Undergrad sophomore. Have an offer at a LO AM (D&C/Cap Group) but want to be at a L/S pod structure eventually. Is there a way from D&C to MM HF or is my best bet to do IB or recruit MM HF right now for junior summer? Thanks!
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Assuming it is an RA position, would take it over IB. RAs from these programs routinely get offers from top MMs and have to be convinced to take those :)
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of course, feel free to reach out
RA and don't look back. If at any point in the next few years other stuff in life starts mattering to you (going out, girlfriend/dating etc) then the LO seat will look even more attractive. If not, and you can make 2/3 year stacks your life, the MMs will be hiring.
Doesn't make sense to slave for 2 years in IB only to join a pod as a junior. RA will be a great environment to build your foundational knowledge of companies, just make sure to carve out a well-defined coverage for yourself, don't become a beta index-hugger, finish the 3/5Y programme and you should be able to get a sleeve at a pod for the real $$. Only undergrad MM HF seat I'd consider in your position is P72 Academy since you get a similar 3Y runway as an analyst there + more junior pay. But make sure it's really D&C/Cap Group tier because I don't think MMs would really look at folks from second-tier LOs.
Thank you! It is one of the two (D&C/Cap Group)
MMs look at second tier as well but lower u go command over coverage is more important. Otherwise strongly agree with everything said here
Would you say the same for fidelity?
Yup many ex-Fidelity at the Big 3/4
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