Dick - do you have any more specific insight into recruiting process / technicals required? I’m in the process for soph internship, and they said there’s 2 spots for equity specialist and 1 spot for RE debt. Perhaps you can infer based on similar roles. Should I prep for standard equity research (if so, could you help outline process)?

 

The sector specialist role is an auxiliary role to the ER teams. You would provide support to the analysts in conducting forms of "proprietary" research, so it's more of a MO support role (albeit still great as a sophomore summer role).  

 

Dick, what about Fidelity's reputation for being political / having a bad culture? Have heard a lot of people in the industry say this

 

i heard full-time comp is well below IB comp though…

 

First year/2nd year comp is slightly below street. By 3rd year it reaches parity and scales far more quickly

 
Most Helpful

OP - stick to your interests. WHat IB comp is compared to Fido ER is irrelevant. You're not interested in IB. It's like saying Fido pays X but orthopedic surgeons make Y. Who cares, you're not a surgeon and don't want to be one. Now is a good time to learn to stop the constant comparing to IB. If you want IB, great. If not, you'll drive yourself crazy with comparisons. FYI- if you make the incredibly competitive cut (way more competitive than IB - I mean WAY!) at Fido ER, your income tract will be awesome. Some will stay as analysts their whole career and make 7 figures. Others will move to PM and make multiples of that. Worry about getting the job and thriving at it vs. IB comp comparisons.

Best of luck BTW!

 

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