Recently, I've been thinking about career paths and I am curious as to what the pros and cons of starting as a quant within a BB would be versus starting at a hedge fund like Citadel, Two Sigma, etc.
Salary seems to be better on the hedge fund side (200k-300k starting vs 100k-150k at BB), but is there embedded career risk when starting out in a HF as opposed to within a BB and then moving laterally later on (i.e. the expected value of future salary when beginning at a quant fund is lower due to decreased future mobility)? Or are my salary numbers off to start with?
Another area of differentiation is the style of research being conducted, as within a BB research is distributed to clients as opposed to used for the purpose of alpha generation.
These are just two topics off the top of my head, but I'm curious to read everyone's input.