Launch Research Associate Program

  • Competitive
  • Boston, MA, USA
  • Permanent, Full time
  • Wellington Management Company, LLP
  • 21 Oct 18

Launch Research Associate Program

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.

POSITION

THE POSITION
We are seeking qualified candidates to join our Launch Research Associate (RA) Program. The goal of the Program is to provide analytical resources to support the firm's mission of superior investment performance.  Additionally, we endeavor to develop and identify exceptional Launch RAs to build our pipeline of talented investors.  Program participants will play a critical role in assisting experienced analysts and portfolio managers in conducting research and implementing their investment process.  

Launch Research Associates are hired globally, domiciled out of our Boston, London, Singapore, Hong Kong and Tokyo offices. Rotational opportunities (both short and longer term in nature) may be available between our global office locations listed above, along with our Radnor, PA location. Interested candidates should have geographic flexibility.

In the first couple of years in the role, Launch Research Associates will have the opportunity to rotate across the Investment Platform, within and between the Investment Research, Investment Boutiques, Investment Strategy and Investment Science groups. Typically, rotations are 6-12 months in length.  The duration, nature, and number of rotations will vary considerably based on investor needs, fit, and the participants' skills and interests.

Examples of the nature of the work include:
•    Analyzing potential investment opportunities
•    Building and maintaining company financial spreadsheets
•    Modeling sophisticated financial instruments
•    Completing complex analytical projects
•    Researching macroeconomic themes
•    Interpreting company announcements
•    Attending company meetings & conferences
•    Developing & communicating investment ideas in spoken & written form

After rotating, participants may be placed in a longer-term (>1 year) assignment with an investment team. The total Launch Program is maximum 5 years in length.  A Launch RA's career path during and after the five-year period is based upon personal interests, individual skill and fit.  Some RAs pursue graduate studies upon completion of Launch.
The Program affords a unique opportunity for those individuals who are passionate about and are seeking to embark on a career in investment research and investing.  We expect new entrants to join the Program by July 2019.  At that time, there will be a Boston-based, initial in-house training curriculum focused on developing accounting, financial statement analysis, and financial modeling skills, as well as providing broad exposure to the investors and investment landscape at WMC.  Supplemental training and career coaching will be provided on a continuous basis throughout each participant's tenure with the Program along with mentorship from experienced investors and peers.  In addition, participants will be required to pursue the CFA exam to further their financial acumen.

QUALIFICATIONS
The size of the Program is intentionally kept small to ensure participants receive personalized attention.  There is a competitive and rigorous interview process for each applicant. 

We are seeking candidates who display the following characteristics:
•    Demonstrated interest in and passion for investing and strong desire to analyze investment opportunities
•    Intellectually curious and mentally flexible, focused on continuous improvement, willingness and ability to take risk, try new things, and bring a broad, differentiated perspective
•    Analytical and problem-solving skills: must be able to synthesize disparate information, identify the most important elements, and arrive at a conclusion

Other important qualifications include 1-3 years of work experience, strong academic credentials (preferred 3.3 or greater), consistent track record of achievement, strategic thinking, initiative, humility, and the ability to learn from and collaborate with colleagues.  Progression towards the CFA will be viewed favorably.  Non-English language skills (especially Asian languages), and a desire/flexibility to work outside the US will be viewed favorably.    

APPLICATION PROCESS
To be formally considered for the Launch Program, please see the instructions     and requirements outlined below. 

Qualified candidates should submit their resume, statement of interest, sample research and unofficial transcript via the Wellington Careers page by Monday, November 5th at 9:00am EDT. Late applicants will not be considered. Application Requirements for details. Please note that it is required that all documents submitted be in pdf format. 
       
1ST ROUND REQUIREMENTS 
Please submit your application with supporting documents outlined below.
    
1. Statement of Interest
Your statement of interest should address the following topics (1 page limit):
•    Why do you want to pursue a career as an investor and how did you arrive at this decision?
•    What traits do you believe are essential to being a successful investor?
•    What aspect of your background best illustrates your ability to become an investor?
•    Please tell us something about yourself that is not on your resume.

2. Current Resume

3. Sample piece of research (4 pages maximum inclusive of any supporting charts or models)
The purpose of this document is to clearly articulate the rationale for investing in a selected market, security, or theme that you think would add value for our clients. Please submit a credit research, equity research or macro idea. Incorporated into your discussion you should include:
•    Brief description of the investment opportunity and how you arrived at it 
•    Articulation of the investment thesis (key drivers, valuation, buy/sell recommendation)
•    Supporting data, charts or models

4. Unofficial Transcript 

Applications will not be reviewed until after the application deadline, and first rounds will take place in early to early November. 

2ND ROUND PROCESS 
Second rounds consist of interviews and a round table investment pitch with senior investors and investment business leaders and will take place in late November in our Boston, Massachusetts office.
    
    
Wellington Management Company, LLP is committed to providing equal employment opportunities for all qualified persons without regard to race, color, sex, sexual orientation, age, religion, nationality, ancestry, handicap, or veteran status.   
 

JOB TITLE
Launch Research Associate Program

JOB FAMILY
Investment Management (IM)

LOCATION
280 Congress

As an equal opportunity employer, Wellington Management considers all qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law. If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at Wellington@icareerhelp.com .