Career Advice for a MM IB Analyst

Would love to hear some peoples thoughts on my situation. I am currently a 2nd year analyst at a MM investment bank outside of NYC. The goal has always been to move to the hedge fund space, specifically in NYC. I have not made a much headway with cold emailing the big headhunters (Dynamics / SearchOne) and the ones that reach out to me are all for PE or corp dev opportunities.

My bank is regionally well known (no brand recognition in the northeast) and has good placement to MM PE shops, especially in our region, but that is not the case for hedge funds. I know of one former analyst who has successfully placed into a hedge fund but he had to lateral to a bigger bank before he started gaining traction with headhunters / getting interviews.

Strategies I am considering: 1. Continue reaching out to HH / networking 2. Shift my focus to lateraling to a better known bank or at least one in NYC to make recruiting easier

Any input would be appreciated. Brief background on me: Top 20 UG business school (Bloomberg), 3.78 GPA, 170 LSAT, Varsity Athlete (Division 1), PWM summer internship

3 Comments
 

Inventore ut sed officiis quasi dolore. Magnam enim ipsa molestiae quia animi qui velit. Porro iusto nobis quas nisi optio et. Consequuntur non sed sit vero sint. Hic eum accusamus dicta.

Consequatur fugiat eos expedita et officia adipisci occaecati. Consequatur et id laudantium eum alias. Rem fugit magni earum eos est nam.

Career Advancement Opportunities

August 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

August 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

August 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

August 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 (233) $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
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
CompBanker's picture
CompBanker
98.9
10
Linda Abraham's picture
Linda Abraham
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...”