Folks in less expensive offices (e.g. NC, Texas...), do you find Fidelity pays the best, locally?
I'm a L7 at NC, 35% Bonus + 17% 401k + Shares amounts to whooping 87% of my base pay, which makes it hard for me to leave for other local companies, even though they offer higher title they can't match Fidelity's total pay package.
I'm especially interested in hearing from folks from Texas office, as there are so many more local opportunities there than NC. Thanks.
Could it be that Fidelity's pay package skewed higher at higher levels? Now that we have a level 7's perspective, interesting to see some L4, 5, 6 level's data points.
@h8, thanks for your insights. Could you please share your location, or even better, the names of the companies which pay better than Fidelity. Note, we're specifically talking about low cost of living areas such as NC, Texas, Kentucky... I relocated out of and have zero interests living in high cost of living area New England area.
The one data point from NC which I'm interviewing:
Fidelity's base pay is lower but the extra is much bigger.
No. Fidelity pay - all in - is not competitive. Especially how they are working shares and bonuses. Their salary is 75% of the competitors. If you jump ship, you”ll get a huge raise. I come from outside fidelity and I made significantly more. I came to fidelity thinking the culture would be better. It’s not, so I will go back to making more and being in the same culture as fidelity
Fidelity pay well in Dallaspuram . Other company pay very less .
@br, OP here. I'm doing Fidelity a favor by staying so long (barely > 5 years to get vested) as a L7, and I share your sentiment towards the L7/L8/L9 dinosaurs around me who are unqualified but gave me SP ratings for my EP work year after year.
That's why I feel even more sad knowing Fidelity pay the best locally in NC. Considering moving to Texas for more non-Fidelity opportunities. So folks in Texas, does Fidelity pays the best in there?
good going dinosaur!! we are in rut, while gas banks in your positions eat our dinner.. grade 5 and below bite the dust...Good going dinosaurs and cousins of SVP's..
There's more to a job than money. Sometimes taking a pay cut is worth it if you're no longer miserable, only have to go into the office a couple days a week, and have a more manageable workload. I left Fidelity for a lower paying job but when I factor in the hours worked, I make more per hour now than I did at Fidelity.
Tried and failed Google Durham office. Don't want to try again for the golden shackle around the niche and limited roles there.
In NC Fidelity pays very well compared to almost everyone else. but don't forget there is apple, google etc local offices. There was a ton of remote higher paying options too, but those are harder to find now.