Going back to banking from L/S

Left a BB last year for a SM after 3.5 years in IB. Going into my 2nd year at a SM and the pay is slightly less than what I made at a BB ($400k at a SM). My experience at the SM has been fine but I want to be back in NY. I can maybe go back to my BB and have a path upwards. The downfall is that I might need to be an associate again in a BB vs. I have much more autonomy at the SM. Upside is I can see a career path in IB and being a good MD vs. IDK if I ever be good enough to be a PM. Not sure if I should just quit L/S now and go back to IB since it is safer. 

 

Smart move (both from a $ and stability point) in all honesty. Congrats on making the decision to switch before its too late

 

Exercitationem tempore id sed officia aliquam omnis architecto. Vel in nostrum quibusdam aut optio eos tempora. Blanditiis neque amet omnis fugit.

Est rem earum sed corrupti omnis ipsa. Minus quas facilis iste facilis blanditiis. Aut dolor vitae ducimus aperiam culpa. Dicta quod minus harum fugiat tenetur quia minus.

Career Advancement Opportunities

May 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Citadel Investment Group 96.8%
  • Magnetar Capital 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

May 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

May 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Magnetar Capital 95.8%
  • Citadel Investment Group 94.8%

Total Avg Compensation

May 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (23) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (251) $85
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”