Equity Research Analyst Summer Internship

MBA Programme

Every year, we take on a select few summer interns. It’s your chance to learn about Equity Research Analysis from some of the best investment minds in the world. If you’re good enough, a full-time role at Fidelity could be waiting at the end of your MBA.

Investment management is home to Portfolio Managers, Research Analysts, Traders and Quantitative Specialists working in Equities or Fixed Income in the UK, Hong Kong, Australia, Japan, Singapore, Korea and India and China. It’s a global network of expertise dedicated to picking the right investments at the right time.

Our success is based on our approach to managing money. We use detailed first-hand research, not the bought-in variety to fully investigate a stock’s potential before deciding whether to include it in our funds. We call it bottom-up asset selection and it’s the main focus of the Research Analyst role.

We have opportunities in the UK, Hong Kong, Australia, Japan, Korea, Singapore, India and China. Click here to view details for programmes in the UK.

Programme overview

What you'll be doing

Your 8-12 week internship will see you delving deep into a group of companies in a defined sector and analysing their performance, management, supply chain, competitors and value, as well as the wider industry. It’ll take plenty of initiative and tenacious research skills on your behalf, but we’ll also give you all the resources you need, from industry experts to company contacts.

It’s the perfect introduction to the Equity Research Analyst role, which is the starting point for many fascinating Equities careers at Fidelity. For instance, most of our Portfolio Managers (the people who make the investment decisions based on Analysts’ research) started out in the role. But that’s a way off – you’ll have to prove you’re passionate about, and understand the role during your internship to secure a full-time offer. Remember, this is two-sided. We want you to be sure this is the right career choice for you, too.

What we look for

The internship is all about applying your understanding of investment management and razor-sharp research skills from the word go. And just like our full-time candidates, you need to be an independent thinker who thrives on challenges and keeps cool under pressure.

A keen interest in the stock market is a must, as are the analytical skills to make the most of your knowledge and the intellectual curiosity to keep extending it. Finally, your initiative and ambition will see you succeed in our truly meritocratic culture.

Training and development

We’re a world-leading investment manager offering world-class development opportunities. Join us for the summer and you’re sure to come away with more skills, greater knowledge and vastly enhanced career prospects.

It’s up to you to get the best out of your internship, but we’ll give you plenty of support to make the most of the opportunities it provides. Much of what you learn will be on the job, where you’ll be mentored by some of the smartest minds in the industry. There’ll be ‘Lunch and Learn’ sessions to broaden your understanding of the wider Fidelity business. You’ll also be assigned a buddy from your business area, who’ll help to get you settled and started, then be on hand to support you over the summer.

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

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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

Our interview process is rigorous and comprehensive. We think it’s the only way to be certain of making the right choice – whether you’re the person for the internship and whether it’s the opportunity for you.

1. ONLINE APPLICATION & STOCK PITCH

You will be required to submit your CV and cover letter as a combined document and complete a short online application form. You can apply for our MBA opportunities even if we haven’t visited your business school, however please note that we can only accept applications for our MBA full-time roles and internships via this site.

For our Equities programs in Asia, you will also need to include a stock recommendation of around 1000 words as a part of the application process. Instructions will be attached to the job vacancy.

2. FIRST-ROUND INTERVIEWS

Either we’ll arrange a time and date to meet you on campus for an HR interview and business interview, or we’ll conduct them both by phone or video conference.

3. SECOND-ROUND INTERVIEW

Impress us at first interview and we’ll invite you to take part in a stock-picking exercise. This can either happen in person on campus, in one of our offices across the globe, or via video conference. This is normally enough for us to decide whether to make you an offer, but in some cases we may want to conclude with a follow-up conversation.

4. OFFER

We’ll let you know within 48 hours of the final assessment stage whether we’re making you an offer.

Deadlines

Applications close on Monday, 25th December 2017 for all US schools.