Quantitative Research Undergraduate Intern

Fidelity Investments • Boston, MA

131d • Hybrid

About The Position

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. 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.

Requirements

• 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.

Nice To Haves

• Exposure to technical toolsets such as SQL and Python.
• 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.
• Exposure to quant research processes like backtesting and familiarity with cloud technologies.

Responsibilities

• Develop an AI-based tool to validate datasets for correctness, ensuring data integrity across a wide array of domains.
• Design and test a heuristic for round-lot optimization to contribute to more efficient and scalable mathematical optimization of portfolios.
• Create a decorator-based system in Python to support implicit lazy evaluation of imperatively written code.

What This Job Offers

• Career Level: Intern
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: Bachelor's degree