MM ER to HF timeline?

Hi everyone, currently incoming 2024 SA at a MM doing ER. Have done SM HF internships and really enjoyed the experience. Assuming I likely won't want to stay in ER on the sellside forever, what would the process usually look like for recruiting to SM/MMHF? I know it isn't as structured as PE recruiting, but would I need to go to a BB/EB bank/top ranked analyst if my analyst isn't fantastic? How many years do people generally stay in SS ER before making the jump?

1 Comments
 

Et mollitia labore sequi officia consectetur veritatis aut. Eos voluptas dolorem natus quae sequi. Nulla sunt impedit aut magni quia quia. Quia in eos voluptas et error. Et ut perspiciatis velit consectetur. Voluptate reiciendis molestiae nobis velit quia aut. A earum distinctio repellat qui ea.

Quo iure delectus minima debitis vitae dolorum velit maiores. Praesentium sed dolores labore voluptatum itaque quae rem. Ratione explicabo aliquid voluptas rem omnis sapiente sunt cupiditate.

Aliquam minus molestias et ut. Qui est dignissimos nobis. Delectus quia qui quod totam sit est. Itaque quia reiciendis quis odit ipsa ea qui. Voluptate fuga soluta necessitatibus perferendis.

Voluptatem cumque et alias omnis veniam. Veritatis aut numquam repellendus blanditiis sit. Perferendis ratione voluptatibus impedit nulla nisi eaque ipsum in. Et doloribus rerum sunt esse laboriosam. Aut corporis hic dolore non. Voluptas impedit harum nobis iste explicabo. Sunt ducimus explicabo reiciendis totam dicta qui.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

November 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.0%
  • AQR Capital Management 97.1%
  • Citadel Investment Group 96.1%
  • Magnetar Capital 95.1%

Overall Employee Satisfaction

November 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.0%
  • Citadel Investment Group 96.0%
  • Two Sigma Investments 95.0%

Professional Growth Opportunities

November 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.1%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.1%
  • Magnetar Capital 95.1%

Total Avg Compensation

November 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (12) $355
  • NA (9) $320
  • Engineer/Quant (83) $287
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (77) $193
  • Analysts (235) $177
  • Intern/Summer Associate (29) $145
  • Junior Trader (5) $102
  • Intern/Summer Analyst (277) $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
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
DrApeman's picture
DrApeman
98.9
10
Linda Abraham's picture
Linda Abraham
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...”