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Full-timePart-timeGreat work life balance compared to banks (in 123 reviews)
Good work environment, job isn't too difficult as it is an entry level position (in 33 reviews)
Overall, though, work-life balance is very good (in 16 reviews)
Do not pay much, career advancing is limited because senior management does not leave (in 19 reviews)
Helpful (4)
I have been working at Fitch Ratings full-time
Pros
Global company with strong market position, challenging yet supportive environment with plenty of opportunities for international mobility and career advancement
Cons
Work can be stressful, with tight deadlines. Tightly regulated business, resulting in high amount of compliance-related tasks on top of analytical work. Overall, though, work-life balance is very good.
I worked at Fitch Ratings full-time (More than 5 years)
Pros
Great people, tremendous growth, many opportunities to get involved in new projects
Cons
Very high work load at times
Helpful (4)
I worked at Fitch Ratings full-time (More than 5 years)
Pros
People are nice. Downtown location. Working remotely is easy.
Cons
Low pay. Lack of communication. HR is a mess. Short staffed where it matters most. Not enough support. Too top heavy with management. Programs are outdated or not compatible with policy.
Advice to Management
Your support staff should be valued. Communication with changes in policy are not communicated properly. Pay your employees what they deserve, especially when you have a record year. Giving raises that are less than the cost of living increase is an insult to your staff.
Helpful (4)
Pros
Some good people at junior level, with a desire to learn.
Cons
The environment in US Corporate Ratings has declined dramatically over the past few years, attributable to changes in the management team a couple years ago. There is a small "in crowd" and then everyone else (referred to in previous reviews). There have been increased pressures in the everyday working environment and more challenges within the ratings process. For example: the leverage finance business is supposedly an avenue for growth, but proper resources have not been allocated to the business which has led to shortcuts, mistakes in the analytic process and significant business challenges. Some of the corporate rating committees have become forums for senior people to bully analysts and settle scores. Turnover is very high. The most egregious has been in the retail/consumer group which has had more than 50% turnover within the past 6 months (a repeat of what had happened just a couple years earlier), but there has been turnover throughout the US Corporates business: TMT, Healthcare, Energy/Utilities, Industrials etc. within the same time period. Given the high turnover, it is hard to reconcile any positive Glassdoor reviews coming from US Corporate Ratings with this reality. Realize other areas of Fitch may be operating satisfactorily, but the US Corporate Ratings area needs improvement.
Advice to Management
Restructure the US Corporate Rating senior management team. You have left yourself open to significant analytic risks and problems, and potential liability. Changes would also help lower turnover and lessen turnover-related expenditures.
Helpful (1)
I worked at Fitch Ratings full-time (More than a year)
Pros
Good analytical framework. Work life balance. People are in general very nice. Senior management has good strategic direction.
Cons
Slow moving and bureaucratic at times. Regulation overkill. Below market pay.
Advice to Management
Try to lessen the burden of regulation on your analysts.
Helpful (1)
I have been working at Fitch Ratings full-time (More than 10 years)
Pros
A very flat organization structure ensures that talented people never get lost in the shuffle. It is likely the Group Head for your department will know you in one year.
Cons
Bureaucracy is high as a result of Fitch’s efforts to comply with multiple regulators with different agendas.
Advice to Management
Keep investing in technology
Helpful (1)
I have been working at Fitch Ratings full-time
Pros
good place to work for
Cons
I have nothing to con about.
Helpful (3)
I have been working at Fitch Ratings full-time
Pros
Smart colleagues, collaborative and positive work environment
Cons
Compensation lower than some competitors, tiresome and frustrating government regulation
Advice to Management
Flat organizational structure has pluses and minuses. Many employees do not believe there is a path for advancement within the company. Even if there is a path, they are not able to see it.
I worked at Fitch Ratings full-time (Less than a year)
Pros
Great learning opportunities
Work with very smart people
Very interesting work
Cons
Pay is not great
Limited upward mobility
Advice to Management
Pay employees more and provide better mobility
I worked at Fitch Ratings full-time (More than 3 years)
Pros
You will gain a great foundation of fundamental analysis that can be leverage to transition to another role (IB, etc.). The people are also very nice, but somewhat "sheepish" within the Chicago office.
Cons
Pay is not the best, resulting in high turnover as people are often poached by banks or the corporate finance departments within large corporations. There can also be a lot of administrative tasks given how strict rating agencies are regulated.
Advice to Management
Bump pay up closer to street level
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