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It's Wellington's program for hiring Research Associates out of school who they can develop into becoming analysts. There's an internship program (targeted towards women and URMs, but not exclusively) and a full-time one as well (new grads and experienced hires with 1-3 years experience). Very competitive program, with multiple phone screens and a final round where you have 90 minutes to pitch one of two names they give you to a committee.

I had an exploratory call about the internship program, but ended up taking another offer since Wellington recruits fairly late for interns (mid-late fall of junior year). Can't say much about return offer rates, but comp is probably in-line or a slight haircut to IB (~$150k TC). 

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