College junior with HF internship - Need advice regarding further prospects.

Hi All,

I have been reading WSO forums for a while and they seem to be extremely helpful. Would love your insights.

Context: Junior at a top university near San Francisco. GPA ~ 3.5ish. Major: Economics, Statistics and have a lot of programming experience. Prior Exp: Software Engineering, Product Management and Startups.

Situation: I had a change of heart last year where I got fed up with he silicon valley tech culture. I wanted to go out and learn about finance (preferably related to tech) so I sought after TECH IB at major firms. Interviewed at few but couldn't secure any final rounds. (Was also slightly under prepared coming into the process very late). From here, I tried for VC and PE. I secured a few interviews here and there but didn't result in much. I went next for the some harder jobs that required a bit more of the quant side so HF. I landed a HF job at a small $2B AUM hedge fund who ideally never hires interns. However, because all the trading (algorithmic) is done by quants and mainly the partners, I was given a Business Development role in their NY office. I will be working directly with a senior associate (10yr exp) and an MD (28 yr exp), on the client capital raising side of the business. I realize its a wonderful opportunity because I can learn a lot about the fund, trading strategies and because they are ready to take me to all the client meetings, lunch, dinner etc.

Q: However, because I'm not sure I want to be on this track, I want to also use my time in NY networking with other firms and getting to know more about finance. Ideally, with my background and interests, I would kill to end up at top VC firm but I open to PE, IB (I do realize how hard these are). How should I look at this opportunity, make the most out of it while also networking effectively in NY? Any other advice from you papa monkeys?

Thanks!

Career Advancement Opportunities

April 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Magnetar Capital 96.8%
  • Citadel Investment Group 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

April 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

April 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Citadel Investment Group 95.8%
  • Magnetar Capital 94.8%

Total Avg Compensation

April 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (22) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (249) $85
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
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
kanon's picture
kanon
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
numi's picture
numi
98.8
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...”