Distressed prop desks, London

Recently spoke to a senior (and very successful) PM in the distressed space in London and he advised me to get into a distressed prop desk of some banks in order to maximize my odds of transitioning to a distressed credit HF. My background is in MMPE with some decent exposure to distressed deals, but purely on the private side. Can someone share their thoughts on these desks in London, and how solid are ones vs. others, recruiting, culture, strategies employed etc.? Would really appreciate it.

Thanks!

3 Comments
 

Enim occaecati dolores excepturi veniam molestiae. Neque vitae sint molestiae eius maiores atque neque repellendus. Corrupti quia reiciendis qui expedita quam fuga recusandae rerum. Maxime omnis est eligendi nisi.

Odit ipsam aut dolores omnis deleniti voluptatibus reprehenderit est. Omnis praesentium voluptates atque in voluptates qui culpa. Placeat laboriosam doloremque numquam illo. Tenetur dolorem quia quo eos est. Maiores error omnis maxime atque et expedita. Cumque eius nesciunt vitae aut ut.

Career Advancement Opportunities

June 2026 Hedge Fund

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

Overall Employee Satisfaction

June 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

June 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

June 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

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
dosk17's picture
dosk17
98.9
9
DrApeman's picture
DrApeman
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...”