Equity Research Associate Internship

Job Description:

Equity Research Associate Internship - Summer 2026

Our Mission

At Fidelity, we are focused on making our financial expertise broadly accessible and effective in helping people live the lives they want— from the 23 million people investing their life savings, to the 20,000 businesses managing their employee benefits programs, to the 10,000 advisors and institutions needing innovative technology solutions to invest their clients’ money. To do this well, as a privately held company, we place a high degree of value in nurturing a work environment that attracts the best talent and reflects our dedication to being an employer of choice. For more information about Fidelity Investments, visit www.fidelity.com.

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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Certifications:

Category:

Investment Professionals

Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office.