How much are macro roles at the larger programs (Citadel FIM, De Shaw prop, Capula, BW, Baly etc) paying for fresh undergrads. Heard they're targeting a similar pool of candidates as quant - wondering if comp is in the same ballpark
| +20 | Future of L/S | 5 | 2d |
| +17 | Latest blow up / wind down | 25 | 1d |
| +12 | Looking for Fund to Partner With - LMM Activist | 3 | 3d |
| +11 | Nuvei is paying $7.40 a share in cash for Payoneer, US$2.75B equity. How do you read a premium that is still below the debut valuation? | 4 | 7h |
| +10 | SM L/S Compensation? | 2 | 11h |
| +9 | MMHF Central Execution Trajectory/Advice | 1 | 18h |
| +9 | Moving from credit to equity? | 3 | 3d |
| +6 | How to prep for credit HF? | 4 | 15h |
| +5 | James Fishback | 4 | 4h |
| +3 | Chefs at Pod Shops | 2 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Based on the most helpful WSO content, first-year compensation for macro roles at top hedge funds like Citadel, D.E. Shaw, and others is competitive but slightly below quant roles. Here's a breakdown:
These figures suggest that while macro roles are lucrative, quant roles (e.g., Engineer/Quant at $272K average total comp) tend to offer higher pay due to the technical skillset required. However, macro roles still provide a strong entry point into the hedge fund space for undergraduates.
Sources: Q&A: Head of Macro Strategy at Hedge Fund Taking Questions, What are some of the cushier roles in Corporate ($125-150K/year and ~45 hours/week average)?, How are you "macro equity" guys doing? (Druckenmiller/Bessent style), Global macro recruiting - a primer, Comp at Top MM Firms?
From what I’ve heard it’s a wide range. 250-450
Any rough figures specifically for Capula, Man Group and Orbis for New Grads?
What do the grads do in these roles - is it basically data analysis (under a PM) for the first few years? What sorts of strategies typically do these people join? (most colleagues I know in QT/prop don't have an econ/macro background so I'd imagine unlikely to be punting duration & curve)
yeh more or less you do the maths and coding for the traders on the desk with the view that they train you into being good at risk taking
firms kinda realised that hiring mainly from banks doesn’t cut it. being good at understanding flow and clipping bid/offer is a different ball game to HF. better to train talent in-house
plus most of the best stem talent nowadays ends up at quant/prop/tech rather than banks so gotta scoop up earlier
What are some key skills they are looking for?
Eaque natus nam molestiae sit tenetur. Nostrum fuga quas voluptates. Illum quod laborum eveniet porro vero aperiam itaque voluptatem. Consequatur sit unde sunt. Aut doloribus placeat cupiditate non velit.
Voluptatibus at corporis reiciendis voluptatem. Velit maxime saepe itaque. Eligendi tempore eos nihil. Recusandae accusantium reprehenderit a minima fuga.
Sed omnis adipisci qui eius laborum. Ducimus quia sed alias totam sequi nobis. Impedit quae dolor suscipit corrupti quasi facilis quisquam vero. Quos nam rerum fugit nam quo accusamus.
Quia nihil doloremque commodi labore odio non. Adipisci sed velit aut sed rerum et doloremque. Repellat tempore sit ut rem omnis et sint. Eligendi ut quis cum incidunt. Aut ad ea animi est.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...