University Scholarship Programme


Our University Scholarship programme is a unique opportunity for A-Level students from low-income backgrounds to gain insight and experience in a leading global investment management firm alongside their studies at university.

Programme overview

What is the University Scholarship Programme?

We are looking to sponsor six outstanding A-Level students looking to start their university degree in September 2017. Whilst providing full funding of your tuition fees over the three years, we will also give you invaluable work experience with us through a series of internships. These will take place at the end of Year 13 (before you start university), then again after your first year, and you will have the opportunity to rotate in Equities, Fixed Income or Multi Asset. Our hope is that after completing these internships you will go on to join us for our main 8 week internship in 2019, and then onto one of our graduate programmes in 2020.

Who we look for

We are looking for individuals with intellectual curiosity and ambition who are looking to pursue a long term career in investment management. Our people join us from a variety of academic backgrounds, such as Business, Humanities, Science, Languages and Computer Science degrees and the university scholarship programme is no different. Fidelity will financially support you to study any degree course, at any university (Limited to 3 years only).

Applicants to the programme should be completing their A-Levels (or equivalent) in 2017 with minimum predicted grades of ABB.

Your training and development

We don't expect you to come straight in and know everything about what we do. You'll start each internship with a mini induction, during which we'll introduce you to investment management and how it fits into the City, as well as to the broader financial markets.

After that, there are many more ways to develop your skills as your internship progresses. You will be given buddies and mentors who will support you with your development at Fidelity as well as a series of 'lunch and learns' hosted by key business speakers who will give you a first-hand, genuine insight and help you find out about the full scope of our businesses. Social and networking events will help you get to know our people and our culture. 

Day in the life

How we make it happen

Through outstanding investment solutions and world class customer support, we do the utmost to help our clients achieve their financial goals. As part of that, we’re always on the lookout for new business opportunities, ways to refresh our investment product offering, as well as for prospective new clients to invest – something that calls for the expertise of a variety of teams across a number of stages. It’s the combination of their specialist knowledge that makes it all happen.

Use our interactive game to learn more about each step in the process

You scored


Test your knowledge by ordering each step one through to eight on the right. You’ll get two chances to score eight out of eight.

If you’re interested in a particular part of the process, you can click through to view the related graduate programme or internship.


Business opportunity identified

Fidelity is always looking for new business opportunities and we go about it in two ways. If we have the investment capability to launch a new product, we look to our Investment Team to determine how it could be worked into a new product. On the other side of things, our Sales and Marketing team speak to clients; listen to their requirements and spot gaps in the market place for a new product.

If this part of the process interests you, find out more about our Sales and Marketing or Business Management graduate programmes.

New fund designed, approved and created on system

Once an opportunity has been identified by the Sales or Investment teams, the Product Development team will progress its potential launch by analysing the competitive market, assessing its asset gathering potential and pulling together a business case for submission to the product review group. Once the new fund has been reviewed and formally approved by the product review group, it's set up on the Fidelity accounting system and in every country and currency that it wants to invest in.

If this part of the process interests you, find out more about our Business Management and Operational Management graduate programmes.

Fund launched with marketing campaign

With the new fund secured, we'll look to the Sales and Marketing team to launch it into market through as many channels as possible. That might include traditional advertising like specialist financial and general publications, mail shots to existing clients, poster campaigns, conference presentations and direct sales pitches. But we'll also make the most of new media and social networking platforms like Facebook, Twitter and various websites and blogs in order to reach the widest audience possible.

If this part of the process interests you, find out more about our Sales and Marketing or Business Management graduate programmes.

New client decides to invest in fund

As a result of our wide spread Sales and Marketing activity, a client will decide to invest in the new product. To do that means contacting our Customer Contact Centre and giving instructions on how much is to be invested and in which funds. Similarly, if a client wishes to redeem their holdings and withdraw their cash, they also call to speak to our Client Services teams. As often the only members of staff that a private investor will ever talk to, our Client Services teams are critical to our operation.

If this part of the process interests you, find out more about our Sales and Marketing graduate programme.

Customer account set up and checks completed

Before a new client can place a deal with Fidelity, our Accounts team need to set them up on our systems - allowing us to record their investment in the funds they wish to buy and account for the cash that they send us. It's also vital to carry out stringent checks as to where the money is coming from to ensure it is from a bona-fide source - a process carried out by our Anti Money Laundering Team

If this part of the process interests you, find out more about our Operational Management graduate programme.

New client monies invested in fund

Once the client is set up, the Dealing team uses the cash they've invested to buy units in the fund. The units are bought at the NAV (Net Asset Value) price calculated at close the previous working day and based on the value of the assets owned by the fund at that point. As part of our Broker Services, we also charge a one-off initial fee to the client in order to cover the cost of buying the stock in the market.

If this part of the process interests you, find out more about our Equity Research, Fixed Income, Fidelity Solutions graduate programmes.

Fund manager manages the fund

Every morning the Fund Manager gets a cash flow report. It's up to the Portfolio Services Group to make sure that new client money is invested promptly and that there is enough cash in the fund to pay clients if they want to redeem their existing holding in a fund. From there, the Fund Manager draws on insight provided by our in-house team of Research Analysts to decide which stocks to invest the client money in, or which to sell. It's then down to the Traders to take the stock purchases and sales transactions to market where funds are bought or sold at a Net Asset Value (NAV) price - a price calculated by our Accounting team based on the value of the assets owned by each fund.

If this part of the process interests you, find more out about:

Fund performance calculated and fees charged

The performance of the fund is calculated on a daily basis by our Investment Statistics group. They monitor a fund's long-term performance compared to both its Index and similar funds run by competitors. Each fund is charged an annual management fee that's taken from the total assets owned by the fund so that all clients invested in the fund are charged equally.

If this part of the process interests you, find out more about our Business Management graduate programme.

Recruitment process


This is your first chance to impress us. Start by researching our business - why do you want to work at Fidelity, and why you have picked this particular programme? Find out about our clients, services and competitors. Watch our video profiles. Use this site to see which programmes are best suited to your skills. 

Give it your undivided attention and complete it accurately and in full. You don’t have to do it all in one go – you can save and log in as many times as you want with your username and password.


For this programme, you will be required to take a numerical reasoning and deducitve reasoning online test. Please make sure you are prepared by practising both tests before submitting your application. Practice tests can be found here.


If your application is successful, we’ll ask you to sit a competency-based telephone interview. Lasting 30-45 minutes, it will be carried out by a member of our campus recruitment team. We’ll be looking to find out about your background and skills, and how you use these day to day as well as discussing your motivation for applying. 

It’s worth having a copy of your application to hand for reference too. And be ready to talk about topical financial news issues.


Impress us in your telephone interview and you will quickly know whether you've made it to the assessment centre. More details on the format of the assessment centre will be given once you reach this stage.


Candidates who stand out at the assessment centre will be invited to final round interviews. These will be less structured interviews conducted by our programme’s Business Sponsor and senior members of the HR team. They will be looking to find out more about what makes you tick, and delve deeper into your performance at the assessment centre. This is your final chance to shine, so prepare well!


If you’re successful after the final interviews, we’ll offer you a conditional place on our scholarship programme. You’ll have two weeks from the day you receive your offer to make a decision. We know you’ll have many questions at this stage and the Campus Recruitment Team will be on hand to guide you and will continue to be on hand to support you on your first day and beyond.


Applications will close on the 3rd April 2017 at 23:55.