The Department

Fidelity Investments has more than $ 3.2 trillion in equity assets under management and, with its roots dating back to the 1940s, has long been a leader in managing equity portfolios. Fidelity relies on its proprietary research, disciplined portfolio management and sophisticated trading process to deliver superior long-term results for its shareholders and clients. Over the years, its capabilities have grown substantially, with investment strategies designed across style, capitalization, sector, and geography. While its platform has expanded, its principles have remained the same: to offer those strategies in which Fidelity can add value and to offer products that help meet client needs.

Our Equity department has over 195 research professionals stationed around the world, giving it scale that few competitors can match. These professionals integrate their research across industries and regions while also working with sector-aligned analysts in other asset classes, such as high income or investment grade debt. As a result, they can evaluate companies based on their global reach, their capital structure and supply chains, the relative strength of their competitors, and their end markets.

The Role

Looking for a best-in-class opportunity to obtain hands-on experience with fundamental analysis and the investment research process? The Equity Research Associate internship program gives interns the chance to obtain and develop the core research skills needed to jumpstart a successful and lucrative career in investment management. The program is led by our director of research, and each intern will be paired with a peer in the research department who will mentor them throughout the summer.

Throughout the 10-week program, interns will support real investment decisions by:

• Conducting autonomous research on three stocks across different sub-sectors.
• Building financial models, completing financial analysis, and conducting proprietary research.
• Communicating with corporate management teams, industry experts, and Wall Street analysts, to develop investment recommendations for our funds.
• Collaborating with fellow interns and utilizing the vast network of Fidelity managing directors of research, analysts and portfolio managers.
• Pitching stock recommendations to internal portfolio managers.

Education and Experience

• Class of 2027 Bachelor's degree candidates
• Excellent verbal and written communication skills
• Proactive, seeks additional responsibilities and learning opportunities
• Proven success during his/her academic career with a preferred GPA of 3.2 or higher
• Strong analytical and quantitative skills
• Demonstrated expertise using Excel
• Highly motivated independent problem solvers, ability to think outside of the box and bring a unique perspective
• High levels of integrity
• Demonstrated initiative and intellectual interest in studies/extracurricular activities related to the financial markets
• Ability to work well under pressure and time constraints

Training

• Emphasis on hands-on training from Research Analysts directly related to intern projects
• Opportunity for training in conjunction with investment interns in Equity, High Income, and Strategic Advisers investment divisions at Fidelity
• Mentorship from senior research analysts and associates
• Exposure to Portfolio Managers and investment thought leaders

Conversion

• Successful interns may receive an offer at the end of the summer internship to return as a full-time Research Associate post-graduation.

Location

Boston, MA

Internship Dates

June 1, 2026 - August 7, 2026

Application Deadline

January 20, 2024 at 11:59am ET

Please note, Fidelity reserves the right to close this application at any point

Visa Sponsorship

Fidelity Investments does not offer work visas for this role.

Fidelity Investments is an equal opportunity employer.

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Company Overview

Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients' money.

Join Us

At Fidelity, you'll find endless opportunities to build a meaningful career that positively impacts peoples' lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees' Choice Award, we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don't need a finance background to succeed at Fidelity-we offer a range of opportunities for learning so you can build the career you've always imagined.

Fidelity's hybrid working model blends the best of both onsite and offsite work experiences. Having the majority of our associates work onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most roles listed as Hybrid will require associates to work onsite all business days of every other week in a Fidelity office. This does not apply to roles listed as Remote or Onsite.

At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation, detailed in this document, and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.

We invite you to Find Your Fidelity at fidelitycareers.com.

Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.

Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to accommodations@fmr.com.