Repo Assistant or Mutual Fund

I'm looking for some career advice regarding my next move. My ultimate career goal is to become a trader/PM at a FICC HF and I was curious to know which role that I have been offered would set me up better for a future lateral into FICC HF analyst role at a HF. My initial thought was to accept a role at the mutual fund (option 2) but after some research, the general consensus seems to be that moving from AM/MF-> HF is highly unlikely given the a HF role would require a different set of skills.  My questions are as follows: Which job should I take and why? What type of exit opportunities would they provide me? What is the difference in the skillset of a research associate at a mutual fund and a hedge fund? And would would accepting the MF role put me in a position down the road to lateral to a HF?

Jobs:

1- FICC/MBS/ABS repo trading assistant @ Small (>15 head count // $3.2 billion AUM) HF

-The position is focused on supporting the trading and Repo funding desk but requires flexibility to engage in various market and investment research activities as needs require

-The position will support agency MBS and repo trading

-The position has the potential for growth into a trading role over time for a motivated individual who excels in the TA position

2- Investment research Associate (FICC focused) @ ($750 AUM) Mutual Fund

- In-depth knowledge of trading various types of securities. Research skill set across a broad range of assets with a focus on fixed income (mutual fund selection, ETF, Futures, and individual equites). Buy side trading

- Ability to coordinate several factors affecting the portfolio.

- High understanding of derivative products.

- Operational support such as data acquisition, data attribution, organization, trading verification & execution analysis, trading programing, and task-oriented focus.

2 Comments
 

Vitae quos quia pariatur corporis eligendi temporibus ducimus asperiores. Impedit consequatur culpa molestiae voluptas totam deleniti est. Facere aut eligendi commodi fugit dicta blanditiis tempora.

Fuga ea eveniet est suscipit tenetur in voluptatem. Eum nulla nihil placeat facere.

Career Advancement Opportunities

June 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.1%
  • Citadel Investment Group 97.1%
  • AQR Capital Management 96.1%
  • Magnetar Capital 95.1%

Overall Employee Satisfaction

June 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.0%
  • Citadel Investment Group 96.0%
  • Millennium Partners 95.0%

Professional Growth Opportunities

June 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

June 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 (76) $192
  • 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

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
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
DrApeman's picture
DrApeman
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
dosk17's picture
dosk17
98.9
10
bolo up's picture
bolo up
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...”