Fitch Ratings Reviews | Glassdoor

Fitch Ratings Reviews

Updated September 12, 2017
272 reviews

Filter

Filter

Full-timePart-time

272 Employee Reviews

Sort: PopularRatingDate

Pros
  • The people and work/life balance are pretty great (in 111 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. Helpful (1)

    "Needs Help"

    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
    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. "Analyst"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Fitch Ratings full-time

    Pros

    Great company, very good work life balance. Work with many hard working colleagues that are experts in their field. Outstanding performance is definitely well recognized.

    Cons

    office location all the way downtown and terrible elevator system in the building are the biggest drawbacks in my experience. compensation could also be higher.

    Advice to Management

    not much to say here, have not been with the company long enough to form an opinion. will say that the new york office elevators need to be fixed, its a disaster.

  3. Helpful (6)

    "Starting to go downhill"

    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
    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.


  4. "Market Research Associate"

    StarStarStarStarStar
    • 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


  5. "Analyst"

    StarStarStarStarStar
    • 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.


  6. "Facilities management"

    StarStarStarStarStar
    • 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


  7. Helpful (13)

    "Director"

    StarStarStarStarStar
    • 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.

  8. Helpful (2)

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

    StarStarStarStarStar
    • 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.


  9. "Associate Director"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    No opinion of CEO

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

    Pros

    Interesting work and great credit training

    Cons

    Compensation is low, compared to peers and reflective of the smaller market share

    Advice to Management

    Should consider develop talent


  10. "Ratings Analyst / Associate Director"

    StarStarStarStarStar
    • 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.


Showing 272 of 295 reviews
Reset Filters