Job Description:
The Department
Strategic Advisers, LLC is a registered investment advisor and wholly owned subsidiary of FMR LLC that provides investment management services to clients through Fidelity’s retail and institutional distribution channels. For more than 25 years Strategic Advisers has specialized in the design, construction, and management of asset allocation solutions, as well as the methodologies for many of Fidelity’s investment planning tools, to help investors reach their financial goals. With over $1 trillion in assets under management in a blend of Fidelity and third-party mutual funds, SMAs, ETFs and Sub-Advised Mandates, the Strategic Advisers team of investment professionals’ constructs and manages asset allocation portfolios for more than 3.5 million customer accounts.
The Team
SAI’s Fundamental Research team is a well-resourced team of analysts and associates organized across four teams including US Equity, International Equity, Fixed Income, and Liquid Alternatives. Each team is responsible for conducting manager research within their respective asset classes to identify high conviction portfolio managers and strategies to invest in on behalf of our clients as we seek to help them achieve their financial goals through a diversified multi-asset class portfolio solution.
The Role
The internship is a 10-week rotational program designed to recruit talented, emerging investors and help them develop their overall market knowledge and research skills with a focus on manager due diligence. The internship will be composed of the following elements:
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Exposure to investing across different markets and selecting best in class portfolio managers and strategies across Fixed Income, US Equity, International Equity, and Alternative Investments
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Interns will be asked to creatively evaluate portfolio managers, through analysis of a fund’s team, track record, quantitative risk factors, portfolio characteristics, and underlying holdings.
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Opportunity to present analysis and recommendations to senior members of SAI’s investment team
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Frequent opportunities to participate in meetings with Fidelity and external portfolio managers
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Mentorship and networking opportunities with SAI PMs, Research Analysts, and senior leaders
Training & Mentorship
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Emphasis on hands-on training from Research Analysts directly related to intern projects
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Opportunity for training in conjunction with investment interns in Equity, High Income, Fixed Income, and Strategic Advisers investment divisions at Fidelity
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Mentorship from senior research analysts and associates
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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.
Sponsorship
Fidelity Investments does not offer work visas for this role.
Education and Experience
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Class of 2027 Bachelor’s degree candidates
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Proven success during academic career
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Demonstrated initiative in extracurricular activities related to financial markets
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Intellectually curious and self-starter mindset
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Excellent verbal and written communication skills
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High levels of integrity
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Prior internship experience in corporate setting
Location
Boston, MA
Intern Program Dates
June 1, 2026 – August 7, 2026
Application Deadline
March 14, 2025 at 12:00pm ET
#AMstudents
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.
Fidelity Investments Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Fidelity Investments and has not been reviewed or approved by Fidelity Investments.
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Strong & Reliable Incentives — Bonuses, commissions, and profit-sharing are presented as generous and meaningful components of total compensation, with certain roles achieving high total earnings through multiple pay streams. Variable pay is consistently framed as a positive contributor beyond base salary.
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Retirement Support — A 401(k) match up to 7% alongside additional profit-sharing up to 10% materially enhances long-term compensation. These retirement features are highlighted as standout strengths of the overall package.
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Parental & Family Support — Generous paid parental leave (16 weeks maternity, 12 weeks parental), backup dependent care, and adoption assistance provide robust family support. Hybrid work and caregiving resources further ease family responsibilities.
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What We Do
At Fidelity, our goal is to make financial expertise broadly accessible and effective in helping people live the lives they want. We do this by focusing on a diverse set of customers: - from 23 million people investing their life savings, to 20,000 businesses managing their employee benefits to 10,000 advisors needing innovative technology to invest their clients’ money. We offer investment management, retirement planning, portfolio guidance, brokerage, and many other financial products. Privately held for nearly 70 years, we’ve always believed by providing investors with access to the information and expertise, we can help them achieve better results. That’s been our approach- innovative yet personal, compassionate yet responsible, grounded by a tireless work ethic—it is the heart of the Fidelity way.
