Hedge Fund vs. Proprietary Trading

What are the most notable points of difference between a quant position at a Hedge Fund, vs at a Proprietary Trading Shop? Specifically, how do they differ along the following dimensions:

(1) Intra-firm mobility
(2) Exit opportunities
(3) Hierarchical structure
(4) Work-life balance
(5) Compensation structure (bonus/base split, starting pay, growth)
(6) Nature of employees (e.g., antisocial, too competitive, cut throat, etc.)

For reference, I'm a sophomore in college right now - I've only recently started to delve into the mechanics of this industry.

 

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