Hedge Fund College Recruitment

Hey guys,

I am a summer analyst at a top tier bulge bracket investment bank, and I go to a target school. I want to break into the hedge fund world sooner rather than later as I dislike investment banking, and I was wondering if you guys had any idea who recruits straight out of college (i.e. who has a program for undergraduates, not something you would have to get through connections)

Thanks

 
Best Response

Disclaimer: I'm a student as well, so take this all with a grain of salt.

As far as big funds go, no idea. However, smaller funds are a lot less cut and dry as to who they will recruit. If you can show them that you have the skillset necessary, then you might be able to pull a FT out of school offer. That means you'll have to know how to build models, you'll have to know the markets really well, and you'll have to show them that you're not just another monkey and can generate ideas (while being able to take shit from your PM for fucking up, because you won't be perfect and that will happen).

It's a numbers game, too. If you contact 1,000 hedge funds, you might only get responses from 5 (although I bet you'll do better than that). Conversely the first one you contact might miraculously give you a job. Also keep in mind that as you have no experience whatsoever, a smaller hedge fund will probably pay you below what you'd make on the street as a first year analyst. Upside of the buyside is you won't be getting your balls busted for 90 hours/week (hopefully).

As for larger HFs that recruit straight from undergrad, I can't speak to all of them, but it seems like the major ones are more IB-style sweatshops.

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 

Depends on how strong the reputation of your target school is. I've seen a couple of very good HFs that came onto campus to recruit, but the majority of the positions were things that you would have to go out and find for yourself. HFs aren't really looking to hire except for exceptional candidates @ the undergrad level.

The 90+ hours is definitely the exception, from my friends that took those positions, and not the rule.

Life, liberty, and the happiness of pursuit.
 

In order to get a good HF you need to be a top student (3.8+) with very good internships. You also need contacts as most decent HF recruit from Harvard or Wharton undergrad.

Depends, but you could start out as an assistant researcher or maybe a trading assistant (but I think researcher is more common).

 

Yes, I did it. I went to a non-target. I'm at work right now, but I'll give you my full background in a private message or an email. If you don't hear from me by tomorrow, send me a message as a reminder.

 

foreword: Takes place in Canada

I got lucky, I got a "summer internship" out of last year of undergrad, then basically just showed up earlier, left later and worked harder than the other interns and kept showing up after they left and eventually they offered me a full-time job (in december of last year).

Dont have the typical background either.... double degree in engineering and economics with background of summer jobs in finance

For what its worth... its possible in Canada.

************************************************************ Beware geeks bearing formulas
 
Ravenous:
We hire undergrads out of the Cal schools but I don't recall any of them ever doing well. Firm has an 80% attrition rate in the first year for analysts (just win baby) and most undergrads get completely blown out. It's possible though and I'm sure some other funds hire out of undergrad as well.

Do you know why they don't do well?

Value -- I'll send you a PM once I get ten banana points (LOL).

Everyone else -- Thanks for the responses.

 
Goldman Stanley:
Hey guys, I was wondering if I could get some advice.

I'm on my gap year right now currently doing a boutique AM internship and heading to a top target school in the fall. I know the typical route is IB -> PE/HF but I really want to bypass that completely and go straight to HF after graduation. My plan right now is to leverage my current AM internship to get a more legit PWM internship freshman year, IB internship sophomore and junior year, and try recruiting for HF senior year.

Obviously this is a long shot for me -- but has anyone been able to do this who HASN'T come out of Wharton or ISN'T a Rhodes Scholar (you know how I'm talking about). And seriously, am I reaching too high? And has anyone been able to do this who could give me some tips?

P.S. I'm bored at work so I'm trying to kill some time...

If you can manage that internship track (at respected establishments) it's possible. The higher you aim, the harder it gets, but a smaller-sized HF would probably accept you if you have great grades and good networking/recommendations.

 

Because business schools don't really teach anything valuable? It's a pretty dynamic environment here without any hand holding. My personal opinion is that while a few years in sell side ER or investment banking is relatively "worthless" in the absolute sense (how valuable is formatting pitch books in IB?), people in those roles pick up some level of self sufficiency and maturity. I'm not saying it's a fantastic use of time, but it makes it easier to transition to a role with more responsibility vs. someone right out of undergrad. It also provides a little real world perspective on how investing / finance basics actually work in real life.

 

I'm guessing you're talking about Berkeley-Haas? If so, I agree -- talked to some grads who said it was kind of a waste of time, though easy to get good GPA.

So I guess one way to counter that lack of maturity is an extra SA IBD stint?

 

We've hired out of Berkeley, Stanford, Caltech and some of the 2nd and 3rd tier schools. The only one who didn't suck was a kid out of Cal Poly San Luis Obispo but that was before I was here. Not all of those have undergrad business schools and we've hired non-business people that didn't work out either.

Best profile IMO is 2-4 years out of undergrad, no MBA, possibly CFA, decent experience doing something business related, very hungry (that's why we typically hire smart non-target kids). It helps if they already know a lot about value investing based on self study.

 
Ravenous:
We've hired out of Berkeley, Stanford, Caltech and some of the 2nd and 3rd tier schools. The only one who didn't suck was a kid out of Cal Poly San Luis Obispo but that was before I was here. Not all of those have undergrad business schools and we've hired non-business people that didn't work out either.

Best profile IMO is 2-4 years out of undergrad, no MBA, possibly CFA, decent experience doing something business related, very hungry (that's why we typically hire smart non-target kids). It helps if they already know a lot about value investing based on self study.

Interesting. Ravenous are you in the bay?

 

You sound mature and well-informed for your age, but best advice for someone just entering college is to focus on things other than career for the first few years. By all means indulge your interest in investing and recruit when the time comes, but definitely try to explore other career possibilities and avocations. Your recruiting odds (and in my opinion, investing acumen) will quite frankly be stronger if you've developed a broader perspective. Plus, you'll make more friends if you're not overly career-oriented from day one - you've got the rest of your life for that.

 
tempaccount:
You sound mature and well-informed for your age, but best advice for someone just entering college is to focus on things other than career for the first few years. By all means indulge your interest in investing and recruit when the time comes, but definitely try to explore other career possibilities and avocations. Your recruiting odds (and in my opinion, investing acumen) will quite frankly be stronger if you've developed a broader perspective. Plus, you'll make more friends if you're not overly career-oriented from day one - you've got the rest of your life for that.

Yes sir, I know college isn't just about career. I just think it's nice to have a set of well-established goals, a "plan" if you will, and let things fall as they may. But no, career isn't everything, and I totally understand that sentiment. Thanks for your input.

 

Yes it is possible. Not as common, but possible. I have seen more people make the start with places like Fidelity out of Harvard and frankly I think those kids do better in the long run given a more structured program. I agree with Ravenous, a lot of those kids that start out at a HF burn out quickly, mostly due to lack of direction. Try to enter one that has a more structured program.

 

Definitely possible at a smaller/unknown HF but why would you do it? Only way I would do HF straight out of undergrad is if it was comparable to a place I would end up after 6-10 months of banking. As stated before, Bridgewater, GS SSG/GSIP hire out of undergrad which I would definitely take over IB. Citadel also hires undergrads. Otherwise, why not just suck it up at GS/MS for a few months then jump to a Baupost/Eton Park?

 

Depends is the key word here. Most HF's are so small that you pretty much need to know someone to break in, and the school you go to is less relevant for a lot of what you might call "middle markets" who don't formally recruit except for obviously factoring there being more harvard/wharton alum out there working in them. I go to a non target and was told that school background isn't a big deal by 1 HF - and they had lots of ivy grads too. CMU (whether it's carnegie or central mich lol) won't hurt you as it might for BB ER/alternative investments or other similar type jobs, but as everyone has stated - you need to work hard at learning more about the industry itself, investing and then network and hit the pavement to actually get the job.

 

Just to clear it up it's Carnegie Mellon haha. Ok. If most people who go into IB want to jump to an HF after 2 years, then it makes sense just to go straight to one, no? Also, what are the position progression at an HF (Like for IB it's analyst, associate etc.)?

 

I agree with you that you should try to go HF right away instead of doin IB if possible. Buy like it is mentioned above, most shops are small and don't have recruiting programs that are formal in recruiting undergrads. This is why people do IB, with OCR and people in undergrad are still relatively connected to those recent graduates who were top in their classes to go to IB.

Fear is the greatest motivator. Motivation is what it takes to find profit.
 
shark-monkey:
I agree with you that you should try to go HF right away instead of doin IB if possible. Buy like it is mentioned above, most shops are small and don't have recruiting programs that are formal in recruiting undergrads. This is why people do IB, with OCR and people in undergrad are still relatively connected to those recent graduates who were top in their classes to go to IB.

If you skip IB/sell side and go straight into a HF - don't you limit your options for the down road? (MBA or a bigger/better HF)

 

I would work through alumni from your school that are working at hedge funds. I'm sure if you go to an ivey there are alumni working at well known hedge funds. If you had a good trading internship they may be interested.

As far as not getting an offer, just explain what you posted on this forum, that there wasn't space. Maybe you could get a letter of recommendation from your previous employer.

www.sharpeinvesting.com

 

The quant hedge funds such as citadel, de shaw, two sigma, aqr, do hire undergrads. The fundamental research ones require relevant experience in BB, PE, HF. Oh, bridgewater also hires undergrads for its investment associate role.

 
mbavsmfin:
The quant hedge funds such as citadel, de shaw, two sigma, aqr, do hire undergrads. The fundamental research ones require relevant experience in BB, PE, HF. Oh, bridgewater also hires undergrads for its investment associate role.
you're not going to get a role at a quant fund if you aren't a hard science major (math, computer science, physics, etc) and usually knowledge of a couple programming languages is also necessary.
 

I interviewed with two start-up hedge funds (one volatility trading, the other, value investing), both landed through cold-calling, with a non-target humanities major, and I was interviewing from a different country.

Ask yourself the following questions:

1) Do I want to trade or invest?

2) How long can I talk about the markets fluently?

3) Do I have any ideas that can make money? Do I have enough conviction in these ideas such that I am using my own money?

4) Do I have access to a database of recently launched hedge funds?

5) How much in common do I really have with these hedge fund managers?

It's definitely possible, but based on my experiences, and what other people on this board have written... it takes work.

 
zeroblued:

Silverpoint and DE Shaw are just 2. I'm from a non-target, stellar resume, really good internships, wasn't even considered for a phone screen.

preference goes to wharton, not even all ivys. they can be that picky. better to go the Headhunter route.

And you think headhunters are going to be less picky?
"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 
zeroblued:

Silverpoint and DE Shaw are just 2. I'm from a non-target, stellar resume, really good internships, wasn't even considered for a phone screen.

preference goes to wharton, not even all ivys. they can be that picky. better to go the Headhunter route.

Saying that those HFs dont even look at non targets because you didnt get an interview is wrong (and also makes you look quite arrogant).

 

It's easier to land a HF position after working as an IB analyst for 2 years than coming straight from undergrad since you have skills that most firm's require (e.g. modeling, accounting), but recruiting is much more ad hoc than PE. If you network and show a true passion for the markets and the ability to articulate a thesis then you could break in without going into a 2 year program first. This is probably more accurate for smaller firms that don't have formal recruiting classes (at least it has been in my experiences).

 

Sankaty Silver Point Bridgewater Citadel

Don't listen to anyone giving you bs about not being able to get an interview. I have gotten an interview from all of these funds from a non-target school either for the SA program or the FT program (Silver Point just started the process for FT and Sankaty is figuring it out in the next few days I am aware dont worry). You just have to grind, intern in the industry every semester while you are at school, have fantastic sophomore and junior year internships (GS at a top group certainly helps), get the offer after junior yr summer, and shop it as fast as possible. These shops are absolutely selective, and it can be more straightforward to get in after 2 years at a bank.

I will probably end up signing with GS given my school's exploding date offer, but good luck.

 

OP, have you done any research regarding type of fund you'd like to join?

There are pretty much no single manager traditional L/S funds that hire out of undergrad on a structured basis. The firms listed above will have vastly different investing styles and working experiences. If you're just trying to interview at any firm that looks at undergrads, I'd suggest you go the banking route and take some time to actually figure out what kinds of funds you are interested in.

 

The easiest way to get an FT analyst position at an HF right out of undergrad is through an internship at the HF -- it's how I got my FT HF analyst position out of undergrad. Expectations/responsibilities are lower for interns, so you can typically do some good work, but you need to be lucky enough to 1) get a front office role, 2) have a manager with hiring power and 3) firm and dept PnL are not suffering. Overall it's a risky bet if you aim for this during your junior summer as you'd be giving up the safer IBD route.

 

I actually helped out with recruiting for my group at a large hedge fund summer. PMs request banking resumes SOLELY because they can't find talent anywhere else. Even then, they feel like bankers bullshit way too much, just marginally less than consultants.

On the whole, HFs are more and more open to hiring kids out of college. Of the list of top 10 HFs, probably 5 of them hire straight out. If they hire at all.

Pennies from JcPenny
 
jcpenny:

I actually helped out with recruiting for my group at a large hedge fund summer. PMs request banking resumes SOLELY because they can't find talent anywhere else. Even then, they feel like bankers bullshit way too much, just marginally less than consultants.

On the whole, HFs are more and more open to hiring kids out of college. Of the list of top 10 HFs, probably 5 of them hire straight out. If they hire at all.

Can't find or don't want to look because there is a difference. They are probably looking in the wrong places.

 

I would say 1+ years is nearly necessary. You simply won't have the proper training under a year, and it might still be questionable after 2 years. Modelling skills, understanding the deals/job doesn't come quick and takes that amount of time.

 

My 2 cents. A larger fund will typically have an undergrad recruitment channel. Usually taking on kids with 1 or 2 summer internships @ at BB or elite boutique.

Outside of that, from what I've seen it's all ex-bankers, though 1 year of experience can work (one of the analysts above me @ a BB left after one year to join SAC back in 2011).

This is for long/shorts, events, and credit. I can't speak for macro or algo funds.

 

Plenty of analysts make the jump to HF's before their two year program is up.

Hell, if my class was any example, I'd say the majority of those who truly wanted to do HF (real passion for the markets, people who wouldn't even consider doing KKR vs. a Farallon) actually all left before the two years, with a good chunk leaving before their one year anniversary at the firm. HF's really only use banking resumes, as it provides a reliable source of talent, and its too time consuming for funds (and recruiters for that matter) to do broader search processes.

So long way of saying, by no means is 2 years of IBD a prerequisite to land a gid, but its damn near impossible to say that having GS/MS on your resume doesn't boost your shot of getting a spot at a HF by leaps and bounds.

 

In a somewhat related note - I just started my IBD gig (after two years of middle office work) and I'm in a modeling-oriented sponsors group at a BB. I'm starting to think I can't possibly do 2 full years here BC I feel behind the game already.. I would prefer working at a HF, but obviously makes more sense to do PE next - would it be possible to jump to a solid MM shop after only a year here? If so, how do I go about it? Thanks in advance.

 

I know a guy who went to Citadel straight out of UG...but he also had some great internships. If you can at least have that under your belt, you obviously have a better chance.

Basically - does it help? Sure. Is it absolutely required? No. But you better be damn good if you don't have it.

"When you stop striving for perfection, you might as well be dead."
 

If you're interested in fundamental investing [as opposed to quant] there are very few opportunities out of undergrad at large, well-regarded funds. Silver Point is as far as I know probably the best fund with an established, formal program for hiring interns & FT. Outside of this there are a few others, such as Sankaty, but personally I've heard quite bad things about the experience there.

The advice I have gotten is to avoid these opportunities if you can land a position at a bank/group with excellent HF recruiting. Granted, there are only a handful of groups that fall into that category. But if you can land such a position, you will have a much wider range of opportunities when post-banking recruiting rolls around. It's kind of a supply/demand thing; the supply of HF opportunities out of undergrad is very low, so you are more likely to have to compromise where you end up [i.e. go to a place like SP even if you aren't sure you want to be a distressed investor] just to land a position. If you go IBD and wait two years, it's more likely you will end up somewhere that's a "fit."

 

Well another reason is the fact that PE recruiting is extremely structured and fast. You get multiple offers early on in your first year as a banker at BBs/elites and almost all of these PE offers are exploding. You also get these offers very quickly as the turnaround for the 2-3 rounds is extremely fast due to the fact that all the PE firms are tripping over themselves to get the best analysts.

HF interviews on the other hand, come up as spots open 1 by 1 and there can be 4-8 rounds over a span of months. This doesn't usually fit with the usual timeline for temporary 2 year positions. It's the same reason some of my MBA buddies are finding it easier to get PE internships than HF internships.

But the main point is yes, there are obviously fewer HF seats so it's more likely to get one of the dozens of PE interviews most bankers get with 2-4 analyst spots than the handful of single spot HF interviews.

 

How do you know if you like/dislike IB? You're 18. I don't care if you read WSJ every day, have been investing your bar mitzvah money for 5 years and made a 345% return, or if your dad's an MD at Goldman, you don't know anything about anything at this point (I'm saying this in a nice way).

All 3 are great schools with pros and cons. Yes, if you do well at any of those you can get a good finance job. Hedge fund recruiting at the UG level is rare to my knowledge, but not impossible/unheard of. I'd venture a guess and say some of the quant-y HFs hire out of UG, so if you're in engineering/comp sci at Stanford or Columbia you'll be best-positioned. Otherwise, very tough, and you may have to tough it out in IB for 2 years like the rest of us.

 

yeah, I know I know nothing about IB but when I said that I liked it, I meant that I have a reason why I want to do it, other than money. I've heard alot on this site that when a deal you've been working on gets done, its feels as good as fucking a model. Also, I'm not jewish.

 

I would say if you want finance, go to Columbia because you can do an internship while in school. the location of this school gives you a tremendous advantage relative to Stanford or Dartmouth, assuming your ultimate goal is to end up in finance. The location can also give you a huge advantage when it comes to summer or full time recruiting. I am speaking from experience where, hf's and bb's were a subway stop away for me while at school

 

Stanford is the obvious choice here. It's a superior school in every way, and the location and campus is sick. Of course columbia's location does make finance recruiting easier in the sense that firms will visit more often, and you can easily schedule networking events and interviews. However, if you do well at Stanford, especially in a quantitative major, there will be no finance opportunities that a Columbia student will have, which also won't be available to you.

 

There aren't many places better to come from than Stanford. Harvard is one, Princeton is arguably another. Take Stanford.

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 

Thanks guys. Do you guys know if Yale is a target? Better than Stanford? Im just weighing my options and trying to see what will be the best fit. The only reason why I'm A BIT hesitant to pick Stanford as a no brainer is because of location. My family is in NYC and are all expecting me to pick Columbia as they've never heard of Stanford(im the 1st to go to college) and are only aware of the great reps of Harvard and Columbia. They want me to stay close to home.

 

Stanford.

1) Better weather--need I say more? 2) Better reputation--of those three, Stanford is the only school spoken of in the same breath as Harvard/Yale/Princeotn/Oxbridge 3) Better academics in just about everything

Columbia will give you the opportunity to work for more opportunities. Stanford will give you the opportunity to have opportunities handed to you.

 

You also have to be sure you like the school. If you don't like the place, that's the only reason I'd tell you not to go there. Other than that, wtf are you waiting for? SlyGuy hit it dead on with #2.

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 

I was choosing between Dartmouth, Stanford, and a few other at this time last year. By my username, you can tell which one I picked.

I think if you're going to major in something really quantitative like math or CS and have an interest in going into prop trading, Stanford is your best bet. Dartmouth gets some prop trading attention - Jane Street and DRW - but Stanford gets all of them, including the likes of GETCO and Jump Trading.

If you're not quantitatively oriented, I'm not sure Stanford is necessarily better than Dartmouth or Columbia. I know DE Shaw, AQR, Millennium Management (only a few times - when they had openings), Sankaty, Bridgewater, etc. all recruit pretty regularly at Dartmouth. We also get Bain and BX PE, as well as some MM PE firms, on campus recruiting every year too.

It's a difficult decision, but I agree with the posters above who said that recruiting should not dictate your decision. Good luck.

 
Macro <span class=keyword_link><a href=/resources/skills/trading-investing/arbitrage target=_blank>Arbitrage</a></span>:
Soros Fund Management recruited a guy from Stern straight out of undergrad.

There is a current junior at stern who did an off-cycle internship with soros during his sophomore year. No idea how he pulled it off. Also, a yale undergrad who graduated in 2009 landed a job at Paulson straight out of school and is now an associate there. Again, I have no idea how he got that gig.

But aside from these anomalies, the hedge funds that recruit at top colleges are usually the quant funds like citadel, de shaw, AQR. Those don't require previous work experience in banking, trading, or research. They just want super bright kids who majored in a quant subject. The exception to this is bridgewater, which recruits plenty of liberal arts grads.

 

Cornell (LoL)?... aren't you still in high school and you're dogging on a school that you're not even sure you could get in?

I hope you end up going to THE Ohio State University

If your dreams don't scare you, then they are not big enough. "There are two types of people in this world: People who say they pee in the shower, and dirty fucking liars."-Louis C.K.
 

I'd love to go there. Great Football, girls, none of those rich snobs. Loosen up, I was Jking. I'd love to go to Cornell and study agriculture or learn how to run a hotel. I'm not one of those guys who view Cornell as a public school, I'd love to go there and respect everything the institution stands for.

Learn Programming, Lectures by Professor Mehran Sahami for the Stanford Computer Science Department http://www.youtube.com/watch?v=KkMDCCdjyW8
 

^ He goes to UMich so I can see why he said that. I think he's mad the sports at OSU are better.

Learn Programming, Lectures by Professor Mehran Sahami for the Stanford Computer Science Department http://www.youtube.com/watch?v=KkMDCCdjyW8
 
<span class=keyword_link><a href=/resources/skills/finance/buy-side>Buyside</a></span>:
^ He goes to UMich so I can see why he said that. I think he's mad the sports at OSU are better.

Hey!

We still got hockey...

If your dreams don't scare you, then they are not big enough. "There are two types of people in this world: People who say they pee in the shower, and dirty fucking liars."-Louis C.K.
 
blastoise:
lol i go to princeton don't ever affiliate me with non target ppl i mastered what they teach in pre-skool

lol. Can you chance me for HYPSMW+ Duke, Williams and UT? Serious question, what are the eating clubs and how exclusive is it? I know that may sound dumb but I'm unsure.

Learn Programming, Lectures by Professor Mehran Sahami for the Stanford Computer Science Department http://www.youtube.com/watch?v=KkMDCCdjyW8
 

:( Cuny students these days...

Learn Programming, Lectures by Professor Mehran Sahami for the Stanford Computer Science Department http://www.youtube.com/watch?v=KkMDCCdjyW8
 

Minima debitis architecto corporis. Alias totam dolorum nisi reprehenderit incidunt debitis expedita aliquam. Ut exercitationem id at ipsa et. Repellat soluta consequatur dicta aspernatur veritatis.

Praesentium neque quam est voluptates. Recusandae iusto tempora possimus dolorem fugiat commodi labore. Et quod voluptatum cupiditate natus ipsum ullam nesciunt. Consequatur doloribus eos recusandae minus non ducimus est iusto. Sint iste magni nostrum praesentium.

 

Vel quasi qui illo sit voluptatem. Ratione non qui dicta quasi doloribus. Nihil et labore ad dolor rerum optio. Rerum dolores minus pariatur accusantium consectetur aut. Aut consequatur natus culpa alias est et ullam. Autem voluptas tenetur aperiam aut quas aspernatur. Aliquid nisi deleniti voluptatem nesciunt numquam.

Dolorem voluptas facere magni. Amet ipsum modi nihil dignissimos at facere nulla. Nostrum animi est quia velit amet dolorum. Consectetur et incidunt nam aut odio qui. Totam laborum velit voluptatem repudiandae blanditiis. Dolores quibusdam sapiente cumque deserunt cum necessitatibus nam. Laudantium possimus mollitia ducimus.

Commodi necessitatibus tempore cumque cumque. Et harum accusantium fuga. Error sint omnis et vel possimus. Optio vero est in cum ut deleniti.

There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.
 

Sed culpa explicabo suscipit incidunt natus. Alias harum qui aut quibusdam et similique. Laborum repudiandae sed est recusandae alias aspernatur esse dolor.

Aut enim aut labore numquam ducimus. Sunt eos aut officiis officiis.

Quibusdam aut rerum a aspernatur magnam consequuntur. Pariatur aut eum ea dolore et ad veniam. Dicta ea qui harum doloribus vero.

Veritatis quo tenetur et exercitationem pariatur qui. Animi quasi neque est voluptate ipsa distinctio.

 

Qui hic possimus officia consectetur dolorem at molestias. Aut consequatur repudiandae aut omnis quo dicta quis. Eum cum error quo ea. Natus et non iusto et. Quasi in tempora totam provident nihil modi est qui.

Id recusandae qui est rerum doloribus. In voluptates illum accusamus sit. Dignissimos beatae vero consequatur. Quos vel perferendis et quam non cumque et.

Career Advancement Opportunities

March 2024 Hedge Fund

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

Overall Employee Satisfaction

March 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

March 2024 Hedge Fund

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

Total Avg Compensation

March 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 (22) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (249) $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
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
kanon's picture
kanon
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
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...”