What's Happening?
Fidelity Investments is offering a full-time, paid 10-week 'FIDTERN Program' for undergraduate students in finance during the summer of 2027. This internship focuses on the analytical and back-office aspects of finance, requiring interns to engage in projects
involving Excel-based financial modeling, data analysis, reporting, process automation, and statistical updates. Interns will work independently on tasks, gaining an understanding of how money moves through the large financial institution. The role emphasizes strong Excel skills, including proficiency with formulas and pivot tables, along with attention to detail, communication, time management, and leadership abilities. Fidelity is not providing immigration sponsorship for this position. The program aims to provide a firsthand experience of working at Fidelity, offering critical training and development for potential future associates.
Why It's Important?
This internship program is significant for several reasons. For Fidelity Investments, it serves as a crucial pipeline for identifying and developing future talent in the financial sector, particularly in analytical and back-office operations. By investing in undergraduate interns, Fidelity can cultivate a skilled workforce that is already familiar with its systems and culture, potentially reducing future recruitment and training costs. For students, it offers invaluable real-world experience in a major financial services firm, enhancing their resumes and providing a competitive edge in the job market. The focus on Excel and data analysis skills aligns with current industry demands, preparing interns for roles that require strong quantitative abilities. Furthermore, the program's structure, including professional development sessions and mentorship, contributes to the broader goal of making financial expertise accessible and effective, as stated by Fidelity.
What's Next?
The application window for the Summer 2027 Undergraduate Finance Internship will remain open until the position is filled or unposted. Successful applicants will participate in the 10-week program from June 7th, 2027, to August 13th, 2027. During this period, interns will engage in hands-on projects, attend professional and financial development sessions, and have opportunities for mentorship and networking. The experience gained could potentially lead to full-time employment opportunities at Fidelity Investments, particularly in analytical or back-end finance roles. Fidelity's business operations are governed by various regulations, including the Securities Exchange Act of 1934 and the Investment Advisers Act of 1940, which may influence hiring decisions, particularly concerning individuals with certain criminal histories.
Beyond the Headlines
The emphasis on analytical and back-office finance roles in Fidelity's internship program highlights a broader trend in the financial industry towards data-driven decision-making and operational efficiency. As financial markets become increasingly complex and regulated, the demand for professionals skilled in data analysis, financial modeling, and process automation continues to grow. This internship not only provides practical skills but also exposes students to the ethical and regulatory frameworks governing the financial services sector, such as those enforced by FINRA. The program's commitment to professional development and mentorship underscores the importance of soft skills and networking in career advancement, alongside technical expertise. By fostering a sense of belonging and community, Fidelity aims to create a supportive environment that encourages long-term career growth within the company, addressing the industry's need for continuous talent development.
