Fisher Investments - Absolutely, Positively, the WORST JOB EVER | Glassdoor

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There are newer employer reviews for Fisher Investments

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Helpful (17)

"Absolutely, Positively, the WORST JOB EVER"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Associate in San Mateo, CA
Former Employee - Associate in San Mateo, CA
Doesn't Recommend
Negative Outlook
Disapproves of CEO

I worked at Fisher Investments full-time (Less than a year)

Pros

Most of the people at this place of work are very nice and friendly people. The healthcare benefits are all employer paid, and they have truly stupendous vision benefits. At the end of the day, when you leave this firm, you will have realized you are much stronger than you thought you were, and you will have survived one of the worst experiences ever.

Cons

Work hours are insane, they demand a 50 hr week and demand that employees report at 7AM. They also factor in the overtime that they are legally required to pay you into your base salary, so the average hourly amount you earn is ridiculously low. There is no eye to specialization of role, so if you are working in a department or role where you would make more because of the focus you have, at Fisher they would just consider you an entry-level associate and pay you the same as an entry-level doc processing client services associate. They have no adherence to industry averages for salary, it is quite possible that you will be receiving about 20K-30K less than your peers in similar roles at different companies and doing about 3x-4x more work.

The way the company presents itself to the outside world is a haphazard mess, they get employees because people are desperate for work or just out of college. Then they trap them at the job by demanding so much that the employee quickly becomes over-exhausted and over-stressed, and does not have the time to breathe let alone look for an escape route. Also, they require you to be at the firm for 3 years in order to fully vest in their 401(k) plan, so lots of turnover happens at the end of year three.

There are one or two good managers, but they usually leave once they can take no more of the ever-present constant stream of utter BS. Most managers are micro-managers with no rhyme or reason to what they are doing or chaotic disorganized messes who are as hamstrung by the senseless instructions coming down from the top.
Most employees who you befriend will feel the same level of utter hopelessness that you do. Panic attacks and dreading going to work are not uncommon occurrences.

People get thrown under the bus all the time. There is literally no logic to the way that the firm operates. A tremendous amount of effort is placed on teaching new employees the "Fisher Way" and about the "Fisher Difference" - another term for these sessions is brainwashing. The only way to survive is to drink the koolaid and buy into the crap that permeates every level. But if you have half a brain it is impossible to do that.

Advice to Management

This is a company that caters to the whims of its founder, it has no shelf-life or potential to expand its presence after that founder decides to leave. The staggering number of people that have a negative view or complain about this company should be taken into consideration. If the actually profitable arm of your company that pulls in the big figure clients cannot stand the way that the firm presents itself in other channels then its time to take that into account. Clean up your messaging, and how you present yourself, and get into the 21st century. Pay your people more, let them have more flexibility and maybe you won't burn out so many capable and intelligent employees.

Other Employee Reviews for Fisher Investments

  1. Helpful (6)

    "It pays to be liked"

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

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

    Pros

    Excellent pay considering you can learn everything you need to know internally. Weekends off, some paid holidays, and free benefits. You will learn a lot about the stack market if you are interested and if you're not interested that's ok too, but those interested seem to be the most successful.

    Cons

    You will not get promoted if your manager doesn't recommend you. The sad part is the reasons don't need to be based on merits which is the companies claim to fame! You will see those less qualified get promoted before you based on likability.


  2. "Great learning opportunity"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Counselor in San Mateo, CA
    Current Employee - Investment Counselor in San Mateo, CA
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Fisher Investments full-time

    Pros

    Great learning opportunity, good bunch of people

    Cons

    Tenure over ability seems to determine pay

There are newer employer reviews for Fisher Investments
There are newer employer reviews for Fisher Investments

See Most Recent

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