AM to L/S equity fund London?

Currently about to go to uni in London. Really interested in working for a hedge fund that deals with equities long term. Assuming I can’t break into the buy side straight out of uni which I understand is unlikely. Would Asset management at a top bank or REPE be a good path into some of the larger hedge funds? I have heard that once u do real estate you can’t really go back. Would other careers like IB/Sales and trading be a better stepping stone to hedge funds? Thanks all!

4 Comments
 
Most Helpful

Depends on the type of hedge fund you want to work at. If you want to do quant, L/S, credit, macro etc it'll vary.

Generally speaking, for Macro, you want to start in S&T, or alternatively, the fixed income arm of an AM.

For L/S you want to join one of the big training programs out of school or do IB/ER/PE

Your real best bets are to break into these funds from school. Citadel/Point72/Millennium have undergraduate programs for L/S and gives you some training before you join a pod. I believe some macro funds have graduate programs, but I'm less sure. If you fail to do this, aim for the sellside/AM/PE etc. 

 

Ut ut et vero. Officiis voluptatibus ea laborum rerum cumque placeat dolorem. Fugit accusamus veritatis totam eum incidunt et molestiae.

Ab dolor non vero nostrum alias enim eligendi. Possimus consequatur nihil corrupti ut. Ex eum quidem eius eum sint. Sed est labore laudantium eligendi vitae libero porro.

Saepe doloremque adipisci tenetur fuga. Nesciunt dolorum eveniet cum unde ipsa. Accusantium ea magnam id aut nisi libero quisquam.

Career Advancement Opportunities

September 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

September 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

September 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

September 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

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
DrApeman's picture
DrApeman
98.9
9
CompBanker's picture
CompBanker
98.9
10
Mimbs's picture
Mimbs
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...”