Internship Review at Fidelity Worldwide Investment

The Role

Role Description

Weeks 1-3. Shadowing an equity research analyst in order to gain an insight into the actual role. Reading up on the sector and companies that they cover. Attending company, broker and internal meetings.

Weeks 1-8. Working on a bespoke research project for one of the company's fund managers. It's difficult to summarise the day-to-day tasks because there was so much freedom as to how one could approach the work. Some of the main tasks for my project included: Building supply/demand models, speaking to industry experts, speaking to brokers, researching legislation, analysing market research, weekly update meetings with my sponsors, identifying which of the companies that I was looking at would be the 'winners' and 'losers', preparing a presentation, presenting my conclusions to a range of fund managers and analysts.

Week 9. A week long training program with the joining graduates; a focus on analysing financial statements and macroeconomics.

1. To what extent did you enjoy your work placement or internship?

★★★★★★★★★★

Rated 10/10

This was my third internship and has been by far the most interesting.

2. To what extent did you feel valued by your colleagues?

★★★★★★★★★★

Rated 10/10

The audience for my final presentation was a pleasant surprise. The majority of fund managers genuinely take an interest in the internship projects.

3. To what extent were you given support and guidance by management/your supervisor(s)?

★★★★★★★★★☆

Rated 9/10

If I had needed more support I'm sure that it would have been there but the freedom to focus on the details that I found interesting was one of the most exciting aspects of the job.

4. How busy were you on a daily basis?

★★★★★★★★★★

Rated 10/10

I was very busy throughout the internship, this was because of the targets I set myself rather than what I was told to do. It's down to the intern to decide how busy they want to be.

5. How much responsibility were you given during your placement?

★★★★★★★★★☆

Rated 9/10

The first three weeks were mainly spent shadowing an analyst, I felt that these were more about learning than taking responsibility.

Throughout the rest of the internship there was much more responsibility, the project was on a topic of genuine interest to the company.

6. To what extent did/will the skills you developed, and training you received, assist you in your degree studies and beyond?

★★★★★★★★★★

Rated 10/10

The skills I learnt throughout the internship mainly related to stock-picking; they will not just be important in my professional career, but also when I invest my own money in equities.

These skills were augmented by the week of theoretical training at the end of the summer.

The Organisation

7. What was the general atmosphere in your office?

★★★★★★★★★☆

Rated 9/10

A very relaxed atmosphere, everyone in the company was extremely approachable. Numerous socials were organised through the summer.

8. How well organised was the overall work placement or internship set up?

★★★★★★★★★★

Rated 10/10

Extremely well organised. All systems were set up when I arrived and by the end of the second day my diary was already filling up with meetings.

9. In terms of personal training and development, to what extent did the company or firm invest in you?

★★★★★★★★★☆

Rated 9/10

The first three weeks shadowing was purely for my benefit, to learn about the role (I did have project work to do at the time as well though). The final week training, again, was focused on my personal development. I had not received this level of training at either of my previous internships.

10. What were the perks on your work placement?

★★★★★★★★☆☆

Rated 8/10

• International Travel
• Company Parties/Events
• Working from home

11. How appealing are future employment prospects within the organisation?

★★★★★★★★★★

Rated 10/10

I was made a full-time offer. The company was also flexible with regards to my start date.

Other Information

12. Was there a good social scene amongst any fellow placement students/colleagues?

★★★★★★★★★★

Rated 10/10

The intern team was not large compared with the investment banks, but the interns (MBA and undergrad) all sit in close proximity. I'm still in contact with all of the other interns and there were social events throughout the summer, organised by us, and by Fidelity.

13. What was the cost of living and socialising in the area you worked in?

★★★★★☆☆☆☆☆

Rated 5/10

I was based in Central London, so not cheap, but fine taking into consideration the intern salary.

14. What was the Nightlife like in the area you worked?

★★★★★★★★★★

Rated 10/10

If you're working in London then the city is a much better place to be than Canary Wharf!

15. Were there many opportunities to get involved in activities outside of work?

★★★★★★★★★★

Rated 10/10

Lots to do in London.

Review 3/5 for Fidelity Worldwide Investment

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