Jobs at Fido Hit New High in '05
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Friday, November 18, 2005

Jobs at Fido Hit New High in '05

Happy days must be here again for the fund industry -- the Boston Behemoth is reportedly hiring again. Fidelity Investments has added roughly 3,500 jobs since the start of the year, reports the Boston Herald, one of Fido's hometown papers. The hiring push leaves Fidelity with its highest reported head count ever.

Like many other fund firms, Fidelity's employee count peaked in 2000 before the market's collapse in the second half of that year. At that time, it employed 33,186 according to the firmís reports. Its headcount bottomed at 29,142 in 2002.

The three thousand plus new hires means that Fidelity now employees more than 36,000 worldwide.

Tellingly, just 450 of Fidelity's new jobs are located in Massachusetts, where the firm employees 12,570 all counted. The bulk of its hiring has taken place in its scattered U.S. operations and overseas. Fidelity has been expanding aggressively in India, Asia and Europe.

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