Quant FI vs macro-driven FI Difference

I just entered a fundamental FI fund as a quant analyst as I graduated with math finance background. I’m a bit unsure of my career progression. May I ask several questions here:

  1. For fundamental credit, they can hire new analyst to cover more book. But in the rates team, I observed it’s the head PM who is speaking macro view and makes decisions on trsding government bond. How can other members under the rates team expand the role? Like the PM doesn’t need others to tell him the macro view right? especially for me as a quant in a fundamental shop?
  2. Can anyone share the insight of macro quant or quant rates? What kinda model are u working on, and wut u think of the future of macro quant vs macro fundamental rates investing?
  3. How are people doing with quant credit today? What kinda strategy is used in ur firm/hedge fund?

In short, I am trying to see as a quant, what’s my future in the fixed income/rates investing industry. Shall I keep staying in fundamental FI, or shall I explore building more quant bond skills. Thanks very much!

 

Accusamus voluptatibus quas nisi eum quia ex provident. Sit maxime sint quis mollitia quo. Voluptatibus dolorum consequuntur pariatur similique qui.

Ducimus repudiandae fugit omnis qui explicabo. Enim dolores velit et. Sequi accusantium dolorem tempora aut.

Ut error non aut vitae qui voluptas omnis. Molestias commodi impedit eos ea. Incidunt accusamus voluptates deleniti temporibus delectus. Est tempora dolore blanditiis quo. Earum voluptate nobis fuga ad est velit aut officia.

Iusto molestiae aut nostrum recusandae vero eum praesentium. Quasi voluptatum qui exercitationem est rerum. Optio consectetur officiis ut asperiores laboriosam sint sequi.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

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 (250) $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
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
kanon's picture
kanon
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
bolo up's picture
bolo up
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...”