IB -> HF

Rising junior, SA offer at a top BB (GS/JPM/MS), NY. Long-term goal is fundamental L/S equity — single-manager over pod, though open to either.

Two questions:

  1. Group choice. Ranking groups in a few months. Is a sector coverage group (TMT, healthcare) meaningfully better positioning for L/S than a coverage group (M&A, etc.), given funds hire by sector? Or does M&A generalist reputation carry enough that it doesn't matter at the analyst level?
  2. Prep between now and then. I've been involved with my school's fund, running personal pitches/accounts, and participating where I can in public markets (research, VIC, etc.). Beyond that, what actually moves the needle?

Aware that HF recruiting is less structured than PE and more about being ready when a seat opens. Mostly trying to figure out what "ready" looks like two years out. Thanks!

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