Early Career Investor - 2023 Summer Internship

Recruiter
Wellington Management Company, LLP
Location
London, United Kingdom
Salary
Competitive
Posted
20 Sep 2022
Closes
25 Sep 2022
Ref
16947467
Job Function
Other
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
About Us

Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.

We are transitioning to a hybrid work environment where both remote work and the office play a critical role. Our vision is a future where all employees are empowered to work flexibly to drive the best outcomes for our clients. Flexible work is a mindset and a core value. Our employees are encouraged to work remotely two days a week as a standard practice and will have flexibility in terms of working hours.

About the Role

THE POSITION
We are seeking individuals to join our Early Career Investor (ECI) summer internship, starting June 2023. During the 10-12 weeks, you will assist seasoned investors in conducting independent investment research while gaining in-depth exposure to the investment industry and our firm. We have 3 open positions across our Fixed Income and Equities divisions.

There are five primary components to the summer internship experience: (1) project for an investment team, (2) exposure to Investment Science (3) access to investors and business leaders across the firm to better understand our firm and its culture, (4) in-depth exposure to the investment industry, and (5) feedback and mentorship.

1. Investment project

Projects are sourced from multiple areas on the Investment Platform, which includes the Investment Research, Investment Boutiques, Investment Science, and Investment Strategy groups. The origin and nature of the work will be based on the analytical needs of our investors and will mimic the work of our full-time Research Associates (the graduate investment role at Wellington). At the end of the summer, you will be given an opportunity to share and present your work, in a small group forum.

Examples of previous projects include:
  • Exploring the market size and growth potential of the Chinese lodging industry
  • Understanding the private sales business model and market for online flash sale and coupon retailers such as Hautelook, RueLaLa, Gilt and Groupon
  • Studying the municipal finance market to determine funding vulnerabilities at the state and local level
  • Evaluating investment opportunities in the for-profit education industry in light of changing government regulation
  • Developing a framework for evaluating valuations of gold miner equities relative to the gold commodity price
  • Creating a currency hedging strategy for a multi-asset portfolio
  • Conducting ESG Analysis on companies in the Interactive Media & Service sector including Facebook, Instagram, Twitter and TikTok
  • Developing a Transition Risk Framework that can be applied to understand the impact of these risks on the financials of a company
2. Exposure to Investment Science

You will work with your peers on a small project to gain Python skills and enhance your understanding of investment science skills and concepts. At the end of the summer, you and your peers will be given an opportunity to jointly share and present your work, in a small group forum.

Examples of previous projects include:
  • Analyzing government spending data to gain insights into the revenue for large government vendors
  • Assessing CEO compensation to understand if a CEO is paid too much relative to peers
  • Creating a dashboard to display COVID-19 consumer spending data
3. Getting to know our firm

Through a series of interactive brown bag lunches and other forums you will interact with and be exposed to seasoned investors throughout the Wellington organization. Through this exposure you will both build your network and discover what makes the Wellington experience unique.

4. Immersion into the world of investing

You will have the opportunity to develop and deepen your investment knowledge by attending company management meetings, participating in stock simulations, accessing the firm's proprietary research notes and observing our daily investor Morning Meeting.

5. Mentorship and feedback

You will receive training throughout the summer to develop the skills required for this internship, and a potential career in investment management. This will be through a combination of in-house sessions covering accounting, financial statement analysis, advanced Excel modeling and FactSet or Bloomberg tutorials along with continued support through strong mentorship. Summer interns will partner with a Research Associate as well as a more senior investor who will work along with the Director of Early Career Investor Development to provide support and feedback. We seek to develop interns and early career hires through an apprenticeship model, by offering extensive one-on-one interaction with more senior investors.

WHAT WE'RE LOOKING FOR
  • We focus on finding students with a broad range of backgrounds and experiences - with an emphasis on strong academic credentials and demonstrated analytical and writing abilities. Candidates should possess outstanding interpersonal and organizational skills, be resourceful and detail-oriented, and possess a strong work ethic. We are looking for interns who have a passion for gathering information, are inquisitive, and can draw connections between, or recognize patterns among, seemingly disparate topics. An economics or finance major is not a prerequisite, and no previous investment or finance experience is required. However, candidates should be proficient with Excel and have an interest in exploring a career in finance
  • Intellectually curiosity and mental flexibility, strong growth mindset, focused on continuous improvement, willingness and ability to take risk, strong learning orientation and willingness to try new things, and a broad, differentiated perspective
  • Aptitude for building investment science skill sets. While no previous technical skills are needed, we are looking for individuals who are willing to learn and have an interest in the intersection of science and investing
APPLICATION PROCESS
We welcome applications from individuals across all backgrounds. Interested candidates should submit the following as one document:
  • CV
  • Statement of interest (1 page limit) that addresses
    • Why are you interested in exploring a career in investing?
    • Explain your motivation for applying for Wellington and why does the ECI internship interest you?
    • What extracurricular activities do you participate in that could help you contribute to the programs goals?
    • What current event or theme could be an interesting area to research for potential investment opportunities and why?
Please note that we recruit on a rolling basis, so you are encouraged to apply early.

Wellington Management Company, LLP is committed to providing equal employment opportunities for all qualified persons without regard to race, color, sex, sexual orientation, age, religion, nationality, ancestry, handicap, or veteran status.

Not sure you meet 100% of our qualifications? That's ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds.

As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law . If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at GMCANINQ@wellington.com .

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