CorpDev -> HF?

Hi all,

Looking for some feedback/advice on opportunities to pivot into HF. Accept that I might need to go through banking or another channel to get there instead.

CorpDev/CorpFin background (4+ years) in Australia, with another 3 years previously in accounting. Late 20s. Energy sector focus, with experience across deals, valuation and financing. Reasonably strong Python skills, including BESS modelling and quantitative research. Would get wrecked in a quant interview, but can definitely hold my own without slamming the Codex help button.

MSc in Finance with near-perfect grades at a top Aus uni. Have a couple of working papers out on commodity markets and geopolitical risk, with some submitted for publication. Interesting results, but nothing groundbreaking.

Planning to take a career break next year to undertake another MSc in the UK at a top-tier university in Finance/Financial Mathematics. Partner is relocating and I want to take the opportunity to study at a top school for self-fulfilment / career progression. Will have UK working rights.

Looking to pivot from real-asset infrastructure into a more markets-focused role, ideally fundamental or quantitatively informed investment research.

A few questions:

  1. Internships: How difficult is it to secure internships at smaller/mid-sized HFs during an MSc? I also have a 3 month window before the program starts. Should I start cold emailing now or wait until I've confirmed a UK university?
  2. Recruiting: Should I bother applying for graduate programmes or focus on junior/experienced-hire roles? I worry that I fit into an awkward in-between.
  3. Banking route: Will I realistically need to run the IB/ER gauntlet first if my eventual goal is HF? I work with IBs and lenders reasonably often in my current role and could leverage those relationships. Not scared of the work hours, just not too into IB.

Appreciate any feedback and happy to provide more context if useful.

0 Comments

Career Advancement Opportunities

October 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.0%
  • AQR Capital Management 97.0%
  • Citadel Investment Group 96.0%
  • Magnetar Capital 95.0%

Overall Employee Satisfaction

October 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

October 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

October 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 (76) $193
  • Analysts (235) $177
  • 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
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
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...”