Working at Fitch Ratings | Glassdoor

Fitch Ratings Overview

New York, NY
1001 to 5000 employees
1913
Subsidiary or Business Segment
Financial Analytics & Research
$100 to $500 million (USD) per year
Fitch Ratings is a leading provider of credit ratings, commentary and research. Dedicated to providing value beyond the rating through independent and prospective credit opinions, Fitch Ratings offers global perspectives shaped by strong local market experience and credit market ... Read more

Company Updates

  • Hearst President & CEO Steven R. Swartz Letter to Employees on Hearst's 2017 Performance: http://glassdoor.com/slink.htm?key=vQ2ru

    "Our biggest majority-owned business, Fitch Group, led the way with an outstanding performance across the world, particularly in its core bond ratings business."

    "Fitch, led so well by CEO Paul Taylor, recorded record revenue and profit and grew market share in its core ratings business thanks to continued investment in strengthening its outstanding fundamental credit research and analysis. The global bond market was incredibly healthy in 2017. Investors’ strong desire for fixed income assets helped keep interest yields low, making it very attractive for companies around the world to issue more debt and more of that debt than ever carried a paid Fitch rating. At our Fitch Ratings unit, we named longtime executives Ian Linnell president, Karen Skinner chief operating officer and Brett Hemsley chief analytical officer."

    Hearst President & CEO Steven R. Swartz Letter to Employees on Hearst's 2017 Performance

    Dear Colleagues: Hearst achieved record profits for the seventh straight year, as our efforts to build and acquire great companies in the business data and software sector helped overcome a tough year for many of our consumer media franchises.

  • http://glassdoor.com/slink.htm?key=vQzw2

    Fitch Group Becomes a Wholly-Owned Hearst Business

    Hearst Acquires Remaining 20 Percent Equity Interest in Leading Global Financial Information Services Company NEW YORK, April 12, 2018 - Hearst announced today that it has purchased from Fimalac S.A. an additional 20 percent interest in global financial information services company Fitch Group, bringing Hearst's equity interest to 100 percent.

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Fitch Ratings – Why Work For Us?


Fitch Ratings is a leading provider of credit ratings, commentary and research. Dedicated to providing value beyond the rating through independent and prospective credit opinions, Fitch Ratings offers global perspectives shaped by strong local market experience and credit market expertise. The additional context, perspective and insights we provide help investors to make important credit judgments with confidence.

Fitch Group is a global leader in financial information services with operations in more than 30 countries. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research; Fitch Solutions, a leading provider of credit market data, analytical tools and risk services; and Fitch Learning, a preeminent training and professional development firm. With dual headquarters in London and New York, Fitch Group is owned by Hearst.


 Business Areas 

"Our business is not about being the biggest; it’s about being the best. As a professional services company, our continuing success is dependent upon our people, and our ability to leverage the value of a more diverse workforce." - Ian Linnell, President of Fitch Ratings.
 

  • Financial Institutions - Fitch has long been the industry leader in the financial institutions sector, providing more ratings worldwide than any other rating agency – on over 3,500 entities and their securities. Fitch’s financial institutions’ coverage includes not only banks, but also finance and leasing companies, securities firms and asset management organizations. In addition, the group supports dedicated teams for rating specialized securities such as covered bonds.
     
  • Structured Finance - Fitch currently rates Structured Finance transactions across four main asset classes: Asset Backed SecuritiesResidential Mortgage Backed SecuritiesCommercial Mortgage Backed Securities and Structured Credit. We are committed to bringing our legacy of transparency and openness to bear in all areas of the structured finance market. We have developed new investor-focused surveillance tools and enhanced our existing offerings to ensure that a security’s risk is clearly identified and that our opinions continue to be objective and forward-looking. In the complex field of global securitization, Fitch Ratings explores every angle of a transaction so that investors have the additional insight and context necessary to make timely and informed business decisions.
     
  • Corporates - The Fitch Ratings Corporates group provides public and private ratings on companies and their debt instruments, including — bank loans, senior and subordinated debt, commercial paper and preferred stock. The group's analytical methodology addresses the legal, regulatory and market environments in over 100 countries in which Fitch Ratings operates, with particular emphasis on debt structure. Our Corporates analysts continually expand and deepen their research, combining industry expertise with the finest analytical tools to offer well-informed and timely judgments.
     
  • International Public Finance & US Public Finance - Fitch Ratings’ International and US Public Finance teams cover the rating of Local and Regional Governments and Public Entities worldwide. The credit analysis approach is based on an assessment of the relationship between different tiers of government captured in the institutional framework, a number of qualitative and quantitative factors and the link between the LRG and the sovereign. In addition to Local and Regional Governments our coverage includes public entities in sectors such social housing, higher education, specialized financial vehicles, health care and public transportation as well as any entity that has a public policy mission.
     
  • Infrastructure & Project Finance - Fitch's Global Infrastructure and Project Finance Group is responsible for the credit ratings of debt related to infrastructure assets mainly in the transportation, energy, and social infrastructure sectors. The portfolio includes public ratings and private credit opinions covering a variety of transaction types (project finance, corporate finance and structured finance). The assets include airports, toll roads, ports, rail infrastructure, power plants, oil and gas facilities, wind and solar parks, schools and hospitals.
     
  • Sovereigns - The Fitch Ratings Sovereigns Group provides credit research and opinion on more than 100 countries, and assigns ratings to the foreign and local currency debt of sovereign governments that account for virtually all of sovereign international debt issuance.
     
  • Insurance - With coverage across all areas of the insurance market including life, non-life, and reinsurance, our analysts apply an open and balanced approach to credit assessment. Leveraging industry data and well-tested credit metrics, our analytical process is supported by a careful mix of quantitative and qualitative factors. Our global insurance team transforms data into actionable opinions that help investors confidently evaluate risk. The firm also provides financial strength and debt ratings for more than 2,500 insurance companies globally.

A Fitch Ratings analyst position - whether during the summer or as a graduate - gives you a unique opportunity to learn what it is like to be a credit ratings analyst.

Our analysts learn early in their Fitch careers what it is like to have access – to sit across the table from a Fortune 100 CEO, a Portfolio Manager or a Minister of Finance.

They also learn what it’s like to have access and interact with people in all areas of Fitch – right up to senior management. These interactions don’t just happen by chance – they are a vital part of the Fitch experience.

Here's what some of our former Summer Analysts have said about their experience:

  • “One of the most fulfilling things about the past 8 weeks is that I am exposed to something new every day. Regardless of what task I’m doing, I’m always coming across a new term or a new concept I can learn about.”
  • “People appreciate creativity on assignments. Don’t be afraid to do things your own, unique way.” 
  • “One of the central themes of orientation week was the importance of questioning assumptions. Not only is that something I’ve tried to keep in mind throughout the summer, but it’s also a key idea that I plan to take back to school with me.”
  • “The theme to my experience at Fitch is learning. Both teams I have worked with, FI and CMBS, have been incredibly welcoming and supportive in all my efforts.”

Summer Analyst

Our Summer Analyst program is being offered in our London, Chicago and New York offices.

This is a ten week program for current university students who will be graduating the following year. You’ll receive the exposure and foundational credit and analytical training that will provide an inside view that will help make longer term career decisions and will start building a foundation for your future professional development.

Summer Analysts will have the unique opportunity to experience working within two of Fitch's business groups or sectors. After a first week of dedicated training programs, you will be assigned two different month-long rotations during which you will participate in the day-to-day work of those particular ratings groups.

You will be assigned a mentor who will facilitate your learning and make sure that the projects you work on will give you a clear idea of the work we do. A key component of the internship will be a facilitated ratings project applied to a not-for-profit context. 

Summer Analysts may be invited back to join Fitch's Associate Analyst program after graduation.


Associate Analyst

As university graduates, Associate Analysts have the opportunity to build on prior work experience – either as a Fitch Ratings summer analyst or as an intern elsewhere in financial services or related industries. The AA program lasts up to twelve months, and offers a combination of structured training that is designed specifically to provide a broad analytical perspective as well as a deeper dive in the specific working of our various product groups, and on-the-job learning experience.

Associate Analysts are assigned to a specific Fitch product group and have job responsibilities that fully integrate them into the credit rating process. The Associate Analyst Program is a great launching pad for a successful career at Fitch Ratings.


Associate Analyst Curriculum

The year-long FCA Associate Analyst training program offers a foundation of learning and experience that set our AA's off in their careers at Fitch. The customized AA curriculum is organized into four learning categories: 

  • Business of a rating agency;
  • Key concepts of credit and rating analysis; 
  • Business applications; and 
  • Business skills that support analytical success. 

Within each of these categories, FCA offers a combination of classroom and web-based training. This formal training is then supported by on-the-job learning facilitated by the AA's managers and mentors. Most of the courses in the curriculum are applicable to all Associate Analysts, but there are a some topics that are specific to the AA's specific business group.


Application Process

Our application process gives you the opportunity to explore our different groups and identify what interests you. It gives us the opportunity to assess what placements are most suitable. Although we make every effort to offer you your preferred choice, this may not always be possible; rest assured we will make decisions to best position you for success.

 


Apply


SUMMER ANALYST

For candidates currently pursuing a college or university degree in the penultimate year of study.

ASSOCIATE ANALYST

For candidates in the last year of college, university or graduate study.

 
 

Fitch Management Academy is a customized training program designed specifically for Fitch managers and ascending leaders.  The program is multi-leveled, and covers core management skills, experiential leadership programming and on demand resources that support our managers within an increasingly complex environment.As we strive to achieve our strategic objectives through day-to-day embodiment of our core values, it is essential that our approach to work is underpinned by sound management practices.  We are therefore committed to providing our managers with high impact management and leadership development opportunities.Fitch’s most important asset is our people, and this robust training program is just another example of our commitment to invest in our workforce.

Competitive Benefits   

Competitive Benefits depending on location and employment status, Fitch Ratings employees are eligible for the following benefits:    

Medical: Employees have two medical plan options. Eligibility takes effect on the employee’s first day of employment, and bi-weekly contributions are taken out on a pre-tax basis.  

Dental: Plan offers coverage for both in- and out-of-network dental professionals.  

Vision: Plan provides access to quality vision care using in- or out-of-network providers.  

Domestic Partner Benefits: Coverage includes same-sex domestic partners for medical, dental and vision benefits.  

Life Insurance: Coverage includes an employer-paid life insurance policy, with supplemental life insurance also available.  

Short- and Long-Term Disability: Coverage includes an employer-paid short- and long-term disability plan.  

Flexible Spending Accounts: Employees can make Federal tax-free contributions for dependent care, health, and commuter expenses up to the maximum stated for each plan.  

401 (k) Plan: Employees 21 years of age and older are eligible to participate in the Fitch 401(k) Plan following 6 months of service.  

Back-Up Childcare: Available at convenient locations, at a small cost to employees, for infants through school-aged children. This program is intended to supplement employees’ child-care coverage when regular arrangements aren’t available.  

Vacation: Based on the position, employee level, and length of service.  

Training: Analysts are strongly encouraged to fulfill 18 hours of training and are provided a comprehensive internal training curriculum with courses available on-site, online and through web and telephone conference.  

Tuition Reimbursement and Professional Certifications: Employees may attend off-site seminars and participate in exams to obtain a certification or designation. Full-time employees are also eligible for tuition reimbursement on completion of one year of employment.  

Matching Gifts: Fitch Ratings financially supports its employees and their contributions to worthy causes.  

Gym Membership: Fitch Ratings offers a subsidized gym membership to employees at convenient locations to help support a healthy life balance.  

Company Sponsored Sports Teams: Fitch Ratings sponsors several employee-organized sporting teams throughout the year.  

Employee Assistance Program: Fitch Ratings offers advice, referrals, and information that can help employees save time, relieve stress, and balance work and family obligations.  

Fitch Ratings Reviews

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Fitch Ratings President and CEO Paul Taylor
Paul Taylor
123 Ratings
  • Featured Review

    Helpful (1)

    "Great work life balance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in New York, NY
    Current Employee - Analyst in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Fitch Ratings full-time (More than 3 years)

    Pros

    Work life balance is some of the best in the business. As a credit rating agency, Fitch is often the most conservative compared to its competitors (Moody's, S&P). Because of this, investors value Fitch's work quality above the others

    Cons

    Salary is average to slightly below average for the industry at the analyst level.

    Advice to Management

    Invest in more process improvements and technology improvements

See All 405 Reviews

Fitch Ratings Photos

Fitch Ratings photo of: Fitch's 2018 Credit Outlook Conference in London, 16 Jan
Fitch Ratings photo of: Fitch Ratings - Lobby
Fitch Ratings photo of: Fitch's 2018 Credit Outlook Conference in London, 16 Jan
Fitch Ratings photo of: Fitch's 2018 Credit Outlook Conference in London, 16 Jan
Fitch Ratings photo of: A post-employee town hall photo of the speakers in Chicago (Head of Business Relationship Management, Mark Oline, on right)
Fitch Ratings photo of: A post-employee town hall photo of the speakers in NYC (Fitch Ratings' President, Ian Linnell, 2nd from left; COO Karen Skinner, 3rd from left, Analytical Head Brett Hemsley, first on right)
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Fitch Ratings Interviews

Experience

Experience
55%
25%
20%

Getting an Interview

Getting an Interview
54%
13%
12%
12
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2

Difficulty

3.0
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  1. Featured Interview

    Helpful (11)  

    Analyst Interview

    Anonymous Employee in New York, NY
    Accepted Offer
    Positive Experience
    Average Interview

    Application

    I applied online. The process took 3 weeks. I interviewed at Fitch Ratings (New York, NY).

    Interview

    Interview process was very quick. Consisted of a 5 hour long interview where I met various members of the team I applied to and had two assessments related to the job. One of the assessments consisted of providing an opinion about a fictitious company and writing a one page report on it. The second assessment was specific to the group I was joining.

    Interview Questions

    • How would you analyze a company's ability to meet its obligations?   1 Answer
See All 140 Interviews

Fitch Ratings Awards & Accolades

  • Best Rating Agency for Islamic Finance, The Asset, 2017
  • Public Finance Rating Agency of the Year 2015, 2016, 2017, The Asset, 2017
  • Financial Institutions Rating Agency of the Year 2015, 2016, 2017, The Asset, 2017
  • Corporate Rating Agency of the Year 2015, 2016, 2017, The Asset, 2017
  • Best Rating Agency for Emerging Market Bonds - 1st Place, Global Capital Bond Awards, 2017
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