In 1924 MFS Investment Management established the first mutual fund in the United States. Today, MFS offers a wide range of products and services to investors, including more than 70 mutual funds, fixed and variable annuities, separately managed accounts, and retirement plans to retail customers, institutional investors, and insurance offerings.
At MFS we hire talented individuals and allow them to work in an environment that fosters teamwork. We strive to make MFS a company where our employees can grow and succeed. While MFS provides a supportive work environment, we maintain high standards of accountability to ensure that employees meet our standards of excellence. We value intelligence and hard work. We value the perspective you bring. We will reward you for your good ideas, your work ethic, and your experience. We believe that our unique culture directly benefits our business.
Equity Research Analyst Summer Intern
As a member of our US equity research department, you will be solely responsible for fundamental research on one particular industry with the objective of developing specific company and stock recommendations for the portfolios managed by MFS. A summer analyst is expected to work independently in the structuring, development and communications of investment recommendations. Our analysts draw upon a wide variety of information sources such as company literature, business publications and Wall Street research. The emphasis; however, is on original industry and company research including attendance at conferences and field trips to company facilities and interviews with corporate management at all levels. Analysts are expected to perform as the “in-house” expert on their particular area(s) of concentration.
A summer analyst is given responsibility for one industry (usually 4 -5 companies). Industry assignments are based on the needs of the firm. There is a short, 3 day, training program at the start of the internship to reinforce some of the basic skills necessary to do the job. Following that you will work with a senior analyst who provides guidance and assistance in the development of analytical and valuation techniques. The goal of this relationship is to enable the investment intern to effectively generate and communicate investment recommendations. The internship is generally 10 weeks in duration (June – August).
In the long-term, the MFS analyst path has a great deal of flexibility in career options. Analysts with a good track record and solid performance have three career options available:
-a long-term analyst that moves across various sectors
-a dedicated sector analyst, managing a sector and sector money
-become a diversified fund manager