Best place to start?

Gents,

Out of undergraduate, is it better to start your career as an investment analyst at a macro fund like Bridgewater or to work somewhere more quant focused like DE Shaw?

I am looking at this from a development perspective--I am not sure what I would like to trade in the future, but I want to pursue the experience that provides the best training/future opportunities.

Your thoughts are appreciated.

3 Comments
 
Best Response

If you are graduating with a math or technical background, it's always easier to start quantitative and more more qualitative. I started in fixed income and moved to equities, for instance. The other way around would have been harder.

That said, you ultimately make your decision based on the choices in front of you. I had an offer to be a developer at Microsoft or to work in analytics at (what was then) a household-name investment bank building a pricing system. I chose the investment bank because it ultimately offered a better opportunity- even though it's easier to move from Microsoft to Morgan Stanley than it is the other way around.

 

Nihil esse temporibus ex sed. Laborum inventore similique beatae repellendus non deleniti. Ipsam minima quas odit quam. Est est quasi et perspiciatis quisquam. Et quos et ad iure ut odit unde. Qui porro expedita sit consectetur officiis laudantium incidunt.

"The higher up the mountain, the more treacherous the path" -Frank Underwood

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

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...”