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Fidelity Investments

Engaged Employer

Fidelity Investments reviews

4.1

79% would recommend to a friend

(18,360 total reviews)
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Abby Johnson

84% approve of CEO

78% positive business outlook

Fidelity Investments has an employee rating of 4.1 out of 5 stars, based on 18,360 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The Fidelity Investments employee rating is in line with the average (within 1 standard deviation) for employers within the Finanzen industry (3.7 stars).

Reviews by job title

18K reviews
2.0
Oct 17, 2016
Recommend
CEO approval
Business Outlook

Pros

As mentioned, great benefits. 7% match and 10% profit sharing. If you do 7% your going to be putting away 24% of your total pay into retirement which is great.

Cons

Their Portfolio Advisory Service (PAS) is the key product along with annuities that you are pressed to sell. They train you really well on how to overcome the objections of Clients. You get paid 0.07% or 7 basis points for every dollar you put into these products - JUST ONE TIME - there is a tiny bonus based on Retention. The worst part is that every one in the Financial Consultant role knows the product is terrible and underperforms consistently by 1.5%-2.2% on a yearly basis. If you work here, prepare to exchange your conscious for your paycheck. Management will talk trash about you after you leave, there is no loyalty. You will work with 400 Clients, the best Financial Consultants don't develop deep relationships with Clients because you don't have the capacity to do that because you must sell about $36 million a year at a minimum in their garbage products.

4.0
Jan 8, 2015

A Great Place to Start

Recommend
CEO approval
Business Outlook

Pros

Series 7 & 63 are paid for and the training program is excellent, they are paying a lot of money to license you and really want you to pass. There are multiple shifts available to you which you bid for, and most people receive their first choice in shifts. Amazing, supportive co-workers. The best technology I have used in the Finance industry. 401(k) matching is among the best in the industry, but annual salary is not competitive. Good work/life balance. Team outings each quarter.

Cons

The call volume is ridiculous, and you spend most of your time resetting passwords, even once you are on the full-trader gate. Fidelity talks a lot about career development, but team meetings and one-on-one coaching sessions with your manager are constantly canceled due to call volume. A manager cannot develop his/her employees without ever speaking with them. Even when you are promoted you do not get a raise, you get an increase in variable comp, and that is determined by whether you hit your metrics. You can get a "promotion" without ever getting a "raise". Management is hit-or-miss. I worked for a couple of amazing, hands-on managers who were very engaged with their teams. I also worked for a few managers that appeared to do nothing other than sit around and play games on their phones all day. A lot of push-back from different departments when you try to transfer calls. Metrics are constantly changing. What is important one quarter may be meaningless the next quarter. It makes it very difficult to try to establish a routine on your calls when you don't know what measurements your bonus will be based on. This is a call center job. Don't try to kid yourself, you will be on the phones 8 hrs/day. Unless you get a position in a branch, you will be on the phones, even if you are "promoted" to another role.

1.0
Mar 5, 2014
Recommend
CEO approval
Business Outlook

Pros

I will say that the Series 7 training that they provide is excellent. Ok for a year, if it's your first job out of college.

Cons

Upper management does a great cheer-leading bit but the real world is quite different. Every move you make is recorded and monitored, if you make a rookie mistake they make you feel terrible, very little praise without a "but". Lot's of nitpicking criticism. You have no time to socialize because every minute is accounted for. The work itself is ok but quite a grind when you average 50 calls a day with only 2 15 min. breaks. Grueling for little pay.

Viewing 145 - 147 of 18,360 Reviews

Glassdoor has 21,202 Fidelity Investments reviews submitted anonymously by Fidelity Investments employees. Read employee reviews and ratings on Glassdoor to decide if Fidelity Investments is right for you.