Top MM Pods / SM Funds For Development

I have read that working for the right MM pod / SM fund / PM is crucial for development as a junior investment professional, so I am starting a thread to develop a list of the top teams for analyst development. 

Essentially looking to understand what pods and SM funds a prospective analyst should be putting at the top of their list. 

Any commentary on rationale, AUM, and returns would also be helpful. 

Note: if it makes you more comfortable, please feel free to DM me instead or point out SM fund names / specific MM pods instead of explicitly naming the PM.  

 

You may want to rethink this one.

It's one thing to start naming SM guys who may like to be in the headlines, but completely another to start naming a bunch of pod PMs , some of whom don't like their names being out there and like to live a fairly private life.

Imagine google searching your name and finding out your associate put your name on blast on a WSO thread and all of a sudden you're getting LinkedIn requests from college freshmen who want to be billionaires at age 23.

 
Most Helpful

I totally hear you, and for someone like you who's trying to break into the industry it can be tough. I'll just put my two cents in.

-a successful PM with a good P&L track record doesn't equate to a good teacher that will help you become a better investor. In some large MM teams, analysts are more responsible for managing and teaching juniors and there's not much face time with the PM. The PM may focus more on developing analysts.

-the best way to find out if your PM will be a good one to work for is to ask specific questions of his/her analysts and associates during the interview. Believe me, this is a question they want to hear ie "will I become a better investor by working for this team?"

-once you're in a seat, you'll find out pretty quickly who the good PMs are (analysts stick around and are happy, sell side comments are almost always positive) and who the not so great ones are (stiff analysts on pay, high turnover, treat sell side like shit). It's a small world, rep gets around quickly.

 

Nam excepturi asperiores officia ipsum dolorem qui eum. Nemo illo officiis voluptates aliquam. Sed quos aut eos natus. Magnam consequatur placeat consequatur inventore velit nobis. Doloribus officiis aut ipsum et earum.

Career Advancement Opportunities

May 2024 Hedge Fund

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

Overall Employee Satisfaction

May 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

May 2024 Hedge Fund

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

Total Avg Compensation

May 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (23) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (251) $85
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
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
kanon's picture
kanon
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
numi's picture
numi
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...”