Fidelity Investments reviews

The firm constantly states how conservative and honest they are, but that is only in regards to their clients, not employees. Upper management constantly lies about anything and everything. False promises across the board. Stated that simply working a full calendar year qualifies you for their 10% profit sharing payout. After a year of work, told we wouldn't be receiving the payment because we missed the "deadline" that was never mentioned. When speaking to managers/directors about why this was never mentioned to us, simply told that "you should have received it." Promotions are just lateral moves. Want you to assist their customers on the phone, but if they talk to much it ruins your metrics and you get yelled at for it. Nothing is done to problem customers. You will spend an hour on the phone calling the Risk group about a blocked account for someone who a negative balance with the company. Of course you can't hang up on them either. Don't let them lie to you about how you're a "financial professional." Very little finance, everything about appeasing their horrible client base. "Promotions" are almost constantly handed to the most unqualified applicants. It isn't what you know or how well you perform within your role, its all about how big of a shill you can be for the company. When applying for a new position, every female candidate will be promoted regardless. This trend can be seen throughout the whole company. Women make up maybe 10% of Personal Investing but when it comes to manager roles its around 70/30 Female to Male. If you're looking to get sponsored for your 7/63, work here for the 2 months it takes to get them and then leave like everyone else. Turnover rate is rampant. Pay is garbage and no one is looking out for you. Wait for the near future for more layoffs. Vanguard is taking all of Fidelity's clients and no one is safe from the chopping block.