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Type of Role: Investments

Experience Level: Analyst/Associate

Location: Boston, Massachusetts

Salary: $125K - $195K

Fidelity is an American multinational financial services corporation based in Boston, Massachusetts. The company was established in 1946 and is one of the largest asset managers in the world with $4.3 trillion in assets under management, and, as of December 2022, their assets under administration amount to $10.3 trillion. Fidelity Investments operates a brokerage firm, manages a large family of mutual funds, provides fund distribution and investment advice, retirement services, index funds, wealth management, securities execution and clearance, asset custody, and life insurance. Details below.

Job Description:


The Investment Associate will join the Natural Resources private equity platform team. This multi-billion dollar platform actively invests in the traditional and renewable energy, aggregates, timber, and agriculture industries via direct real assets investments and equity positions. The team is expanding and is seeking additional resources to support the investment and oversight of the growing portfolio.

We are hiring an associate who is an analytical and strategic thinker, as well as a motivated learner comfortable with high autonomy on a lean and collaborative investment team.

Expertise and Skills you Bring

  • Build financial models for prospective investments, run sensitivity analyses around multiple scenarios, and manage investment underwriting process
  • Partner with investment team to source new investment opportunities and conduct due diligence for potential investments; manage and prioritize transaction pipeline
  • Draft investment presentations and memos and participate in investment approval process
  • Maintain internal financial model and projections for portfolio investments, analyze operating performance against expectations and provide updates to the investment team
  • Drive evaluation of prospective add-on acquisition targets and complete add-on transactions
  • Collaborate with colleagues internally in accounting, financial reporting, treasury, legal, risk, compliance, human resources, and marketing on various management / oversight activities
  • Prepare presentations to update stakeholders on portfolio activity and key developments
  • Monitor market developments, peer/competitor activity, and industry news
  • Conduct industry research and analysis and present findings to inform natural resources platform strategy
  • Support business development efforts to identify and cultivate relationships with leading operating companies, management teams, and investors
  • 2-4 years of experience in investment management, M&A, or strategic finance (private equity, investment banking, corporate development/strategy, etc.)
  • Strong analytical and quantitative skills, with proven ability to think strategically
  • Exceptional modeling capabilities and experience drafting formal presentations (proficiency in Excel, PowerPoint, etc.)
  • Resourceful, collaborative, confident, and comfortable with ambiguity
  • Excellent oral and written communication skills
  • Familiarity with energy, timber, agriculture, aggregates, or other natural resources sectors is a plus; an interest in these sectors is required
  • BA/BS degree; MBA in lieu of years of experience
  • Desire to live and work in Boston
  • Willingness to travel 10-20% of time to attend board meetings, ad hoc management meetings, industry conferences, and other business development/sourcing opportunities.


Devonshire Investors is a private investment firm affiliated with FMR LLC, the parent company of Fidelity Investments. Headquartered in Boston, Devonshire manages investments on behalf of FMR and its shareholders in businesses outside of the financial services industry. Devonshire invests in directly-held real estate, venture capital and later-stage private equity. Devonshire actively participates in its direct investments, while leveraging expertise across a global platform in the United States, Europe and Asia. The portfolio targets the telecommunications, technology, natural resources, and life sciences industries. Devonshire has over $20 billion in assets under management.


Company Overview

Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients’ money.

Join Us

At Fidelity, you’ll find endless opportunities to build a meaningful career that positively impacts peoples’ lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees’ Choice Award, we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don’t need a finance background to succeed at Fidelity—we offer a range of opportunities for learning so you can build the career you’ve always imagined.

Fidelity’s working model blends the best of working offsite with maximizing time together in person to meet associate and business needs. Currently, most hybrid roles require associates to work onsite all business days of one assigned week per four-week period (beginning in September 2024, the requirement will be two full assigned weeks).

At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation, detailed in this document, and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.

We invite you to Find Your Fidelity at

Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.

Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to, or by calling 800-835-5099, prompt 2, option 3.