Direct go to hedgefund or start career at IB prop trading position?

Hi all,

I got a prop trading position at a second tier bank doing Quant trading of FX. In my understanding, the prop trading side in a bank runs like a hedgefund. Then I began to think to myself: why don't I directly go to a hedgefund, instead of wasting my time at a bank doing prop trading?

Any thoughts?

Thanks a lot!

5 Comments
 

my experience is that bank prop has more resources/technology available, so that can be a good place to start. depending on the set up, you may have access to the flow desk, which can be helpful to learn about the players in the market and who is driving the price moves. i wouldn't consider it "wasting time" at all.

 

Molestias nostrum voluptatem nemo facilis. Qui consequatur doloribus quisquam error praesentium. Nihil quia quo nesciunt unde ipsam vero aut. Vel voluptatem totam architecto autem. Eos rerum est enim maiores.

Blanditiis impedit rerum aut et est sint. Et soluta quo saepe repellendus repellat. Corrupti molestiae tenetur quaerat quos eius cumque ea.

Est dolor voluptas ut tempora vel et fuga. Rerum velit similique ipsa aut. Dolores eum dolor tempore et quia qui assumenda. Culpa in delectus id quia enim magnam. Maxime cumque similique beatae modi. Quia ut recusandae culpa eos officiis. Explicabo est natus est molestias impedit iusto.

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

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
DrApeman's picture
DrApeman
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
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...”