Taro Logo

Declining opportunities for IT staff

Software Engineer
Current Employee
Has worked at Fidelity Investments for less than 1 year
September 8, 2008
Durham, North Carolina
3.0
No CEO Opinion
Pros

Location (for Boston employees), multiple fringe benefits. Some good middle managers. It really depends which part of Fidelity you work for, though. FMR is the way to go, with less likelihood of being outsourced or downsized.

Cons

Lack of opportunity for career advancement in IT.

Locations (non-Boston).

There is an unspoken expectation in some departments that you will work above your normal hours and not complain or expect any compensation for the time.

Advice to Management

Fix the mess in the multiple IT departments.

Take a long, hard look at what outsourcing does to the morale of the non-outsourced staff – not just how much money you think you are saving.

If you are serious about cost saving, why relocate staff at great expense to various locations, then spend a fortune on having senior management visits?

Invest a little money in a better-defined training schedule that allows IT staff to retrain into newer technologies without having to start at the bottom again.

Was this helpful?

Fidelity Investments Interview Experiences