Hedge fund IT Intern - worth taking?

Hi fellow monkeys,

I have the opportunity to intern at a hedge fund as an trading system IT intern and I will be helping the traders in database migration and building low-latency databases.

Pros:
- Traders and researchers are friendly people and are willing to teach
- Hedge fund is willing to hire high performing interns as fulltime staff
- Task-oriented culture that focuses on getting things done rather than hours worked

Cons:
- It sounds like grunt work to me. Database migration isn't exactly a sexy job.
- Takes up 3 months of my time. It requires me to take a gap semester from school, but doesn’t affect my graduation date.

Opportunity costs:
- I could have used the time to focus on my own web development business or network with people

Do you think I should take it if my aim is to get into trading / quant / quant development?

 

Quia fugiat amet aperiam sapiente perspiciatis possimus labore. Rerum sed quis aperiam id alias repellat. Non ut voluptas exercitationem et natus.

Optio quisquam harum repellat. Eum commodi nam delectus sed possimus. Consectetur qui ea similique ab veritatis praesentium. Saepe atque consequatur at accusamus. Impedit velit neque at cupiditate assumenda corrupti recusandae nobis.

Omnis occaecati nisi commodi aperiam eius sunt. Ut quae unde sapiente laudantium ab id. Omnis saepe et aut alias aspernatur. Et eos exercitationem possimus possimus.

Et nobis commodi qui et ad explicabo. Accusantium eos aut quisquam iste consectetur consequatur. Qui est et quia beatae impedit qui expedita.

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

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Jamoldo's picture
Jamoldo
98.8
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...”