MM L/S Internship -> Macro Fund/Pod

I signed an internship offer for this summer at a top MM in L/S equity, and I intend on trying my best during the program. However, I have always been a more quantitative person (majoring in math and CS). I recently came across rates trading, and I think I'm better cut out for macro of some sort.

Given this background, I'm wondering how I can get into a macro role in the future. I know a lot of people start in trading at BBs, but how do I land one of those roles full time without having done an internship? Is it also possible to get into a macro fund/pod directly?

5 Comments
 
Most Helpful

I know people who have received offers from citadel GFI alongside specific teams at Brevan Howard, Bluecrest and other macro shops out of school. They usually went to a top school and were (very) good at their degrees (usually something quantitative or econ) and could code. They usually had some prior experience at a fund or BB S&T SA. Very reliant on networking.

If you’re doing P72 SA, there are people who have done the academy and ultimately placed in a macro pod (usually credit) 

 

Do you generally think the grad programme at Brevan Howard is worth it? In terms of how the training compares to starting at a BB at a good desk? Also how did your friends handle recruiting if they did SA somewhere else, did they turn the return offers down or how did they manage it timeline wise?

 

Sequi aspernatur sed ut voluptas. Rerum impedit accusamus esse neque soluta mollitia. Sit ipsa fuga consectetur commodi est. Rem omnis blanditiis quo quia animi ratione quia. Veniam sunt alias nostrum quae occaecati dolorum veritatis. Provident reiciendis sed earum distinctio magnam qui iure.

Maiores dicta assumenda tempora ratione quos. Ipsum molestiae eos veniam saepe eum. Architecto incidunt vero soluta voluptatum aspernatur fuga repudiandae. Voluptas veritatis est et nesciunt. Ratione architecto quisquam iusto dolorem nobis officia nesciunt.

Accusantium et maiores a omnis rerum quia in. Doloremque quaerat at commodi eveniet aut. Ut voluptate dignissimos illum dolorem soluta. Iusto et maxime aliquam architecto. Possimus dolores et nihil tempora vero eos.

Career Advancement Opportunities

August 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

August 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

August 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

August 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 (233) $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
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Betsy Massar's picture
Betsy Massar
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...”