Fidelity vs Putnam Investments Internship
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I interned with Fidelity several years ago. Your internship with them seems like an operations role, which is far from portfolio management. You'll have a chance to network with a lot of different people and may meet people in a more investment related role. Also, Fidelity is a respected brand name in the Boston area. If you don't want to be a call representative I'd go with Fidelity.
Thanks for the response. I'm aware that both of these offers means I'd have to do some legwork to move into a role closer to portfolio management, and would likely be after I graduate. It does seem like Fidelity is the better choice, both for brand recognition and possible internal transfers.
You shouldn't call these "investments" internships: it's a far, far cry from the elite portfolio management groups, and if you're entering an advisor/call-center rep position, there won't be the structure necessary for you to network into PM groups. Both of the roles you described are entry-level, client-facing jobs on the retail side.
The PM groups at these massive Asset Management funds are some of the most highly sought after roles: I have a few friends at PIMCO/Vanguard/Fidelity, and they basically hire from top-tier Ivy Leagues for interns, and then recruit from the intern pool for FT. Def an interesting career path, alongside the more oft-discussed buy-side research analysts.
Yeah, actually when I said "investments" in the topic I was just using the full name of the company "Putnam Investments" due to it being a smaller name than Fidelity...
But I'm aware it's a relative uphill battle for me coming from a state University. I'll likely be taking the Fidelity internship and aggressively internally networking - I'll have the chance to meet a wide array of people there. I'll be looking into getting my masters from a more respected institution in the future as well.
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