Pros
The collegial atmosphere allows employees at Fidelity to work together towards solutions by bringing diverse knowledge through cross-business teams. Instead of working in Silos we communicate with business partners having experience in multiple industries. This allows quicker responses to client needs as well as the most efficient process to bring the most relevant new products to market within budget and original timeframe. The benefits packages include health insurance, life insurance, short and long term disability, corporate perks, share ownership in a private company, and 401k. Management is very flexible when time is needed for personal needs. The properties are taken care of and kept current and the food at Sebastians(internally owned caterer) isn't half bad!
Cons
It can be tough to see people promoted or hired for choice jobs because of who they know or where they went to school. This problem though seems to be endemic to the entire business world. You have to manage your time appropriately to allow you to keep up with your current tasks as well as learning more skills and making the right connections to be properly positioned to advance your career. If you are not a Type A personality you can get stuck in a role performing the same tasks over and over without much growth potential. You have to take initiative and make it known that you want to move ahead. Some management will not support your career goals as it causes them to have to backfill which can be a challenge.