Optimizing the HF Career Path

I recently read an old interview transcript with Lee Ainslie from Maverick. One thing he said struck me: he said he took an enormous risk jumping ship so early in his career to start a fund. He said he wishes he would have learned more as an analyst to make completely sure he could kill it as a manager--you only get one shot.

As I consider my own career, I wonder if the same applies to joining a HF as a junior employee. At most funds, you get 1-2 years of grace period before you start getting judged on P&L. I've always thought banking for 6 months and then straight to HF was the ideal to get more touches actually investing, but now I wonder if it's smarter to learn as much as possible before stepping foot at a HF to be prepared as possible. So maybe do a full 2-3 years in banking then a few more years in PE.

I know there's lots of sharp experienced guys on here, any insights or sage advice?

 
Most Helpful

Reprehenderit ullam non unde. Eos maxime accusantium numquam.

Eius esse ducimus quo odit eum dicta hic. Placeat et quia quidem sint numquam tempora illum.

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...”