Getting to a good sm hf from ER vs IB

Going to be an intern in ER soon and reading a lot of conflicting advice on this. If my goal is to work at a l/s equity single manager HF, should I try to switch into banking or stick to ER? The ER role is at a BB under a decent analyst (II ranked but nowhere near the best at the firm or covering the best names).

2 Comments
 

From what I have heard both options give you a pretty good shot at getting a SM HF offer. Although this is relative btw as getting into a HF is deff very hard but ER and IB have the highest conversion rates in HF jobs. I think if you are with a decent analyst that is II ranked it would make sense to work for them and get to know the clients they cover and then switch over to HF in 2-3 years. Pay close attention to the types of funds that reach our to your analyst and see if they interest you and are funds you would want to work at.

Good Luck! 

 

Inventore qui occaecati adipisci sit reiciendis reiciendis corrupti iste. Facilis aut dolores ducimus dolorem perspiciatis nemo blanditiis. Inventore perspiciatis fugit aut unde ex dolorem totam. Quod magnam dolores soluta eligendi ratione sed temporibus. Reprehenderit aut illo qui ad et suscipit ut.

Career Advancement Opportunities

June 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.1%
  • Citadel Investment Group 97.1%
  • AQR Capital Management 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 (76) $192
  • 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
Betsy Massar's picture
Betsy Massar
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Mimbs's picture
Mimbs
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...”