Fidelity Investments reviews

4.1

79% would recommend to a friend

(18,445 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 18,445 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 Financial Services industry (3.7 stars).

Reviews by job title

18K reviews
3.0
May 29, 2023
Recommend
CEO approval
Business Outlook

Pros

Amazing pay for start of career. Good training for fundamental concepts but once this is established not a place for creative concepts and independent thinking. Management wants you to ask same questions and run same exact process on every single client regardless of situation.

Cons

Middle management doesn’t care about clients and relationships. This is strictly a sales role and very minimally a planning role. I think if upper management knew how investor centers were being run and how churning clients and quick selling was being pushed they would be disturbed. Clients usually sell out of managed money within 5 years bc they were falsely sold, they’ve had advisor turnover once or twice in that timeframe, and managed accounts underperform their own asset manager funds. If you want a real financial planning career go to an RIA after 1-2 years in this role

2.0
Apr 4, 2022
Recommend
CEO approval
Business Outlook

Pros

Profit sharing is the best in industry - you need to stay 5 years to keep it Career growth and training is excellent - as long as you know the right people Tuition reimbursement is excellent Remote work is very nice

Cons

Read "Think Again" by Adam Grant - Fidelity is one of those companies that does not encourage thinking outside the box. Being wrong is not a virtue, nor is humility. Egoism thrives at Fidelity. Not a safe place for questioning the status quo. Do not criticize the process. Its all about who you know and not what you know. Skills development is limited. Once you hit the limit, hit the door on your own and look for a company that encourages personal growth, otherwise you might get stuck in your role with no relevant skills. This is a spreadsheet and numbers company, not a people company. Your experience is highly dependent on your manager, who likely did not even do your job.

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Fidelity Investments Response
4y
Thank you for taking the time to share your experience at Fidelity with us. We strive to create an employee experience that serves the employee and allows them to do their best work. We would like the opportunity to listen and hear your thoughts directly. We can be reached at 800-835-5099 Prompt 2, 4, then 1.
4.0
Nov 29, 2021
Recommend
CEO approval
Business Outlook

Pros

Lots of assistance offered to get you licensed (SIE, series 7, series 63). Inclusive culture is pushed (don't expect everyone to be that way, but at least they try to make it welcoming). Better than minimum wage. Opportunities for growth.

Cons

UNDERPAID! This role requires you to live within 100 miles of Fidelity, yet they do not pay enough for a person to afford to actually live by themselves near Fidelity which is absolutely shameful. It is like being in a minimum wage job except with better pay (though, like I said, still underpaid). You get limited breaks, you are expected to clock in ten minutes early each day, it can be difficult to use your PTO. The customer's rate us on a 7 point scale, but the only acceptable score is 7 points. If you get rated a 6, that is considered failing. This role is very challenging and directly customer facing. There is a lot of pressure because you are dealing with customer's money. Fidelity throws you right into it, I did not feel ready to be moving money for customer's on my own but you just gotta do it. It is great that they sponsor you through the licensing process, but it is really easy to get burned out by their pace. Then, if you fail, prepare to be "let go." It is a FINRA rule that licensed employees cannot work from home full time without an exception process that Fidelity is not interested in participating in (it would require them to inspect your home office so I can't blame them for not wanting to do that). We can WFH right now, but will be forced to go in at least part time once it is deemed safe. Fidelity is really pushing for people to return to the office, lots of pressure to participate in "connect weeks" which is where you volunteer to go back to the office. They send you a lot of free stuff but most of it is junk. Like cheapy backpacks/mugs/merch you didn't ask for. I am putting this as a con because even though it is nice to receive free things and in the moment it gets you feeling part of the group, this practice has to stop. It is not good for the planet to keep producing useless junk.

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