The Group
Fidelity Investments has long been a leader in managing equity portfolios, with roots dating back to the 1940s. Fidelity’s Equity division is responsible for managing diversified and industry-specific funds for millions of investors. The division consists of portfolio managers, research analysts, research associates, sector specialists, and traders who work together to deliver exceptional investment outcomes. Over the years, its capabilities have grown substantially, with investment strategies designed across style, capitalization, sector, and geography.
The Equity team relies on its proprietary research, disciplined portfolio management, and sophisticated trading process to evaluate, construct, and manage investment portfolios and deliver superior long-term results.
The Role
The Equity research analyst will work closely with Fidelity's portfolio managers and play a vital role in contributing to the investment performance of the firm. The analyst will be assigned a group of stocks within a specific industry to analyze. This analysis involves interviewing company management, communicating with external research sources, assessing customers and suppliers, competitors of companies, compiling detailed financial models and projections, and applying economic and industry analysis to produce an investment recommendation. Equity research analysts have full responsibility for coverage of the assigned companies, and stock recommendations are solely attributed to them.
The Value You Deliver
You will be responsible for both identifying new opportunities and monitoring existing positions across your assigned sub-sector(s). You will work closely with portfolio managers and other analysts on the domestic and international teams and play a vital role in contributing to investment performance.
Specific responsibilities include:
Generating and validating new ideas within your sub-sector area(s) that are consistent with the team’s investment process. Specifically, idea generation involves:
Investigating stocks generated by the proprietary ranking process to identify potential to meet a fund’s key criteria of attractive valuation and future positive change. This process typically has a quick look and, for those stocks that continue to meet the fund’s criteria, more extensive fundamental analysis.
Identifying stocks through your own process of monitoring opportunities in your sub-sector area(s) by, for example, using screens, Fidelity research and sell-side research.
Maintaining coverage of assigned sector stocks held in the required portfolios. Specifically, coverage involves:
Performing industry analysis – monitoring trends and developing a view regarding the relative attractiveness of the assigned sub sectors
Maintaining up-to-date recommendations and target prices
Creating and maintaining proprietary financial models and valuation analysis
Monitoring investment thesis to track progress of improving dynamics and other critical variables
Conducting proprietary research
Collaborating with other Fidelity analysts
Interacting with company management through meetings and calls
Communicating updates and recommendations to the equity team and broader Fidelity investment organization. The most important form of communication will be in-person discussions, supplemented by brief written reports, voicemails and emails as needed.
The Expertise and Skills You Bring
You will possess the following characteristics:
A minimum of 2 years of buy-side investment research experience
Bachelor’s degree required plus a post-graduate degree or CFA (or progress towards) is preferred
Exhibit strong analytical and communication skills, coupled with the highest level of personal and professional integrity
Shown success during their academic career and in other pursuits
Sound business judgment and a strong interest in financial markets
Seeks an edge and possesses a healthy level of skepticism in their thought process
Able to think creatively, work independently and be able to make decisions quickly, often with limited information
Demonstrate the confidence and the maturity to engage with senior level management of companies
Intellectually curious about companies and markets and have very high levels of initiative and motivation
A high level of enthusiasm for discovering new investment opportunities and genuine intellectual curiosity are critical for success in this role
The ability to consistently develop, clearly articulate and effectively communicate investment recommendations supported by a comprehensive and thoughtful research process is critical to your success at Fidelity
Note: Fidelity will not provide immigration sponsorship for this position.
The base salary range for this position is $150,000 - $250,000 per year.
Placement in the range will vary based on job responsibilities and scope, geographic location, candidate’s relevant experience, and other factors.
Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.
We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted.
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.