Quantitative Research Undergraduate Intern

Job Description:

The Department

QRI is an investment division within Asset Management at Fidelity. We are responsible for the management and development of quantitative and hybrid quant/fundamental investment strategies and solutions while providing high quality quantitative, data-driven support to Fidelity's fundamental investment professionals, ensuring they have access to the most relevant data and advanced quantitative analysis.

QPRS Internship

This internship is hosted by the Quantitative Portfolio and Research Solutions (QPRS) team within QRI. We are responsible for the data, services, and technology which support quants in their research and power quantitative models that inform investment decisions.

Education and Qualifications

• Pursuing a technical undergraduate degree in fields such as mathematics, statistics, physics, or computer science through summer 2026
• Familiarity with programming in Python, R, or equivalent research languages
• Strong interpersonal skills and an eagerness to work in a team environment
• Demonstrated expertise in technical problem solving, in finance or scientific fields
• Passion for investing and financial markets

The Role

Projects may include, but are not limited to, the following:

• AI-Driven Data Validation, developing an AI-based tool to validate datasets for correctness, ensuring data integrity across a wide array of domains. This project provides background in financial data and exposure to emerging technologies.
• Portfolio Optimization through designing and testing a heuristic for round-lot optimization, contributing to more efficient and scalable mathematical optimization of portfolios. This project gives exposure to advanced mathematical concepts used in modern portfolio management.
• Research Framework Design by creating a decorator-based system in Python to support implicit lazy evaluation of imperatively written code. This project leverages engineering skill and provides insight into how quant research is undertaken at scale.

The Skills You Bring

• Analytical ability to quickly comprehend domain-specific challenges to develop new processes, perform calculations, identify solutions, and to implement them
• Exposure to technical toolsets such as SQL and Python, with substantial mastery in the tools required for your project
• Experience contributing to complex projects as a part of small teams in a fast-paced environment
• Capability to liaise with investment professionals to gather requirements and manage deliverables, either directly or in partnership with technical development teams
• Highly proactive and self-motivated with the ability to meet objectives independently
• Exposure to quant research processes like backtesting, computing core statistical measures, and familiarity with cloud technologies for running these capabilities at scale is a plus

Location: Boston, MA

Sponsorship: Fidelity Investments does not offer work visas for this role.

Intern Program Dates: June 1st, 2026 - August 7th, 2026

Candidates must be available for the full duration of the 10-week program.

Certifications:

Category:

Investment Professionals
Fidelity's hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office.

Please be advised that Fidelity's business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.

Client-provided location(s): Boston, MA

Job ID: Fidelity-2116632

Employment Type: INTERN

Posted: 2025-09-02T23:45:10