Fidelity Investments is one of the largest financial services companies in the world, managing trillions of dollars in assets. As such, working at Fidelity can be highly lucrative, especially for directors who oversee important divisions and high net worth clients. However, compensation varies significantly based on role and experience. This article will analyze director-level fidelity investments salary, bonuses, and equity compensation to provide clarity on income potential at this financial giant.
Base Salaries for Fidelity Directors Average $200k-$300k
According to Glassdoor data, base salaries for directors at Fidelity Investments typically range from $200,000 to $300,000, with the average falling around $230,000. More specifically, technology directors earn approximately $275,000 in base salary, while investment/fund directors average closer to $225,000. Geography also plays a role, with directors in the New York and San Francisco offices receiving salaries on the higher end of the range.
It’s important to note that director base salaries can vary significantly depending on the division and assets managed. For example, directors in the private wealth management division who oversee large client portfolios may earn well over $300,000 in salary alone. Meanwhile, junior directors supporting smaller teams may only receive $180,000-$220,000.
Bonuses Add Another $150k-$300k for Top Performers
In addition to strong base salaries, Fidelity directors have substantial bonus potential that can drive total compensation over $500,000. The performance-based bonus is calculated as a percentage of salary, with the target generally set at 30%-50% of base pay.
However, directors managing billions in assets or leading profitable divisions often earn bonuses exceeding 100% of base salary. According to Glassdoor, the average bonus amount falls between $150,000-$300,000. Again, this varies based on role, team performance, and assets managed or generated for fidelity investments.
Equity Compensation Varies but Can Be Lucrative
As a private company, Fidelity utilizes equity compensation in lieu of stock options offered at public companies. While the details are not publicly disclosed, we know from employee reports that directors typically receive equity grants in the form of Fidelity capital/profit interests.
The value of equity compensation depends on company performance but can be quite substantial, especially for directors driving major business areas. Conservative estimates put director-level equity grants in the $100k-$200k range annually. Directors managing billions in assets likely earn equity grants exceeding $500k per year in some cases.
Total Compensation Ranges from $500k to Over $1 Million
Taking into account all compensation components – base salary, cash bonuses, and equity incentives – total director pay at Fidelity Investments generally ranges from approximately $500,000 to over $1 million.
More specifically, junior directors supporting smaller teams will earn around $500k-$600k in total annual compensation. Directors leading mid-sized teams and divisions likely take home $700k-$900k. And senior directors overseeing billions in assets and large business segments can earn over $1 million per year.
Of course, compensation varies based on role, performance, and experience. But the income potential as a director at Fidelity Investments is quite strong compared to director roles at other financial services firms.
In summary, Fidelity Investments directors earn strong base salaries averaging $200k-$300k, bonuses from $150k-$300k, and equity grants potentially over $500k. Total compensation ranges from around $500,000 up to over $1 million for senior directors managing large client portfolios and driving substantial business results.