15 Comments
 

I joined one of the large MM's in L/S out of school, so I didn't do the IB path, but I can try to answer for MM L/S specifically:

Most people join after their analyst stint in IB (within 1-3 years) or equity research

Mostly modelling and research to begin with, as you learn the PM's process and understand how your stocks trade, you can start actively pitching ideas within your coverage. Managing/ops is a different job entirely.

 

Analyst 1 in HF - EquityHedge:

I joined one of the large MM's in L/S out of school, so I didn't do the IB path, but I can try to answer for MM L/S specifically:



Most people join after their analyst stint in IB (within 1-3 years) or equity research. 



Mostly modelling and research to begin with, as you learn the PM's process and understand how your stocks trade, you can start actively pitching ideas within your coverage. Managing/ops is a different job entirely.


Does managing/ops come with a heavier baggage as compared to an IB position for a similar role..thanks for the reply tho

 

This is a great example of why websites like mergers & inquisitions are great. OP - on that site there are articles about multiple different paths in finance, the work involved, the workload and whatnot. Reading those will be way more helpful to you (and truthfully less annoying to people here) than asking all these questions to piece together where your interests lie. 

 

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