Pros
Fair pay (not exactly up to industry standards, but OK) and AMAZING benefits! Health insurance, life insurance, many discount benefits through a number of vendors (Verizon, etc.), great short and long term disability insurance and of course a decent retirement plan.
Cons
When it comes to advancement at Fidelity the mantra is, "It's not WHAT you know, but WHO". Your skills and experience mean very little when it comes to advancement. To get ahead you just need to be friends with the right people. It matter more who you play golf or poker with than what your experience or expertise is. And it's starting to show in the quality of the firm. As is the compartmentalization of duties and leaving major decisions to each units management team with very little oversight. This has created a few sandbox bullies who have been allowed to run roughshod over their particular departments without any ramifications. So weigh your options carefully if you're looking at applying at Fidelity.