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Fidelity Investments

Engaged Employer

A Job to nowhere with a very low compensation at all levels - Fund Accounting Analyst Fidelity Investments Employee Review

2.0
Feb 20, 2017
Recommend
CEO approval
Business Outlook

Pros

Mostly good honest people to work with. Diverse. A good company for entry levels positions (but that's it). Very nice and large campuses nationwide. Can jump between departments if you want to make a change (but mostly horizontal movement that can last for years with no pay change)

Cons

The fund a accounting group methodology of work is one big mess of excel spreadsheet macros with errors written by very few people at Fidelity and hold the knowledge and responsibility of why/what this job is about. The rest just push buttons and fake it. If you took 1-2 finance classes in college you will probably learn nothing new to help you in the industry. The monitoring and problem solving skills learned are 100% based on troubleshooting of departmental chaotic/confused processes of using excel and/or internal softwares. Managers don't (mostly) have any managerial skills or passion to manage and do so in order to climb the latter. In reality, they are analysts who stayed at Fidelity the longest (or when everybody else left after 2-3 years). Those who leave (which is almost all employees except managers) do so after realizing they will never be able to support an adult life/family with the low pay (including all "unique benefits"). In conclusion, To demonstrate the shortsightedness and focus on internal computer troubleshooting I will use this fact: Most managers and directors can tell you a lot about how to find a variance due to miscalculation of an Excel's spreadsheet formula but no very little to nothing about the stock market, bond market, and most importantly the nature of mutual fund investing. After a while it becomes a very sad, and discouraging, work environment. Not a long-term company for go getters

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5.0
Jun 11, 2026
Recommend
CEO approval
Business Outlook

Pros

Good benefits, good total comp

Cons

Too much in bonus compensation that is flexible, not enough guaranteed salary

5.0
Jun 11, 2018
Recommend
CEO approval
Business Outlook

Pros

Benefits including profit sharing and bonuses are great. The breadth of this company provides a great opportunity to try out different career paths or boost your current one.

Cons

In my current role, I am working overtime more often than I'd like with recognition that seems to only go so far until it sizzles out. That may be tied to the size of the company itself, where promotions work in a "trickle down" manner.

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