Fidelity - P Test Preparation

Hi guys

I've been shadowing WSO for a long time and this is my first post. Really amazed with the insights available on this forum.

I'm a junior who just got notification of advancement to Fidelity's P Test, for the Summer Equity Research Internship. As I've never done an equity research interview / stock test, hope to know if anyone is willing to give some advice with regard to preparation for the test? I have very minimal financial modelling experience.

It's 4 hours of prep time with no internet connection, followed by a 10 minute presentation and 20 minute Q&A.

Also, for those that are interested in knowing more about passing phone interviews at Fidelity, drop me a pm!

Thanks guys!

5 Comments
 

Eos deleniti labore temporibus voluptatem. Est ut sunt voluptatem. Quaerat ducimus tempora vel.

Error omnis deserunt qui quaerat et consequatur est. Et qui voluptatum natus nostrum quia velit earum nam. Quis et rerum reiciendis voluptates qui voluptatem ab. Tempore doloremque sunt tempora sapiente commodi quis rerum omnis.

Tempora eum dignissimos eaque. Et debitis nam dolorem illo dolor. Est doloribus est ut debitis fugit quis.

Career Advancement Opportunities

May 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.6%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

May 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.0%

Professional Growth Opportunities

May 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.6%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

May 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (65) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
DrApeman's picture
DrApeman
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”