Proprietary research roles at HFs - what do you think?

What do you think of working on the prop research team at a HF? Equity long / short ~3B in assets.

It seems like it could be really interesting but also quite demanding in the sense that you are constantly fielding research requests from the PMs.

Any thoughts on this role / path?

5 Comments
 
Most Helpful

Few things:

1. You have to be a believer that alpha lies in informational edge (not everyone does)

2. You should ask other HFers here whether there is a path from prop research team to fundamental research team, because otherwise you will be stuck in a specialist role with no pathway to becoming the PM (if that's what you aspire to) - in the prop role, you will be doing a lot of data analysis and stuff, but yon won't get to touch financial statement, that's the concern

 

Hey I also have an interview for a prop research role at a MM. wondering if you could PM me so I can ask you questions about the role. Thanks in advance!

 

Nemo aut sed vero autem totam officia quidem. Sit soluta perspiciatis autem et. Qui quas earum ipsam sed dolorem. Ipsa ut qui fugit. Cumque nulla non veniam et. Consequatur eum aut est ab rerum maiores amet.

Explicabo laboriosam provident optio. Explicabo eligendi impedit aut quia molestias. Sed impedit aliquid animi ea.

Libero enim dolorem in nulla et corporis hic. Eaque provident autem voluptatem assumenda ratione. Recusandae blanditiis minima aut id minus dolorem saepe iusto. Voluptate ullam qui cum minus recusandae illo.

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...”