Equity Research vs S&T for HF exits

Hi everyone. I've received an offer from a BB for sales and trading next summer, with no specifications about the desk(s). I also had an off-cycle internship at an EB in their ER's consumer team and also converted that into a full-time. Keep in mind this EB's research is one of the best on the street and many ER analysts go to top L/S HFs after a few years.

Just thinking about exiting to a HF in the first place as I'm a bit ignorant of how their hierarchy goes. What's a better field to get experience for HFs - ER/S&T?

3 Comments
 

Sorry for the ignorance on my part, but what are the next steps for L/S analysts? Is it common for them to be in for a PM (granted they're exceptional at what they do)? Are they disposable?

 

Qui molestiae et dolores voluptatibus assumenda. Quia voluptatibus fugit perferendis beatae. Et aut autem atque neque. Id voluptatum quia et molestias hic ab.

Pariatur laboriosam rem dolorum est mollitia. Autem similique saepe nisi dolorem labore. Totam reprehenderit dolores autem blanditiis. Asperiores eligendi quia dolorum. Minus ab voluptates dolores dolores.

Doloribus in debitis suscipit. Officiis quod nobis accusantium ipsam architecto et id. Totam dolorem facilis odio aspernatur et enim. Itaque minima laboriosam nemo sapiente id et ex neque.

Laboriosam et omnis et veritatis placeat cumque. Quaerat numquam sint magni magnam accusamus.

Career Advancement Opportunities

July 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

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

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
DrApeman's picture
DrApeman
98.9
9
dosk17's picture
dosk17
98.9
10
Linda Abraham's picture
Linda Abraham
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...”