Fidelity Investments reviews

* About 60% staff is useless. You bump into people who call them leaders, managers, agile gurus, but have no clue about the product, or business, or technology. * Leaders are sycophants, who love sycophants. Hence only sycophants move up. * Promotions happen not based on merit. But sycophant leaders choosing their favorite sycophants * When leaders move to a different organization they take these incapable sycophants with them - they together spoil the culture of the new team * Good people are leaving. Many great leaders who build core systems from ground up are not rewarded. Sycophants who have no knowledge of product, business, or technology are constantly repelling them * In the name of diversity & inclusion, incapable people are being promoted to the highest positions and they are failing everyday

Software engineers at fidelity are very low on the totem pole, probably a step lower than call center employees if I had to guess. The compensation is insulting. I went to a competitor in asset management for the same role level and tripled my compensation. You could probably quadruple your compensation by going to amazon, google, etc. A senior software engineer with 10yrs of experience at fidelity makes less than an entry-level software engineer at JP morgan/bank of america/goldman sachs with no years of experience. Don't work here unless you are in asset management. Those are the only people who make any real money. The tech is severely outdated. Some engineers were working in COBOL while I was there. Once again, this is insulting and shows that no effort is made by management to invest in good tech. Management makes it very clear that technologists provide negative value, we were even told this during out first week. "You are a cost center" -- I can't tell you how many times I've heard this. It's so obvious. Why do you think there are barely any technologists in the Boston HQ? Instead they're pushed to the basements of New Hampshire and Rhode Island. Bonus is insulting too. Don't count on that. People brag about the generous 401k match but it doesn't kick in for 5 years. That is 5 years you could be working as a technologist at a competing asset manager making triple your compensation. My first week at Fidelity a manager told me that technologists are expendable because their job can just be outsourced. Ouch. This company has no path forward. Mutual funds are a thing of the past now that low-fee ETFs have become so popular. And their brokerage is so outdated.