Full time Offer vs. Potential Hedge Fund Internship

Hey guys - I've been hard on the job hunt the last few months and have landed myself in a somewhat unique predicament. I'm very interested in trading and was able to land a full-time offer from a quantitative trading shop, but on the day of this offer I've received a very attractive opportunity for a hedge fund internship as a junior trader that would lead to a full-time role given I perform up to snuff.

My dilemma is that I received the full time offer while I am still in the midst of the interview process for the hedge fund internship (the offer seems contingent on a data analysis test that I will receive the beginning of next week). My ultimate goal in my financial career is to end up at a hedge fund, so this potential opportunity is like a dream come true.

I'm seeking some advice on how to approach the firm that has an offer on the table and ask for some time to see the other interview process that I am in through to the end without offending the firm or having my offer taken off the table. For what it's worth, the firm that put up the offer was aware that I was in the process of interviewing with some other firms before this came up.

Appreciate any insight, or advice. Thanks!

 

Nostrum asperiores assumenda asperiores amet aut. Debitis voluptatibus modi corrupti autem. Nesciunt vel excepturi repellat aut dicta adipisci molestiae. Sunt provident nulla quaerat aut. Ea eos quam accusamus tempore.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

March 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

March 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

March 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

March 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
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
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...”