How to Get Fidelity Tuition Reimbursement

By Savannah Dawson

Savannah Dawson is a Content Writer Intern at Scholarships360. Savannah is an undergraduate student at Ohio University pursuing a degree in Journalism News and Information, Magazine track, as well as a minor in Retail and Fashion Merchandising and a certificate in Italian Studies. During her time at OU, Savannah has been a Content Writer for Thread Magazine, as well as a Blogger for Her Campus Magazine and Variant Magazine. Full Bio

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Posted: July 26th, 2022

Fidelity Investments is one of the best-known financial institutions in the country, but did you know that they also offer tuition reimbursement to their employees?

In this article, we will tell you about the requirements for earning tuition reimbursement at Fidelity, as well as the amount you can earn, what programs are eligible, and more. Let’s get started!

Who qualifies for tuition reimbursement?

Fidelity offers all employees who work more than 30 hours per week and have worked with the company for over six months up to 90% of their tuition reimbursed. You must be enrolled in a accredited college or university, and you must be taking courses that are deemed work-related by your manager.

How much reimbursement can I receive?

According to Fidelity’s Employee/Manager Agreement, you can receive a maximum of $10,000 in tuition reimbursement, or up to 90% of your tuition, depending on which one is larger. It is possible to apply for an amount over that, but it is a separate application process, which is the Exception Approval process that can be accessed in the Work and Life tab on their website. 

So, you might be asking, how does one receive Fidelity tuition reimbursement? Keep reading this step-by-step guide to find out.

Step-by-step guide to get tuition reimbursement through Fidelity Investments

1. Look for a job at your local Fidelity, and get to work!

To start off the process, you are going to need to find a job at Fidelity. What’s great about this is there are a plethora of career options, including in person and remote, as well as internships. 

Here are just a few of the options on Fidelity’s career website that you are able to choose from:

• Customer Relations Advocate
• Early Career Customer Service Associate
• Security Architect

Some jobs at Fidelity require applicants to hold an FINRA license. Now you might be asking, “What is FINRA?” FINRA stands for Financial Industry Regulatory Authority. The jobs that require this license are generally filled by adults who are long out of college, but it is something to look into if you want to be in the financial field. 

Additionally, you have to start your job at Fidelity six months before your tuition reimbursement can start, so keep that in mind. 

2. Complete the Employee/Manager Agreement prior to enrolling in a course and lay out your education plan

You and your manager will have to complete this agreement before your tuition reimbursement can start. This should be reviewed every time you receive a new manager or begin a new course.

You will also need to develop an education plan that supports the program you choose. The plan must be in place before tuition reimbursement can occur. So, your first step would be to choose your course of study.

Here is the catch– your course of study has to be in some way related to work. This makes sense, as you are probably studying something related to finance if you are working at Fidelity, but if you aren’t, then this is probably not the job for you to receive reimbursement from.

Your manager will have to review your course of study and approve it. You must also be taking the courses at an accredited university or college. 

3. Receive above a C on all of your courses, and stay in good standing with Fidelity

Your tuition reimbursement through Fidelity is contingent on whether or not you finish your courses, as well as how good you are doing in them. To receive reimbursement, you must earn above a “C” in each of your courses, or a “Pass” grade, depending on the course grading system. 

In addition to staying in good standing with your grades, you also need to remain in good standing as an employee at Fidelity. This also means that you have to remain an employee until after your reimbursement is distributed. 

4. Finish your degree and save some money!

Congrats! You have finished your degree and Fidelity has paid for up to 90% of the tuition! If you have any questions about Fidelity’s rules and regulations regarding their tuition reimbursement, you can reach out to them directly to answer the questions for you, or ask your manager if you have more specific questions. 

Good luck with the rest of your academic endeavors!

Alternatives to Fidelity’s Tuition Reimbursement

Maybe Fidelity is not the job for you, and that’s okay! We have found many more options for you to choose from. This includes Macy’s, Taco Bell, Target, and many more. Be sure to select the best company with the best benefits that reflect you academically! 

Frequently asked questions about Fidelity’s tuition reimbursement

Does Fidelity tuition reimbursement cover textbooks and fees?

No, unfortunately the Fidelity tuition reimbursement does not cover textbooks or other fees. It only covers up to 90% of tuition. Here is the list of other expenses that Fidelity’s tuition reimbursement does not cover:

• Workshops
• Seminars
• Preparation classes
• Courses taken at classes outside of the U.S
• Travel and residential expenses
• Certification exams
• Technical equipment

Does Fidelity tuition reimbursement only cover undergraduate students tuition?

Fidelity tuition reimbursement also covers MBA programs, technical school, and law degrees, but you will have to complete the Exception Approval process. For more information on how this works, you can check out the Work and Life section of Fidelity’s website. Unfortunately, Fidelity’s tuition reimbursement program does not cover doctorate programs.