Fidelity Investments is a diversified financial services company with over $1.9 trillion in assets under management as of September 30, 2016. The firm provides advisory and administration services for recordkeeping and retirement plan services, asset management and distribution, mutual funds and other collective investments, brokerage, banking and retirement products to individuals, corporations and institutions.
Fidelity Investments is a financial services company that offers investment advice, brokerage, and retirement plan services. Fidelity offers competitive benefits packages to its employees and can be a good choice for entry-level financial jobs or starter careers.
As one of the largest securities firms in the world, Fidelity Investments is one of the most recognized names in financial services. With over $2 trillion in assets under administration and 42 million client accounts, you can expect to be working alongside some of the brightest minds in finance.
Starting Salary At Fidelity Investments Overview
Fidelity Investments has a few different grades of salary. The first is a customer relationship advocate, which is the lowest grade offered at Fidelity. This person will be responsible for training new employees on how to provide excellent customer service, as well as helping existing employees improve their skills in this area.
The next pay grade is grade 5, where the employee is expected to have some experience working in customer service and already knows how to perform their job well. Employees at this level should have demonstrated leadership skills and be able to train other employees as needed.
Finally, there’s grade 6, which requires an employee who has shown consistent excellence in both their work and their leadership abilities. These people will be given more responsibility than those in grades 4 or 5 because they have proven that they can handle it!
Fidelity Investments Overview
Fidelity Investments Inc., commonly referred to as Fidelity, earlier as Fidelity Management & Research or FMR, is an American multinational financial services corporation based in Boston, Massachusetts. The staff at Fidelity Investments come from unusually diverse demographic backgrounds. The company is 40.1% female and 37.2% ethnic minorities. Fidelity Investments employees are slightly more likely to be members of the Republican Party than the Democratic Party, with 55.0% of employees identifying as members of the Republican Party. Despite their political differences, employees at Fidelity Investments seem to be happy. The company has great employee retention with staff members usually staying for 5.5 years. The average employee at Fidelity Investments makes $80,905 per year. Pay at Fidelity Investments is significantly lower than some of its highest paying competitors, like Nomura Securities, First Republic Bank, and Deutsche Bank, which pay $113,148, $110,604, and $109,390, respectively. Fidelity Investments is an industry leader with 50,000 employees and an annual revenue of $18.2B that is headquartered in Boston, MA.
How Much Does Fidelity Investments Pay?
Fidelity Investments pays an average salary of $80,905 per year or $38.9 per hour. There is a significant gap between what Fidelity Investments pays the bottom 10 percent of earners and the top 10 percent of earners. The lowest-paid workers at Fidelity Investments make less than $44,000 a year, while the highest-paid workers earn over $146,000. Your field of work can impact your salary at Fidelity Investments too. The highest-paying organizational functions at Fidelity Investments are business development, where workers earn an average salary of $119,426 per year, and engineering, where employees earn an average yearly salary of $110,369. Due to variations in the cost of living, location influences how much Fidelity Investments pays employees. Fidelity Investments pays employees the most in New York, NY and Los Angeles, CA.
Fidelity Investments Pay By Location?
It’s no secret that workers earn different salaries in different parts of the country, since the cost of living can be much higher in certain areas. Looking at our data, we can see that employees at Fidelity Investments earn more in some areas than others. Our data shows that Fidelity Investments employees in New York, NY get paid the most, where the average yearly pay is $93,212. This can be compared to Los Angeles, CA, where Fidelity Investments employees earn an average salary of $89,898.
Salaries By Location At Fidelity Investments
| Rank | Location | Average Fidelity Investments Salary | Hourly Rate |
|---|---|---|---|
| 1 | New York, NY | $93,212 | $44.81 |
| 2 | Los Angeles, CA | $89,898 | $43.22 |
| 3 | Jersey City, NJ | $83,804 | $40.29 |
| 4 | Boston, MA | $81,261 | $39.07 |
| 5 | Merrimack, NH | $78,199 | $37.60 |
| 6 | Smithfield, RI | $76,858 | $36.95 |
| 7 | Chicago, IL | $71,291 | $34.27 |
| 8 | Durham, NC | $70,666 | $33.97 |
| 9 | Westlake, TX | $68,828 | $33.09 |
| 10 | Covington, KY | $67,040 | $32.23 |
| 11 | Albuquerque, NM | $65,844 | $31.66 |
| 12 | Salt Lake City, UT | $65,803 | $31.64 |
| 13 | Denver, CO | $64,822 | $31.16 |
Fidelity Investments Salaries By Department
The salaries that employees earn in Fidelity Investments can be influenced by the department or organization function that they work in. Our data shows that employees in business development roles earn the highest wages at Fidelity Investments, with an average yearly salary of $119,426. The engineering department also pays well, with an average salary of $110,369 per year. The organizational functions at Fidelity Investments that pay the least are customer service and administrative. Workers in these departments earn $46,677 and $58,681, respectively.
