Fitch Ratings Reviews | Glassdoor

Fitch Ratings Reviews

Updated August 16, 2017
267 reviews

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3.1
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Fitch Ratings President and CEO Paul Taylor
Paul Taylor
78 Ratings

267 Employee Reviews

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Pros
  • The people and work/life balance are pretty great (in 110 reviews)

  • Great company, people and work environment (in 28 reviews)

Cons
  • Work/ life balance used to be excellent (in 13 reviews)

  • Do not pay much, career advancing is limited because senior management does not leave (in 19 reviews)

More Pros and Cons

  1. Featured Review

    "Great people, healthy work environment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director
    Current Employee - Director
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    In general, work/life balance is good. Enjoy Working with talented people that care about their work product. Strong ethical standards.

    Cons

    Communication with workforce on a regular basis is desired. There is no transparency in work load assignments or recognition of achievements.


  2. "Fitch Ratings review"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Fitch Ratings full-time

    Pros

    Good work/life balance; good compensation considering the hours

    Cons

    Compensation not largely linked to individual performance

  3. "More Cons than Pros"

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

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

    Pros

    Work/Life balance. There is not much stress and I have learned a lot during my time.

    Cons

    Benefits really took a step down in 2017. Premiums were increased as well as deductibles. Pay has been stagnant and many people have moved on. It has been difficult to move up as management seems happy to have experienced people leave and replace with less experienced (and less expensive) candidates.

    Advice to Management

    Take care of employees and make it difficult for them to leave. I feel that more employees would be happier with pay increases and opportunities for growth.


  4. Helpful (1)

    "Good place to learn, but Company values are changing."

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

    I worked at Fitch Ratings full-time (More than 10 years)

    Pros

    - Interesting Work
    - 7% 401k Match
    - Ability to learn and move to different IT groups
    - Make sure you negotiate highest salary before accepting position
    - Great Co-Workers
    - Great place to get hands on experience in multiple IT Sectors

    Cons

    - Company doesn't pay market rate.
    - Healthcare is now standard. In the past, it was exceptional but now has followed the trend for Healthcare coverage. Yet, compensation is well below market.
    - No training or development path for IT staff.
    - Raises are minuscule and salary adjustments often WAY fall short of market
    - Long hours, Weekend work (too often), 8-16 Hour DR tests with no comp days, and frequent off hours rotation.
    - No operations team any more. Engineers are expected to design and provide support.
    - Infrastructure team has been shrinking. Not enough staff members.
    - 401K is not paid weekly anymore. It is paid the following year in March. You loose out in earnings.

    Advice to Management

    - Implement 80/20 rule. Allow your workers to grow on company time. This will make them more efficient. If we are working 10-12 hour days and doing 24/7 support, do you really think we want to go home and study? Only the dedicated are willing to give up family time and personal time for this, but this should not be part of the company culture.
    - Pay people what they are worth. There is nothing more demoralizing when someone spends a long time in the company and grows, but their salary doesn't. Then you hire someone from the outside and they have to be trained by existing staff?
    - Setup "Follow the Sun Support".
    - Providing positions with lateral movement or low raises is terrible for moral.
    - Also, once someone begins doing the work for a new position, there should be no excuse not to pay them the new salary the next day. Having to wait end of year or next year is just ridiculous.
    - Do a salary assessment of all your critical workers and get them to market.
    - Provide a path for career growth and have constant communication.
    - Provide necessary training and education if you don't plan to hire Senior/Experienced workers.
    - Provide more work from home or compensation day packages.
    - If you are not going to pay market value for positions, bring back the great Health Care benefits.


  5. "unsure"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Fitch Ratings full-time (More than 3 years)

    Pros

    great people, good work/life balance

    Cons

    will let long term employees go with no warning or reason


  6. "I've worked for Fitch for over 2 years"

    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
    Positive Outlook
    No opinion of CEO

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

    Pros

    Great work/life balance. Easy going work environment

    Cons

    Limited growth opportunities.
    Gap between management and front line


  7. "Working in Fitch Ratings Business Development"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Opportunity to develop your business as you see fit in a way that isn't available to more established firms.

    Cons

    Extremely budget conscious to a fault. Management disorganized and capricious.

  8. Helpful (1)

    "White boys"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director in New York, NY
    Former Employee - Director in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    There are some nice people left although most of them are looking to leave. Not a lot of positive to say!

    Cons

    Fitch is the B team, if that. The culture has deteriorated over time. It's a white boys' club. High turnover!


  9. "Friendly work environment"

    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
    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.


  10. Helpful (2)

    "Sweat Shop"

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

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

    Pros

    Analysts that care about about doing thoughtful analysis. Excellent opportunity to interact with C-suite management and develop credit analysis fundamental

    Cons

    No career development. Compensation is awful. Upper management that does not value the analytical function and is more concerned about staying out of trouble with regulators. Work/ life balance used to be excellent .........not anymore.

    Advice to Management

    Stop squeezing employee compensation to make up for your mistakes.


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