List of HFs that recruit from undergrad (FT and interns)

Not gonna include the big MMs, this is strictly SMs. A few I've seen from linkedin/recruiting posts for FT and intern offers:

Baupost, Skye Global, Maverick, Cat Rock, Matrix, Eminence, Samlyn, Light Street, Silver Point, Scopia, Whale Rock, Abdiel

Not saying any of these have structured internship programs, but they have at least taken a few interns in the past. Anyone know of any others (for FT or internship)? Preferably keep it to L/S, event driven/distressed, and like $2bn+ pls. Much appreciated!!

46 Comments
 

Ah also Force Capital Management and maybe Stone House Capital Management too. I think there is another HF that a friend of mine worked out after UG. Blanking on name right now but was like a Tiger Grand Cub. Also potentially the hedge fund Bloom Tree

Apollo’s hedge funds of credit may also

 

How many people has Baupost hired out of undergrad in the past decade?

 

I talked to one of their recruiters last year who told me they don’t hire undergrads in investing roles. That’s not to say it hasn’t happened - it’s probably happened in the past once or twice - but most people who start FT there are working in BO/MO functions.

IF they HAVE hired anyone in investing roles out of undergrad, it’s likely been less than 3 over the past decade. And with that, they would’ve probably been absolutely stellar outliers. 
 

For reference so someone doesn’t say “YoU pRObAbLY JuSt dIdN’T FiT thE BiLl”, I’ve got a 3.8+ GPA, good test scores, at a target, and my internships have been solid enough to keep me in the running at most places. They just genuinely don’t hire many people (if anyone) in FO roles out of UG.

 

Sapiente rerum impedit velit sapiente. Qui enim qui quo nesciunt unde placeat laudantium.

Alias quisquam sunt nesciunt voluptatem voluptatem sunt. Aut et et culpa autem.

Suscipit mollitia sequi ipsum velit accusamus sit. Velit nihil asperiores voluptas dignissimos enim quia.

Deserunt dolorum aliquam vitae odit cumque qui. Impedit porro quos ut error. Hic facere corrupti rerum suscipit quia ut unde. Voluptas corporis ut dolor qui.

Career Advancement Opportunities

June 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.1%
  • Citadel Investment Group 97.1%
  • AQR Capital Management 96.2%
  • Magnetar Capital 95.2%

Overall Employee Satisfaction

June 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • Millennium Partners 98.1%
  • D.E. Shaw 97.1%
  • Blackstone Group 96.1%
  • Citadel Investment Group 95.1%

Professional Growth Opportunities

June 2026 Hedge Fund

  • AQR Capital Management 99.1%
  • Point72 98.1%
  • D.E. Shaw 97.2%
  • Citadel Investment Group 96.2%
  • Magnetar Capital 95.3%

Total Avg Compensation

June 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (12) $423
  • NA (9) $320
  • Engineer/Quant (86) $288
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (76) $192
  • Analysts (240) $181
  • Intern/Summer Associate (28) $146
  • Junior Trader (5) $102
  • Intern/Summer Analyst (282) $96
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
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
Mimbs's picture
Mimbs
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...”