Starting careers in a MM platform

Hi all,

Student at a target.  Incoming SA at a BB.  I love the markets and investing, but I am not 100% sold on it as a career (I'm only 20).  Currently getting recruited for analyst positions at MM platforms (Citadel/Millennium/p72 types).

Now I know its a bit early to think about my career as a whole, given I technically don't even have those offers yet, but I am getting the feeling that starting out my career in a hedge fund would have an adverse affect on my ability to do other things with my life in terms of career (in the cases I discover I am terrible at it or lose passion for investing/markets).  However, the illusions of prestige and high early career earnings associated with the hedge fund route make it such an attractive direction.

Anyone have any strong opinions or philosophies on starting a career this way?  Is it safer to stick to the conventional banking route if in case I decide one day I want to become an entertainment business mogul, go into economic development or something completely unrelated?

3 Comments
 

Just from reading this site, if you start with a HF you get pigeonholed in the space. If you start with IB even if you go to a HF after and you get blownout or tired of the space you can go do something else and still have options.

 

Earum aliquam voluptatem necessitatibus atque possimus quos cumque. Necessitatibus debitis labore non reiciendis sit delectus. Recusandae omnis repellendus dolorum sit eligendi dolore modi est.

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