MBA Internship Program, Summer 2023 Boston

Tracing our history to 1928, Wellington Management is one of the world’s largest independent investment management firms. With over USD 1 trillion in client assets under management as of 30 September 2022, we serve as a trusted adviser to clients in over 60 countries. Our innovative investment solutions are built on the strength of proprietary, independent research and span nearly all segments of the global capital markets, including equity, fixed income, multi-asset, and alternative strategies. As a private partnership whose sole business is investment management, our long-term views and interests are aligned with those of our clients. We are committed to attracting a talented and diverse workforce, and to fostering an open, collaborative culture of inclusivity because we believe multiple perspectives lead to more informed investment and business decisions. As an Equal Opportunity Employer, we welcome people with diverse life experiences, fresh ideas, and specialized subject-matter expertise. For more information, please visit https://www.wellington.com/en/ About Us Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients. We are transitioning to a hybrid work environment where both remote work and the office play a critical role. Our vision is a future where all employees are empowered to work flexibly to drive the best outcomes for our clients. Flexible work is a mindset and a core value. Our employees are encouraged to work remotely two days a week as a standard practice and will have flexibility in terms of working hours. About the Role Program Overview The MBA Summer Internship is seeking highly motivated, first-year MBA students who plan to pursue a career in investing. The firm partners directly with our diversity partners to build a strong pipeline of underrepresented talent (women and people of color.) into the internship program. We believe that the diversity of our people is one of our greatest strengths and we are committed to building and sustaining a diverse, equitable and inclusive culture. This 10-to-12-week summer internship is a paid, full-time opportunity starting in June 2023. Interns will be located at our Boston headquarters and will be offered a housing stipend along with a flexible working environment. There are three main components that make up the internship: 1. Getting to know our firm Through our summer program, you will experience first-hand our firm’s culture while interacting with and be exposed to seasoned investors throughout the Wellington organization. This exposure will help you build your network and discover what makes the Wellington experience unique. The internship will also offer exposure to our business networks (i.e., affinity groups). At Wellington we aspire to cultivate diversity of thought, diversity of culture and diversity of backgrounds, and our business networks are central to promoting that mission. 2. Immersion into the world of investing You will have the opportunity to develop and deepen your investment knowledge by conducting security research, attending company management meetings, accessing the firm’s proprietary research notes, and attending our daily investor Morning Meeting. You will experience an intellectually challenging and rewarding summer that should offer insight into the investment industry and into Wellington Management. 3.Mentorship and feedback You will receive training throughout the summer to develop and grow your investment acumen and help to shape a potential career in investment management. This will be through a combination of group meetings with investors and in-house training sessions covering advanced Excel modeling and FactSet or Bloomberg tutorials along with continued support through strong mentorship. MBA Summer interns will partner with more seasoned investors who will work alongside the Director of Early Career Investor Development to provide support and feedback. The summer internship experience is representative of what an investor would do on a full-time basis at Wellington, and successful interns will be actively considered for full-time investor opportunities beginning after their graduation. The Position Interns are hired into one of the following areas of our Investment Platform: Investment Research, Alternatives, and Investment Boutiques. Investment Research Investment research and applied research portfolios across asset classes and disciplines providing long-term superior performance driven by expertise, insight, and innovation. Department includes investment professionals working across multiple global offices focusing on fundamental research, macro, technical and ESG. Alternatives Multidisciplinary expertise in liquid alternatives and privates. The department strives to move from a marginal to a major powerhouse in liquid alternatives. The department consists of investment professionals across multiple global office locations. Alternatives offers both returns and diversification with return-seeking and risk mitigating products. Investment Boutiques Community of discrete investment teams across asset classes and disciplines, delivering exceptional investment returns for clients. Department consists of investment professionals across multiple global offices and investment teams. The department focuses on equities, fixed income, commodities and multi-asset. Within each group, you will be assigned an industry (or subset of an industry) to cover and are expected to formulate a fundamental understanding of the industry to prepare and present action-oriented investment recommendations based on analysis conducted during the summer. Specific projects and industries will be finalized closer to the start of the internship. Samples of responsibilities across all areas: Identifying, analyzing, and recommending investments to portfolio managers Creative collection of pertinent industry and company information Preparing detailed reports and developing financial models for companies researched Translation of analysis into actionable investment ideas Communication of investment thesis to firm’s investment professionals Formulation of a fundamental understanding of the competitive, operational, financial, and regulatory dynamics affecting an industry Strategic analysis of sub-sectors and companies as well as field work. Exposure to short positions and private investments in high growth areas Build strong trusting relationships internally with colleagues and externally with company management teams All the above will be presented with a highly challenging and rewarding experience that should offer insight to the investment management profession and to Wellington Management. There are additional aspects of the internship, which we hope you will find rewarding and beneficial. Qualifications Successful candidates for the role possess the following: Undergraduate degree and currently enrolled in your first year of a two-year MBA program (Graduating in Spring 2024) Interest or relevant past experience in financial markets and investing; has a curiosity for the global markets, and in establishing their own process for researching and evaluating companies Strong interpersonal skills and experience in a collaborative, results-oriented environment; is energized by being an individual contributor within a collaborative team and embracing the benefits of overlapping lines of company coverage and idea generation across the Firm. Willing to build strong trusting relationships internally with colleagues and externally with company management teams Self-awareness and self-confidence to be comfortable ‘being wrong’; has the ability to take risk and challenge investment views, has the humility to admit mistakes and a desire to learn from others; must recognize the benefits of diverse perspectives Strong work ethic and attention to detail Ability to synthesize data and present results through strong written and oral communication skills; has the ability to communicate action-oriented opinions clearly and with conviction, and contribute to an open investment dialogue Possesses a growth mindset; the flexibility and openness to continue learning, evolving, and growing as an investor Application Process Interested candidates should submit the following in one bundled PDF, titled your First and Last Name: Resume Statement of Interest (1 page) that indicates: a. Why are you interested in pursuing a career in investing and how will this internship support your career goals? b. How do you see yourself evolving as an investor over time? c. Is there a particular internship area listed above you are looking to explore further? Copy of one essay or piece of research submitted to your undergraduate or business school Application deadline is December 15th at 12pm ET. Late applicants will not be considered. We look forward to getting to know you and the unique perspective you can bring to our organization through reviewing your application. Next steps will be sent out post deadline. Not sure you meet 100% of our qualifications? That’s ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skills, workplace experiences, and backgrounds. As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law. If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at GMCANINQ@wellington.com. Not sure you meet 100% of our qualifications? That’s ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds. As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law. If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at GMCANINQ@wellington.com. At Wellington Management, our approach to compensation is designed to help us attract, inspire and retain the best talent in our industry. We strive to pay employees fairly and competitively across all levels and roles. Our approach to compensation considers all aspects of total compensation; all employees are eligible to receive salary, variable compensation, and benefits. The base salary range for this position is: no range available This range takes into account the wide range of factors that are considered when making compensation decisions, including but not limited to skill sets; role; skills and experience; certifications; and education. This range is an estimate, and further details on salary and total compensation aspects will be shared with candidates during the recruitment process. Base salary is only one component of Wellington’s total compensation approach. Other rewards may include a discretionary Corporate Bonus and/ or Incentives, if eligible. In addition, we offer a comprehensive and high value benefit package to meet the unique needs of our employees and their families. Examples of our benefits include retirement plan, health and wellbeing, dental, vision, pharmacy coverage, health savings account, flexible spending accounts and commuter program, employee assistance program, life and disability insurance, adoption assistance, back-up childcare, tuition/CFA reimbursement and paid time off (leave of absence, paid holidays, volunteer, sick and vacation time)