Chicago 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 new Chicago office. 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

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. At the beginning of the summer, interns will be assigned a project that tackles a real problem the team needs solved. Interns will 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 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.

ROLE OVERVIEW

The Chicago-based internship provides a unique experience for interns looking to gain exposure not only to the client-facing side of the business, but to a broader list of teams that sit within our Chicago office including Trading, Human Resources, Competitive Intelligence, Compliance, Operations, and Private Investments.

Designed as a project-based internship, interns will start in our Client Group which 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 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.

The internship role will provide broad exposure to a variety of client channels, investment content, and global asset classes. The intern’s responsibilities may include, but are not limited to:

• 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 team members to support external relationships with clients, prospects, and consultants
• Working on ad-hoc projects to support our overall client efforts

During this experience, interns will develop valuable skills that are critical to servicing and retaining our clients including communication, attention to detail, and relationship management.

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
• 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

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
• Why you are interested in participating in the Chicago 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 any 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.

This position is not eligible for visa sponsorship.