Fidelity Investments

The firm reviews on a rolling basis and aims to complete internship hiring by January, so the loop from application to offer typically stretches across several weeks of the autumn rather than landing at a single deadline. Because one FIDTERN application is considered across eight skill areas, with recruiters matching candidates to a team, the interview itself tilts toward the area Fidelity routes the application to rather than the one the candidate picked at submission, so preparation needs to cover the breadth of the corporate skill areas rather than a single track.

Fidelity's student careers hub organises early-careers into three distinct tracks:

• FIDTERN Summer Internship: a 10-week paid program running June to August, with roughly 1,000 interns across eight skill areas (actuary; audit, risk and compliance; client relations; corporate services support; finance; human resources; operations; technology), typically applied to during the sophomore or junior year
• Asset Management internships: separate from FIDTERN, including Equity Research Associate (Boston, Chicago, London, Hong Kong, Tokyo), Fixed Income Research Associate (Merrimack, NH), Direct Lending Associate (Chicago), Strategic Advisers Research Associate (Boston), an MBA Equity Research Analyst internship (Boston), and a Quantitative Research internship for Master's and PhD students leading into a two-year, four-rotation program (asset management page)
• Career Discovery Programs: pre-internship pathways including the Boundless High School Summit, a five-week Boundless High School Internship (Boston, Merrimack), Boundless College Job Shadow and Mentor Program, and FidHacks, a first-year college hackathon that can fast-track participants into a later FIDTERN internship (career discovery page)

The FIDTERN-and-Asset-Management split matters at application: FIDTERN takes one application matched across eight corporate skill areas, while Asset Management roles are applied to per-program and run on their own per-geography timelines, so a candidate interested in both is preparing two distinct application threads rather than one.

That sits alongside more than 80,000 associates across 11 countries, 14 global regional sites, and 215 Investor Centers, as the firm's About page describes. Fidelity has been privately held by the Johnson family since its 1946 founding, a structure that is unusual at this scale and a clean contrast to the publicly traded asset managers a candidate would otherwise be comparing against. The student-program structure is also unusual: one FIDTERN application maps to eight skill areas with recruiter-driven matching, and the Boundless suite plus FidHacks reach into high school and freshman year rather than starting at the sophomore-summer point most large managers begin recruiting. For a candidate choosing between Fidelity and a publicly traded peer, the deciding axes are the breadth of the corporate-services-plus-asset-management split and whether a private-company structure outside a quarterly earnings cadence is the kind of platform they want to start out on.