Research Assistant at a Hedge Fund. Will I be able to move up?

I just graduated from an ivy and really want to get into finance. Unfortunately, unlike many others, I did not discover that I had a passion for investing and equity research until the end of my college years. This meant that I was not too prepared academically or internship wise to find a great starting position with a formal training program. I found it very difficult to even find places to apply, since many bulge brackets hire out of their intern class, and boutiques prefer finance majors for their skills. I have now just started as a research assistant at a hedge fund. It is a good hedge fund; small but growing (and quickly). Right now I am doing a lot of admin work, and a little help with excel spreads. I am told that if I continue to be enthusiastic, they will teach me other things, and will help me to grow into new roles if there is the opportunity internally.

However, I am concerned that I am stuck in something that may be dead end. It is really important to me to have upward mobility, and find success and fulfillment in whatever industry (hopefully finance) that I am in. While I am learning a lot, I am concerned that I won't be learning enough, or doing enough impressive work to find a new job with more opportunity when the time comes. I am smart, diligent, and also maintain a good attitude about work. If I stay for around two years, they may help me move into a research position, or onto something externally. But my fear is I will stay for two years trying to move up and the fund will not have grown enough, or the research team will still limited to only those who have gone to business school and have years of investment banking experience. And then if I leave but never was able to gain important skills and experience, I will be confined to more admin type roles as a career.

Does anyone have advice? Has anyone been in a Research Assistant role and moved on to work as part of an investment team? Does anyone know anyone that has?

2 Comments
 

Doloremque qui ut eaque odit. Quia dolore molestiae quod qui adipisci nisi officiis. Molestiae officia debitis sint a veritatis deleniti error ea.

Non officia numquam laudantium accusamus amet libero. Commodi laudantium reprehenderit veniam. In sed quibusdam cum nihil veritatis molestias voluptatem saepe.

Officiis dignissimos molestiae accusantium magni dolorum magni odio minima. Ut quia a corporis. Aliquid enim ea odit et et enim consequatur voluptas.

Dignissimos architecto a illum quam dolores exercitationem. Ducimus sit quo earum qui aut in. Magni distinctio qui voluptate.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (67) $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

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
Mimbs's picture
Mimbs
98.8
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...”