Fidelity Investments yearly raises/stocks
Hello Everyone, I am considering an offer from fidelity investments and wanted to know what the yearly raises and bonus amounts at fidelity looked like? Also does anyone at fidelity have any more details about how being given stock at fidelity works? (Amount, vesting period, etc ) Here’s the offer: base: 110k, sign-on: 30k bonus percentage: up to 25% I know there’s profit sharing of 10% and a pretty generous 401k Match too, but let me know if I’m missing anything else. Current TC: 90k #finance
it may be worth asking the recruiter about the shares bonus; it is somewhat complicated, and a lot to type on the phone. you wont see any shares payment until at earliest 2024; you get awarded them at end of year comp review, and paid out after holding the shares for a year.
Thank you, I think that’s a good idea. Do you have any idea how common it is at the L6 level or L7 level? I’ve been told it’s fairly uncommon at least for the first few years at L6 level
hm hard to say, we all probably have small biased sample, and im hesitant to extrapolate. my observations for 6/7 are there are a few folks who regularly get zero, while everyone else got shares.
Shares only to top performers below L7 (ie only ~20% of folks). Below L7 get shares that vests every 2 yrs. Bonus is dependent on company and your performance. Avg. performance will give you 80% or high (90% company & 90 % your ie 90% of 90%).
Is it pretty much everyone get shares at L7 and above then?
Almost. Participation rate is 85%
I think for shares you need to hold two years to get the real value. For the raise it is really depends on the year and department, so many differences.
It’s probably different at your level but for me the EOY raise was 3.5% with an 8% bonus. It was the same for everyone in my class. Everyone also received 30 chairman’s shares which vests in 2 years based on the company’s quarterly performance. I heard that 50 shares is worth around 10k after 2 years so I would imagine it’s around 500/share. All full time employees also received a 5k bonus separate from EOY one bc of company performance/retention.
Does everyone on this thread enjoy working at fidelity? Or wish you were at a more traditional tech company ?
If you are ambitious and want to move fast, Fidelity isn't the best place for you as internal politics takes time to understand and sort out. But over and above that, it has generally got decent WLB so you will find people sticking around.
Do you think you can move roles every 2-3 years? Either for promotion or laterally? I’ve been told you can do that fairly easily
Was that for average or above average personal performance? 12% seems really high, but congrats! Either way seeks like fidelity raises can vary a lot by division, role etc
Wow fuck this that’s more than me
Can you just comment generally how often raises occur and what the general percentage is? Do you ever get 5+% raises or is it usually 2-3%
I got 5% this year but my base is pretty shit so