Hello! Recently just got a first round for Fidelity ER role (in Boston IIRC). Was wondering if anyone had any insight on what the rest of the process will look like?
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Based on the most helpful WSO content, the interview process for Fidelity's Investment Research Associate Internship typically includes the following steps:
Initial Screening Interview: This is often a phone or virtual interview where you discuss your motivation for the role, your interest in Fidelity, and possibly a few stock ideas or market-related questions.
Fit Interviews: These are designed to assess your cultural fit with the team. Expect behavioral questions and discussions about your resume, experiences, and how you handle teamwork or challenges.
Case Study or Stock Pitch: You may be given a case study or asked to prepare a stock pitch. This could involve analyzing a company, presenting your investment thesis, and defending your ideas during follow-up questions.
Final Round Interviews: These are typically more in-depth and may involve multiple team members, including senior analysts or portfolio managers. They might focus on technical skills, your thought process, and your ability to articulate investment ideas.
Preparation tips: - Brush up on financial modeling and valuation techniques. - Be ready to discuss recent market trends and specific stocks. - Practice behavioral questions to highlight your teamwork, problem-solving, and communication skills.
Good luck with your interview!
Sources: Q&A: Equity Analyst at a Sovereign Wealth/Pension Fund, Summer Analyst Reflection, My PE Recruiting Process, Interview with an Equity Research Associate (Part 1/2), Goldman Sachs Interview Process
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