Take MM RX or Continue to Recruit for IB/Credit/Quant?

Sophomore target here, interning at top LO AM shop in an investing role this summer. No idea what I want to do right now, which is why I recruited for basically everything under the sun, but ultimate goal is to work at a hedge fund, ideally credit oriented. Didn't manage to convert most of my interviews with RX/EB's/HF's this cycle, and so am continuing to recruit.

Received a RX offer from a reputable MM last week, not an EB but decently big/established practice (10+ MDs). Still have a week to decide. Am also in the process with a number of low-mid BB's for IB, credit funds (think multiple of Ares/KKR/Bain Cap/Oak Hill/BX), MMPE, and Quant.

If my ultimate goal is to work at a hedge fund, should I just take the RX offer and look to maybe lateral to an EB for RX full-time, or should I continue to recruit? There's a high likelihood I'll receive a return offer from the shop I'm working at this summer, so that would be the ultimate back-up plan in case I completely strike out in recruiting, but I'm unsure as to whether LO AM provides a path towards ultimately working at a HF. If I continue to recruit, what opportunities that I listed should I take over working in LO AM? What opportunities would even be available later into the summer?

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May 10, 2022 - 7:45pm
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