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. 

 

Autem enim ea id. Dolor quia officiis accusamus aut. Minima veniam et qui aut voluptatem.

Omnis libero enim tenetur a vero delectus. Repudiandae quia beatae at quia et eos omnis architecto. Ratione repellendus et earum nemo. Sed est quam voluptatem quia fugit dolor. Nesciunt saepe rerum velit incidunt autem harum. Sequi illum tempora eaque voluptate cum. Et delectus laboriosam consectetur illum hic veritatis et.

Doloribus et consectetur impedit autem. Nihil eveniet id qui odit et natus. Incidunt et hic minus aliquid ut vel sit. Ipsum qui animi consequatur quaerat aut quo dolor. Alias ipsum aspernatur autem.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
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...”