I been following this site for a while wanting to work here. Is it that bad with management?
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FIDO going agile made it such that my direct in line manager who was technically adept suddenly had to defer to non-technical squad leaders who were suddenly calling the all shots with no in depth knowledge of how stuff works.
Management has been declining since I started working here. The firm hired too many inexperienced managers during COVID. They’re either an amazing manager or someone that will make you want to quit. There’s no in between, management is very weak.
I agree with a previous comment, lack of transparency. And the thing is Abby is starting to force her hand on it and leadership is resisting cause they want to tell the story like they want it, not the truth. She is tired of folks blowing smoke up her butt and wants the facts so the company can act on it. So upper management is good, that mid-upper-to-lower level, questionable depending on where you are. but its a cr-p-shoot. I have zero issues with the company though. Its corporate, you can't expect much.
Depend on your career level. Fidelity is a great place for junior/senior/principal level individual contributors. If you're director and up, there're no upward mobility since there are limited positions up there and there are no down or out-mobilities for the incompetent.
It varies by business groups and within business groups. Truthfully, you have a 50/50 chance of getting a reasonably competent manager.
That said, there are too many levels of management such that you’ll be lucky if you don’t have a broken chain due to one bad link.
This prevents one from getting reasonable raises and bonuses.
No. Fidelity is a great place to work and build experience.
To be fair I’ve had much worse at other companies. The problem with Fidelitys leadership is the passiveness. There is no transparency and no reasons of why certain decisions are made. That way if things start burning down because of a decision they can point blame on other things. This place is very much a passive command and control environment right now. What’s really frustrating is Fidelity makes a lot of decisions to put people in leadership roles because of favoritism and ‘diversity’ so we have a circus show of a senior leadership team that can’t seem to make up their minds on how they want to implement their brilliant ideas that make absolutely no sense. All that being said it’s not a horrible working environment relative to other places I’ve been. Teams are good people to work with, benefits are amazing and pay is decent.
I interview here last week. Hiring manager was awful. Don’t know if I will get an offer but during my interview experience getting yell at. Might be he-l working for them.