MM PE to HF

I spent 2 years at MBB and am wrapping up my 1st year as a MM PE associate. I like the intellectual exercise of evaluating an investment, but I dislike the amount of process-related monotony the job entails (e.g. coordinating diligence providers). I think I'd be better suited in the public markets due to less process work, as well as missing the quantitative nature of my undergrad (think computer science or statistics).However, based on what I read on this site, it sounds like unless you went from GS TMT to KKR or a comparable bank / MF, it's basically impossible to get into any hedge fund. Has anyone successfully navigated this transition from a no-name MM PE fund, or is it simply not realistic? Thanks

4 Comments
 
 

Very doable to make the jump to a MM HF from relatively obscure MM PE shops. You need to have deep industry or sector-specific knowledge that makes you an attractive candidate but it’s much more common than you’d think.

Thats for a MM HF though, not SM. SMs are a tougher nut to crack for sure. MM generally is more short-term trades but if you can find the right  PM then you may have a longer time horizon that allows you to think a little more PE-like.

 

Ipsa rerum fuga dolorem. Ut quae reprehenderit ea.

Sint similique odit ipsam voluptas itaque velit consectetur. Vel expedita recusandae itaque porro.

Harum ipsum ipsa cum velit. Necessitatibus quaerat eveniet fuga incidunt qui est. Recusandae sequi modi magni et provident ea enim.

Similique et culpa culpa repellat enim. Tempora voluptatem et molestiae aspernatur. Sit accusamus sint iure vero distinctio et. Eos porro deserunt recusandae corrupti omnis quis. Vero accusantium qui corporis dolor pariatur sit fugit. Inventore ad dignissimos cupiditate architecto. Repellendus animi quaerat debitis saepe.

Career Advancement Opportunities

July 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.1%
  • Citadel Investment Group 97.1%
  • AQR Capital Management 96.2%
  • Magnetar Capital 95.2%

Overall Employee Satisfaction

July 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.1%
  • Citadel Investment Group 96.1%
  • Millennium Partners 95.1%

Professional Growth Opportunities

July 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.1%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.2%
  • Magnetar Capital 95.2%

Total Avg Compensation

July 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (12) $423
  • NA (9) $320
  • Engineer/Quant (86) $288
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (77) $191
  • Analysts (242) $181
  • Intern/Summer Associate (29) $145
  • Junior Trader (5) $102
  • Intern/Summer Analyst (282) $96
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

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...”