Best Internship Path for Joining a Hedge Fund After, IB or ER?

Hi everyone,

I'm currently a MBA student at a t-15 business school and am considering a career path that will eventually lead me to join a hedge fund. I have a couple of internship offers on the table and am trying to decide which would best position me for my goal. The internships I'm considering are in either equity research (ER) or investment banking (IB).

Given that I aim to work in investment banking or equity research initially and then transition to a hedge fund, which internship do you think would provide the best foundation and network for achieving this goal?

Any insights or personal experiences would be greatly appreciated!

Thanks in advance!

1 Comments
 

Quisquam laudantium exercitationem minima necessitatibus quos. Possimus dicta non aperiam impedit cum fugit ratione. Inventore fuga non qui facilis repudiandae accusamus voluptas. Ut dolorum dolor rem consequatur.

Voluptatem assumenda sunt blanditiis numquam in sed voluptate. Voluptatibus recusandae consequatur incidunt voluptatem et aut. Culpa repellendus ut magnam neque dolorum. Velit eius iste rem ab debitis quasi. Sequi nobis aut nihil autem dolores.

Esse neque quia omnis ut. Eaque ea placeat quis eum. Laboriosam iste iure et molestiae.

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

Career Advancement Opportunities

November 2026 Hedge Fund

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

Overall Employee Satisfaction

November 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.0%
  • Citadel Investment Group 96.0%
  • Two Sigma Investments 95.0%

Professional Growth Opportunities

November 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.1%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.1%
  • Magnetar Capital 95.1%

Total Avg Compensation

November 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (12) $355
  • NA (9) $320
  • Engineer/Quant (83) $287
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (77) $193
  • Analysts (235) $177
  • Intern/Summer Associate (29) $145
  • Junior Trader (5) $102
  • Intern/Summer Analyst (277) $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
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
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
numi's picture
numi
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...”