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Why do you want to do fundamental research at two sigma? If you want to do fundamental research, going to firms that specialize in fundamental approaches makes much more sense. I can't speak from experience or knowledge, but since their main approach is quantitative, the fundamental seems like a tertiary / experimental business for them to feed their main money making endeavor - you will always be more of an expense / testing team, and that will eventually impact comp, the type of work you get to do, opportunity for advancement, growth, etc (maybe not in huge ways, but I would bet there is some impact). If you want to work at two sigma because you think their culture or approach is great, I would focus on doing the quant path (can't comment on that path because I don't know it). If you want to do fundamental investing, there are many better  firms you should focus on. Getting out of that, you really shouldn't focus on getting a job at one firm, more about setting yourself up to be capable of doing the things you like the most, then picking from the best firms at the time.  

 

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