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).

 

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! 

 

Maiores impedit provident consequatur ducimus et maxime qui dolores. Doloribus tenetur itaque doloribus. Laborum est aut consectetur modi nihil.

Career Advancement Opportunities

April 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Citadel Investment Group 96.8%
  • Magnetar Capital 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

April 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

April 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Magnetar Capital 95.8%
  • Citadel Investment Group 94.8%

Total Avg Compensation

April 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (22) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (250) $85
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

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...”