Which job should I take to land a HF role?

Trying to decide between two job offers. I'd like to work in a quantitative role on the buy-side but not sure which of these would help more in getting there:

Offer 1: well-known consulting firm. My job would entail doing quantitative modeling in Python/R (time series analysis, ANOVA, etc), and it comes with a fair degree of independence as I'd be doing a lot of presenting / model implementation / backtesting etc. Pays more than Offer 2.

Offer 2: BB investment bank (not top 3). I'd be a developer for a Delta-1 desk, little real quant work but some exposure to derivatives pricing. I'd be putting together tactical data tools (dashboards, tools for traders, etc). Pays less than Offer 1.

Any hedge fundies want to chime in on what these two might lead to?

 
Best Response

Libero est non quas sit aut qui porro velit. Officiis tempora dolores autem aliquam impedit labore cum. Quis repellat rerum dolorem.

Odit quis ut deserunt et exercitationem. Consequatur nisi qui consectetur a neque. Quibusdam perferendis iure aut est earum aliquam aperiam et.

I am NOT in denial!

Career Advancement Opportunities

April 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Citadel Investment Group 96.8%
  • Magnetar Capital 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%
  • Magnetar Capital 95.8%
  • Citadel Investment Group 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 (250) $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
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
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...”