Just landed operational role at HF, from PC/VC, any advice?
Recent grad from T10, previous internships in private credit at an industry leader, and a mid-market VC fund. Been recruiting heavily for PE/PC and VC roles but landed a papered offer from referral for ops at a well-regarded prop shop/HF (think Cit Sec, Optiver, SIG, Akuna, 5R, Jane Street, HRT) which I plan on accepting.
Overall comp/trajectory has been established by the desk/recruiter, and it is beyond fair, so I'm now looking for any satire, roasts, or genuine advice from people who've been in similar situations, or worked at these types of shops. Thanks chimps.
I always valued the comment here, which I think is one of the best on WSO:
www.wallstreetoasis.com/forum/investment-banking/the-best-of-the-back-o…
wondering where he might be now
why did you get an ops role when you did private credit before.
The money is better, allegedly hours are better according to my hiring manager, more relaxed culture wise, and it’s closer to family.
can you share comp bands/trajectory that they gave you?
Interesting to see HF ops role pay better than investing role. Usually most large cap PC or UMM PC / special sits pays quite well.
The downside to ops role is (1) work will not be as interesting as investing + restricts optionality into fundamental investing roles, (2) comp will be lower than investing role - ops / middle office not a revenue generating role and (3) always 2nd class citizen given not a PnL generator
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