Quantitative Research Undergraduate Intern
Job Description
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 ProfessionalsMost roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles.
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.
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 ProfessionalsMost roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles.
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.
About Fidelity Investments
At Fidelity, since our founding in 1946, we have been dedicated to strengthening and security our clients’ financial well-being through exceptional service and innovative solutions. We empower over ~50 million people to achieve their most important financial goals, manage employee benefit programs for nearly 24,000 businesses, and support more than 16,000 wealth management firms and institutions with cutting-edge investments and technology. Our diverse business portfolio and independence provide us with a comprehensive view of the market and the stability to deliver long-term value for our customers. As the financial industry evolves and customer needs grow more complex, Fidelity continues to reinvent, innovate, and transform to meet the challenges of tomorrow’s financial landscape.
*Specifically serviced by our Clearing & Custody team within Fidelity Institutional
Fidelity TalentSource, is the in-house temporary staffing provider for Fidelity Investments. Unlike traditional staffing agencies, we are an internal business unit within Fidelity’s Talent Acquisition team, dedicated to recruiting talent from various backgrounds for roles in Fidelity’s regional and investor center locations. Our mission is to help you experience Fidelity’s diverse and inclusive workplace while expanding your skill set and professional network, with the ultimate goal of conversion to full-time employment as part of Fidelity’s long-term strategy. To learn more about temporary positions at Fidelity Investments, visit FidelityTalentSource.com.
