What are the responsibilities and job description for the Quantitative Development & Data Science Internship position at Fidelity Investments Careers?
Job Description:
Quantitative Development & Data Science Internship
Our Mission
At Fidelity, we are focused on making our financial expertise broadly accessible and effective in helping people live the lives they want— from the 23 million people investing their life savings, to the 20,000 businesses managing their employee benefits programs, to the 10,000 advisors and institutions needing innovative technology solutions to invest their clients’ money. To do this well, as a privately held company, we place a high degree of value in nurturing a work environment that attracts the best talent and reflects our commitment to being an employer of choice. For more information about Fidelity Investments, visit www.fidelity.com.
An internship in Asset Management Technology is more than a summer job. Building your resume, network, and gain valuable work experience are just a few benefits of participating in a paid internship at Fidelity Investments!
Are you looking for an outstanding opportunity to demonstrate your analytical attitude and technical aptitude to assist in financial decision-making? Quantitative Development and Data Science Technology within Fidelity’s Asset Management division give students the opportunity to do just that. The group is seeking students who are passionate in applying their problem solving, quantitative and engineering skills to assist our Quantitative Research Analysts, Portfolio Managers, and other investment professionals in their decision-making processes by developing be-spoke solutions.
Education and Experience
Class of 2025-2026 Master’s or Bachelor’s degree candidates.
Demonstrated projects in full stack software engineering with ability to use various technology and tool.
Academic or intellectual interest in financial markets.
Excellent communication, presentation, and writing skills, as well as the ability to clearly articulate findings.
Skills and Knowledge
Excellent oral and written communication skills
Interest and executed projects leveraging Financial Engineering or Machine Learning concepts.
Full stack software engineering – combination among - Python, R, SQL, Java, JavaScript, HTML/CSS, C .
Strong analytical, quantitative, and problem-solving skills
Responsibilities include
Build high quality, robust, and efficient analytical solutions that will be used to improve investment processes.
Assignments will include gather the requirements for ideas through dialogue, conceptualize them through a programming language, and create a packaged solution that can be used by the investment professionals.
Develop documentation for solutions created and thoughts on future extensibility.
Location:
Boston, MA; Merrimack, NH; Jersey City, NJ
Placement in the range will vary based on job responsibilities and scope, geographic location, candidate’s relevant experience, and other factors.
Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.
We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted.
Certifications:
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. 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 all business days of every other week in a Fidelity office.
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.
Salary : $50,000 - $70,000
