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Is this for US or EM? From what I know and heard, on the EM side they have better drawdown and more upward mobility. Which is probably why you can see a lot of young PMs in their EM offices. So in my opinion, you would probably get a seat at the risk table sooner if you choose ExP especially in EM.

But, you have to remember that ExP is primarily a macro fund. Of course their fundamental equities team is poor, because that is not where their best talent is concentrated. I would say, if you want to do equities long term, Big 4 certainly has better talent there, where you can learn and grow as an analyst. Even if you a become a PM fast, a PM who doesn't post numbers would just be a burden to these firms anyways.

Final verdict would be, Big 4, especially P72 & Citadel as in their case the fundamentals team is their bread and butter. If you want to do FI & Macro in the long run, then ExP is a better choice, the grass isn't as green but the cows are really smart.

 

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