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Summer 2027 Undergraduate Internship - Actuary

Fidelity Investments · Chicago, IL · $20.00–$32.00 an hour · Full time

Posted Sep 21, 2026 · We last checked this listing on Oct 6, 2026

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Likely interview questions for this role

Written from this job description, not a generic list. Each one notes what the interviewer is really checking.

About your past

Why actuarial work, and which exams have you passed or are you studying for?

What they are checking: Commitment to the actuarial path, since exam progress shows discipline and real interest in the career.

Tell me about a time you found an error in a spreadsheet or calculation. How did you catch it?

What they are checking: Attention to detail and checking habits, which matter a great deal in actuarial deliverables.

Tell me about a team project where you had to learn something new quickly.

What they are checking: Learning speed and teamwork in a program built around contributing as a valued team member.

How do you balance studying for an exam with a demanding schedule?

What they are checking: Time management that predicts how they will handle work and exams together as an actuary.

What do you hope to learn about consulting or benefits work this summer?

What they are checking: Whether they have specific goals and have thought about where actuaries fit at Fidelity.

What would you do

You're given a large data file of plan participants and some birth dates are clearly wrong. What do you do?

What they are checking: Data judgment and whether they flag and document problems rather than quietly guessing.

Your supervisor gives you an assignment with very little instruction. How do you get started?

What they are checking: Initiative and comfort asking clarifying questions without needing every step spelled out.

About the work

How would you explain present value to someone who has never heard the term?

What they are checking: Whether they truly understand a core actuarial concept well enough to explain it simply.

If interest rates go up, what happens to the value of a pension plan's liabilities, and why?

What they are checking: Basic grasp of discounting and liability sensitivity that underlies pension valuation work.

What Excel, VBA, Python or SQL skills do you have, and what have you built with them?

What they are checking: Practical tool skills that let an intern contribute to real projects during a ten-week program.

Practice this interview out loud.

Offer builds a real interview for this exact role at Fidelity Investments from your resume and this job description, asks the questions one at a time, and tells you what landed. The first one is free.

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The full job description

As published by Fidelity Investments.

Job Description: The Fidelity Intern Program (FIDTERN Program) Fidelity’s full-time, paid, 10-week FIDTERN Program offers students the opportunity to contribute to meaningful, real-world work and projects as valued members of a dedicated team. These positions are only located in Chicago, IL | Denver, CO | Westlake, TX Our program is designed to provide students with a firsthand experience of what it’s like to work here full-time. We deliver a best-in-class program experience to ensure interns feel a sense of belonging and community, while receiving critical training and development to be a future Fidelity associate. Here’s the experience you can expect to have as a FIDTERN: • Professional & Financial Development Sessions: Join exclusive webinars designed to equip you with essential skills for both your career and personal growth! Learn directly from senior leaders, sharpen your professional communication, explore strategies for maintaining well-being in the workplace, and build financial confidence through expert-led financial literacy workshops. • Mentorship: Opt-in to our intern mentorship program and connect with experienced professionals who will support your growth and help you navigate your career journey. • Regional Events: Build connections with leaders and fellow interns through engaging onsite experiences and unwind with your peers at fun local outings (like go-karting, pickleball, or bowling). The Role Seeking students studying actuarial science or quantitative finance who are analytical and enjoy problem solving. The Intern Consultant works with Senior Associates Consultants to provide advice to clients regarding their benefit programs with an initial emphasis in defined benefit plans. We work with you to develop financial, business, and consultative skills. Your career path could range from a pension actuarial focus to a broad client strategy role, guiding finance, and human resource executives regarding their retirement, health and welfare, and employee communication needs. The Expertise and Skills You Bring • Mathematics, Actuarial Science or quantitative subject major preferred • Strong writing, presentation, and interpersonal skills • Intellectual curiosity, creativity, along with analytical and problem-solving skills • A high aptitude to learn new things quickly and adapt to new situations while being inventive and prioritizing responsibilities • Critical thinking skills • Current college student undergraduate who will return to coursework after their summer internship • Availability for entire 10-week program from June 7th – August 13th, 2027 Note: Fidelity is not providing immigration sponsorship for this position The base salary range for this position is $20 - $32 per hour. Placement in the range will vary based on job responsibilities and scope, geographic location, candidate’s relevant experience, and other factors. Note, the application window closes when the position is filled or unposted. Please be advised that Fidelity’s business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories. Certifications: Category: Administration

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