Quantitative Research Intern-Systematic Fixed Income Strategies Team

Job Description:

The Department
Fidelity’s Fixed Income Division is one of the world’s leading fixed income managers with over $1.5 trillion in fixed income assets managed by a staff of more than 200 investment professionals. At Fidelity, we combine fundamental research on domestic and international debt issuers with macroeconomic and quantitative analysis to make investment decisions and help our clients achieve their financial goals. The Fixed Income Division is headquartered in Merrimack, New Hampshire.

Systematic Fixed Income Strategies is a systematic, research driven investment manager, offering a wide range of systematic strategies across Fixed Income. We use a data driven research process and model-based investment process.

Systematic Fixed Income Strategies Internship

Your internship with Systematic Fixed Income Strategies will be centered around a 10-week project, where you will collaborate closely with the research and portfolio management team for designing and developing active systematic investment strategies across global fixed income markets. You will be researching and back-testing new investment insights in a risk and transaction cost aware fashion across assets like Corporates/Munis/Sovereigns/Fixed Income Derivatives. You will also work closely with Portfolio Management to understand how systematic strategies are modeled and executed optimally across Fixed Income.

Education and Experience

• Pursuing a master’s degree in a technical field (e.g., mathematics, statistics, physics, computer science, economics, or finance) with an expected graduation date in 2027 or 2028
• Demonstrated experience/interest/skill investment research
• Academic or intellectual interest in financial markets
• Excellent communication, presentation, and writing skills, as well as the ability to clearly articulate findings
• Field(s) of study must be in a technical area (STEM) and/or Finance/Economics with a strong programming background

The Value You Deliver

• Understand, maintain, and improve analytic infrastructure related to the investment process
• Collaborate closely with other investment and technology professionals within the division
• Explain complex quantitative concepts to non-technical people
• Take initiative and demonstrate leadership skills to advance the investment process

The Expertise and Skills You Bring

• Familiarity with fixed income analytics
• Proficiency in at least one programming language
• Strong analytical and quantitative abilities
• Structured and rigorous approach to problem-solving
• Intellectual curiosity and creativity
• Clear and effective communication of complex ideas
• Collaborative mindset and ability to work well in teams
• Interest in a career in investment management
• These attributes are strongly preferred:
  • Good working knowledge Python (or other modeling language) and relational databases
  • Interest and passion for investing and the financial markets
  • Familiarity with fixed income trading workflows, data, pricing and market engagement models
  • Expertise and knowledge of MSRB and TRACE data

Location: Boston, MA

Intern Program Dates: June 1st, 2026 – August 7th, 2026 (*Candidates must be available for the entirety of the 10-week program*)

Certifications:

Category:

Investment Professionals

Most 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.