Fidelity Investments - A great experience if you are willing to sell your soul | Glassdoor
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There are newer employer reviews for Fidelity Investments

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Helpful (2)

"A great experience if you are willing to sell your soul"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Anonymous Employee
Former Employee - Anonymous Employee
Doesn't Recommend
Negative Outlook
No opinion of CEO

I worked at Fidelity Investments full-time (More than 10 years)

Pros

Fantastic learning opportunities. Lots of training opportunities. Superb on the job experiences. Great systems and infrastructure. Plenty of very smart people (though not everyone). Like any place, you can always find good decent people whom you will become friends with. There is so much that the company invests in to support its growth, its customers and its employees. A very dynamic company, in many cases cutting edge in its industry. Very good pay for most people - in some cases, truly outstanding pay. And great benefits for everyone.

Cons

The culture is insidious. Terribly dysfunctional, paricularly the more senior you become. Its simply not about how well you do your job - many people have realized that doing well and being rewarded is as much about making the other person look bad to make you look better. If getting ahead for you means throwing your co-worker under the bus, then this is the place for you. Its such a shame, because the company could be so great, but the culture of fear is simply gripping the place so that people are terrified, yet in many cases they are paid so well that they are equally afraid to leave. Someone who left once told me that working there was like being in an abusive relationship - and you don't realize it until after you have left. So many examples of people who on one day are viewed as superstars, and the next day they are suddenly viewed at the bottom of the heap - in many cases this happens when their manager leaves, and the former manager loved them, but the new manager doesn't value them and wants them gone. So, you come to realize that the ball can drop on you at any moment. I remember one executive saying, verbatim, "we all have a bullet with our name on it, and its only a matter of time until it hits you." Senior management used to be very inspiring years ago, but no longer - it really changed for the worse around 2008 and from what I saw and continue to hear, it keeps going in the wrong direction.

Advice to Management

Get rid of your forced distribution performance system. You say you don't have it, but that is not true. Reward true merit, at all levels, period. Figure out a way to re-introduce the value of true integrity in your managers, support those who uphold it, and stop rewarding those who don't. Most importantly, stop rewarding managers who make their bosses look good and do good work but step on others and create harm for others along the way. All of this is going to be very hard for you to do because it will mean re-inventing your culture.

Other Employee Reviews for Fidelity Investments

  1. "Great company to start- plenty of ways to move around."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Analyst
    Former Employee - Financial Analyst
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    work/life balance, benefits & culture. It' a great company to start your career in a financial industry. It's also a private company, you do not have to worry about being laid off because the company's stock tanked.

    Cons

    pay is horrible- it felt like a battle to get more than 5% bonuses. All of the important roles are (upper management/decision making roles) and will always be in Boston. Jobs are relocating to NH, TX, or RI.


  2. "Experience varies greatly with different groups, overall a sweat shop"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Fidelity Investments full-time (More than 8 years)

    Pros

    Good exposure and opportunities to learn in the Financial Industry. Fidelity is extremely dedicated to it's customers.

    Cons

    Staffing reductions and off-shoring combined with constant reorganization and relocations make employment very precarious unless you're willing to up and move to Raleigh or Dallas. SME experience is undervalued. Bureaucratic and dilbert-like.

    Advice to Management

    Realize that you have a serious credibility challenge with your employees. Apply the same integrity, honesty, and other values you expect of your employees to them, and you'll be more likely to get the same in return.

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

See Most Recent

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