Fidelity Investments

What is the view around here regarding Fidelity Investments? Prestigious or not? I know its a reputable company, but does it rank up there with some of the other large investment houses? How about their trading groups? If you had the option to start off on the retail side then possibly move into institutional S&T at Fidelity or work for a BBs PWM group, which would you choose? I am currently looking at both and having a tough time deciding, so I just want to hear some opinions. I understand the difference, just want to hear the pros and cons of both. Thanks!

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I have two contacts at the firm and they both had really good things to say about the company - both in equity research so this might not be too relevant but for what it's worth one turned down an offer at a BB IB and the other with a hedge fund and from past posts on WSO and from one of the contacts, I hear it pays really well.

Not to sure about the retail side (I'm assuming a broker/sales type job) but I'd guess it would be tough to move from there to Sales & Trading

 

One of my contacts there said that after about a year or two on the retail side they are very open to allowing ones move to S&T, or really any division there, as most of their hires are internal. But thats something I was hoping to verify on here as well. Thanks for your response kb.

 

a family member of mine works in equity research at fidelity management & research co - basically the buy-side research house for the funds. It's an unparalleled experience and likely one of the best tracks you can get to a Portfolio Mgr as an undegrad since you'll be hard pressed to find a buy-side research job like this anywhere pre-MBA. The down side is that they VERY RARELY hire undergrads outside of Harvard, Yale, and MIT. If you go to those schools, then great, otherwise, you had better network your way in somehow.

 

In terms of prestige, Fidelity is near the top of the list. There are only a few shops that large that could be placed in the same category with Fidelity, i.e. Wellington. If you're going to be in AM/MF/HF there really isn't a better place to start your career. Their alumni network is enormous which will almost guarantee placement at a top bschool.

 

Thanks guys. Do you guys have any suggestions for someone in my situation to break into the field? I don't have the ivy, the gpa, or even the business background......

 

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