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:

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

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.

Opportunity to present analysis and recommendations to senior members of SAI’s investment team

Frequent opportunities to participate in meetings with Fidelity and external portfolio managers

Mentorship and networking opportunities with SAI PMs, Research Analysts, and senior leaders

Training & Mentorship

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, Fixed 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.

Sponsorship

Fidelity Investments does not offer work visas for this role.

Education and Experience

Class of 2027 Bachelor’s degree candidates

Proven success during academic career

Demonstrated initiative in extracurricular activities related to financial markets

Intellectually curious and self-starter mindset

Excellent verbal and written communication skills

High levels of integrity

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

Company Overview

Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients’ money.

Join Us

At Fidelity, you’ll find endless opportunities to build a meaningful career that positively impacts peoples’ lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees’ Choice Award, we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don’t need a finance background to succeed at Fidelity—we offer a range of opportunities for learning so you can build the career you’ve always imagined.

Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Having the majority of our associates work onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most roles listed as Hybrid will require associates to work onsite all business days of every other week in a Fidelity office. This does not apply to roles listed as Remote or Onsite.

At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation, detailed in this document, and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.

We invite you to Find Your Fidelity at fidelitycareers.com.

Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.

Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to accommodations@fmr.com.