Ideal bank to exit from associate position to HF or PE?

Wise WSO, I'd really appreciate your help on this!

I haven't worked in finance before, but I'm fortunate to say that I've been lucky with good credentials and a relevant background that would make me an appealing HF and PE candidate (I just finished grad school, and was considering academia in math/econ). But first, most of my HF/PE friends suggest that I work at a bank for a year or two to build experience with modeling and valuation before going for HF/PE, given my nontraditional path. I don't care about prestige since I'm not applying to B-school, I'd just like to learn a bit as an associate and then jump to HF or PE. What banks would be ideal for this? I've heard suggestions to look at MM boutiques so I could get a broader experience rather than being a spreadsheet jockey and working insane hours at goldman or Citi, but how much do I lose out on my exit opps by sacrificing name? Any thoughts much appreciated!!

 

Good luck with this man! You can also try to go directly into a HF/PE as they often have very extensive training programs are are looking for just, in general, intelligent, bright people with an interest in finance.

 

Vel sapiente aliquid eos nesciunt est in sunt minus. Quas officia libero animi esse. Harum rem et sed dolor asperiores facilis.

Career Advancement Opportunities

June 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

June 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

June 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

June 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (25) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (227) $179
  • Intern/Summer Associate (23) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (252) $89
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
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
kanon's picture
kanon
98.9
9
DrApeman's picture
DrApeman
98.8
10
numi's picture
numi
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...”