Fitch Ratings Reviews | Glassdoor

Fitch Ratings Reviews

Updated April 17, 2018
317 reviews

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3.5
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Fitch Ratings President and CEO Paul Taylor
Paul Taylor
105 Ratings

317 Employee Reviews

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Pros
  • Great 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)

Cons
  • 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)

More Pros and Cons

  1. Featured Review

    Helpful (4)

    "Working at Fitch Ratings"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Tokyo (Japan)
    Current Employee - Anonymous Employee in Tokyo (Japan)
    Recommends
    Positive Outlook
    Approves of CEO

    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.


  2. "Associate Director Human Resources"

    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

    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

  3. Helpful (4)

    "Not what it used to be"

    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
    Neutral Outlook
    Disapproves of CEO

    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.


  4. Helpful (4)

    "Hard to reconcile any positive reviews with the high turnover"

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

    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.


  5. Helpful (1)

    "Good Collaborative Environment"

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

    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.


  6. Helpful (1)

    "Managing Director"

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

    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

    Fitch Ratings Response

    Feb 7, 2018 – Director, Talent Acquisition

    Thank you for sharing your thoughts on working at Fitch. Fitch’s success depends on the caliber of people who work here and the quality of what we produce. Once we find and hire talented people, we... More


  7. Helpful (1)

    "Test Automation Engineer"

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

    I have been working at Fitch Ratings full-time

    Pros

    good place to work for

    Cons

    I have nothing to con about.

  8. Helpful (3)

    "Senior Director"

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

    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.


  9. "CMBS"

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

    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


  10. "Solid place at the beginning or near the end of your career"

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

    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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