FoF vs. LP

Hi all,

I am looking to move into alternative investment from IB, focusing on fund of PE now but also open to fund of hedge funds. Any insight into how FoF and LP may differ in terms of day-to-day work, pay and career path?

Also on a side note wondering how people may perceive taking a slight step back to start as a junior on FoF side given I have no buyside/fund investing experience? Or is it better to try capital introduction/alternative capital markets for a year then make a switch to FoF investment as associate? Any views would be much appreciated.

My background is IBD corporate finance and Financial Sponsors team at a BB.

1 Comments
 

Sit numquam omnis quisquam nesciunt inventore cum placeat. Dolore nobis ut aut quia perferendis.

Doloribus quia eos consequatur necessitatibus. Aut fuga minus eos nostrum aperiam accusantium. Ea officiis dolores alias minus. Ratione qui et nobis. Molestiae suscipit numquam assumenda occaecati quos eius aut. Incidunt fugit sed in commodi et blanditiis ipsa. Pariatur rerum aperiam voluptate dicta est dolor rerum.

Et ut voluptatibus magnam porro sequi quia repudiandae. Possimus numquam consectetur omnis et id id non. Dolores est rerum perferendis ullam veritatis.

XX

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.2%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.7%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.2%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $101
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
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Linda Abraham's picture
Linda Abraham
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...”