Funniest

I am not going to lie to you. Every single ER associate who I have heard trying to make it to a single manager mega hedge fund has failed. But where they have failed, you will succeed. Why? I have seen hedge funders seize ships owned by Argentina, and others acquire controlling stakes through a private loan-to-own or situation where they can buy up almost the entirety of the fulcrum. Yet their strength, intelligence and speed are still based in a world that is built on rules. Because of that they will not be as strong, smart or as fast as you. Good luck. 

 

IB probs places marginally better than ER for (SM) HF fam. But Peak Frameworks put up a survey on his instagram months ago that showed ER associates actually placed better than IB analysts for fundamental HF at one point. I forgot the time frame for that one. Go look up his instagram and search for it.

I'd also go for IB in your situation - opens more doors in general (namely PE and corpdev, those sort of 'process work' roles). You're still a soph so plans can change, life is fluid

 
Most Helpful

It depends many things.

  • Most on this platform want to go as elite as possible (and ironically those who make it to the very elite aren't on WSO). If you are dead set on elite SM HF (we need an acronym for this, "E-SM-HF?"), you need to do IB to maximize your chance of getting elite PE and then get looks. Slim chances but you are allowed the hope (just like how they created Hunger Games)
  • If you just want to get to the buy-side, working for a solid analyst (not necessarily measured by BB or not) can be as good as working at BB IB
  • Are you even dead set on public investing? If you aren't, going IB preserves your optionality to PE, corp dev, strategy, all of which are harder / impossible to get into via sell-side ER
  • Another immutable truth: there are always going to be more absolute numbers of buy-siders who came from banking than from equity research because every year hundreds of people go into banking and way less go into equity research

Hope this helps. 

 

I will be under a top II software analyst when I start at a BB and I'm certain I want to do public equities at a SM hedge fund afterward. Will this really be equal to doing a top IB group?

 

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