DE Shaw career advice

Hi all, I'm interning in investment bank's S&T this summer and DE Shaw just opened for applications next summer (London) for trader intern and investor relations intern. I would love to go into a hedge fund and work in a macro team. Background is I'm studying econ and I'm interested in macro. Should I apply for the trading or investor relations position? Which would I be a better fit for?

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Based on the most helpful WSO content, here are some insights to help you decide between a trading position and an investor relations (IR) position at DE Shaw:

Trading Position:

  • Fit for Macro Interest: Given your interest in macroeconomics, a trading position, especially in a hedge fund, aligns well with your goals. Trading roles often require a deep understanding of macroeconomic trends and their impact on financial markets.
  • Skill Development: Trading will enhance your analytical skills, quick decision-making abilities, and understanding of market dynamics. These are crucial for a career in a macro team.
  • Career Path: A trading role can provide a direct path to working in a macro team within a hedge fund. It offers hands-on experience with market analysis and trading strategies.

Investor Relations Position:

  • Role Overview: IR involves managing relationships with investors, fundraising, and communicating the fund's strategy and performance. It requires strong communication and interpersonal skills.
  • Compensation and Lifestyle: While IR roles can offer competitive compensation, they may involve extensive travel and long hours, as noted in previous WSO threads. The lifestyle can vary significantly depending on the firm.
  • Career Flexibility: IR can provide valuable networking opportunities and a broad understanding of the fund's operations. However, transitioning from IR to a trading or macro-focused role might be more challenging compared to starting directly in trading.

Conclusion:

Given your background in economics and interest in macro, applying for the trading position seems to be a better fit. It aligns more closely with your career aspirations and will provide the relevant experience needed for a future in a macro team at a hedge fund.

If you have any more specific questions or need further clarification, feel free to ask!

Sources: Thoughts on Investor Relations? A good or bad move?, Why choose Sales and Trading over Investment Banking?, Sales & Trading Interview Guide - Gekko's Guidance Part 2, IB vs LAW? What career is right for me?, Career in Investor Relations for a MF

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

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