Fitch Ratings Reviews | Glassdoor

Fitch Ratings Reviews

Updated April 20, 2017
253 reviews

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Full-time Part-time

3.2
Star Star Star Star Star
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Fitch Ratings President & CEO Paul Taylor
Paul Taylor
74 Ratings

253 Employee Reviews

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Pros
  • The people and work/life balance are pretty great (in 105 reviews)

  • Great company, people and work environment (in 26 reviews)

Cons
  • In times of high volume deal-flow, the work-life balance goes out the window (in 12 reviews)

  • People get arbitrarily fired, including those in senior management (in 16 reviews)

More Pros and Cons

  1. "Friendly work environment"

    Star Star Star Star Star
    • 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
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Fitch Ratings full-time (More than 8 years)

    Pros

    Nice place to work. Good work culture.

    Cons

    Easy going. Limited growth options.


  2. "Good start in finance"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Director in New York, NY
    Current Employee - Associate Director in New York, NY

    I have been working at Fitch Ratings full-time (More than 3 years)

    Pros

    Good work life balance, nice people, good place to gain industry knowledge.

    Cons

    Pay is on the lower side of industry average


  3. "Could be so much more"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in Chicago, IL
    Current Employee - Director in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Work life balance is good
    Interesting colleagues to interact with
    Mentally stimulating core analytical work
    Nice office for more senior staff

    Cons

    IT is horrendous and 10yrs behind the curve: fragmented, rolled out full of bugs, constantly updated, requires manual entry - re-entry - checks all the time
    Have to give up any personal investing. Excluded investment list is long, convoluted, software is clunky and beware the fallout of you inadvertently trip it.
    Management mentality that every analyst failure to meet perfection is his fault (notwithstanding constant IT issues and support staff turnover).
    Having to report to newly hired Senior director that are incompetent and delegate all their work.

    Advice to Management

    Promote your own staff over hiring external for senior roles.
    Invest in IT and take time to do it right the first time.


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  5. "Intern"

    Star Star Star Star Star
    • 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
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Fitch Ratings (Less than a year)

    Pros

    Great company, people and work environment

    Cons

    Nothing, loved my time there


  6. "Learn&Leave"

    Star Star Star Star Star
    • 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
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Fitch Ratings (Less than a year)

    Pros

    Good school. Nice people. Not highly competitive.

    Cons

    Pay is crap. Too bureaucratic.

    Advice to Management

    Pay more. Get organized. Reduce inefficiencies. Fire useless people.


  7. Helpful (1)

    "Needs Help"

    Star Star Star Star Star
    • 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
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Laid back company
    good vacation packag
    nice coworkers

    Cons

    Low compensation relative to market
    little to no growth in support services groups

    Advice to Management

    Invest time in growing you support teams. They are the bread and butter that keeps the company functioning.


  8. "Market Research Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Market Research Associate in New York, NY
    Current Employee - Market Research Associate in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great hours, everyone is very friendly, wonderful downtown location, great place to start your career

    Cons

    Poor management, lack of teamwork


  9. Helpful (4)

    "Starting to go downhill"

    Star Star Star Star Star
    • 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
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Fitch Ratings full-time (More than 10 years)

    Pros

    competitive salaries, good people, with a great work-life balance as compared to other Wall Street companies

    Cons

    For a very long time I had nothing but good things to say about Fitch. Over the past three years, however, changes at the top have started to impact the day-today operations of the company negatively. Work-life balance has worsened, resources to technology and employee benefits have been cut, and no clear direction for the company has been communicated to employees. Our CFO is lauded for strong cost management while our infrastructure crumbles.

    Advice to Management

    Find a structure for the company and actually implement it. A flat revenue year should not be taken out on employees.


  10. "Ratings Analyst / Associate Director"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Ratings Analyst/Associate Director in Chicago, IL
    Former Employee - Ratings Analyst/Associate Director in Chicago, IL
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Fitch Ratings full-time (More than a year)

    Pros

    (1) Good role with some great opportunities to get more exposure at a more junior level (including meeting and running meetings with senior executives and publishing research)
    (2) Good work-life balance. Most work-weeks are 40 -50 hours and never go beyond 60ish
    (3) Decent exit opportunities in risk management, banking, asset management and research
    (4) Generally good management and people to work with

    Cons

    (1) Depending on the group, you may fall into an area that is very slow to promote
    (2) Pay is good but less than direct top-tier competitors and certainly does not compare to higher earning finance roles
    (3) Lack of culture, especially for younger people but it is getting better (they recently created an undergraduate recruitment program to bring in younger talent). There are no corporate affinity groups and most people that work there tend to go there separate ways after work. Its common that you will not know anyone outside of your floor (and you may only know a fraction of people on your floor)

    Advice to Management

    Make advancement/ incentive compensation criteria more consistent and with measurable outcomes throughout the organization. Further, create avenues to change the culture. It can be difficult to get to know people at Fitch and this lack of community may be leading to higher turnover than should be warranted for an otherwise good company.


  11. Helpful (2)

    "Good place to start; Comp/Progression makes it difficult to stay"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in New York, NY
    Current Employee - Analyst in New York, NY
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    Great exposure at a Junior level, broad range of deals to work on, bosses allow you to work on complex projects.
    Good gym deal.

    Cons

    Salary way below market rate with 1-2% increases each year. Experienced professionals from a different industry (no ratings experience) may get 40% more to almost double that of someone with the same title. Turnover seems to be acceptable and a norm to the company since it is an ongoing issue that is getting worse with no apparent resolution.
    Work life balance no longer the case here with turnover, higher deal volume and an overload of operational processes.

    Advice to Management

    Show real appreciation in terms of comp or advancement if you want your employees to stay.



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