this helpful  

    Great for Entry Level, Bad for Internal Career Development

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Systems Specialist in New York, NY
    Current Employee - Systems Specialist in New York, NY

    I have been working at Fidessa full-time (more than 3 years)

    Pros

    Fidessa has, as of 2013, the best benefits (healthcare) of any company in NYC. Work culture is good and the employees are almost without fail helpful and easy to work with. As a tech company servicing Wall Street Fidessa is a great way to get your foot into the door of the often chummy world of finance.

    Cons

    Fidessa is changing to move away from its historical focus in the equities space and towards other markets such as derivatives and other markets such as Latin America. This is necessary for its survival but bad for career opportunities for employees who don't have background in the areas the company is focusing in. Fidessa is great at training employees to get high paying jobs at other financial firms but is not so great at giving them internal opportunities for advancement. The pay scale is determined based on other tech companies, not on what financial firms pay so you won't make as much as someone working at one of the big banks. (This is clear due to the frequency with which technical staff at Fidessa are poached away by other firms on Wall Street.)

    Advice to ManagementAdvice

    I think the company is making the right moves to ensure its long term success but I think that not enough is done to keep top performers happy within the company. Institute a discretionary bonus or other merit pay and be willing to spend to keep your best employees around or else you're going to continue to have long term retention problems.

    Recommends
    Neutral Outlook
    No opinion of CEO
  7.  

    No one really wants to be working there.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Implementation Specialist in New York, NY
    Former Employee - Implementation Specialist in New York, NY

    I worked at Fidessa full-time (more than 3 years)

    Pros

    A fantastic place to start out a career in financial IT if you're recently graduating from college or come from a technical background with no financial experience.

    It's not uncommon for people to leave middle of the road technical positions at Fidessa for high paying VP level positions at major banks or hedge funds after a few years.

    An office with some of the most breathtaking views of New York City to be seen.

    Youthful coworkers. The majority of people working here are between the ages of 25 - 30. Very social both in and out of work.

    Cons

    In the last year the company started going through some major changes due to the company dissolving a failed business unit. Lots of people getting shuffled around against their wills. They're having a very difficult time keeping their good people. It's a mix of industry low pay with no promotions or opportunities to grow your career. Most managers have been managers there since the early 00s and they're not going anywhere. It's very cliquish.

    No one really wants to be working there. Ask anyone in the company from the CEO all the way down to the cleaning lady what they want to be doing in five years and not one of them will say working at Fidessa. I found this quite concerning.

    You'll be hard pressed to find anyone inspirational to look up to. Especially at a management level. The company is overflowing with "Project Managers" that no one quite knows what value they add to anything. There's more managers than non-managers. It's a case study in over-management.

    Their day to day workflow is designed for rapid employee turnover. Senior management makes it known that employees are expendable. It's rare that anyone stays focused on anything long enough to be an expert at it. Everyone seems to only know bits and pieces of things. The average length of employment here is between two and three years. This is why they're always hiring.

    Advice to ManagementAdvice

    It's time to take a long hard look at yourselves. Yes you, senior management. You're the problem!

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8.  

    OK company with beautiful office views

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

    I have been working at Fidessa full-time

    Pros

    nice office with good views

    Cons

    not much i can say about cons

    Advice to ManagementAdvice

    people are the most valuable resourse, appreciate those who have been loyal to the company

    Recommends
    Neutral Outlook
    No opinion of CEO
  9.  

    If you're technical, don't expect to learn technology

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

    I have been working at Fidessa full-time (more than 5 years)

    Pros

    - Work/life balance is quite reasonable, although this benefit has been losing ground.
    - To a point, working at Fidessa is a great way to learn the trading business.
    - Benefits are decent.
    - Intelligent people.
    - Fairly stable as a company.

    Cons

    - Pay is consistently 30% below market.
    - Mentorship & useful training material are far & few between.
    - Development technology & tools are always 5 to 8 years behind.
    - No tangible reward for hard work.
    - As a software developer, interesting technical work is far & few between and inhibits one's growth as a developer.

    Advice to ManagementAdvice

    Want good, technical people? It's a combination of pay & interesting technology. Fidessa doesn't offer a compelling argument for either.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10.  

    unprofessional, disorganized, provides poor customer service

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Delivery Manager in New York, NY
    Former Employee - Delivery Manager in New York, NY

    I worked at Fidessa full-time (more than 5 years)

    Pros

    you can sometimes learn about the institutional brokerage industry - but it's up to each individual to make that happen

    Cons

    no clear path for communication
    no clear way to get project work done - poor workflow - only work on projects where people yell the loudest instead of a priority system that makes sense
    no clear path for promotions
    very 'click' oriented - if you've worked there 10 years you're 'in' otherwise you're 'out'
    hard work not rewarded
    bonus structure is small and everyone gets the same thing unless you're in the 'in' group, no matter how hard you worked compared to your peers
    workflow tools do not work
    management is almost non-existent. There is a loose structure in place of people who do not understand how to manage and who aren't trained on how to do so.

    Advice to ManagementAdvice

    bring in a large consulting firm to review the firm top to bottom and bring suggestions on how to run the place. Fidessa has grown from a 'mom and pop' shop to something much larger and needs to be run like a real business. The CEO does not interact with anyone inside or outside the company, just types at the laptop all day, every day. The company needs someone more dynamic and who can interact with senior executives at our client firms as well as set strategy for the firm, not just be the lapdog for whatever the folks in London (corporate) tell him to do. Employ better collaboration and workflow tools. Fidessa is a technology firm and should act like one.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11.  

    Not great for long term career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at Fidessa full-time (more than 5 years)

    Pros

    Good hours - in NY everyone tends to come in by 8:30am and leave by 5pm. Relatively friendly co-workers but the same can't be said for the managers.

    Cons

    Very limited mobility opportunity within the company, salaries are well below market for all positions unless you work in the sales department.

    Doesn't Recommend
    Disapproves of CEO

Work at Fidessa? Share Your Experiences

Fidessa

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.