Fidelity Investments - Great pay but employees not valued in layoffs | Glassdoor
There are newer employer reviews for Fidelity Investments
There are newer employer reviews for Fidelity Investments

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"Great pay but employees not valued in layoffs"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Principal Software Engineer in Smithfield, RI
Former Employee - Principal Software Engineer in Smithfield, RI
Recommends
Negative Outlook
Approves of CEO

I worked at Fidelity Investments full-time (More than 5 years)

Pros

Great pay and benefits, very easy to get to and a commute you can really be thankful for. They spend money on technology where needed and help you get your job done.

Cons

Who in management knows about you and what you do is somewhat luck when new mangers are always coming in. The review system is awkward and can't possibly reflect your achievements correctly.

Advice to Management

Revamp your review systems so you know who really does what and who to keep or let go during layoffs, which have been frequent, deep, and wide at Fidelity.

Other Employee Reviews for Fidelity Investments

  1. "Good experience"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - N/A in Boston, MA
    Former Contractor - N/A in Boston, MA
    Recommends
    No opinion of CEO

    I worked at Fidelity Investments as a contractor (More than 10 years)

    Pros

    Great people and okay salary

    Cons

    Departments seem to always be moving out of state. (To Texas, RI, OH, etc.) Bad for job security.

    Advice to Management

    Stop moving jobs out of state.


  2. Helpful (5)

    "Working in IT at Fidelity will be the death of your career if you are a true Tech Person"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Software Engineer in Boston, MA
    Former Employee - Senior Software Engineer in Boston, MA
    Doesn't Recommend
    Neutral Outlook

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

    Pros

    Generally competitive salaries and good benefits. If you are very good with Technology no one is likely to ask questions as they wouldn't want to reveal how little they know themselves.

    Cons

    Fidelity is very political and top heavy. Over 25% of IT people have titles of Director or above, however this is not because of ability, it is because it is the only way Fidelity can retain staff. These people would not cut it at technology companies where engineering and merit are central.

    In order to accomplish anything at Fidelity, you must have countless meeting with many groups of people, most of whom will not understand any technical aspects of the discussion. Instead decision makers will rely on people with inflated titles whom they believe to be technical gurus, but who are simply the best at appearances and politics.

    Fidelity is extremely title, appearance, and politics conscious. Your actual ability to innovate, be creative, or lead is secondary to these factors. If you are a true lover of technology who wants to learn and grow, then you should make every effort to join a proper technology company. Avoid Fidelity at all costs.
    It


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

See Most Recent

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