Job Description:
Fixed Income Research Associate Internship - Summer 2026
The Department
Fidelity's Fixed Income Division is one of the world's leading fixed income managers with over $1 trillion in fixed income assets managed by a staff of more than 190 investment professionals. At Fidelity, we combine fundamental research on domestic and international debt issuers with macroeconomic and quantitative analysis to make investment decisions and help our clients achieve their financial goals. The Fixed Income Division is headquartered in Merrimack, New Hampshire.
The Role
The Fixed Income Research Associate Internship is a 10-week program designed to recruit talented and hardworking undergraduate students to develop fundamental company research, financial modeling, and industry and comparative analysis skills through training and direct work with fixed income professionals. In addition to getting exposure to the different groups within Fixed Income (money market, corporate bond, structured, municipal, and macro), the internship will be composed of the following elements:
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- Interns participate in project-based rotations designed to enable students to explore different areas of Fixed Income Research and learn about the investment process
- Rotations are assigned based on market developments, team capacity, and business need. Rotation possibilities include corporate credit (industrial and financial), municipal credit, macro research, quantitative research, and personal bond management
- Projects will include analysis of an investment opportunity and a chance to communicate a recommendation to investment teams. Interns will learn how to conduct proprietary research, build financial models, and generate investment ideas.
Education and Experience
- Class of 2027 Bachelor's degree candidates
- Interest in growing knowledge of fundamental research and investment management
- Shown initiative in studies and extracurricular activities related to financial markets
- Intellectual curiosity and dedication to continuous improvement
- Excellent verbal and written communication skills
- Proactive; seeks additional responsibilities and learning opportunities
- Proven success during academic career
- High levels of integrity
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
- 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.
Sponsorship
Fidelity Investments does not offer work visas for this role.
Location
Merrimack, NH
Internship Dates
June 1, 2026 - August 7, 2026
Application Deadline
January 24, 2025 at 12:00pm ET
Certifications:
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.