Strategic Advisers Research Associate Internship - Summer 2027

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:

• 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 2028 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 7, 2027 – August 13, 2027

Application Deadline

February 27, 2026 at 12:00pm ET

#AMstudents

Placement in the range will vary based on job responsibilities and scope, geographic location, candidate’s relevant experience, and other factors.

Note, the application window closes when the position is filled or unposted.

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.

Please be advised that Fidelity’s business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.

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