Fitch Ratings - This place is a joke | Glassdoor
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There are newer employer reviews for Fitch Ratings

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Helpful (7)

"This place is a joke"

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

I have been working at Fitch Ratings full-time (More than a year)

Pros

Relaxed atmosphere. It's your 9 to 5 job. You can pretend you are busy and keep pushing deadlines. Since the senior boss is usually busy planning vacations and eat outs, you can very easily “pretend” to be busy too. Benefits are good. This is only because Fitch Solutions is a part of the Fitch Group

Cons

Dogmatic to the point that “my way or the highway” rules. Old school in every possible way. You will survive if you have a family that you want to go back to, do a few meetings in a day and treat your time at work as a job – not a career. For all those who wanted a career, the “my way or the highway” leaders ensured that the enthusiastic employees left. Any good suggestions that are made are received with a “It is above your pay grade” comment. Come here if you can leave your desire to excel at home.

Zero growth. Really, how can any of the “pros” take you anywhere. No clue where the company is headed and what’s needed to achieve the goals. Well on second thoughts, there are no goals.
In the last one year, in product development alone, over 8 people left the company and none were hired. Not to mention the sales organization where it’s hard to keep a count of the colleagues that have exited.
No new products for the sales to sell. Sales has to push really hard not only to sell the research and content but also educate the market that there exists a company called Fitch Solutions. Despite these flaws the product team wants the organization to believe that Fitch is better than Bloomberg.
HR is present only during the hiring process or during exit interviews. If HR were a more active organization, it could have easily prevented these reviews.

Advice to Management

It’s a shame that the senior management could never see the flaws. If one group has so many people leaving, the flaw cannot be in all the people that have resigned. There is a flaw in the leadership – the person so called “heading” the group
And yes, please stop saying we are better than Bloomberg. Prove it

Other Employee Reviews for Fitch Ratings

  1. Helpful (6)

    "Good work-life balance, pay-scale is notably lower than most comparable positions at other companies/rating agencies."

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

    I have been working at Fitch Ratings full-time (More than 5 years)

    Pros

    Work-life balance; transferable skills; most co-workers are helpful. The company is a place where you can obtain valuable skills and gain significant insight on various sectors in the financial industry, depending on your group focus.

    Cons

    Fitch is still bouncing back after the recent recession, with some groups within the company doing better than others. Relatively low compensation for position/title; work can become monotonous; managers can show favoritism; group communication can be very poor at times. Company is a place where one can become "comfortable" very easily, which can be good and bad. For some, Fitch can pay well and provide career development. For others (most), Fitch can pay "okay" or significantly lower than peers and sometimes provide a sense of stagnation. The experience at Fitch is what you make of it. More ambitious and driven workers would ultimately use experience at Fitch as a stepping stone to more challenging, higher-paying job positions later on in their careers.

    Advice to Management

    Show that you value your employees more through compensation and with better career development. Favoritism and lack of communication can be very frustrating.


  2. Helpful (5)

    "A good weigh station before moving on to a company that values its employees"

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

    Pros

    Reasonable hours, good vacation time, quality research product (albeit with coverage shortcomings)

    Cons

    Senior leaders do not understand the business and consistently rely on consultants to make up for their glaring shortcomings. Consultants similarly do not understand the business.
    Failure to develop new products the market desires leaves sales with nothing new to sell.
    Value and prefer external people over internal. Never promote from within.
    Employees are therefore very unhappy. Many seeking to leave.
    Parent company values analysts and believes sales/relationship managers are interchangeable parts.
    Consistently set unattainable (double digit) growth goals (again, with no new products) that demoralize each team member.
    Cap earnings: If a sales person has a strong year, FitchSolutions will ramp up goal, take away client responsibilities and cut payouts to assure it does not pay this "offending" successful salesman "too much" again.

    Advice to Management

    Clean house and bring in new management that understands the business.

There are newer employer reviews for Fitch Ratings
There are newer employer reviews for Fitch Ratings

See Most Recent

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