Advice for Incoming Intern @ SM HF?

Hey Everyone,

I'll be starting at a SM HF this summer and I want to know what advice you all may have for me in terms of what I can be doing now to better prepare myself and stand out (in a positive way). Would love to hear from analysts all the way to HF veterans in the space. 

Thank you for your time! 

3 Comments
 
Most Helpful

Congrats on the internship, great opportunity that is ultimately what you make of it. Worked at large SM last summer and had an amazing experience. Couple of things I would recommend:


- ask a lot of (intelligent) questions. Ppl are generally willing to talk if they’re not getting crushed so would encourage you to be curious, just never ask anything you could find online.
- try to be competent in modeling/your coverage before you start. Assuming you aren’t nepo you prob have some experience from clubs/prior internships, but try to prep as much as possible. My experience was ppl assume you know very little until you prove them wrong, then you incrementally gain responsibility. Double/triple check your work, small mistakes matter

-having a good mentor is extremely important, and will probably make or break your experience. Not a ton you can do here but try to coffee chat ppl in the firm or if you have a formal mentor try to build a good relationship

-try to read memos and get familiar with the firm’s portfolio beyond what you are working on (interns usually have one narrowly defined project for the summer. 

Hope this helps and good luck!

 

Facere id voluptas vel error quam recusandae repellat dicta. Ipsam aliquid eum non voluptatem. Repudiandae dolorum consequuntur ipsum et cum tempore pariatur accusantium. Unde optio est illum veritatis possimus. Commodi eaque qui est saepe officiis corporis.

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

Career Advancement Opportunities

August 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.0%
  • Citadel Investment Group 97.0%
  • AQR Capital Management 96.0%
  • Magnetar Capital 95.0%

Overall Employee Satisfaction

August 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.0%
  • Citadel Investment Group 96.0%
  • Two Sigma Investments 94.9%

Professional Growth Opportunities

August 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.0%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.1%
  • Magnetar Capital 95.1%

Total Avg Compensation

August 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (11) $372
  • NA (9) $320
  • Engineer/Quant (83) $287
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (76) $193
  • Analysts (234) $178
  • Intern/Summer Associate (29) $145
  • Junior Trader (5) $102
  • Intern/Summer Analyst (276) $95
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

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...”