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Fidelity Investments

Engaged Employer

Fidelity Investments reviews

4.1

79% would recommend to a friend

(18,395 total reviews)
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Abby Johnson

84% approve of CEO

77% positive business outlook

Fidelity Investments has an employee rating of 4.1 out of 5 stars, based on 18,395 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
1.0
Nov 22, 2013
Recommend
CEO approval
Business Outlook

Pros

Receive bi-weekly paychecks... When you have down time due to testing environments not working, you have some time to build worthwhile skills for a new job.

Cons

Test environments are horrible - It is impossible to actually test. They are always changing code that breaks things with no accountability. Client Configurations are always getting messed up. It's impossible to test a product completely. Random error messages every day. It is extremely frustrating to be in this type of environment and you will be stuck waiting for dev/systems to fix issues on a daily basis. No advancement opportunities within DB - They will gladly allocate you to 120% because they like to "run lean", but they don't like to actually recognize employees monetarily. If you ever do get a promotion within the team, don't expect a good pay raise. Atrocious raises - With each year the raises are getting worse. After leading major projects and putting in a bunch of overtime, I was presented with a 1.5% raise. Others received worse percentages. Make sure you haggle on your starting salary, because you will be at that same pay until you get out of the department. No incentives - The only incentive is if you are hourly and can work overtime. Otherwise, you won't get recognized and there will be some time of excuse why raises/bonuses are low despite making record profits. I don't know many coworkers that want to stay in the department. Cheap - When they do encourage team bonding, they make it known that it is NOT funded and that you have to pay. Example - lunch outings with new teammates will be talked about for a week in advance and is highly encouraged to attend, but you will have to pay for yourself. When they used to acknowledge birthdays within the group, the cakes had to be bought personally by management without being able to expense them. Benefits - There are health benefits, but they have increased ~220% within 2 years. So you make less money by staying with the company. If you want any type of health reimbursement, you have to track your daily fitness/diet/etc; which they do reimburse $125/quarter, but it is very time consuming Menial tasks/job - The job itself is very menial. Other departments test a lot more that seem to overlap. You will not build any skills with this position. The hardest part of the job is understanding the complex systems, and when you have a good idea how they should function, they do not actually work. You spend most of your time writing defects. Each environment has limitations that seem to fluctuate per project. You will not build any skills that will help you develop professionally and could hinder future opportunities. Access issues - There are so many different systems that you need access to. You will not know that you need access to a specific table/environment/program/system until you lose it and can't access something. Then you have to wait days in order for them to give you access permissions again. You will be "voluntold" to participate in certain tasks that are not related to your role (or even department), have no prior knowledge of and are projected to "only take 4 hours", but they end up taking multiple weeks while you still have project work to maintain. That will be on addition to the 120% allocation that you already have for projects as well. The main application used in DB is 20+ years old. The code is basically all patchwork to fix problems on top of problems. There's "known issues" within certain functionality that isn't actually known among teams until a high-level dev informs the teams.

1.0
Jan 30, 2013
Recommend
CEO approval
Business Outlook

Pros

Great name brand that people seem to trust, for now. Free coffee. Well, that's about it folks.

Cons

The mangers at the branch could care less about the clients and their assets. It is all about what the account executives are doing with the clients money. Get that money invested at all costs. Stick 'em in mutual funds, annuities or PAS managed program so they can charge them fees. Fidelity investors do not realize they are being duped by purchasing their no load funds. Why? Because their funds tend to have higher turnover ratios that in turn allow their fund managers to perform trades. This equates to significant trading costs that are not disclosable under current law. Investors only see the fund expenses and forget the hidden fees. Do you really think they are going to give good advixe and not be charging you anything people? Really? Furthermore, they treat their superstar higjly experienced people the same as the ones they are getting rid of. It's all about brown nosing at that place. Quality employees leave within 24 months. The bad ones stay because they cannot get hired anywhere else. Their micro management, cukture of fear and intimidation, and peanuts for pay make this place highly avoided by the top 10% of financial advisors from other firms.

1.0
Oct 3, 2012
Recommend
CEO approval
Business Outlook

Pros

It's a job and pays the bills. That is what I can say about Fidelity. It USED to be a good place to work, but things have changed there dramatically.

Cons

Very condescending, little or no advancement if you are female with children or an ill spouse. They treat you like dogs because they know they can in this economy. Best friend comes home in tears - lecherous treatment of women in the finance side of the business. You have to be gorgeous and LIKE that kind of attention, or male and have little or no encumbrances. They are turning all of their business over the India.

Viewing 292 - 294 of 18,395 Reviews

Glassdoor has 21,240 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.