Are s&t internships less prestigious/inferior to IB for HF future

Not a shitpost, but my dream is to land a gig at a hedge fund (not some execution monkey, dreaming for PM one day). Is this dream still possible from s&t or is it 10x more difficult than an IB role

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There are many kinds as said above. LO, l/s, merger arb better chance of out of IB or ER. Macro HF’s, stat arb funds ( mostly s&t fixed income traders/ algo traders). Equity derivative traders also sometimes exit to prop shops or hft. I’m also not in the industry but this is what I have gathered from reading and networking.

 

You can basically never work in fundamental equities after S&T cuz you would have no modelling experience but you can join a macro or quant team if that interests you. I personally find analysing companies way more interesting than other asset classes like fixed income, FX, etc. so you need to start off in IBD or ER if you wanna lad an equities gig at a HF

 

I’m not too interested in company analysis tbh, I’m more interested in trading based off macro events but still trading equities. Is there a specific type of hf for this? Almost like a billions sort of place lmaoo

 

You won’t be trading equities in a macro fund. Trading equities based off macro events is still a part of fundamental equities cuz you’re obviously building bottom-up models on a micro level but also analysing a lot of macro data that comes out to form your views. I interned at a 20bn+ MM this summer and I’ve spoken to a bunch of PMs there and my general opinion was that fundamental equities is way more fun than other asset classes and there’s a lot more alpha in it as well if you’re good at your job

 

Got it, I’m doing a part time internship at a small hf right now doing equity research so maybe that will get me more traction towards fundamental equities. Thanks for the responses

 

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