Asking on behalf of friend. Fidelity investment and mc both want to offer senior engineer role and tc is same with col taken account. Both will do h1b and perm greencard. Trying to figure out safety wise where is it safer in recession. Did research on both but can't information on mass layoff. Did find stealth mc rif in 2015 and stealth Fidelity firing in late 2019 early 2020. Both companies still hiring but probably due to low tc and backfill for attrition. Fidelity is private so maybe that is a plus. Both of us did not find anything substantial regarding layoffs. For fidelity there were job cuts in great recession https://www.reuters.com/article/fidelity-layoffs/fidelity-starts-second-round-of-layoffs-idUSN0351286020090203 Mastercard as well. Earning reports show severance handouts but don't know depth although severance package costs were in millions although company was like 6K people https://seekingalpha.com/article/118824-mastercard-incorporated-q4-2008-earnings-call-transcript I think MC caries more weight on resume. Tagging visa inc too since their earning reports for great recession Era shows severance handouts too. What do yall think? Fidelity or MC? The better option? My tc 175K His tc 100K New tc 140K #pip
Mastercard’s 401k match is one of the best in the world. You put in 6% and they put in 10%. Pretty good other benefits as well. Decent base and amazing bonus but pretty much no RSUs compared to other tech.
Wlb for mc role is not great. His hm told him so. Mdes team.
Yeah it depends on your role. I was on MDES and the SWEs have it a lot worse than product/program folks
Have seen quite a few people from MS are inquiring about Fidelity lately. Odd... WLB is very good. When I was in office pre pandemic, I leave around 5-5:30 and the vast majority of people were gone by then. There are probably good few people have it bad, but the fact that there is no trading during weekends and holidays, it means it's unlikely you'd be needed during weekends/ holidays even if you work on mission critical apps Layoffs. I joined early 2011, and have heard rumors of layoffs twice, both before 2014. There were two VBOs in the past 5 years, but those are targeted at old/long tenured people. Pre-pandemic, we did also have what's called "site strategies", which basically move your jobs among sites (BOS > NC, NC > TX etc). You can move with the job, find another one internally at your current site, or get severance. It used to happen once 3-5 years. Hasn't had it for 4-5 years now, probably largely thanks to the pandemic
Do all seniors get 20 percent bonus?
Yes. But it will be multiplied by your personal rating. Bottom performer 60%, low performer 70-85%, average 90-95%, high performer 100-110%, top 120%
Don’t join Mastercard
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What happens when most of your team is Indian?
Fidelity is a tough place. I've worked with a number of fidelity leaders + they are demanding. Also ambitious. What that translates to is long hours and stressful projects. It's also highly regulated, moreso than credit cards. Regulations = higher standards. Though, this is with a few people. I don't know any of the less demanding leads. On the other hand, if you're a high performer .. you can make a mark and impress the right people. Easily. That translates into career-making opportunities + work that can catapult you up levels in the future. So, sum it up, I'd avoid Fidelity if I had the choice. Great company but I want WLB.
Bad wlb in Fidelity? I am talking about tech roles. Thought they were a retirement club
Appearances can be deceiving. If you're getting hired with them, I have a feeling I know what project you may land on. They recently took an acquisition from Empower. An acquisition which has been revolving around the RS industry for a while. (As in, this garbagefire of a system that has switched hands about 5 times so far - and caused losses for everyone who has tried to work with it.) On the other hand, I didn't mention. If I see a couple years at Fidelity on someone's resume that landed in front of me, I'd push to get that person hired. I think the better way of putting it is stressful. Missing a deliverable and delays & such does not blow over well. < extra hours/extra stress.