7 Comments
 
Most Helpful

Only know the public L/S side. They're focused on large caps with long holding periods and very little portfolio turnover, maybe 3-4 positions a year. One PM and a few sub PMs but analysts are responsible for covering a sector and are typically trying to get a short (6-9 months) and long (12-18 months) in the book that legs up to $100M's in position size. 

Interview process is basically -- Pitch us this stock, you have a month to do super deep diligence and show us what you come up with. It's more of a personality fit than anything else. Generally looking for people that want to go deep, have a very specific investment philosophy, and are optimizing for stability across all aspects of their life. By the end of their tenure my friend was working 30hrs a week (non-earnings) but had pretty much capped out in comp and seemed a bit bored. They got the chance to cover a different sector when opportunities in their current one were scarce, which was cool to hear. 

Since there's virtually no employee turnover, getting a gig there is pretty great but you're also not going to get much upside in comp since there's no PM path and PnL contribution is so concentrated on a few of the winners. 

 

Labore natus voluptatem cumque quaerat est est. Corrupti omnis laboriosam quia cumque doloribus id.

Career Advancement Opportunities

September 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

September 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

September 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

September 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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
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...”