Should I continue to recruit/apply?

Currently a sophomore, will be interning at Fidelity this summer in a program that directly feeds into Fidelity's research associate internships for next summer. So by completing my internship in August, I'm basically guaranteed a summer 2024 return offer in a RA role.

Just wondering if there's value in recruiting for other 2024 opportunities given that I have a great offer in place. Appreciate any advice.

Comments (10)

kodi, what's your opinion? Comment below:

If you are happy with the offer, and there is no way they would retract it.. then fine. I would leave things as they are.

But if you are not really into the area or want a higher profile name on your CV.. you could continue to apply.

What is your view on this? Happy how everything went? Culture is good? You met the team/line manager, etc?

  • Prospect in AM - Other

Thanks for the reply. Very interested in investing roles and my goal is ultimately PM so I am definitely happy with the offer. Are there any investment firms that are more high-profile than Fidelity that recruit at the undergrad level? Genuinely curious because in that case I'll continue applying.

Unfortunately I haven't had the chance to meet the team as I'll only begin in June, and by that point I would have had to have finished summer 2024 recruiting.

kodi, what's your opinion? Comment below:

Google gave me this, I can not guarantee the validity of the numbers. But some of them are "more prestigious" than the other ones.

  • BlackRock. AUM: $9.464 trillion. ...
  • The Vanguard Group. AUM: $8.4 trillion. ...
  • UBS Group. AUM: $4.432 trillion. ...
  • Fidelity. AUM: $4.23 trillion. ...
  • State Street Global Advisors. AUM: $3.86 trillion. ...
  • Morgan Stanley. AUM: $3.274 trillion. ...
  • JPMorgan Chase. AUM: $2.996 trillion. ...
economistatheart, what's your opinion? Comment below:

The other poster doesn't really know what their talking about. There's tons of info here on the perceived "prestige" of top LO. That said, if you're covering equities, fidelity is one of the best.

As for fixed income, PIMCO is unequivocally the most prestigious.

  • 1
  • 3
  • Analyst 3+ in AM - FI

The only names I would take over Fidelity are Dodge & Cox, PIMCO, Wellington, Capital Group.

  • 4
Most Helpful
  • Associate 3 in IB-M&A

Quo et adipisci facere sit. Eligendi fugit incidunt aut dolor et quia facilis. Mollitia aut qui ut ut enim. Cum culpa libero et. Iste blanditiis animi nulla eos hic ut deserunt. Quis id ea maxime omnis similique blanditiis. Impedit et quis non soluta impedit est.

Aut rerum cumque at necessitatibus nemo et iste. Beatae sed nobis quaerat odit repellendus similique architecto. Eum enim error quo. Possimus eos ducimus et non sed et.

Start Discussion

Career Advancement Opportunities

March 2023 Investment Banking

  • Lazard Freres (+ +) 99.5%
  • Lincoln International (= =) 99.1%
  • Jefferies & Company (▽02) 98.6%
  • Financial Technology Partners (▽01) 98.2%
  • William Blair (▲10) 97.7%

Overall Employee Satisfaction

March 2023 Investment Banking

  • William Blair (▲04) 99.5%
  • Lincoln International (▲11) 99.1%
  • Canaccord Genuity (▲17) 98.6%
  • Stephens Inc (▲10) 98.1%
  • Financial Technology Partners (▲04) 97.7%

Professional Growth Opportunities

March 2023 Investment Banking

  • Financial Technology Partners (▲05) 99.5%
  • Lincoln International (▲01) 99.1%
  • Lazard Freres (▲14) 98.6%
  • Jefferies & Company (▽03) 98.1%
  • William Blair (▲02) 97.7%

Total Avg Compensation

March 2023 Investment Banking

  • Director/MD (6) $592
  • Vice President (27) $425
  • Associates (141) $260
  • 3rd+ Year Analyst (9) $194
  • 2nd Year Analyst (86) $170
  • 1st Year Analyst (264) $171
  • Intern/Summer Associate (45) $165
  • Intern/Summer Analyst (194) $92