Impact of MM HF Undergrad Programs

Was looking to hear thoughts about the recent push for hedge funds to hire out of undergrad.

DeShaw, Millennium, Point72, and Citadel have all established programs to consistently hire out of university.

Are these programs comparable to PE Analysts and IB in terms of comp, culture, and carrer progression?

Is taking a MM Hedge Fund seat out of university a good idea if these funds are investing heavily into the programs? 

5 Comments
 

DeShaw (and maybe Citadel) would probably be hiring out of undergrad for more quantitative roles, so not sure if they’re an alternative to IBD
 

If you want to work in HF space, then these are great programs. People from my school who had offers to these places often picked MBB / GS/MS instead given they weren’t certain about their career path and the industry outlook. 

 

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