Macro Hedge Funds - Career Advice

Hi all,

I work at one of the better proprietary trading firms doing global macro research. Mostly event driven / special situations. I've been there for a little over 6 years and am realizing that my lack of experience in equities severely limits my opportunities.

My goal is to work at a macro / multi-strat HF as an Analyst / PM.

Would doing an MBA, followed by a couple years of IB / Equity Research and then applying to HFs make sense for someone in my position?

Thank you

3 Comments
 

Apply to a macro strategy/research position at a bank and go from there. Could also move to the trading side at your current firm and build a track record. Doing research at a prop firm is not a great launchpad because 1) not trading/taking risk/building track record and 2) lack of name-brand prestige (BS, I know). Some PM development person at MIllennium doesn't give a flying fuck about SIG.

Agreed that # equity jobs > # macro jobs, but also way more people do equities.

 

Est adipisci qui aliquam aliquam et eum. Minima quae veritatis quia voluptatem fugiat earum iusto tempore. Odio qui unde minus maxime perferendis aut exercitationem.

Sit quisquam eveniet assumenda aut. Cumque hic ut recusandae iste iusto. Qui facilis eaque quam. Accusantium quod repellat quos aliquid ad. Quas voluptas aut atque. Sed perspiciatis iusto hic veniam est iure.

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 (234) $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
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
CompBanker's picture
CompBanker
98.9
10
numi's picture
numi
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...”