The pay is great, bonuses are good and mobility is pretty damn excellent.
Yet I come on this sub and see pretty negative comments.
Fidelity pays for your CFA which has been a pretty good benefit.
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I’m in HR. I represent Fidelity’s interests not yours. I post on boards to boost Fidelity image. I just graduated college. I think Fidelity is great.
who looks at jira to see code contribution? make git-quick-stats your friend.
what is on line of coding???? Maybe there is a reason they don't know it.
Fidelity is a good company and the upper level on this case is open to agile mindset. The trouble in fidelity is that you see principal software engineers that don't know on line of coding. I work with a guy that will become a Chapter lead in some time and the dude don't know sh-t about software development. He ask me everything on the background and his code quality and lack of basic skills is revolting. I have no interest in leadership by the way but in the same BU has real software engineers. You can analyse the Jira contributions on my team and the folks don't deliver sh-t. They just pretend to do something and lead something. Is revolting.
Show me a comment board that isn't negative. Human nature at work.
or be on your SVP's golf team
First, salaries are regional within the US. Same is true worldly.
Within the Northeast, NH vs MA salaries vary (MA salaries higher).
Fidelity does have industry standard salaries, nothing more or less. They are a huge company so salary “adjustments” happen extremely slowly.
Fidelity has slightly better benefits since Abby took over as she is trying to be more progressive with benefits.
If you want to make more money at Fidelity, you need to attain as much knowledge in you current position as fast as you can and the move onto another better position moving up each time. If you stay in the same position you will stagnate.
That all said, those that have brown noses also tend to move up more quickly as their are many people in leadership who are insecure and need the daily false praise.
I'm in Equity Research.
I graduated from university 3 years ago.
I make around $180k a year (base + bonus).
No one but me knows this, I live in homeless shelter and answer the phones.
Principal level software developers max is somewhere in the mid to high 130s at Fidelity. That is low compare to other companies pay 150-160k for Principal level. You need to be director level to get that salary at Fidelity
For those who think pay is great, what is your salary?
I’m positive it’s you.
See, I’m being positive 😄
It’s all about what BU you work in. Stay away from EI & ECC if you want any quality of life outside of work, not to mention the pay in these two business units is incredibly subpar, and unless you’re a brown noser you will not ever see meaningful shares.
@There is always enough prop up PM bonuses. Everyone else gets to share the left overs.
That's because everyone else is a cost function.
PMs get access to P&L because they create the value.
Lol, I can assure you that this is not a paid advertising campaign lol.
If it were, it wouldn't be on a niche website dedicated to layoffs.
I've worked at other asset management companies in their equity research teams and Fidelity is pretty good by any standard.
There are plenty of things I don't get about Fidelity for sure for example. It has a convoluted organizational structure with two separate companies that essentially operate under the same name. It's not the most efficiently run company either.
Some people work their butts off for raises far less than inflation, doing way more than what they are supposed to for nothing. It is frustrating working for such a wealthy company and being compensated peanuts. Especially in today’s world. If you look at amstufies if what the equivalent of minimum wage is etc it’s very sad. The salary grades need a reboot.
spot on @fgg+1lucpb4v
In AM/IM - sure the pay is great. It's not in other roles. Paying for CFA? I wish Fidelity realized it's 2023 and opened this benefit to other credentials. They won't pay for any AI or ML or Quant training. Yet they say that it's hard to hire talent (because of low pay) in those areas. There is always enough prop up PM bonuses. Everyone else gets to share the left overs.
This whole site is about layoffs and a possibility of layoffs, so it's not odd that many people frustrated with their work conditions or scared for their jobs come here to read rumors or just vent. What I find odd is that someone so satisfied with his job and benefits comes here at all. Call me paranoid, but this whole thread looks like lame PR stunt.
software development jobs at Fidelity is way below average. Do the research. They try to make it up in the bonus and profit sharing but bonus percentage is not a guarantee.
What?
Pay is pretty good and comparable to other asset management firms.
Plus, your bonus as a portfolio manager is incredibly lucrative so I've got to disagree that pay is sh-t.
Even equity analysts make a very good amount as long as they can perform well.
Cheap fu---r company with sh-t a-s pay
I think it's human nature to commiserate about the job. You could have the perfect job that pays a million dollars a year and you would still find something to beeyotch about. Truly unhappy people just leave
I switched careers in 2006. I got hired as a pension specialist at fidelity. I applied for tech jobs and got a job as an associate software developer in 2008 (I already had a bachelor of mathematics). Fast forward to today, I've kept the proverbial lifestyle creep at bay and lived off of my 30k salary from 2006 til today. I've invested the rest. I hope I get a buyout. and if I don't, I like my job anyway. Program computers, solve problems and I have to go into the office only 5 days out of the month. What's not to like? Absolutely loving my life and already achieved financial independence because of FIDELITY. Thank you Fidelity!!!!