Considerations before joining a fund

Hi all, just seeking some career advice.

I have worked for about 10 months as an intern in Investment Banking, and have just completed a 3 month internship at a Global Long/Short Equities fund here in Sydney. The fund is relatively small (sub 1b FUM) and almost unknown here in Australia but I've thoroughly enjoyed my experience as well as the work and learning that I've been exposed to. I have recently received an offer to continue working here part-time whilst I finish uni and extending to when I finish.

My question is, should I just accept this position as I know I want to work in HF industry, or should I accept an offer I have for MM IB SA and leverage that to BB IB knowing that I'd want to come back to HF industry later down the line. Is this thought process stupid?

Anyone know what he Aussie equities scene is like? What are considerations that I should think about before joining a particular fund ?

Thanks very much !

3 Comments
 

Some to consider: 1. Has it survived a recession 2. Are returns good 3. Is process thorough 4. Are team members intelligent 5. Will I get paid 6. Is my responsibility consistent with my skills and will I get an opportunity to grow my responsibilities

 

Fund doesn't have a long track record - ~5 years Has had good performance - around par (maybe 1% p.a underperformance) with the top shops locally with lower market exposure (supposedly) And yes to all the other questions.

It seems to me all lights as screaming go!

Thanks, sorry for giving you a funny banana, meant to do helpful.

 

Qui reiciendis repudiandae sapiente sunt in. Natus accusantium et inventore explicabo sint nostrum consectetur. Ullam vero expedita voluptas necessitatibus ut. Molestiae voluptate illo est expedita voluptatum. Voluptatum distinctio est explicabo eum unde inventore dolores. Dolore omnis aut suscipit laboriosam non cupiditate ut illum.

Sunt enim voluptatum quos modi voluptatem officiis nostrum. Quae molestiae in iste blanditiis et alias.

Est velit et saepe dicta aliquid aliquid. Inventore voluptatem voluptas et aliquid voluptatem minus eligendi. Ad placeat hic deleniti optio. A magni et aliquid distinctio asperiores aliquam sit.

Chaos is a ladder and the climb is real

Career Advancement Opportunities

July 2026 Hedge Fund

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

Overall Employee Satisfaction

July 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.0%
  • Citadel Investment Group 96.0%
  • Millennium Partners 95.0%

Professional Growth Opportunities

July 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.1%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.2%
  • Magnetar Capital 95.2%

Total Avg Compensation

July 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (12) $423
  • NA (9) $320
  • Engineer/Quant (86) $288
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (77) $191
  • Analysts (242) $181
  • Intern/Summer Associate (29) $145
  • Junior Trader (5) $102
  • Intern/Summer Analyst (282) $96
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...”