Fidelity on track to hire 16,000 this year, offers free tuition as perk

Entry-level customer service workers at Fidelity call centers across several states can get free college tuition.
Entry-level customer service workers at Fidelity call centers across several states can get free college tuition.
Pexels

Fidelity Investments said it still plans to hire more than 16,000 people this year and is offering some workers full college tuition as an incentive.

The tuition benefit will be extended to entry-level employees who answer customer service calls at several locations including Texas, New Hampshire and Kentucky, the Boston-based firm said Tuesday in an emailed statement. The perk, which also includes books and other fees, is contingent on the recipients majoring in fields relevant to Fidelity's business. 

"Offering a fully funded undergraduate degree is a great way to get people excited about working here," Kirsten Kuykendoll, Fidelity's head of talent acquisition, said in the statement.

The firm met its goal of hiring 12,000 new employees by the end of the third quarter, according to a representative. 

Fidelity is among the world's largest money managers, with $9.9 trillion of assets under administration at midyear and, at the end of August, a workforce of more than 60,000. 

Bloomberg News
Industry News Fidelity Investments Recruiting
MORE FROM FINANCIAL PLANNING