Marshall Wace L/S Equity

I’ve spoken to a few analysts here and interviewed with them last year.  

I would not call them an MM (they also want to make sure they’re not seen that way cause they don’t want to pay you like a real MM lol). I never got an answer what the real risk limits are there but it sounded like they’re looser than your traditional MM. They like to say people can build a career there and won’t get canned like the MMs but speak to the analysts and you’ll find it’s all smoke and mirrors.

There’s potential to run really big books though which can translate to material pnl. I was really impressed with that. I was not at all impressed by the people who interviewed me though. Marked difference between Citadel for example. They spoke a lot about culture but the guys that interviewed me were honestly trying hard to be grade A rude assholes. Think it might have been part of the interview treatment since I still passed the interviews where they behaved as such. But nonetheless, it was a giant turn off and i would’ve pulled out of the process completely - but I hadn't formally received my offer from an MM (where I work now) so I just sucked it up.  
 

Overall my takeaway is that it’s a platform you can make larger amounts of pnl with looser risk limits but lower % cut. But dont let them fool you into thinking they have a longer leash or that it’s a nice place to work.