Fitch Ratings Reviews | Glassdoor

Fitch Ratings Reviews

Updated February 21, 2017
241 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
71 Ratings

241 Employee Reviews

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Pros
  • The people and work/life balance are pretty great (in 99 reviews)

  • Relax work environment, great location in Canary Wharf, free fruits (in 25 reviews)

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

  • Low pay and raises are typically minimal (in 8 reviews)

More Pros and Cons

  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.


  2. Helpful (2)

    "Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Systems Analyst in London, England (UK)
    Current Employee - Systems Analyst in London, England (UK)
    Negative Outlook

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

    Pros

    Company is very supportive for education. Good place for young people in their early stages of career. Reasonable working hours.

    Cons

    Poor salary, heavily regulated (analysts spend too much time 'ticking the boxes'), IT systems are a nightmare, HR dep is bad, for compliance reasons your personal stock investments will be restricted.

    Advice to Management

    In order to keep the best analyst in the house remuneration should be materially higher.


  3. Helpful (3)

    "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.


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  5. "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


  6. "Analyst"

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

    I have been working at Fitch Ratings full-time

    Pros

    The people and work/life balance are pretty great.

    Cons

    Compensation is lower compared to other rating agencies.

    Advice to Management

    Figure out better pay.


  7. "Associate Director"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Director in London, England (UK)
    Current Employee - Associate Director in London, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great exposure with top level management meetings at issuers.
    Steep learning curve and early entrusted responsibilities can make it challenging at the start but also affords good learning opportunities and opportunities to develop.
    Relaxed working environment with very flat org structure allows for good interaction with managers.
    Culture is very supportive and everyone is happy to help answer questions (asking questions is key as training is somewhat insufficiently tailored to the day-to-day workflow).
    Committees have very flat structures which allows great opportunities for analysts at all levels to voice their opinions and contribute at an early stage. This is often encouraged.
    Great access to a wide range of analysis and research on Fitch's wide-ranging coverage.
    Rating cycles allow for ease of planning the work-year and good amount of predictability of when workflow will be intense.

    Cons

    IT systems feel antiquated and are a constant source of annoyance to the daily workflow.
    Compensation lags the market and disadvantages staff who stay within the firm over the years, compared to staff who move out of Fitch and return, or transfer in from outside Fitch.

    Advice to Management

    The general work culture is very conducive for the exchange of ideas/opinions, and great for nurturing and stretching younger analysts through early exposure to management meetings, the open committee processes and access to management. Keep encouraging these aspects.

    Invest in more flexible and cutting edge IT systems and databases that have the feel and flexibility of the Microsoft Office suite of products. Some of the current systems are very cumbersome and breakdown frequently, frustrating analysts on a day-to-day basis and lowering productivity.

    Compensation needs to reward loyalty more, aligning pay with staff who move in from outside Fitch. The current model incentivises staff to move out of Fitch (at least for a few years), and only increases the burden on staff who remain in the firm, having to pick up work left from staff leaving, interviewing for replacements, and having to retrain new staff coming in.


  8. Helpful (8)

    "Director"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend

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

    Pros

    I can't really think of any pros here.

    Cons

    Fitch is run by C players. The fact that C players hire D players to make themselves look good means the whole firm is on the fast track down. There is no career development. You will do all kinds of work that no one will even acknowledge or read. There is no smart thinking here; it is all about following a formula. HR will brag to you about training-don't believe them. The training program is awful. A full 50% of work will be bureaucracy. Promotions are impossible and the selection process is whether or not you are one of the cool kids, just like in high school. Salaries are way below industry standard and raises are rare, except of course for the cool kids. Women and minorities may get hired for an entry level rating job or administrative assistant, but to be promoted you have to be white and male. The top management will tell you they want diversity but look at the numbers. It's like the 1950's. Then they have sessions asking employees for their opinions and have them run by a known bully so no one feels comfortable being honest.


  9. Helpful (1)

    "Great place to learn but no career development"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Disapproves of CEO

    I have been working at Fitch Ratings full-time

    Pros

    - interesting work with good senior management access
    - good to learn the credit basics
    - great place to start career but move on quickly
    - all analytical staff level is involved in credit rating decision process
    - fairly good work-life-balance although it depends on portfolio size and credit events

    Cons

    - no diversity
    - lack of development - some staff have not had training for more than 3-4 years
    - non-London and non-NYC offices deal with too much bureaucracy
    - poor IT and inefficient processes
    - intransparent promotion and remuneration process
    - bonuses are a joke
    - females have little chance to get into leadership roles on top management level (including B and C-suite)
    - managers lack leadership skills
    - involves a level of travel that some may not like (also on weekends)

    Advice to Management

    - clear training and development processes for all staff and seniority level
    - support diversity and question why females are not in leadership roles or female graduates are not being promoted on to the next level
    - more transparent promotion and remuneration scheme
    - pay better bonuses to those who made right credit calls and are active in research production and investor interaction
    - get rid of lazy people


  10. "Good people and culture."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Summer Analyst in London, England (UK)
    Current Employee - Summer Analyst in London, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    very nice and supportive atmosphere and people

    Cons

    you don't have link with performance


  11. "Facilities management"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Approves of CEO

    I worked at Fitch Ratings full-time

    Pros

    Benefits, employees, and work set up.

    Cons

    Some management and confidentiality



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