Hi there,
I did a banking internship, hated it, and went into big tech. 5 years in Product & Data later at a FAANG, I moved to a PE/VC leading Tech & AI efforts. WLB is decent, comp is good (250-280 all-in) and I really like my coworkers and job.
A headhunter reached out from one of the top HFs (think Citadel, JS, Point72) for a PM role (or to lead a Data team). The traders I know at HFs seem mega stressed - as bad as the MF PE associates, and it seems like a very hostile environment.Conceptually there's a lot to like - internal tools & systems are underwhelming, you work with smart people and comp can be excellent.
I don't mind working hard (I left big tech for a reason), but I don't like aggressive workplaces. Does anyone have insight on what these product roles are like?
1) JS is not a hedge fund
2) Stress from MFPE and HF come from different things. MFPE is hours/no weekends, HF its job security. If you're joining as a risk taker (i.e PM or analyst) then this applies to you, if you're joining an internal role like the internal data team it might not apply to you.
3) Culture will be what you make of it at the hedge funds. Teams can be pretty siloed on the investing side, but ime the teams that work directly for the firm, rather than a PM (market intelligence, bizdev etc) can have better culture.
Also one of the funds you mentioned is pushing their data teams to be more internally entrepreneurial from what I hear so they can monetise their work directly. Not sure how this affects (or the veracity of the statement either)
Thanks for correcting me - JS indeed doesn't take outside money (which adds to their credit).
Thanks for the insights on points 2 & 3. I heard that JS & Citadel have very, very low employee churn especially on internal roles. Do you have any insights how come?
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