Satellite IB to London HF

Hi all,

Currently a second year IB analyst at a BB in Australia, seeking to move to a London L/S HF (preferably SM) in 2023.

Looking to politely tap the WSO UK HF community for guidance on some questions I have:

  1. I have 18-24 months before I want to start my HF role. To maximise my HF candidacy during this interim period, am I better off:(a) staying in IB (getting solid modelling exp atm) and making the move when I'm an associate;(b) moving to PE this year; or(c) running at an Aussie HF seat this year (likely no familiarity at London HFs); 
  2. How much will the lack of a London network impact my chances? Open to solutions
  3. When making the move to a HF in my 3rd / 4th year, will my experience by recognised or will I join a cohort of people in their 2nd year?
  4. Is setting up international sponsorship an issue for SM funds? Assume MM is fine.
  5. Are virtual interviews acceptable? Or will I have to move to London with another job / without a job before I can interview?

Appreciate any and all responses. Thanks!

Comments (17)

Aug 25, 2021 - 11:24am
WSO Monkey Bot, what's your opinion? Comment below:

Oz-Medici, bummer your thread hasn't had a response yet. Maybe one of these threads could point you in the right direction:

More suggestions...

If those topics were completely useless, don't blame me, blame my programmers...

  • Analyst 2 in IB - Cov
Jan 9, 2022 - 8:29am

Hey man,

I can't actually answer any of your questions about the specifics as I am at a similar stage to you (although already based on London). What I can say is that all interviews so far for myself and my friends have been virtual, although none of these have been for HF have all been for PE/IB.

Best of luck!

Jan 16, 2022 - 5:30pm
user38459295, what's your opinion? Comment below:

b for visibility. something I'd say here is from my experience WSO isn't too common in the uk. very us-centric and your ability to find a uk guy who knows his shit about what you're looking for may be limited. good luck anyway. 

Jan 16, 2022 - 5:59pm
user38459295, what's your opinion? Comment below:

Asperiores ducimus sit et sunt. Cum magnam doloremque dicta odit. Eaque sed sunt et laboriosam ut non veniam et. Est sit non dicta voluptas aliquam. Et praesentium aliquam voluptas.

Maiores voluptas qui et vitae a aliquid autem. Ut fugiat soluta temporibus. Perspiciatis beatae ullam molestiae voluptatum sunt est velit. Voluptatem dolores at non est ut est. Aut aspernatur sint deserunt minus sit voluptatem.

Start Discussion

Career Advancement Opportunities

November 2022 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • AQR Capital Management 96.8%
  • Citadel Investment Group 95.8%
  • Two Sigma Investments 94.7%

Overall Employee Satisfaction

November 2022 Hedge Fund

  • D.E. Shaw 98.9%
  • Magnetar Capital 97.8%
  • Blackstone Group 96.8%
  • Citadel Investment Group 95.7%
  • Millennium Partners 94.6%

Professional Growth Opportunities

November 2022 Hedge Fund

  • D.E. Shaw 99.0%
  • Point72 97.9%
  • AQR Capital Management 96.9%
  • Citadel Investment Group 95.8%
  • Blackstone Group 94.8%

Total Avg Compensation

November 2022 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (22) $464
  • Director/MD (11) $434
  • NA (5) $306
  • Manager (4) $282
  • 3rd+ Year Associate (23) $275
  • Engineer/Quant (63) $269
  • 2nd Year Associate (29) $251
  • 1st Year Associate (71) $192
  • Analysts (213) $178
  • Intern/Summer Associate (20) $130
  • Junior Trader (5) $102
  • Intern/Summer Analyst (236) $85