With the 2023 internship recruitment season underway, many students are starting to look for opportunities at top financial institutions like Fidelity Investments. As one of the largest asset managers in the world, Fidelity offers highly sought-after internship programs across various business functions. Landing a role can be immensely valuable for career development, by gaining hands-on experience and building connections. This article will provide an overview of Fidelity internships 2023 timelines, key application preparation tips, and interview question examples to help interested candidates better navigate the competitive application process.
Fidelity Investments Internship Programs and Timelines for 2023
Fidelity offers both summer and off-cycle internship programs for undergraduate students across business areas like investments, technology, marketing, HR, and more. The key programs are:
– Fidelity Summer Internship Program – This 10-12 week summer internship runs from June to August, with applications opening around September the year before. Positions are available in various locations like Boston, North Carolina, Rhode Island.
– Fidelity Off-cycle Internship Program – These 6-12 week internships can start in fall, winter or spring. Application deadlines vary but often open 4-5 months in advance. Roles may be based in regional hubs like NYC, Cincinnati.
– Fidelity STEP Program – This is a 2-year development program for sophomores, involving a summer internship and then a second one the following year. It allows early exposure to the firm. Applications open in fall for the next summer.
Securing an internship offers the opportunity to experience Fidelity’s collaborative culture first-hand while working on impactful projects. Interns can also network with business leaders through speaker series and social events.
Top Tips for Fidelity Investments Internship Applications 2023
Here are some key tips to strengthen your Fidelity internship application:
– Research the firm – Understand Fidelity’s values, investment philosophy, and community initiatives. Check their recent news and projects.
– Highlight relevant coursework – Classes in investments, economics, statistics are valued. Include applicable projects.
– Demonstrate interest in financial services – Participate in campus finance clubs, competitions. Completing online courses also help.
– Develop technical skills – Build proficiency in Excel, financial modeling, data analysis based on internship function.
– Tailor your resume – Match your experience and skills to the internship description. Emphasize teamwork and analytical abilities.
– Network early – Connect with current interns and employees. Attend info sessions and follow Fidelity professionals on LinkedIn.
Common Fidelity Investments Interview Questions and Answers
The Fidelity internship interview often comprises 2-3 rounds, testing both technical and behavioral skills. Some sample questions include:
Technical Interview Questions
– Walk me through a DCF model – Outline the key steps in developing a discounted cash flow model, from inputs to valuation. Show Excel proficiency.
– How do you value a stock? – Discuss commonly used valuation methods like DCF, comparables, multiples. Provide examples.
– What factors affect bond prices? – Demonstrate knowledge of how interest rates, credit ratings, supply/demand influence bond prices.
Behavioral Interview Questions
– Why Fidelity? – Highlight aspects that resonate like client focus, ethics, learning opportunities. Show enthusiasm.
– Describe a time you faced a challenge – Share a story demonstrating resilience, problem-solving, and teamwork. Reflect on key learnings.
– What are your strengths and weaknesses? – Discuss 2-3 strengths aligned to role like analytical thinking, collaboration. Share weaknesses showing self-awareness and growth.
Additional Tips for Acing the Fidelity Interview
Here are some additional suggestions for interview success:
– Review current news and Fidelity’s latest earnings – This shows interest and business acumen.
– Prepare 2-3 stories from past experiences – Have examples ready demonstrating relevant soft skills.
– Ask thoughtful questions – Inquire about day-to-day responsibilities, training programs, company culture.
– Send thank you notes – Follow up with recruiters and interviewers thanking them. Reiterate interest.
Getting an internship at a respected firm like Fidelity Investments can significantly benefit one’s career in finance. By researching programs, developing relevant skills, tailoring applications, and preparing for interviews – students can put themselves in a strong position to land a coveted role. The hands-on experience and mentorship gained serve as a launchpad for full-time positions and beyond.