MM Hiring
What is the state of MM hiring right now for junior and mid level positions? Any PM’s or senior analysts with info from management on when hiring will get back to normal or at least start back up?
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MM hiring has mostly been unaffected to even up recently. Hard to tell, but the top places have been hiring pretty aggressively over the last 3-6 months, especially targeting funds that haven’t been doing as well. Not sure if that is just some of the top funds (citadel, Millenium, etc) or across the board.
In general I expect funds that are performing to continue recruiting at pretty normal rates through EOY. Will probably be a bit more back to normal across the board early/middle of next year.
You're assuming things are not normal now, and I don't know on what basis you make that claim. As far as I can tell, MMs have kept a pretty steady rate of hiring over the past 5+ years. Even this year in March, they didn't miss a beat.
There might have been select cases such as Baly slowing hiring when it was restructuring 2 years ago.. but other than that.. the pace of hiring (and firing) for MMs as a whole has remained fairly constant over the past few years.
Think OP was referring to any COVID-related stops in hiring? Am curious as well if it’s been affected because of that
And that poster is answering that. Most MMs, especially those that handled March well, did not slow down their hiring, if anything they recruited more heavily.
Thanks. I guess I thought there’d be some hiring slowdown especially in nyc for mid level roles considering no one is in the office but I guess not
What's the WFH policies at the MMs? Does it depend on the PM?
Pretty much all WFH thru at least end of year from the people I know at various MM. Most even longer.
Thanks, so are all interviews and onboarding conducted remotely?
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