Fidelity Investments Reviews

Updated 28 August 2014
Updated 28 August 2014
1,782 Reviews

3.6
1,782 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Fidelity Investments Chairman and CEO Edward C. “Ned” Johnson, III
Edward C. “Ned” Johnson, III
751 Ratings

Review Highlights

Pros
  • GOOD work-life balance: very rarely expected to work overtime (in 149 reviews)

  • Being a privately held company has great benefits as well (in 185 reviews)


Cons
  • Work-life balance can be tough given OT expectations 55-65 hours per week (in 42 reviews)

  • Lot of high level (senior management) politics played in a dirty manner (in 68 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    business management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Analyst Consultant  in  London, England
    Current Employee - Business Analyst Consultant in London, England

    I have been working at Fidelity Investments as an intern for less than a year

    Pros

    The work is quite easy. not a lot to do,

    Cons

    I pretty much do nothing but get paid for it.

    Advice to ManagementAdvice

    speed things up and work out the efficincies

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Very strange setup at Oakhill House

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Tonbridge, England
    Former Employee - Anonymous Employee in Tonbridge, England

    I worked at Fidelity Investments as a contractor for less than a year

    Pros

    Pleasant, secluded offices set at the edge of an estate in a converted mansion.

    Cons

    Staff are locals, who want to stay forever and are not really interested in advancing, just happy to get their City salaries outside of the City.

    Advice to ManagementAdvice

    Don't put different and unrelated silos together, as the resultant lack of crossover means there is no dynamism, development, sense of coming together...

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3.  

    Managers are two faced

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Client Service Associate  in  Lower Kingswood, England
    Current Employee - Client Service Associate in Lower Kingswood, England

    I have been working at Fidelity Investments full-time for less than a year

    Pros

    Great work mates, big company, good food, good pension

    Cons

    Long hours, weekend working, poor training,two faced managers, unqualified managers, no progression, very high turnaround.

    Advice to ManagementAdvice

    Stop being such two faced. Offer help to those who ask for it, and when an employee comes to talk to you in confidence, make sure it stays that way.

    Doesn't Recommend
    Negative Outlook
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  5. 1 person found this helpful  

    Fidelity

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - UK Institutional Team  in  London, England
    Current Employee - UK Institutional Team in London, England

    I have been working at Fidelity Investments full-time for more than a year

    Pros

    Large, well known company so good on your CV.

    Cons

    Lots of back stabbing, fake people, bad bonus, hardly any pay rise, very political, doesnt have a smooth working process and getting data is hard as there are so many sources. You have to know people to be able to get data!

    Advice to ManagementAdvice

    Please look after your staff more instead of brown-nosing the whole time.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6. 2 people found this helpful  

    Good benefits, poor pay, constant management change, little respect for employees

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Financial Analyst  in  London, England
    Former Employee - Financial Analyst in London, England

    I worked at Fidelity Investments

    Pros

    Used to be a good company to work for, still a good brand on Resume, colleagues at the Analyst & Fund Manager level were smart.

    Cons

    Poor pay. Management constantly changes the strategic direction - every 6 months the investment team is presented with a new plan. Get the impression they are constantly in fear of losing their job as performance is pretty bad, so get out of jail card is a new 'plan'. Building fiefdoms is a key activity of middle-management, especially on the DOR team. HR just seems to follow management around to see what they are required to do next - no strategic direction at all, 'yes-man' mentality. Fidelity pays so badly that it really is not a long-term career option - benefits to your Resume after 1 year are more or less the same as after 5 years and even 10 - so makes sense to leave after 3-4 years. However, the most disappointing thing about this company, is that there is no concern for employees, you are just a cog in the wheel.

    Advice to ManagementAdvice

    This used to be a great company before 2005. There is probably still a chance to turned it around.

    Doesn't Recommend
    Disapproves of CEO
  7. 5 people found this helpful  

    Good people, Good environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Project Manager  in  Kingswood, South East England, England
    Current Employee - Project Manager in Kingswood, South East England, England

    I have been working at Fidelity Investments

    Pros

    Good people, Good environment, reasonable work life balance. Comparative level of success with offshore teams. Performance review process was reasonably clear as work had been done to improve on better linking this with the bonus to differentiate between staff.

    Cons

    Pay could be improved, transport links to office were not good, if you missed the private coach slot due to a late train then you had to pay £20 for a taxi to the office.

    Advice to ManagementAdvice

    Put more effort into Talent management and talent retention by providing increased opportunities for rising stars to grow their career within the company rather than moving on.

    Recommends
    Approves of CEO
  8. 1 person found this helpful  

    A little big and bureaucratic but you get to work with some of the best people in the industry.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee  in  London, England
    Current Employee - Anonymous Employee in London, England

    I have been working at Fidelity Investments

    Pros

    Strong brand name, career development, you can work anywhere else after being at Fidelity Investments. Growing the business even now.

    Cons

    Much politics, senior management seem very remote due to number of management layers, left hand doesn't always know what the right hand is doing.

    Advice to ManagementAdvice

    Make sure the workforce are all driving in the same direction, cut down management layers and costs that go with them.

    Recommends
    Approves of CEO
  9. 1 person found this helpful  

    Company better recognised than the employees

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Research Analyst  in  London, England
    Current Employee - Research Analyst in London, England

    I have been working at Fidelity Investments

    Pros

    Extremely well recognised in the City and a lot of sway with companies and brokers; great opportunities to learn. A lot of freedom to run your own diary and pursue ways that you think will add value to the research process.

    Cons

    Most of the fund managers and other analysts have their own agenda and so it can be quite fragmented in terms of communication, and accordingly recognition, unless you really make an effort.

    Advice to ManagementAdvice

    Because of the size of the company, it seems that there is not much meritocracy at the lower levels of the organisation, with not much difference in pay or recognition for those that put in the extra mile.

    Recommends
    No opinion of CEO
  10. 2 people found this helpful  

    For the Cincinnati area, it's not a bad place to be

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President
    Current Employee - Vice President

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

    Pros

    The people you work with are great. All focused on the customer.
    Nice regional campus.
    You can build career there without moving.
    Invests in the people and technology.
    Decent benefits.
    Supportive of development of the people.

    Cons

    Hit or miss with SVPs. Some are great (visionary, smart, approachable, open, advocates, fair). Others will do what they can to take care of themselves at the cost of others. The HR rules to not apply to that level and there are known issues that are kind of ignored. They are hired for driving to metrics and not the ability to manage, lead or inspire. Just do your homework to determine if the leadership of the function will align to what is important to you.

    Also understand the bonus opportunity and how it is structured. Your bonus percent is always immediately reduced by the funding level (fund at 85% for example) and then you get a percentage of your bonus eligible amount depending on performance. .85 (funded level) X .85 (decent bonus based on performance) X.40 (eligible amount) = 28.9% is really what your 40% "bonus opportunity" turns out to be. And that is for a solid performer. Just be fully informed as you negotiate your salary. 80/20 rule applies here -Only 20% get the top bonus which means you actually get the "opportunity" tied to your grade level. Don't get me wrong here - is 28% a nice bonus? Yes. Is it far away from 40%? Yes. What is supposed to be motivating you to perform well just becomes exhausting.

    Advice to ManagementAdvice

    Hold senior management to the same level of accountability. If they are not capable of managing people (which is not easy and not for everyone) then don't put them in positions where they are leading large groups.

    We understand compa ratio and the market rate concept, but for a company like Fidelity where you are constantly overworked, and when the cost of living continues to increase, just be aware of how this looks. Especially when the SVPs seem to be able to afford multiple houses yet everyone below that just levels out if they have been a strong performer over time. Who are the ones really making the place run?

    Neutral Outlook
    Approves of CEO
  11.  

    Principal Systems Engineer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Fidelity Investments full-time for more than 10 years

    Pros

    Benefits, and people are the main drivers when considering advantages of working there. Benefits are above average. Very flexible work hours.

    Cons

    Promotions are very political. Selection is by quota per organization and based on how well your manager and his manager can advocate for you. It's important that your management is highly regarded among their peers.

    Recommends
    Positive Outlook
    Approves of CEO

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