2022 Summer Investment Intern - Undergraduate

Wellington Management Company LLP · Competitive · London
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We are seeking individuals in their penultimate year of study to join our 2022 Summer Internship Program. As an Investment Research intern within our London office, you will assist investors in conducting independent investment research while gaining in-depth exposure to the investment industry and our firm. The internship will last between 10 - 12 weeks. If successful, the internship can lead to a full-time offer to join our Early Career Investor Program, which lasts for up to 5 years.

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:

  • Understanding the private sales business model and market for online flash sale and coupon retailers such as Hautelook, RueLaLa, Gilt and Groupon
  • 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
  • Exploring the market size and growth potential of the Chinese lodging industry
  • 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
  • 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 lunches and other forums you will interact with and be exposed to seasoned investors throughout the Wellington organisation. 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 firms 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 along with continued support through strong mentorship. Summer interns will partner with a Research Associate as well as a more senior investor who will 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.

  • 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.
  • Candidates should be proficient with Excel and have an interest in exploring a career in finance. Hands-on technical skills and advanced skill in at least one programming language (e.g., Python, R, Spark, Java, C++/C) as well as experience working with probability, statistics, time-series and cross-sectional analysis will be viewed favorably.
  • Successful candidates are willing demonstrate the following characteristics: intellectual curiosity, a strong growth and flexible mindset, a focus on continuous improvement, willingness and ability to take risk, strong learning orientation, and offer a broad, differentiated perspective.

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