Fidelity Investments: College Tuition Support For Employees

Fidelity Investments, a Boston-based financial services company, offers a range of benefits to support its employees' education and professional development. Notably, the company has introduced a Fully Funded Undergraduate Degree Program that covers tuition, books, fees, and taxes for select four- and two-year programs for entry-level employees pursuing business and financial services degrees. This initiative aims to remove higher education barriers and enhance career opportunities for its associates. Additionally, Fidelity Investments provides student loan assistance and summer internship programs for undergraduate students, demonstrating its commitment to empowering employees and fostering their growth.

Fidelity Investments' Fully Funded Undergraduate Degree Program

Fidelity Investments, a Boston-based financial services company, has introduced a fully-funded undergraduate degree program for its entry-level employees. This program is specifically aimed at customer service phone representatives working in the company's regional centers in Westlake, Texas; Merrimack, New Hampshire; and Covington, Kentucky.

Through this initiative, Fidelity will cover the costs of tuition, books, fees, and taxes for select four- and two-year programs for employees seeking degrees in the business and financial services industry. This means that employees can obtain a business degree without having to worry about the financial burden of tuition and other related expenses.

Kirsten Kuykendoll, the head of talent acquisition, highlighted the benefits of this program, stating, "Offering a fully funded undergraduate degree is a great way to get people excited about working here. We're looking for applicants with customer service skills and the drive to make a difference in people's lives."

Fidelity's program demonstrates its commitment to removing higher education barriers for its associates. The company has a history of supporting its employees' educational pursuits, as evidenced by its student debt repayment benefit program, which has eliminated a significant amount of principal debt since 2016.

In addition to the fully-funded undergraduate degree program, Fidelity also offers internships and co-ops for undergraduate students through its Fidelity Intern Program. These positions are paid and provide valuable experience and insights into the company's business and culture.

Fidelity's student debt repayment benefit

Fidelity Investments is committed to removing barriers to higher education for its associates. The company's student debt repayment benefit for associates has eliminated $67 million in principal debt, $31 million in interest payments, and 9,737 years of loan debt payments for associates since 2016.

Fidelity Investments is the latest company to join the ranks of employers who are assisting their employees in paying for college. The Boston-based financial services company has announced that it will cover the costs of tuition, books, fees, and taxes for select two- and four-year programmes for entry-level employees pursuing degrees in the business and financial services industry. The Fully Funded Undergraduate Degree Program will pay institutions directly, eliminating the need for reimbursement.

The programme is aimed at entry-level customer service phone representatives working in the company's regional centres in Westlake, Texas; Merrimack, New Hampshire; and Covington, Kentucky. Fidelity's head of talent acquisition, Kirsten Kuykendoll, stated that offering a fully funded undergraduate degree is an excellent way to attract talent. The company also provides free coaching for school selection and area of study, as well as support for balancing work, life, and school.

Fidelity Investments is dedicated to empowering its employees and providing them with opportunities for continuous growth and development. The company prioritises the talent, skills, and professional development of its future leaders by recruiting both undergraduate and graduate students for internships, co-ops, and full-time programmes. Fidelity's benefits, which include student loan assistance, reflect the company's belief that a balanced life enables individuals to achieve their goals more effectively.

Fidelity's internship program

During the program, interns will work independently and as part of a wider investment team, conducting research and presenting their findings to senior investors. They will also be mentored by a director of research and learn from portfolio managers, allowing them to develop their analytical skills and build their professional network.

The internship is open to applicants from all degree disciplines and academic achievements, creating a diverse and inclusive environment. The selection process involves an online application, a strengths assessment, a virtual interview, and an assessment centre with technical, commercial, and motivational interviews.

Overall, the internship program at Fidelity offers a comprehensive and supportive experience for interns, providing them with the skills and knowledge to succeed in the asset management industry.

Fidelity's focus on employee empowerment

Fidelity Investments is committed to empowering its employees and helping them develop skills and connections that propel their careers forward. The company offers a range of benefits and opportunities that demonstrate this commitment, including:

Student Loan Assistance

Fidelity understands the importance of education and offers student loan assistance to its employees. This benefit has helped associates eliminate a significant amount of principal debt, interest payments, and loan debt payments.

Entry-Level Opportunities

Fidelity provides entry-level roles that serve as a great starting point for individuals to jumpstart their careers and develop a path toward continuous growth within the company. These roles are available in various teams, including customer service, asset management, consulting, operations, and more.

Summer Internships

The company offers a 10-week summer internship program for college-level students, providing them with valuable experience and the opportunity to secure a full-time role. Interns work on real-time business projects and gain a realistic sense of the work involved in different areas, collaborating with full-time associates.

Focus on Sustainability and Diversity & Inclusion

Fidelity prioritizes sustainability and is committed to having a positive impact on its employees and communities. The company also values diversity and inclusion, fostering an environment that embraces individual differences and unique perspectives.

On-Site Health and Wellness Centers

Recognizing the importance of work-life balance, Fidelity offers on-site health and wellness centers as part of its benefits package. This approach demonstrates the company's belief that a balanced life enables employees to better achieve their personal and professional goals.

Fidelity's commitment to diversity and inclusion

Fidelity Investments is committed to diversity and inclusion, which it sees as key to driving its business forward. The company has published a Diversity & Inclusion Report annually since 2019, with the 2023 report highlighting the meaningful steps taken to advance its commitments to diversity, inclusion, opportunity, transparency, and accountability.

Fidelity has a system-wide approach to ensure its efforts are positively impacting associates, customers, and communities. As the working world evolves, the company is adapting its hiring processes and working environments and is committed to building a diverse workforce that matches its growing customer base.

Fidelity's comprehensive approach to diversity and inclusion involves:

• Listening to associates and building the workplace around their needs, with benefits designed to support their total lives.
• Providing dynamic career opportunities in various areas, allowing associates to build a diverse portfolio of skills and experience.
• Community engagement through employee volunteerism, sharing expertise and resources to deliver financial literacy educational programming, activities, and grants to local nonprofits that drive financial inclusion.
• Improving the customer experience for individuals with disabilities and users of assistive technologies.
• Committing to supplier diversity by procuring goods and services from businesses that reflect and value the diversity of its customers, including those owned by women, minorities, LGBTQ+ people, veterans, and disabled people.
• Investing in My Education (ME)SM, an initiative providing access to education and ongoing support to underserved high school and college students. The program combines student scholarships with resources to complete degree programs and pathways to post-graduation employment.

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