Internship Offer HF or MFPE?
Hi everyone,
I am finishing my MFin and have two internship offers in London: one at a PE MF (Bain/KKR/Triton/CDR) and one at a Hedge Fund (Citadel/P72). Would be very grateful for your input/advice on which to choose. I am straight out of university and have only done a couple of internships so far.
Many thanks!
Both are incredible opportunities, it just depends what you want to do long-term. I personally think you'd be better off at a PEMF like KKR just for general overall exit opportunities.Do some research to figure out the differences between HF and PE.My high level understanding of the two:HF - Do you want to build portfolios with different strategies on public equities (and other publicly traded securities)?PE - Do you want to work on buying private companies and find efficiencies through restructuring/roll-ups (m&a of other companies)? Or growth equity/venture capital depending on the firm/group.
PE MF for stability and near-guaranteed comp trajectory
HF for the yolo chance to be a star
choose what suits your personality
Like others said, very different career paths/personalities. Personally would choose HF but that's me. All I know is, the perfect fit for a hedge fund would absolutely hate the work in PE, and the perfect fit for PE would hate to be in HF.
Tbh you should almost never take an offer at a MMHF over a good PE fund. If you want to work at a pod you can just go there after PE, and there also will be better hedge fund roles available.
As someone who is also incoming at one of the aforementioned funds, this is true from a career trajec perspective.
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