MM IB vs. BB S&T for SA

Hi all, 

I am supposed to make a pivotal decision soon on what I should pursue for a summer analyst position. For MM think of William Blair, HL, Piper Sandler tier in the West Coast. For the S&T opportunity think of MS, GS, JPM tier in NYC. Potentially looking to break into a hedge fund in the future and get an MBA soon as well, but also wouldn't mind being a career banker/trader. What would you guys recommend. Thanks in advance! 

5 Comments
 

What type of hedge fund? What investing style are you looking to break into? Some would make sense for you to take IB, others S&T.

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Most Helpful

Long/short equity I would lean IB. Distressed debt you'd need either to be on the restructuring team in IB or on the distressed debt desk in S&T (you could be a desk analyst, trader, salesperson). Both are good so pick wherever you think it will be easier to get on a team that gives you distressed investing skills. Options isn't exactly a strategy unless you maybe mean some type of vol fund? For that you would do S&T of some sort. Not sure what you mean when you say options though. A multistrategy hedge fund isn't a strategy you can prepare for because it's basically just a fund with pods/groups that have different strategies (ie some pods may be L/S, others may be macro RV or systemic strategies or event driven etc all within the same fund). 

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