Fidelity Investments is one of the largest and most prestigious financial services companies in the world, managing over $9.6 trillion in assets. As such, landing an internship at Fidelity is highly coveted among students looking to break into finance and investments. This article will explore how students can maximize their chances of securing a Fidelity internship and what the experience is like. Fidelity offers a wide range of internship programs across divisions like investment management, equity research, corporate finance and technology. Competition is stiff due to the firm’s reputation and generous compensation. However, with proper preparation and strategy, students can better position themselves during the application process.
leverage early exposure programs to get on fidelity’s radar
Fidelity actively recruits for internships through early insight programs aimed at freshman and sophomores. Examples include Fidelity Future Leaders for college women and Seizing Opportunities at Fidelity (SOAR) for Black and Latinx students. By participating in these events, students get valuable face time with recruiters and executives while learning about the company and industry. This exposure provides a crucial way to network and interview for later internship openings. Building relationships early is key.
understand fidelity’s focus on technical skills
Fidelity looks for candidates with strong technical capabilities including financial modeling, valuation, accounting, data analysis and coding. Applicants should be able to demonstrate hands-on experience through coursework, projects and internships. For roles in investment management and research, robust Excel modeling skills are a must. Having verifiable technical knowledge will help students stand out.
highlight interest and fit in interviews
The Fidelity interview process aims to gauge skills as well as culture fit. Interviewers want to see that students have deeply researched Fidelity and understand how they can contribute to the firm’s success. Highlighting long-term career aspirations in asset management and a passion for Fidelity’s company culture goes a long way. Students can reference initiatives at Fidelity that appeal to them.
apply early and follow up proactively
Most Fidelity internships open applications in August-September for the following summer. However, spots fill up quickly so early applications have an advantage. Following up shows continued interest so students should reach out to recruiters periodically. Building rapport with the right contacts improves chances especially for competitive divisions like investment banking and research.
Getting an internship at Fidelity Investments requires early networking, technical expertise and articulating strong fit. By leveraging early exposure programs, honing in-demand skills and communicating genuine passion for the firm, students can maximize their candidacy at one of the top financial services companies.