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Fixed Income Graduate

  • Type Job
  • Degree Bachelor
  • Location London, United KingdomLondonGBGreater London
  • Posted
  • Start date
  • Deadline -
  • FULL_TIMEFinanceFinance & banking

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Applications for our 2019 intake is now closed. Please register your interest in our 2020 intake.

Fixed Income

The rigour of our research, collaborative investment process and focus on our clients, create a repeatable competitive advantage

What do we do?

Our Fixed Income team manages debt securities in a range of funds across the globe covering investment grade, high yield, emerging market debt, hybrids and money markets -- all in a highly collaborative investment process.

Research

Our skilled specialist fundamental and quantitative researchers use a model-based approach to identify the best investment opportunities for our clients funds. Researchers have a strong links with colleagues in Equities and Multi-Asset.

Trading

The eyes and ears to the market, traders manage counterparty relationships, navigate market liquidity, and generate relative value ideas -- all to monitor client fund positioning.

Client focus

With ultimate accountability to our clients, Portfolio Managers manage portfolio risk and bring together ideas from the research and trading teams to generate the best possible returns. Investment directors liaise with clients and our sales / distribution teams to generate and communicate client interest.

What will I be doing?

You’ll gain a holistic understanding of the Fixed Income investment process by rotating across up to four departments - fundamental Credit Research, Quantitative Research, Trading, and Investment Directing. We’ll help you select the rotations that match your skills, interests and ambitions as closely as possible.

Research and analysis

Work collaboratively across Fidelity and look beyond traditional sources of information to get the most intelligent, complete picture of an investment opportunity.

Build models

Build business models that allow us to quickly and accurately forecast the value drivers of bonds or gilts and calculate valuation metrics.

Generate investment reporting

You’ll compile all of this information and robust analysis into a concise research report, concluding in recommendations for the Portfolio Managers.

Client and counterparty engagement

Working with investment directors, you’ll assemble fund presentations and at times get to join meetings with our external clients. In your trading rotation, you’ll engage with our counterparties to assist in the execution of bond trading for our funds.

Rotations

On this two-year programme, we’ll aim for 6-month rotations in each of four areas: Credit Research, Quantitative Research, Trading and Investment Directing departments, with a possibility to spend a rotation in Asia in your second year. The experience you gain will give you a detailed understanding of all Fixed Income investments that Fidelity offers.

What we look for

We look for intelligent, quick-thinking graduates with a keen interest in the industry. For that reason, we take on people from all degree disciplines.

Flair for numbers

It’s important that you have an interest in analysing both quantitative and qualitative data. Good attention to detail is needed to spot the nuances in data.

Independent thinker

Although you will have support, you will also have a lot of autonomy on this scheme. You need to be comfortable working both independently and with others.

Personal drive

You will only do as well as the effort you put in. Getting things wrong is a part of your development, you just need to be able to learn from mistakes and push yourself forwards.

2:1 or above

You will need a minimum of ABB at A level or equivalent and achieved (or be on track for) a 2:1 or higher. We can teach you the modelling techniques, you just need to show the desire to learn them.

Testimonials

"Fixed Income is a relatively small department so there’s more of a family atmosphere. For example, we have the morning call where analysts and traders jump on the microphone to highlight any key information to the floor."

Ranjeev, Fixed Income Investment Graduate

"I find the financial instruments we invest in very interesting so the work is intellectually stimulating. From my very first week, I was given work that had a genuine impact on the investment process."

Matthew, Fixed Income Investment Graduate

Learning & Development

You will be highly valued here and your development is heavily invested in from day one and throughout your programme.

Application process

We like well-rounded applicants, which is why we will ask you questions that will highlight your personality and potential, rather than just numerical capabilities.

Before applying, check out our top tips for how you can add value via our interview process.

Apply Online

We value the different ways that people think. The best way to explore that is to hear from you. Our initial online application form is a quick and easy process designed to take as little time as possible, so you can get on to the immersive testing and interview stages - where you can really show who you are. 

You will need to: 

  • provide an optional one-page cover letter
  • provide an up to date CV

*Please note if you are currently on a Tier 4 student visa, this means you have the right to work in the UK

Online strengths assessment

Our online testing uses a fun neuroscience-based test to help you show off your best traits. When you submit your application form you will be automatically invited to complete our on-line assessment within 5 days. (Please check you spam/junk mail folder for the invite.)

Video interview

If you’re successful at the online stage, we’ll invite you to do a 30-minute video interview within 5 days. (Please check you spam/junk mail folder for the invite.) You’ll be asked to answer 4-5 strengths-based questions and have 30 seconds to read the question, and up to a minute to give your answer. (If you feel you will need extra time to record your interview, please email us earlycareersatfidelity@fil.com to discuss before launching your video interview.) You’ll be given a practice question before you start so you have time to get used to the format. There isn’t a wrong or right answer, this is a chance for you to show us how you approach answering questions about your strengths and interests.

Strengths-based interview

The next stage of our application process is either a face-to-face or Skype interview, depending on your location. The questions you’ll be asked here are a combination of motivational and strengths-based questions and give us a chance to understand what you enjoy and what areas of the role fuel your enthusiasm. It’s best not to over-prepare for these as we want you to be yourself and feel relaxed. Remember to think about specific examples of when you’ve demonstrated your strengths so that we can get a clear view of who you are a person.

Assessment centre

During the assessment, you will be involved in a mix of technical and motivational interviews, a numerical test or group task, and a technical case study exercise. The day is also a great chance for you to meet different members of the team here at Fidelity and ask any questions you have about the business - this day is as much about you making sure Fidelity is the right place for you as us assessing your strengths.

Offer

Stand out at the assessment centre and we’ll offer you a place on the programme. You’ll have two weeks from the day you receive your offer to make a decision. We can assign you a current graduate as a buddy to help with your decision making. Plus they’ll continue to be on hand to support you throughout your early career at Fidelity. If successful you will start on 2nd September 2019.

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