RESEARCH TRIANGLE PARK – With more than 7,200 employees already working from its Research Triangle Park campus, Fidelity Investments is planning to expand its workforce in the Triangle, again.
And of the 600 new workers expected to be hired in the first half of 2023, more than half of the open roles will be technology-focused ones, according to Sterling Ingui, the head of next gen retirement products and a North Carolina regional leader at Fidelity, who spoke with WRAL TechWire this week about the company’s continued expansion in the region.
“Our site has grown tremendously, I’ve been here for eight years, and we’ve seen our hiring continue to grow,” said Ingui in an interview. “In NC, specifically, we have an incredible source of talent,” she added.
For instance, the company added more than 2,650 new hires in the Triangle in 2022. That growth came within 33 of the 45 teams at Fidelity, all of the divisions that operate from the firm’s RTP campus.
And hiring growth is expected to continue. The company announced plans to hire 1,500 workers in 2021, then more than doubled that plan in May 2022 with plans to add an additional 1,700 workers.
What’s happening
The company is seeing growth in demand for its products and services, including a record number of donations made from the donor advised funds held within the financial company’s Fidelity Charitable division. And the company also reported an uptick in retail investors coming to the company to invest, with 43% of all new retail accounts being opened by investors aged between 18 and 35 years old, according to an annual report released by the company earlier this month.
Further, Fidelity’s customers are looking for easy-to-use applications and products, said Ingui. And the company is investing its resources into delivering these experiences, which means investing in products, and in talent, said Ingui.
That’s why many of the roles for which the company is hiring in the Triangle will be focused on technical skills, or the willingness to be trained on specific technical skills.
“We want to continue to support and build a variety of products and services that meet the variety of our customers and their customer needs,” said Ingui.
Fidelity Investments adding 1,500 entry-level jobs in North Carolina
Tech talent is needed
Already, about half of the existing employee base are those who possess at least one technical skill or work in a technical role. And of the 600 new jobs the company expects to add locally in the first half of 2023, 57% of them will be tech jobs, said Ingui.
“We are looking for people who are passionate about learning and growing, and that can apply that diversity and mindset,” said Ingui. “So if you don’t have that full technology experience, but you do have business acumen or customer experience knowledge,” said Ingui, then folks may wish to consider applying to the company.
The company is seeking full-stack engineers, data scientists, iOS engineers, and those interested in developing the latest products using artificial intelligence and machine learning, said Ingui.
And while roles are available across experience levels, the senior-most positions are often the hardest to fill, said Ingui. But in junior roles, while there are more applicants, those applicants may also have more options for where to join, especially as the Triangle continues to emerge as a growing technology hub, she said.
“We’re seeing incredible interest from our applicants in those more complex roles, and within our more junior roles, it’s a matter of volume, timing, and need,” said Ingui. “But interest is strong, people are starting to see Fidelity as a technology company.”
Fidelity is one of the firms tracked weekly in the WRAL TechWire Jobs Report, with hundreds of open roles available, as of the most recent report.
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