Fidelity will not provide immigration sponsorship for this position.

Job Description:

The Role

Equity Research Analyst summer interns work closely with Fidelity's Portfolio Managers and play a vital role in contributing to the investment performance of the firm. Interns take ownership of fundamental equity research coverage for a group of companies within a designated industry.

Responsibilities includes conducting in-depth company and industry analysis, engaging with management teams and industry experts, evaluating customers, suppliers, and competitors, building detailed financial models, and synthesizing company, industry, and macroeconomic insights into actionable investment recommendations.

Throughout the internship, each intern develops and articulate investment theses on their assigned companies and presents investment recommendations to Fidelity Analysts, Portfolio Managers, and senior leaders. Interns receive mentorship, coaching, and ongoing feedback from an experienced member of Fidelity's Equity Research team while building relationships across the organization and gaining exposure to Fidelity's investment process.

The Expertise and Skills You Bring

We are seeking candidates who have the following characteristics:

• Class of 2028 MBA candidates
• Highly motivated independent problem solvers who possess strong analytical and interpersonal skills
• Shown success during their academic career and in other pursuits
• Sound business judgment and a strong interest in financial markets
• An ability to thrive under both pressure and time constraints in a risk-taking environment
• Seeks an edge and possesses a healthy level of skepticism in their thought process

The Team

Fidelity Investments has long been a leader in managing equity portfolios, with roots dating back to the 1940s. Fidelity’s Equity division is responsible for managing diversified and industry-specific funds for millions of investors. The division consists of portfolio managers, research analysts, research associates, sector specialists, and traders who work together to deliver exceptional investment outcomes. Over the years, its capabilities have grown substantially, with investment strategies designed across style, capitalization, sector, and geography.

The Equity team relies on its proprietary research, disciplined portfolio management, and sophisticated trading process to evaluate, construct, and manage investment portfolios and deliver superior long-term results.

Fidelity’s Asset Management Internship Program

As a participant in Fidelity’s Asset Management internship program, you will gain hands-on training, receive mentorship from investment professionals, and contribute to meaningful projects and key deliverables. High-performing interns may be considered for a full-time opportunity upon graduation.

Intern Program Dates

June 7th, 2027- August 13th, 2027

Location

All intern positions are based in Boston for the summer, regardless of geographic assignment. Conversion opportunities available in Boston*, Hong Kong, London or Tokyo.

*Work authorization not provided for Boston location

Application Deadline

December 3rd, 2026 at 11:59 pm EST

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

The base salary range for this position is $50 - $77 per hour.

Placement in the range will vary based on job responsibilities and scope, geographic location, candidate’s relevant experience, and other factors.

Note, the application window closes when the position is filled or unposted.

Please be advised that Fidelity’s business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.

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