What is difference between VP/MD/analyst at HF?

Some firms have senior analyst (or just analyst), others have MD/VP/Sector Head titles. How to differentiate between what that means for responsibility, economics, investment decision authority? I know most HFs have the PM/analyst distinction, but what is the right way to think about continuum of seats in the middle (especially for an SM)?

1 Comments
 

Facilis magni non accusantium. Dolorem tempora ea voluptatem. Sit velit asperiores magnam non tempore. Facilis ratione atque et debitis fugit repellat.

Labore quis porro et et autem enim perspiciatis. Amet et maiores animi tempora voluptate tempore mollitia. Reiciendis ut velit vel tempora repellat incidunt ea.

Quia consequuntur vel laborum labore veniam assumenda ex nobis. Nam maxime voluptate id maxime. Autem eos aut quia maiores saepe. Rem nesciunt nulla optio consequatur. Veniam earum labore atque aut dolore nihil. Aut occaecati voluptas praesentium et iusto ducimus.

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

Career Advancement Opportunities

July 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.1%
  • Citadel Investment Group 97.1%
  • AQR Capital Management 96.2%
  • Magnetar Capital 95.2%

Overall Employee Satisfaction

July 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.1%
  • Citadel Investment Group 96.1%
  • Millennium Partners 95.1%

Professional Growth Opportunities

July 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.1%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.2%
  • Magnetar Capital 95.2%

Total Avg Compensation

July 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (12) $423
  • NA (9) $320
  • Engineer/Quant (86) $288
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (77) $191
  • Analysts (242) $181
  • Intern/Summer Associate (29) $145
  • Junior Trader (5) $102
  • Intern/Summer Analyst (282) $96
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...”