Fisher Investments Employee Reviews about "50 hour work"

Updated Jun 14, 2020

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3.5
58%
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74%
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Fisher Investments Chief Executive Officer Damian Ornani (no image)
Damian Ornani
165 Ratings
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Reviews about "50 hour work"

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  1. "Good fit for bright, motivated people"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee in San Mateo, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Fisher Investments full-time for more than 8 years

    Pros

    Fast-paced, competitive environment. The company is expanding internationally, which is bringing many new opportunities for career growth. Great benefits, competitive compensation, and a healthy 401k match. You will do well if you are a bright, motivated individual that can deliver tangible results.

    Cons

    Telecommuting generally isn't supported. You are expected to be in the office 40-50 hours per week.

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  2. Helpful (8)

    "Great benefits and earning potential at an even greater personal cost"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Client Service Associate in Camas, WA
    Doesn't Recommend
    Neutral Outlook

    I have been working at Fisher Investments full-time for more than a year

    Pros

    Awesome benefits, and you really do have potential to make a lot of money here. The people you work with and usually your direct manager ends up being awesome. Also lots of room for growth

    Cons

    The fear based culture, 50 hour work week, and lack of action around diversity and inclusion. It feels like senior management is so out of touch with how their employees actually feel.

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  3. Helpful (2)

    "Average Company"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Associate in Camas, WA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Fisher Investments full-time for more than 3 years

    Pros

    Relatively good benefits and training. Highly positive and motivated coworkers

    Cons

    -Long hours (50+ hours a week) -Open office layout -Narrowly defined roles create monotonous work -Bureaucracy and hierarchy stagnates innovation -You MUST drink the Fisher koolaid to succeed

  4. Helpful (10)

    "Borderline Hostile Work Environment, Proceed With Caution"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Associate in Camas, WA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Fisher Investments full-time for more than 3 years

    Pros

    Benefits are great (401k match, paid premiums, good PTO) and so are some of your immediate co-workers (but most of the bonding is because you're miserable). If you truly want to work in wealth management, then this isn't the worst place to be. Otherwise, proceed with extreme caution.

    Cons

    If you want to work at a place where management has no empathy and are highly skilled at micro-managing, then you may actually like working here. You will develop little to no skills that would be transferable anywhere outside of this company. Fisher promotes people based on subjective metrics that are vague versus those who are actually competent and show leadership abilities. If you speak up then you're penalized for not showing a "will do" attitude. Basically, they want you to act like a cog in a machine and never question anything, which hinders innovative thinking. That's why the company is literally run by part-time junior associates, since most of the jobs is pressing a button rather than using any type of brain power. It's all fear-based tactics to make sure you get your work done and associates are always overloaded (even though you work a REQUIRED 50-hour work week, with absolutely NO flexibility unless you're in sales because Fisher treats them like saints). There have been times where I've seen associates crying in the stairwells because of being disrespected so it's not the most psychologically healthy environment to be in.

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  5. Helpful (14)

    "Treat You Like 4th Graders"

    2.0
     

    I have been working at Fisher Investments

    Pros

    Benefits are mostly positive: health insurance is fully covered, 401k match is good but not ‘industry leading’ as they make you believe, just implemented primary caregiver leave which is nice. Pay is decent but many companies have caught up/exceeded Fisher in recent years.

    Cons

    Do yourself a favor and don’t work here. I’ve never witnessed a company that treats its employees more like elementary school kids in my life. Very little flexibility is offered. They are stuck on this archaic mandatory 50 hour work week which is unbelievably flawed and stupid. No one, and I mean no one, needs to be there for 50 hours. The ones that play the game well pretend like they’re busy all the time but the truth is they’re just terribly inefficient with their time. No work from home opportunities. There are a few employees who have the luxury but the CEO needs to sign off! This is just one of many examples of how no employee is trusted to actually make a decision, regardless of high up they may be. Co-workers can be very sneaky and conniving. They’ll go behind your back to your boss the minute they think something is off. God forbid people talk to each other and figure things out. The company has been hiring younger and less experienced (no experience) people into the investment counselor role which creates so many problems throughout the company. Imagine giving a company over $1 million and you’re given a 24 year old recently promoted ops associate as your main point of contact tasked with helping you reach your financial goals. HA! Fisher has also been going through a crisis management experiment due to the founders comments. This has created a lot of internal dissatisfaction amongst both men and women. Women are being asked/forced to vouch for the company and men are being passed over for promotions so the company can fix a problem that never really existed in the first place. Just stay away.

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  6. Helpful (5)

    "Overall great place to work"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Junior Associate in Camas, WA
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Fisher Investments part-time for less than a year

    Pros

    Great full-time pay and benefits.

    Cons

    All full-time positions are a mandatory minimum of 50 hours a week, 10-hour workdays. No diversity in gender, ethnicity, sexuality, religion, and socio-economic background. It is a hetero white man WASP land.

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  7. Helpful (1)

    "Need to fix the hours"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Fisher Investments full-time for more than a year

    Pros

    Making changes, some good development options for people starting their careers.

    Cons

    The mandatory 50 hour work week

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  8. Helpful (24)

    "Good Opportunity with major Drawbacks"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Research Analyst in Camas, WA
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I worked at Fisher Investments full-time for more than 3 years

    Pros

    -Pay is good, especially in the Portland area. If you work hard, track your accomplishments, and present them to management, it's possible to get raises often and be at a comfortable base pay. -Bonuses twice a year reflect both your current work success & the company success. These can be large, which is an easy way to save up large chunks of cash or max out a 401k. -50% match on 401k. That means you can max out each year and Fisher will add an extra $9K to your retirement. That's huge! -Benefits are incredible. You pay $0 out of pocket for premiums (some people pay up to $600/month for this) with excellent vision, dental, and health insurance. Some of the plans even include 12 massages per year. -Unlimited Partial PTO gives a teensy bit of flexibility for daytime appointments or half days on Fridays. -20 days PTO is pretty good, however only 8 or 9 holidays so you need to take PTO on Christmas Eve, NYE, and the Friday after Thanksgiving to live a normal life. -Unless you're a director, you will never work week ends. Though you will be asked to stay late. -In general, the company wants to do good and takes care of their clients. -Career changes. It's possible to switch roles every few years to gain a lot of experience, though it can sometimes just build a scattered resume. -Most employees work hard, care a lot, and are generally great to work with. -Campus is gorgeous with tons of trees & nice places to enjoy lunch outside.

    Cons

    -Mandatory 50 hour work weeks. Such a headache that encourages employees to stretch out work to fill the hours. -Inflexible hours. I worked 7am to 5pm every day. -No remote working allowed at all. Really tough when the hours get really long and you have a family at home to take care of. -Some more tenured employees are overly fascinated by Ken Fisher & it's weird. -Diversity is lacking. IPC is made up of 5 wealthy white males. There are more women in management compared to the industry but still not enough. -No part time work options mean the company loses a lot of women when they start families. (apparently a new 8 week paid maternity leave has been added since I left) -Technology is so painful. Everything is a decade old with no upgrades in the foreseeable future. -Headquarters are in Camas, WA (about 30 mins outside Portland) so the commute isn't ideal but at least it's against traffic. (This review is only for Camas, which has the best culture of any of the offices in my opinion.)

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  9. Helpful (7)

    "A company not worried about employee retention"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Portfolio Management Group 
    Doesn't Recommend
    Disapproves of CEO

    I have been working at Fisher Investments full-time for more than 3 years

    Pros

    The jobs and what is expected of you is clear. After working in an entry level role you can interview in different departments that interest you.

    Cons

    working 50 hours a week at a minimum, usually working 55. They had the opportunity to fix this when they launched a "help us improve" initiative that lasted 1.5 years and employees' BIGGEST want from it was fixing the hours

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  10. Helpful (17)

    "Trying to be a Great Place to Work"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Camas, WA
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Fisher Investments full-time for less than a year

    Pros

    - Above Market pay for professional-level roles in the Portland area. - Employer paid monthly premiums for medical, dental, and vision. - Voluntary supplementary benefits are cheap. - NEW (as of Sept 2018) Primary Parental Caregiver benefit is great; 8 weeks of paid leave. Really shows positive strides in appreciating working parents. - Wonderful, smart, kind, and engaged coworkers. -Partial PTO is unlimited, which is great. It's an honor system, so as long as you don't abuse it, your TL will likely approve it. This is really helpful considering you have a PTO bank, not vacation or sick days separately. -20 days of PTO in the U.S., it's good, not great. -Food trucks onsite 2x per week (you have to pay, but it's nice that they're here).

    Cons

    -50 hour work weeks. This is mandatory for some groups, while other groups only work 40 hour weeks. Burnout is real. -No remote work options. Some roles could be remote, and we have lost current employees to employers with more flexible schedules and work options. - Outdated and highly restrictive IT infrastructure; there's a lot of websites and programs we can't use at work, and working around these restrictions is inefficient. -Poor representation and diversity; not a lot of people of color in roles across the firm, and lack women in sales roles. There are no women or POCs on the IPC.

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Found 32 reviews