Looking to go into banking from HF - would appreciate any mentorship.

I've been doing arb at a hedge fund and highly structured capital markets trades for the last two years with some very light fundamental work on some high yield credit names for the last ~6 months. I'm generally considering moving into banking because I think it would build a foundational skillset, and most of my fundamental analysis skills are self-taught and I have a lot of difficulty benchmarking myself because all of my peers at work are VPs/Principals with wizard-level knowledge than blows me the fuck out of the water. I found one role at a BB that seemed to be for people from non-finance backgrounds that was an associate role in IB, which I applied for and am vigorously networking for, but I was wondering if it was common for one to be able to lateral from a hedge fund to a bank. My long term goal is to go into UMM/Buyout PE to make enough money and then go do a niche roll-up strategy in REPE (but need that PE comp first, my understanding is its higher). I'm leaving my job as my 2-year analyst program is over and am slightly concerned that I'm going to be stuck without a job. I'm interviewing with some specialty finance shops that are ok but I'm worried that comp is going to be capped and I also don't want to pigeonhole myself.

I apologize for the desperation, but I would appreciate some advice and mentorship here - I feel a bit lost here and I'm worried my background has closed some doors for me. For what its worth, I'd be happy to share some RE-related investment ideas (via pm) as a paltry form of compensation for some advice (not sure this is worth anything but I think they're kind of interesting). At this point, I've already busted my ass and grinded for the last two years and I'm happy to keep doing it, I just don't want the light at the end of the tunnel to fade to black. My parents are immigrants and worked hard so I could get a great education at a prestigious school and be happy, and I know sometimes they're worried that I seem upset. More than anything, more than how much I want to outcompete my peers and be at the front of the pack, I just want to truly make my parents proud, like, knock-it-out-of-the-park-proud. The drive behind my ambitions is mainly just a way to express gratitude to my parents. And I want to do it while they're still around.

That's all y'all - I know its a bit senti but sometimes you gotta just let it out and do full stream of consciousness. 

4 Comments
 

Aut quibusdam dolorum fugit iste excepturi. Quasi ut fugiat est aperiam eligendi et ea. Ea tempora autem quos. Doloremque vel optio est cumque esse et aut. Veniam itaque ipsa ea et. Minus aut ut possimus hic beatae porro. Error numquam culpa dolorum et aliquid.

Consequatur at possimus rerum explicabo. Nobis est officiis odio et rerum. Dolor magni dolores officiis sint architecto inventore tenetur.

Minima voluptatem molestiae laudantium atque tempora. Animi eaque iusto soluta pariatur dolor est. Libero impedit dolores quae laudantium maxime dicta voluptatem.

Career Advancement Opportunities

August 2026 Hedge Fund

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

Overall Employee Satisfaction

August 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

August 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

August 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 (233) $178
  • 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
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Mimbs's picture
Mimbs
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...”