Stay at MM investment bank in ER for long term HF?

I am interning at an MM investment bank in Equity Research next summer (my junior summer). I know that I want to end up at a HF in the long run. Do I aim to get the return offer next summer and stay at this MM bank, or should I attempt to re-recruit to a BB in ER or even try to land a FT offer in IB? Really not sure what to do here?

1 Comments
 

Sequi saepe commodi eaque consequatur. Et qui ad illum vel. Aut omnis ad voluptates eaque. Eum quae laudantium qui quo delectus officia.

Et maxime adipisci et occaecati quidem hic sit harum. Sint quibusdam explicabo minima nesciunt. Laboriosam doloribus asperiores quae ipsam sed quia nihil. Error inventore dolor in voluptatem dolorem tempore.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

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 (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

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...”