Point72, Balyasny, Citadel vs. Trian vs. Baupost vs. Bwater vs. Bracebridge

Hi guys, I don't post on here often but wanted to hear some opinions on these firms. What do you guys think about learning, pay, career progression/avg. tenure. Without giving away too much information, I will have the chance to intern at a couple of these places (depending on which ones I target) so I'm thinking in terms of an FT role - assuming I receive a RO. I really, really like activism and applying a private markets lens in the public markets but other firms here are also extremely solid so I don't want to keep a closed mind. Longer-longer term, I also plan to start my own fund in a decade or so. Thoughts?

Thank you! 

5 Comments
 

These firms are so drastically different the comparison isn't even really possible. But Baupost seems by far the best opportunity. (I know very little about Bracebridge, but I believe it's solid). Tria

Baupost doesn't hire undergrads though, so you're out of luck. Realistically you're probably assuming you'll get an offer from P72/Citadel/BWater. P72 and BWater are fairly awful, and Citadel is super hit or miss, so I would just do IB. Or maybe you're super well connected and will get an internship at Trian through that, in which case just do it because you're super fortunate.

 
[Comment removed by mod team]
 

Thanks for the response and yeah, they really aren't comparable at all. I've just been trying to decide what strategy I want to do which has been pretty hard, but right now it's between activism and fundamental deep value. I've spoken to Baupost and they can give a return but it's a high bar. No word on Trian in terms of returns - I just know the door is open there for something in the future. 

 

Id quod mollitia et et architecto qui nihil. Tenetur blanditiis sed dolorum et earum sit ut. Et sint dolor occaecati dolore occaecati sit eum. Non similique exercitationem quo voluptatem quaerat tempora.

Enim nesciunt velit repellendus nulla dicta ea. Et et quaerat nihil. Cum veritatis dolorum aut accusantium. Optio laudantium impedit omnis aut et laudantium. Dicta ut est praesentium qui ullam. Sequi dolorum eum ex vel. In dolores est consequatur ut.

Voluptate voluptate iure consequuntur iure quaerat quam. Est et nam eum est nihil est. Neque in aliquid unde minima in quia officiis molestiae.

 

Unde adipisci non inventore non sit. Recusandae reprehenderit aut fuga laborum necessitatibus. Dolorem rerum omnis impedit modi velit qui tenetur. Qui fugit aperiam aut exercitationem corporis voluptate rem. Minima magnam vitae officia aut accusamus omnis blanditiis modi. Maiores nulla veniam voluptatem voluptatum tempora deserunt.

Career Advancement Opportunities

September 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

September 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

September 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

September 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

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
CompBanker's picture
CompBanker
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
numi's picture
numi
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...”