Fisher Investments is a major global investment management firm with over $197 billion in assets under management. As one of the largest independent wealth management firms in the world, Fisher Investments offers exciting career opportunities for those interested in the investment industry. However, like any company, there are both positives and negatives to working there. This article will provide an in-depth look at the pros and cons of working at Fisher Investments.
Fisher Investments offers competitive compensation and benefits
As a large and successful investment firm, Fisher Investments is able to offer competitive compensation packages to its employees. According to Glassdoor, the average base salary for an Investment Analyst at Fisher Investments is $73,515, which goes up to $102,987 for a Senior Investment Analyst. Employees are also eligible for bonuses that can significantly increase total compensation. In addition to salary and bonuses, Fisher Investments provides benefits including health/dental insurance, 401(k) matching, education reimbursement and more.
Opportunities for career development and growth
With operations across the globe, Fisher Investments presents ample opportunities for employees to advance their careers. The firm emphasizes professional development through training programs, mentorships, and educational support. Employees can grow their skills and experience through rotations across different teams and departments. The firm also has a clear hierarchy that allows ambitious employees to work towards more senior roles. Many top executives, including CEO Damian Ornani, started in entry-level positions and moved up over the course of their careers.
Cutthroat and high pressure work environment
While the compensation and opportunities are enticing, former employees warn that the work culture at Fisher Investments can be grueling. The environment is described as intense, cutthroat and extremely high pressure. Employees are expected to work long hours, weekends and holidays to meet tight deadlines. The company has also been accused of using high turnover rates and frequent layoffs as part of its business model. Burnout and stress are common issues reported by employees.
Rigid policies and lack of flexibility
Many reviews cite Fisher Investments’ stringent policies and procedures as a significant downside. The rules cover everything from appropriate office attire to specific greetings employees must use on phone calls. Staff members have little autonomy or flexibility in how they carry out their work. Instead, they must adhere to standardized, micromanaged processes set by upper management. Those who fail to follow the rules face discipline or termination. This leaves little room for creativity despite the firm’s innovation messaging.
Toxic management and lack of diversity
There are recurring complaints about bullying, sexism and discrimination stemming from upper management at Fisher Investments. The executive team sets the tone for the entire firm’s culture which disenfranchises women and minorities. Harassment and favoritism are reported to be common issues that go unchecked. Many employees feel the oppressive environment thwarts upward mobility for qualified candidates who don’t fit the narrow profile of existing leadership.
Overall, Fisher Investments offers impressive pay, benefits and career growth opportunities. However, the high-pressure, cutthroat work culture coupled with overbearing management make it a challenging place for employees. Candidates should carefully weigh the pros and cons before joining Fisher Investments.