Business Undergraduate Summer Intern

WELLINGTON MANAGEMENT

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 50 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. 

PROGRAM OVERVIEW

We are seeking enthusiastic self-starters to be part of the Undergraduate Summer Internship Program. This 10-week summer internship is a paid, full-time (40 hours/week) opportunity starting June 3, 2024, in our Boston headquarters. Interns are offered relocation assistance and a housing stipend along with a flexible work environment.

During your Wellington summer internship experience, you will have the opportunity to gain exposure and expand your professional toolkit through three main internship components: (1) internship assignments, (2) firmwide knowledge series and social events, and (3) mentorship and feedback:

1.  Internship Assignments

Summer interns will work within specific teams in the client and infrastructure platform (see descriptions below). Interns will be given day-to-day responsibilities that help support the team they are working with, helping them to gain an in-depth understanding of what the function does daily. Some interns will be assigned a summer project that tackles a real problem the team needs solved. Interns will also complete ad hoc projects with various other teams in their departments and more broadly across the firm. At the end of the summer, interns will present about their day-to-day responsibilities, summer projects, and lessons learned to their peers, mentors, and senior leaders.

2. Firmwide Knowledge Series and Social Events

Through a series of interactive speaker sessions, interns will learn from experienced professionals about various departments and functions within the company, helping to expand interns’ knowledge of the firm and potential career paths. Interns will attend multiple social networking events with senior leaders from across the firm. These opportunities, among others, will allow interns to build their network and discover what makes the culture at Wellington so unique.

3.  Mentorship and Feedback

Summer interns are paired one-on-one with a mentor who is dedicated to their learning and growth. Mentors will be recent hires, who are participating in our Business Associate Program, many of whom were former interns themselves. Interns will interact and collaborate with other colleagues on a daily basis from various teams and departments. Interns will receive consistent formal and informal coaching, as well as feedback from their peers, mentors, and managers.

This position is not eligible for visa sponsorship.

2024 OPPORTUNITIES

Business interns will have the opportunity to work on various teams across the firm, gaining a practical understanding of the operational functions that support our business. Internship opportunities may vary based on current business needs, but typically include roles within our Client and Infrastructure Platforms detailed below. Applicants will be considered for all opportunities listed, but you should specify any particular interest in your required materials.

Client Group

The Client Group provides high quality service and investment solutions to all of Wellington Management’s clients, prospects, and consultants. The group’s mission is to provide “service alpha” – to go above and beyond what our clients expect. Examples of client-initiated services include day-to-day operational requests, reporting, and contract/guideline revisions. The internship within the Client Group affords a unique opportunity for those individuals who are passionate about and are seeking to embark on a career in investment management in a client-facing role.

The intern will have exposure to a variety of prospects and clients, including institutional, financial intermediaries, and financial reserves. Within the Client Group, the summer intern’s responsibilities may include, analyzing potential opportunities for new business within a geographic region or channel, assisting with business analytics and competitive analysis, engaging with Wellington’s evolving technologies and client related applications, attending various internal cross functional meetings, collaborating with members of the Client Group to support external relationships with clients, prospects, and consultants, and working on ad-hoc projects to support our overall client efforts. With this experience, the intern will develop valuable skills that are critical to servicing and retaining our clients including communication, attention to detail, and relationship management.

Competitive Intelligence

The Competitive Intelligence Team enhances the firm’s product, market, and business intelligence to better prepare and position our personnel for client, consultant, and prospect conversations, which in turn will allow us to grow the top-line more effectively and better defend existing mandates. The team also aims to provide digestible and actionable information so leaders across the firm can make more-informed decisions and set priorities more effectively (e.g., assess the commercial viability of product ideas being considered for development). To accomplish these objectives, team members are in-house experts on a variety of third party and Wellington-designed analytical applications and focus on automation and scalability wherever possible. As a Competitive Intelligence intern, you will work closely on business reporting solutions and analytics with various groups across the firm, including Investment Product & Fund Strategies, the Client Group, and senior management. This role will provide broad exposure to many teams and areas of the investment management business. Working in this role requires a high degree of intellectual curiosity, attention to detail, written & verbal communication skills, proactivity, and enthusiasm.

COO Group – Sustainable Investing

The objective of the Sustainable Investments (SI) COO Team is to operationalize Wellington’s strategic vision for sustainability and ESG.  This includes cross-platform efforts to evolve internal infrastructure including business policies and processes, data and technology, stewardship and proxy voting, client reporting, product disclosure, business analytics, and develop and execute the SI operational strategy to meet our investment, client, and regulatory imperatives. The SI COO intern will work closely with other analysts on the team to leverage key data manipulation and visualization tools (e.g., Tableau, Python) to develop scalable analytics across a breadth of asset classes and datasets (ESG ratings, carbon, portfolio positioning, internal software usage data, etc.). The intern will develop their communication skills, as they learn to distill down key takeaways from large, complex datasets and hone their quantitative analytical skills. During the summer, the intern will have exposure to how SI data and analytics are incorporated into investment strategies across the firm and will meet with a variety of key SI stakeholders.

Finance and Administration

The Financial and Administration intern will have the opportunity to gain practical experience in learning the corporate finance space of the asset management industry. Responsibilities may include assisting with financial analysis and modeling, budgeting, expense management, conducting tax research, and supporting the team in completing various financial and administrative tasks.

The position will require the intern to work in close collaboration with other members of Finance and to support various areas of the firm including the Client Group, Investment Management, and many of our management and oversight Committees. This internship will provide a solid foundation to finance and administration, and help interns develop skills around data analysis, attention to detail, and financial reporting.

Global Marketing

The internship within the Client Group’s Global Marketing Team affords a unique opportunity for individuals who are passionate about and seeking to embark on a career in global marketing and communications within an investment management or financial services firm. Wellington’s Global Marketing Team’s mission is to communicate the firm’s culture, brand, and investment capabilities to retain and grow our business. The internship role will provide an opportunity to work with our Boston-based Global Marketing Team and help support our marketing efforts. The summer intern’s responsibilities may include assisting with our social media program, conducting a competitive assessment across our global digital landscape (e.g., websites, social media, apps, video), contributing to our sustainable investing campaign, and working on ad-hoc projects to support our overall global marketing efforts.

Global Trading

The Global Trading intern will work closely with our Global Trading teams to support the various aspects of the trading cycle. Responsibilities may include interacting with Fixed Income and Equity traders, brokers, custodian bank representatives, and other individuals located in offices globally. The intern will also gain expertise in trading and settlement practices associated with today’s global financial market and increase proficiencies in industry applications such as ALERT, CTM, and Bloomberg. This internship will provide valuable exposure to the lively world of global trading and help interns develop skills in trading operations, market analysis, and decision-making.

Legal and Enterprise Risk Management

The Legal and Enterprise Risk Management intern you will gain a practical understanding of the legal and risk management operations of a global investment management firm. The intern will support the function’s evolving compliance programs, contribute to the completion of risk-mitigating projects, and conduct analysis and reporting. Responsibilities may include tagging and analyzing key risk management metrics, gaining proficiencies in regulatory requirements of regimes applicable to a US investment adviser, assisting with due diligence process for new and critical vendors, and assisting with the testing of control design and effectiveness. This internship will provide valuable insights into the legal and risk management requirements within the asset management industry and help interns develop essential skills in legal analysis, risk assessment, project management, and relevant software and applications.

PROGRAM BENEFITS

• Full-time, paid internship lasting 10 weeks
• Housing stipend to help offset the costs of travel and room and board during the internship
• Relocation reimbursement for traveling to and from the internship location
• Flexible work environment with in-office and work from home options
• Technology provided to each intern, such as a laptop, for ease of connection and hybrid work
• Learning and development sessions
• Intern social events

QUALIFICATIONS

We seek all talented, hardworking undergraduate students with a broad range of backgrounds and experiences. The program is inclusive to all undergraduate students but focuses on students with a demonstrated commitment to promoting diversity, equity, and inclusion and support of underrepresented groups in the investment management industry, including but not limited to, women and people of color.

Key Qualifications:

• Current undergraduate student working towards a bachelor’s degree – no seniors
• Any major and no previous finance experience is required
• Participation in on-campus activities, leadership roles, and volunteer opportunities
• Effective communication skills, both written and verbal
• Organized, detail-oriented, and ability to manage multiple, simultaneous tasks
• Entrepreneurial, self-starter who is resourceful and has a curiosity to learn
• Strong work ethic, adaptability, and interpersonal skills with the skill to collaborate in a team

This position is not eligible for visa sponsorship.

APPLICATION PROCESS

For questions only, please email undergradrecruiting@wellington.com. For Workday or application issues, please use our website’s career email GMCANINQ@wellington.com.

Application deadline: 24 October 2023 at 12:00PM EDT

Materials

Interested candidates should submit the following materials bundled together in PDF format in Workday where it says upload Resume/CV:

1. Resume, 1 page max

2. Statement of interest, 2 pages max, that addresses:

• Why you are interested in working for Wellington Management
• What role(s) you are most interested in the program
• Why you are interested in participating in the business internship program. Please include an explanation of how you would bring a diverse perspective to the firm and could contribute to the firm’s commitment to foster a culture of diversity and inclusion.

3. Unofficial transcript

All documents should be submitted together, in PDF format, titled with your Last and First name. You will submit at the beginning of the application where it says upload Resume/CV. Applications with missing documents or information missing from the required questions for the statement of interest will not be considered.

Please note you will not be able to change your application after you submit it. If you have questions or issues submitting materials, please email undergradrecruiting@wellington.com.

Interviews

Qualified candidates will be notified about their candidacy on an on-going basis but mainly in the weeks after the application deadline. If chosen for the First Round, you will be scheduled for a virtual interview with a campus recruiter or program manager. Then, Final Round interviews will take place virtually in December.