Fitch Ratings
3.1 of 5 97 reviews
www.fitchratings.com New York, NY 1000 to 5000 Employees

Fitch Ratings Reviews

Updated Jul 10, 2014
Fitch Ratings – London – “Main office”

All Employees Current Employees Only

3.1 97 reviews

                             

47% Approve of the CEO

Fitch Ratings President & CEO Paul Taylor

Paul Taylor

(17 ratings)

63% of employees recommend this company to a friend
97 Employee Reviews
Relevance Date Rating
in

Review Highlights

Pros:
  • "Work-life balance; transferable skills; most co-workers are helpful"
    in 38 reviews
  • "stable company, clock in, clock out, if you have no ambitions, great place to hang your hat"
    in 7 reviews
Cons:
  • "Senior management does not effectively communicate strategic goals of the company"
    in 15 reviews
  • "That work-life balance thing that other people mention on this board"
    in 3 reviews
  • Show more review highlights

Reviews

    • Culture & Values
           
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    • No Opinion of CEO

     

    My time with Fitch Ratings has been a very pleasant experience

    Administrator (Current Employee)
    New York, NY

    Prosgreat work-life balance
    good work environment
    the employees are freindly and a pleasure to work with

    ConsI would like to be compensated a litttle more
    There can be lulls in terms of amount of work so you might not have a lot to do

    Yes, I would recommend this company to a friend

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    1 person found this helpful  

    Good work life balance

    Anonymous Employee (Current Employee)

    ProsLaid back environment. Family-oriented. Good work life balance. Pay is decent. Good start at junior level or one thats looking to escape high demands of investment banking.

    ConsPolitics, Need better IT, Need better business processes.

    Advice to Senior ManagementStop playing favorite. Base rewards and opportunities on merit not appearance.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    1 person found this helpful  

    great company and benefits

    Anonymous Employee (Current Employee)

    Prosvery secured job, great job satisfaction

    Conssome departments are not flexiblewith work-life balance

    Yes, I would recommend this company to a friend

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    • Culture & Values
           
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    2 people found this helpful  

    Be careful who you work for

    Director (Former Employee)

    ProsGood learning experience and work life balance. Interesting work and opportunity to travel. You can make great networking connections. Many employees stay a long time.

    ConsWhile most managers are fine, there are some that are toxic and tolerated by executive management. Those analysts who are with good managers end up staying a long time and doing well. Those with toxic managers end up wondering why they came to work here.

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    3 people found this helpful  

    Good work-life balance, pay-scale is notably lower than most comparable positions at other companies/rating agencies.

    Director (Current Employee)
    New York, NY

    ProsWork-life balance; transferable skills; most co-workers are helpful. The company is a place where you can obtain valuable skills and gain significant insight on various sectors in the financial industry, depending on your group focus.

    ConsFitch is still bouncing back after the recent recession, with some groups within the company doing better than others. Relatively low compensation for position/title; work can become monotonous; managers can show favoritism; group communication can be very poor at times. Company is a place where one can become "comfortable" very easily, which can be good and bad. For some, Fitch can pay well and provide career development. For others (most), Fitch can pay "okay" or significantly lower than peers and sometimes provide a sense of stagnation. The experience at Fitch is what you make of it. More ambitious and driven workers would ultimately use experience at Fitch as a stepping stone to more challenging, higher-paying job positions later on in their careers.

    Advice to Senior ManagementShow that you value your employees more through compensation and with better career development. Favoritism and lack of communication can be very frustrating.

    Yes, I would recommend this company to a friend

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    Solid place on the up and up.

    Anonymous Employee (Current Employee)

    ProsGood people to work with, nice life work balance.

    ConsCompensation could be better then it has been.

    Yes, I would recommend this company to a friend

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    3 people found this helpful  

    Leaving was one of the best decisions ever.

    Anonymous Employee (Former Employee)

    ProsSome co-workers are really driven to succeed.

    There is free soda in the kitchens.

    ConsApathetic management makes it easy for incompetent co-workers to skirt company rules.

    Human Resources doesn't take complaints seriously.

    Support employees would double and triple workloads, but would not be fairly compensated through raises and bonuses.

     Employees openly mock and complain about the company in social media.

    There are zero advancement opportunities if you aren't an analyst.

    Advice to Senior ManagementI spoke to upper management. They didn't listen to me then, so I doubt they'd take my advice now.

    No, I would not recommend this company to a friend

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    3 people found this helpful  

    evil cliques, awful politics

    Anonymous Employee (Former Employee)

    Prosgood job experience, and good work life balance

    Consthe place is filled with bullies who will stab you in the back to make themselves look good.

    Advice to Senior Managementvalue your performers well instead of the kiss ups

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    4 people found this helpful  

    good start... but soon a bitter dissappointment

    Associate Director (Former Employee)

    ProsRelatively relaxed atmosphere.
    Human-sized organization.
    Possibility to travel to HQ offices to meet colleagues in person.
    Holidays allowance

    ConsI can only speak about structured finance...
    Politics ruled. You could be bullied behind the scenes if you stood in the way of some managers.
    People (incl managers) rewarded according to politics, despite incompetence.
    Lack of access to top senior management.
    Compensation probably the worst in the sector, and if you complain their approach is make you feel you don't deserve more.

    Advice to Senior ManagementClean up company of people that achieved manager level just because they started in the good ol times. Do 360 reviews....given the promotion process is flawed, don't listen people only based on their job title .... until when I left managers would report about their own performance as a manager to their bosses without any input from staff under his management...

    No, I would not recommend this company to a friend

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    6 people found this helpful  

    Going downhill - fast!

    Senior Director (Current Employee)

    ProsGood opportunities to hone analytical skills
    Opportunities to work with international staff
    Most (but not all) of the analytical staff are generally easy to work with

    ConsThe company appears to be trying to push mid-range staff (Directors and Senior Directors) out the door
    Although the environment is research-oriented, all staff, other than Managing Directors (of course) are being moved out of offices or cubicles to something akin to a trading desk (so long confidential treatment of info)
    When people on this board say that compensation isn't great, here's what they mean - raises over the past two years have averaged 2% annually, less than the rate of inflation, so yes, in real dollars, employees are being paid less today than they were two years ago
    While employees are being paid less, the workload is growing. That work-life balance thing that other people mention on this board? Yeah, that is increasingly a thing of the past.
    I should say that work-life balance is a thing of the past unless you are a Managing Director, in which case you arrive at 8:05 and leave by 3:50. Most Managing Directors don't have analytical responsibility - but soon they will be the only people not working on a shared desk!
    And don't get me started on the regulatory environment. While management state that they want Fitch to be a research shop with a rating agency attached, the governments of the world seem to think otherwise. Senior analysts are increasingly jammed between the regulators' requirements around rating reviews and management's demands for more research. - And yes, remember, our pay isn't keeping up with inflation.

    Advice to Senior ManagementFitch USED to be a great place to work. Increasingly, though, management appears to be trying to see how far they can push the employees before they leave. Confidentially, there are many, even some Managing Directors, who think the company is trying to push people out the door to cut costs. It may be because Fimilac is trying to sell its remaining 50% stake in the company to Hearst (a higher valuation will get Marc more money), or it may be simply because senior management have stock units and their trying to pump the value. No people below the Managing Director level do not have stock units.

    For years, Fitch was trying to distinguish itself from Moody's and S&P through the quality of its research. Based on how management is treating employees now, it appears that objective has now been replaced with simply trying to cut costs. Management is likely to have a rude awakening soon when their top analysts all leave for greener pastures.

    Stop nickel and diming the top analytical staff, treat them with respect and proper compensation, and, if nothing else, if you want to cut costs, get rid of some of that dead weight at the MD level.

    No, I would not recommend this company to a friend

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Glassdoor is your free inside look at Fitch Ratings reviews and ratings — including employee satisfaction and approval rating for Fitch Ratings CEO Paul Taylor . All 97 reviews posted anonymously by Fitch Ratings employees.