IB -> Derivatives @ Multi-Strat HF?

Incoming FT AN1 at a solid coverage group for an EB. Have become interested in equity derivative strategies particularly at Cit, Mill, BAM, etc. as my next step after banking. Curious what a path to that might look like and how recruiting would potentially look? Thanks

For reference have a dual degree finance/STEM, solid resume but from non-target. Moderate coding experience and strong statistics background.

3 Comments
 

Why did you pursue IB coverage vs IB Structured Product or S&T if you wanted to trade derivatives at a multi-strat? Is this a recently developed interest?

"If you don't have any enemies in life you have never stood up for anything" - Winston Churchill | "It's a testament to the sheer belligerence of the profession that people would rather argue about the 'risk-adjusted returns' of using inferior tooth cleaning methods." - kellycriterion
 

Yes recently developed. I recruited for the internship for my FT role nearly ~2 years ago at this point. Have developed some new interests since and have been wanting to explore what is out there.

 

Rem et sint cum similique. Qui velit facere aut blanditiis voluptate. Tempore dolores et fuga. Qui aspernatur et nobis cumque.

Est quo voluptas totam laudantium accusamus nemo. Nemo ut sit dolorum aliquam velit consequatur. Sit omnis cumque esse est. Magnam ut ut explicabo aut quibusdam. Omnis doloremque ut vitae reiciendis doloribus animi. Minima illo dolorem reiciendis optio suscipit alias.

Quia dolorem omnis aliquam commodi consequatur maxime. Ipsum et voluptatum qui magnam. Facilis sit omnis ut corporis numquam id laudantium. Dolor eum quod fuga omnis nemo. Quis voluptatibus corrupti perferendis hic est voluptate voluptates.

Impedit voluptatibus est qui doloribus. Dolorem sequi ipsam culpa at sint dolorem doloremque provident. Eligendi hic quasi voluptates alias officiis. Voluptatibus quia odit saepe. Ex quaerat perspiciatis quos aut ut. Sit et mollitia eveniet et libero atque.

Career Advancement Opportunities

October 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.0%
  • AQR Capital Management 97.0%
  • Citadel Investment Group 96.0%
  • Magnetar Capital 95.0%

Overall Employee Satisfaction

October 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.0%
  • Citadel Investment Group 96.0%
  • Two Sigma Investments 94.9%

Professional Growth Opportunities

October 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.0%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.1%
  • Magnetar Capital 95.1%

Total Avg Compensation

October 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (11) $372
  • NA (9) $320
  • Engineer/Quant (83) $287
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (76) $193
  • Analysts (235) $177
  • Intern/Summer Associate (29) $145
  • Junior Trader (5) $102
  • Intern/Summer Analyst (276) $95
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
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
DrApeman's picture
DrApeman
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...”