There are newer employer reviews for Fidelity Investments

 

Amazing company! Best 6 yrs of my career!

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Senior Executive Secretary in Boston, MA (US)
Former Employee - Senior Executive Secretary in Boston, MA (US)

I worked at Fidelity Investments full-time (more than 5 years)

Pros

Management, culture, talent hired, overall excellent & memorable company.

Cons

Location & commute in Boston unbearable at times.

Advice to ManagementAdvice

Keep up the great work!

Recommends
Positive Outlook
Approves of CEO

1865 Other Employee Reviews for Fidelity Investments (View Most Recent)

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  1. 2 people found this helpful  

    Bi-polar

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - IT Director in Boston, MA (US)
    Current Employee - IT Director in Boston, MA (US)

    I have been working at Fidelity Investments full-time (more than 3 years)

    Pros

    Decent salary. Huge investment in IT. Able to move sideways to new jobs. Willing to try new things.

    Cons

    Shuffle, shuffle, shuffle. Lots of people movement which has to be expensive. Cutting a lot of IT jobs in Boston and moving to TX, NC or overseas. sometimes there is too much willingness to try new things; there are 4 tools for everything, little is integrated, and standardization is not often found. Certain groups have lots of politics. Not a lot of upward mobility.

    Advice to ManagementAdvice

    Stop the shuffle; I'm sure you think this is an advantage, but it causes upheaval and costs a fortune. Pick a couple tools; stick with them for more than 4 months. Morale is crashing, at least in IT, because the corp direction, while clear, clearly says we don't care about the IT people in New England.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2.  

    Negative Culture and Values

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director in Boston, MA (US)
    Current Employee - Director in Boston, MA (US)

    I have been working at Fidelity Investments full-time (more than 10 years)

    Pros

    Decent Pay and Good Benefits. A general willingness to invest in business development and IT. Modern and updated facilities with decent amenities. Tight security both physically and on the customer data side.

    Cons

    Does not pay for performance or set performance expectations well. There are unwritten or absent expectations regarding "success" in job roles; performance is not necessarily judged against what your assignments are and how you execute them.

    For example, recently I had achieved all of my performance goals for the review period, such as being ahead of project completion schedules, under budget and delivered targeted business scope. Two weeks prior to the performance review the performance assessment criteria was changed to "measure" me against targets that I had no chance to meet since they were completely different than the job assignments. The manager conducting the review admitted that the assessment criteria was "new" and "unfair" and the lack of communication was deliberate in order to send a "message" to the organization.

    After over a decade of service with eighty percent of my performance reviews being "above average" under the various grading scales (and never having had a poor review before), it was a very strange turn of events.

    It appears as though it may be a targeted "reduction in force" or "desired attrition" by targeting people at certain pay and/or years of service, since I was only one of several colleagues who held similar positions that expressed a very similar situation.

    Rewards are more and more concentrated at the very top level, with the middle layer becoming hollow and the entry level positions are subject to RIF's regularly.

    Exceptionally poor planning in just about every business unit, and the company as a whole. A general inability to keep focus.

    Advice to ManagementAdvice

    Improve the mutual fund performance and gain back market share.

    Go public or sell to another public company, since the cultural and structural problems are not going to be solved internally with the current management structure and ownership.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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