Fidelity Investments - Fidelity is a great company with low compensation | Glassdoor
There are newer employer reviews for Fidelity Investments
There are newer employer reviews for Fidelity Investments

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Helpful (2)

"Fidelity is a great company with low compensation"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Fund Accounting Analyst in Westlake, TX
Current Employee - Fund Accounting Analyst in Westlake, TX
Recommends
Positive Outlook
Approves of CEO

I have been working at Fidelity Investments full-time (More than a year)

Pros

Easy work hours and young employees makes the job fun and relaxed.

Cons

We are not paid enough for the industry and the work is very mundane

Other Employee Reviews for Fidelity Investments

  1. Helpful (1)

    "Mobility is the biggest benefit to Fidelity!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Covington, KY
    Former Employee - Anonymous Employee in Covington, KY
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Fidelity Investments full-time (More than 8 years)

    Pros

    It is unlikely that you'll ever get bored in a role at Fidelity. However, if you do get bored or feel like you need a new challenge, Fidelity is usually able to accommodate! Along with mobility, you get experience, and with experience you become more valuable to the company. Fidelity is very good about allowing its employees to gain other experience.

    Cons

    The company is very numbers-driven so, with that said, it should come as no shock that meeting and exceeding rigid quotas is of utmost importance...to the point where quality is sacrificed just to 'crank out the numbers.'

    Advice to Management

    There should be a better balance between quality and quantity. That is the age-old controversy but it is something that needs to be confronted head-on. Customers and employees ultimately lose when numbers are given more importance than quality. Quality will retain customers and hard-working employees.


  2. Helpful (2)

    "Great benefits, good starting pay, great training program, decent incentives..."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Services Representative in Salt Lake City, UT
    Former Employee - Financial Services Representative in Salt Lake City, UT
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Fidelity Investments full-time (More than a year)

    Pros

    Company fully trains and pays for you to get your financial licenses. Great health benefits. Company 401k match and profit share is good. Products and services offered by firm are great for customers. Offers tuition reimbursement and gym reimbursements. There are several different positions on the same level to move to within phone sites.

    Cons

    Micromanagement - clock in and out for your scheduled breaks - metrics to make sure you follow this exactly as planed.
    Bonuses are based off of customer surveys of your entire team (not individually) you get % based off phone metrics.
    Metrics are not designed for you to keep the customers interest in mind (ex: if you have to call back to a customer - break between calls to finish a project or do some research for a customers issue - your metrics take a hit).
    You get 3 calls/month monitored and graded on if you said what your manager wanted you to say (can be a little childish at times and not a good measurement 3/500 calls graded)
    Days you will take 60-70 phone calls a day for 8-10hrs (cant focus on customers individually - turn and burn).
    Branch employees are viewed as more valuable to the company and are told to "dump" issues to phone centers (they do not know how to complete any processes for clients).
    Limited movement: most managers in current roles have been there for 10-20 years with no position to move higher into.
    Pay is lower then other financial firms in the same market.

    Advice to Management

    More positive reinforcement and support for your employees. Provide more opportunity to move horizontally across the firm, rather then laterally. Take away meaningless metrics -we're all adults especially in a licensed financial setting. The better focus you give on making your employees happy the better results you have in higher customer service output.

There are newer employer reviews for Fidelity Investments
There are newer employer reviews for Fidelity Investments

See Most Recent

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