Working at fidelity?

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Nov 2, 2009 9:39 pm

what's it like at fidelity? what exactly is the day-to-day like? how would i compare with working at an mssb or indie b/d?

Nov 2, 2009 9:56 pm

you are an order taker at fidelity, kind of like a personal banker (not even an fa) at a bank.

Nov 2, 2009 10:14 pm

what's the pay like? would u really say it's a lowlier life than that of a broker at an indie b/d, cold calling 55 hours a week?

Nov 2, 2009 10:24 pm

Very much so iceco1d, thanks

Nov 4, 2009 10:39 pm
iceco1d:

No one said "lowlier." Just not even a comparable profession. In fact, in the early years, you'll probably make more at Fidelity, with fewer hours, and less stress. It's a job. Salary + bonus. Set hours. Not much reason to grow. You can make $100K, maybe $150K. You can make $50K. At a wire, indie, EDJ, or insurance company, your early years will be stressful. You will work a ton of hours, or get fired. You will be overworked, and underpaid. After about year 5, maybe year 10, you will control your life almost like a business owner (or exactly like a business owner, depending on what channel you go with). You can CHOOSE to continue working 50, 60, or 70 hour weeks, and make a million dollars a year (or more) in 10 years. Or, you can CHOOSE to work 20 hours a week, and make maybe $150 or $200K a year. Or anything in between.Just realize, they aren't comparable jobs. Not to belittle working at Fidelity, but if you work there, don't expect anyone at a wire, EDJ, insurance co., or indy b/d to give a sh|t a) how long you worked there, or b) how many assets you "managed" while there. They won't care, because it isn't the same job.On the other hand, if you start at a wire, or EDJ, etc., and decide it isn't for you, you can probably land a job more easily at Fidelity/Schwab/etc. because you'll already be licensed and have some experience working with clients and the market.Hope that helps.





well put