Has the Volcker Rule significantly hurt S&T analysts who want to become discretionary traders at hedge funds?

Now I know that these days a lot of trading in S&T is market making and client execution. However, we all know to make the big bucks in trading you need to have big capital and develop scalable strategies for that capital. From my understanding, with the proprietary trading significantly hindered via the Volcker Rule it's hard for analysts to get this kind of experience at banks before making the transition to hedge funds. So is S&T no longer the best rout to becoming a buy side discretionary trader? If not, what is?

 

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