MMHF Tier 1 Training Program vs Tier 2/3+ Analyst Seat

Hypothetically, if someone were to get offers from a training program from a tier one MMHF where an analyst seat may not be guaranteed (P72 Academy/Citadel CAP) vs analyst seat at lower tier shop (think Verition, Walleye, Bremen, SquarePoint, etc), what would you recommend?

Region
6 Comments
 

Pretty flawed question without knowing the PM at the lower tier firm. But rule of thumb would be to take the Academy, the seat is yours to lose and training is top notch.

 

MLP is a tier 1 MMHF. Generally its M/C > etc 

Brendan howard lol

 

Sequi magnam consequuntur iure corporis accusamus id ullam. Iste fugit aspernatur quia nam aut natus. Enim sit cupiditate officia et fugit. Sit molestias reiciendis omnis repellat maiores et ut.

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 (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

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...”