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Compensation is probably a bit lower than a research role at Citadel/2Sig/DE Shaw/etc. The competitors for that group at Blackrock is more like PanAgora, AQR, Acadian Asset Management, QMA (among others).

That being said, the Blackrock Systematic Equity group has people there who helped invent a lot of quantitative investing (Ronald Kahn). I think it would be a great place to be and start out a career. Likely a bit lower pressure, access to a lot of resources, model transparency, etc. A lot of the investment process at the top funds like two sigma is very secret so junior researchers will only have an understanding of a very small part of the investment process. At Blackrock you'd probably be able to learn exactly how their model works. It may not be quite as cutting edge as the top quant hedge funds but in my opinion it would be a better place to work in a lot of ways than being a researcher at citadel or two sigma. I haven't worked at any of the firms listed but this is just from what I have heard about all these places.

 

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