Q&A: I'm a hedge fund recruiter.

Howdy all, I work at the largest private search firm in the world that only does financial services. I focus on the fundamental, bottom up investing space of the hedge fund community, however we cover the full gamut of products on the buy and sell side. It's been quite a year for the hedge fund space and I felt it'd be interesting to field some questions and hopefully be helpful to those scratching their heads. My own focus is pretty broad but in short, my clients are predominantly single managers, long track records, single or low double digit billion $ under management, have lean investments teams and try to avoid trading too often. I do some work with mid market PE funds, special sits funds, structured products (both primary and secondary) and purely distressed. I sit in NY where we're headquartered but out company has ~15 offices globally. Thanks for reading and curious to hear your thoughts / questions.

 
Most Helpful

Hey great question. I'm a younger guy (under 30) and so I actually do a lot of our junior banker recruiting (analyst to VP) personally. It's all about understanding what banks train folks to do and how well. If we're actively recruiting for a short term search, let's say in a junior distressed analyst seat at a credit fund, we'd want to look at banks with notably strong debt centric groups: JP credit IB (it's like lev fin with industry coverage), GLC, GS lev fin, MS lev fin, Evercore and Houlihan restructuring, possibly UBS lev fin, and I wouldn't preclude the financial sponsors and M&A groups but you really wan to focus on folks coming with the right skill set.

I try to avoid making judgement calls on schools unless I find there's some eonnctivity of the hiring managers to specific schools. The whole "target school" thing really carrier the most weight at funds that like to recruit en masse and on cycle. TPG / KKR / Blackstone / H&F, etc. Slightly less true for hedge funds as they tend to hire from banking so they focus moreso on work ethic and bank group than school -- it's not a hard and fast rule and mostly depends on the perspective of the hiring manager but the onus is on guys like myself to push them beyond what's on the piece of paper. Personality goes a long way!

 

Thanks for this. I am actually surprised that JP credit IB is considered - would you have a preference with JP IB credit than JP LevFin? Also, how do you view other credit groups in other banks like GS / MS? Wondering if there's a view on your end from the HF lens that JP Credit are more so what you are looking for vs. other BB credit groups and if this is given through your experiences in the past.

"Striving for excellence motivates you; striving for perfection demoralizes you"
 

Can you comment on current market conditions for hiring? Given these funds are lean and the tough market conditions is it fair to say that the hiring market for candidates is very difficult?

 

I can try - the unfortunate (for many) truth is that the flight of the plurality of massive allocations is to the multi managers aka the platforms shops. Those firms rune the majority of their public market businesses net neutral and by virtue of that, they run their talent net neutral. It means they'll always inherently have a voracious hunger for junior and mid level talent.

Single managers are case by case but you hit the nail on the head - funds are lean. It behooves the fund managers with 2/20 models and considering most single manager funds run more directional, they're hurting far more than the lower net shops. I think we're on the cusp of massive consolidations in Feb/March in single manager deep value land and we're doing to see an interesting trend of atypical talent heading to platforms and potentially even leaving public markets to seek haven in PE until the markets return to a bull run. IMO that's a pretty poor cop out since you'd prove your mettle by weathering public markets rather than tucking tail and running for a steady gig at Bain.

Hope that helps

 

Why don't you make the jump from recruiter to recruit? Wouldn't you like to work for a hedge fund?

Never discuss with idiots, first they drag you at their level, then they beat you with experience.
 

Most major funds try to avoid having internal recruiters as they're a cost center until the placement puts up consistent #'s. I've only ever worked at my current firm and I love us our MO being relationship driven and non-flow oriented. It fosters more organic relationships with clients and allows you to pick who you want to work with. We're also extremely expensive vs. the typical private firm so the grass isn't really greener at a small hedge fund vs. building my own book of business here. It's pretty case by case since comp is variable on my performance here. If yo go internal at a fund fleeting needs or seldom any needs, you're putting yourself in a position to fail IMO. That make sense?

 

Depends on the business model of the recruiting firm. We have been around for ~30 years and so our clients are clients by virtue of really long standing relationships. At the newer client level, we develop clients through networking with candidates and basically knowing everyone strong within a certain talent market segment. When we get a call from a single manager fund, they tend to want to keep their name off the street. We approach our own points of contacts confidentially for referrals, check our organizational maps of salient funds / sell side shops to pull from and target individuals, are referred through folks we approach, etc.. What we never do is list a job online. It's how you get the burger flippers of Wall Street banging down your door. Keep in mind, our business model is NOT your typical mega recruiting shop - Dynamics for example is entirely a flow model and that's just not something that works for us.

 

First of all, thanks for doing this. A common topic of discussion on the forum is the exit opps for people with a background in S&T. You mentioned that you look at strong groups that is dependent on the product and the bank, however, the groups you mentioned were part of IB. To what extent do you also look at people in S&T, and is a S&T background far less common than coming from IB?

Also, if you do work with people in S&T, is there a specific product or desk in that stands out in recruiting/is more in demand?

 

Hi there - great question. S&T is slept on and that can be to your benefit or detriment depending on what you're recruiting for. If you're gunning for the same investing seats as the tippy top pedigree bankers, you're going to have a bad time. Being in S&T doesn't afford you as much modeling or plain old 23 hour work day experiences that most fund managers had to go through themselves. If you're ultimately focused on being an investor rather than a trader, my advise would be to first look to firms who have a very blurred line between trading and investing. e.g., structured products investors are almost always their own traders. Same is true for folks in IG credit since most of the alpha captured is in trading unless you're just short selling IG bonds and letting them dip for months before picking them back up - such is not the market right now though. If you want to walk through your specific desk and career path on a firm by target firm basis, drop me a line and we can connect when it's quieter. I hope that helps !

 

what are names of some notable funds in the structured product or IG credit space? also what opportunities in the HF space would a FICC background provide as opposed to equities? thanks

 

Hi thank you so much for doing this, very insightful for those of us on the other side. How do you view those who entered buy-side analyst programs directly out of school, funds that typically recruit Post-IB for associate spots, but have analyst programs for undergrads who choose to forego the traditional IB path? Also for the funds that do special situations/distressed, how do you view candidates that are doing direct lending/mezz/equity co-invests? Any insight is again appreciated!

 

The latter is an interesting background in general so always good to know a lot of folks who jumped right into disregt investing across the cap structure. Having a confusing and transactional role early into your career is humbling and I think is a good blend of experiences without having gone to banking still. Going into a rotational out of college is great if it’s a mega fund as you’ll always get looks but frankly you lose out on having a well developed network as you would on the sell side. If your goal is to be a fundamental investor, on average banking best equips you.

 

any thoughts on old school manual trading of futures contracts? (outright, spreads) semi-quant based, but not fully algo vs full algo? Where the goal is just to trade more?

what do the funds look for / need to bring on a guy from a S&T role?

just google it...you're welcome
 

Voice trading is diminishing but is quite valuable still on the sell side - especially in more Esoterics products like illiquid ABS. I think folks in the structured products worlds are going to be the last to bend knee to quant phasing out old school traders and we’ll see an sdcemtmof junior kids coming out of school in 2020 or so with functional coding skills and moxie to be a technical sell side trader apt for the buy side ASAP.

 

what if you dont know how to code? This might seem like a silly question, but is it important to learn this skill for the future? people have said that it is "over-hyped" and only a skill to learn if you want to, rather than out of necessity. Would you agree or disagree and why?

 

Can I ask a nasty question (ducks)? What value do you think headhunters are adding when dealing with senior people (i.e. PM level)?

I have a friend who lives in the country, and it's supposed to be an hour from 42nd Street. A lie! The only thing that's an hour from 42nd Street is 43rd Street!
 

The most successful macro funds have a very high technical bar for talent so to avoid a disconnect between the quants that can track all this data of markets and the traders actually creating and deploying alpha capture strategies. The most meaningful macro funds will look to index rebal, options, high frequency execution and other technology enabled traders more than the typical fundamental analyst. That said, there are more thematic mafrocfunds that trade slowly and take more of a short term investment horizon than actively trade around their names / indexes so those are better homes for folks in publishing research I find .

 

I’d flesh out your coverage of sectors and geographies under your current role. Make sure your title isn’t something vague. Title and role are not the same thing. Analyst is a level and investment analyst is a role so I’d be specific. Beyond that, network yourself among folks doing similar jobs at competitors and try to get close to a few key recruiters rather than paper thenstret with your resume. It’s easier to become spam than not unfortunately.

 

I don’t intentionally ghost people - Wen have a big enough company to pass them along to someone that’s more equipped to help them immediately. We take a longer term approach to working with candidates so it’s often the case that I’ll know someone for a year before I place them- unless of course that person is actively looking. To be honest, most candidates do the ghosting but those are not people worth aligning yourself with on average anyway. I’m long “good humans” even if it means avoiding killing myself to work with someone that treats me rudely and is a strong candidatenon paper. It’s not worth the stress imo.

 
Ekoa:
I don’t intentionally ghost people - Wen have a big enough company to pass them along to someone that’s more equipped to help them immediately. We take a longer term approach to working with candidates so it’s often the case that I’ll know someone for a year before I place them- unless of course that person is actively looking. To be honest, most candidates do the ghosting but those are not people worth aligning yourself with on average anyway. I’m long “good humans” even if it means avoiding killing myself to work with someone that treats me rudely and is a strong candidatenon paper. It’s not worth the stress imo.

Fair enough.

 

Would you automatically reject people that are out of employment for a couple of months? And what would you advice to these people? Also, what do you perceive to be the right skill set? Many thanks!

 

Thoughts on 2+2 candidates?

Additionally, are all of the brand name pe shops pretty similar in your perspective (i.e., is there a difference between a candidate from Blackstone/Carlyle and Lindsay Goldberg/Madison Dearborn for HF recruiting)?

 

Hey Ekoa - thanks for doing this.

What your advice on an undergrad breaking to structured finance and levfin? My friend and I are both having an extremely tough time breaking into the industry for full-time. We're at a non-target Canadian school, we run our school's finance association, obtained a pension fund as a sponsor for the club and have relevant experience. (Me: SA at top Canadian mutual fund, secondary PE structured products. Him: SA at infrastructure PE and S&T at a BB).

Thanks!

 

Howdy - maybe get in the door with some of the smaller players to start (speaking for the US at least) TD, RBC, Nomura, Miz, Sumitomo, Wells, BMO, Macquarie, etc.? The truth is that it's harder to start at top shop with no full time experience than it is to lateral into a similar seat at a much better firm once you have touch points in industry and deals under your belt. Feel free to PM me if I didn't answer this the way you were hoping. Cheers

 

How hard is it for junior/senior analysts to find a new gig if their PM’s pod at a multi-manager or single manager fund blow up (L/S equity, fundamental focused)? Do they become “damaged goods” or are other PMs willing to overlook this?

Also, are you seeing junior/senior L/S equity analysts leave the industry altogether? Like going back to banking, trying to get into PE, going to work in industry, etc

 

I made note of that last point in another comment a few days ago I think. It's basically the worst time to be in your late 20's and looking for another buy side seat as a result of a fund blowing up. More dislocated analysts than ever and fewer funds to go to than ever.

As for the first point, it's not impossible and is really dependent on your pedigree, coverage, and style. Moving forward we're going to see funds tighten risk and draw down exposures to a low net if not totally net neutral. If you're coming from a Lone Pine style fund it's going to be very difficult to port that strategy to a new name fund as chances are they're running a higher gross of names and lower net than you're used to. The benefit of coming out of a multi manager is that people understand why it doesn't work out on average. Can go into more detail if you have specific questions to your own background. Feel free to DM me. Hope that helps!

 

For the multistrats / platform funds....when it comes to active day trading of global macro/interest rates trading (not HFT...not algo...but model driven trades that last 1-2 hours on avg)....what minimum stats (performance/risk/capacity) are they looking for?

just google it...you're welcome
 

It’s awesome that you are answering questions. Thank you.

How would a day-trader like myself approach a job hunt? I graduated from a good business school, but instead of getting a job, I decided to trade for myself. I have done well, but given this market condition, I would like to quit a winner and start my “Street” career.

 

Hey! I shot you a DM but I am guessing you have gotten a bunch in the past few days so they're easy to miss. You mentioned you work with Two Sigma type funds sometimes, and I've been looking into getting my foot in the door with those types of quant funds. I have a couple years of strategy consulting experience and a hard STEM background - do they typically work with recruiters, does it depend on the role, fund, etc.? Would appreciate any tips.

 

To what extent are you seeing people from quantitative asset managers reach out to you or vice versa? Not necessarily funds like 2sigma but systematic shops like Panagora, AQR, Acadian, etc. that run both hedged and long only strategies? I know that a lot of funds are trying to bring on quant/data science types to build out quantamental or integrate systematic ideas to some degree. I'm curious to hear to what extent you are seeing quants move to the other side? I've had a few conversations with fundamental PMs, both at multimanagers as well as single managers regarding these types of opportunities but it seems like there is frequently misunderstanding or misaligned expectations.

 

We're retained by all of the mentioned. Our particular firm is rooted in quant and so we've always had long standing relationships with the large AM's and fast moving macro funds. It's a tough search for someone exclusively trying to make it in quant / HFT trading at those funds as, to your point, there is typically some sort of box left unchecked -- be it technical skills, sharpe, geographic focus, work life balance etc. I don't have any specific advice beyond asking salient questions to your recruiters before engaging

 

I'm not at one of the shops above but one that is pretty similar. Happy where I am but am very curious to see if the quantamental stuff is just hype or if it's truly a big alpha opportunity. If it is, I'd like to jump in since I'm pretty early in my career but I also don't want to join ex-banker bros who see quants as tech support. A stereotype but it's sometimes difficult to tell how sold a PM is on implementing systematic ideas when they don't come from that background.

 

Hey thank you OP for your post. Had a few quick questions for you.

Brief Background: -non target liberal arts/econ undergrad, captain of varsity team -4 years debt capital markets/senior fixed income analyst at bulge bracket -1/2 years associate at ER boutique, TMT/Equities

Looking to get an MBA or a full-time non-mba masters degree from a Harvard, Stanford, Wharton/U-Penn in the upcoming year.

How difficult would it be to make a jump to a L/S Equity fund, ideally getting an internship during the graduate program and then securing a full time role after graduation? If its not an MBA but a related master's degree from one of these schools, does it make that much of a difference in terms of credibility/what the funds look for in a candidate?

Thank you for your time

 

tough background as in, tough to make the transition you think?

I get what you mean about the MBA - if I had attended a target undergrad I would probably not even consider going back to school. I think having that brand name helps though...wouldn't you agree?

 
JFKCFJ10:
Hey thank you OP for your post. Had a few quick questions for you.

Brief Background: -non target liberal arts/econ undergrad, captain of varsity team -4 years debt capital markets/senior fixed income analyst at bulge bracket -1/2 years associate at ER boutique, TMT/Equities

Looking to get an MBA or a full-time non-mba masters degree from a Harvard, Stanford, Wharton/U-Penn in the upcoming year.

How difficult would it be to make a jump to a L/S Equity fund, ideally getting an internship during the graduate program and then securing a full time role after graduation? If its not an MBA but a related master's degree from one of these schools, does it make that much of a difference in terms of credibility/what the funds look for in a candidate?

Thank you for your time

a good friend of mine was in a similar situation...i suggest going after a BB equity research role (i see openings fairly often from guys who leave those seats to goto buyside funds). So, you want to fill one of those openings...and then after 2-3 years you will be eligible for buyside recruiting yourself.

just google it...you're welcome
 

Thank you for your response, faceslappingcompilation I appreciate it.

Do you think still going to grad school at a H/S/W would help secure a summer internship at a BB equity research shop, then turn that into an offer, work 2-3 years, then start looking to move to a L/S Fund?

 

Hey OP - I wanted to get your thoughts/advice on how I could pivot into the HF space. My brief background: * Econ/Finance undergrad * Completed 3 levels of CFA * Breaking Into Wall Street completion
* Been working at an endowment for 2.5 since graduating. Cover equities, credit, and hedge fund strategies

Do you think I need to pivot into a more technical role before I can jump into a hedge fund? Could be equity or credit oriented roles. I feel like I have a compelling background and more than capable of doing the job, but I don't have the IB training. Would love to get your advice on this!!

Thanks.

 

I am in a very similar situation. Non-target undergrad in finance. I have been working at small, long only buy-side firm (less than $1 billion) in the midwest for 2 years as an intern then an investment analyst (generalist) doing fundamental research on global public equities. I just took level 3 of the CFA. Would love to have a talk with you about the recruiting scene, exit ops, comp expectations, etc. PM me if you get a chance.

 

Thanks much for the AMA and the helpful info you’ve given so far. Question - Do you look at people from non-traditional backgrounds to go into HFs? For example, working at a large private credit fund looking to transition to a special sits/distressed/deep value fund? Thanks mate!

 

Hi - appreciate the Q&A and have enjoyed following along. I'll ask the same question I've asked on the forum before, but suspect you may have better insight than the average monkey.

How difficult do you think it is for a good long-only analyst to transition into a fundamental role at one of the bigger platform shops? Experienced hire, post-MBA with 5-7 years of coverage experience at the analyst level. Usually the first couple rounds of interviews with these firms are smooth sailing, but my experience has been that the PMs ultimately have trouble visualizing a long-only analyst being effective on the short-side, and they want someone who is more "plug and play". Idea turnover might also be a perceived weakness? Any advice for places with a reputation for looking across to wider range of backgrounds?

Thanks!

 

Not the answer you’re likely wanting to hear but just keep taking conversations and develop competitive short case studies on your own. It’s about knowing the right funds at the right time. It’s a hard market to recruit in for even traditional transitions never mind the more opportunitic ones like yourself. Drop me a DM if you want to chat through it fund by fund. Cheers.

 

How do corporate folk place at HF and PE, those with both Corp fin + business (marketing, sales, product, etc) experience? Does an MBA make a big difference for them?

 

Hey Ekoa,

Thank you so much for creating this thread.

As an undergrad who accepted a job in a BB in NYC from a non-target, but is now curious about things outside the PE / VC spaces, are there any quintessential books you'd point to for really understanding the space & roles?

Thanks!

 

Thanks for all the details on this topic. Do you have any recommendations on recruiters for someone coming from a flow trading role in physical commodities trading shop (Vitol, Trafigura, Glencore type companies) to move to similar roles in some NYC hedge funds with a macro or commodities focus?

When old Mr. Partridge kept saying, “Well, you know this is a bull market!” he really meant to say that the big money wasn’t in the individual fluctuations but in the main movements, not in reading the tape but in sizing up the entire market and its trend
 

That would be great. I will DM you right now. Thanks.

When old Mr. Partridge kept saying, “Well, you know this is a bull market!” he really meant to say that the big money wasn’t in the individual fluctuations but in the main movements, not in reading the tape but in sizing up the entire market and its trend
 

Hi there, thanks for posting this! I recently applied to a hedge fund and they asked me to list my SAT scores (as I am sure many do). The problem is I can't for the life of me remember what they are, and I cannot find access to them via College Board or my school. I can make a guess that for sure won't be on-point with my real scores and I can't submit the application until I fill out this field. I am worried that if my guesses are inaccurate, they will request proof of scores and it will make me look bad. Will they verify them? What is the best thing I can do? Thanks again!

 

Bit of a different question.

So, I've talked to a lot of recruiters over the years. Most have been pretty useless/ repetitive. Some I like to check up on once in a while (or if they have an opportunity listed).

Do recruiters get annoyed when they sense you're using other recruiters? Is there buzz if your resume is showing up in different places from different people?

I get the feeling most recruiters are treating our relationship as completely transactional anyways, but every once in a while I shoot someone an email, don't get a response, and wonder if they decided they hate me for some reason.

 

Greatly appreciate the insight of this QA and your willingness to take the time to answer our questions. I'm out of PMs, so if you could PM to connect I'd greatly appreciate it.

ps - Not looking to use your connection for a job right now, just a connection for the future. Thanks!

Don't @ me
 

Hi Ekoa I am about to graduate with an MEng in BioProcess Engineering, and I have one year of experience in engineering consulting for the Pharmaceutical / Biotech Industry. I have thought myself python to a reasonable level, and over the past year, I have used both it and VBA to generate complex models.

I am hoping to change career and try to break into the finance industry. To aid this, I have undertaken a short diploma in trading to give myself a basic understanding of how the markets function.

With this background is there any way I could pivot myself into a trading/equity research role? I am hoping to avoid enrolling in a second master program!

Any guidance would be much appreciated!

 

Thank you so much for taking the time to make this post!

I'm passionate about investing, and really working at a HF or PE fund is a secondary goal for me, with my primary goal being to develop my abilities as an investor and read as much as possible about markets, primarily for enjoyment but this of course also builds a body of knowledge.

That said, I would be grateful to hear your insight regarding a good path for me into equity-focused or distressed HF roles.

My brief background:

  • T20 LAC undergrad (non-target)

  • internship at PE firm (~$1bn fund size, $2-3bn AUM)

  • summer analyst in IBD at MM IB

  • have accepted full-time offer at aforementioned MM IB

I am currently thinking my next move will be to lateral to a BB or EB. I feel better about going into the lateral recruitment process knowing now what the job of a banking analyst actually entails.

Thank you so much for any insight you can provide and for taking the time in general.

 

Hey! How feasible is it to move from AM to HF provided you work at an established large fund with more than 300bln in AUM? Also, which track is it best to take in AM given one's ambition to eventually join a HF, should one go for the PM track or the buy-side equity research track?

 

Hi OP,

Thanks for taking the time to answering the posts. I've read through these and it's been really helpful so far.

I know I have a pretty terrible background but figured I would post it here, and wanted to get your take on next steps:

-graduated non target econ undergrad -2 years public finance banking -6 years ops in AM -completed 2 levels of CFA

Trying to make the transition to a growth equities HF (focused more on tech). Also on the west coast. Any suggestions for how to re-orient myself appropriately?

Thanks in advance.

 

Et earum ipsum facere et quod eum dolores. Est qui laudantium iusto libero pariatur. Repudiandae nostrum et vel rem qui sint. Optio ullam esse et facilis impedit aut illo repellat. Consequuntur hic nulla perspiciatis vel.

Aut architecto ullam suscipit facere. Nihil aut voluptatum corrupti aut doloribus cupiditate sapiente. Corrupti et id aut qui ut minima tenetur sequi. Ipsum quia maxime molestiae aliquam cumque perspiciatis omnis qui. Nisi vel ut aut.

 

Sequi impedit minus voluptatibus rerum facilis libero repellendus. Eius non minus porro laboriosam voluptatum veniam. Unde consectetur accusantium et labore deleniti hic laudantium. Architecto iste temporibus dolore iste rerum quisquam.

Omnis dolor incidunt libero nam. Suscipit aut voluptates tempora facilis quidem. Quo qui consequatur quo aut eaque. Eligendi ut adipisci velit nostrum ut eos. Corporis debitis fugit aut id illo et.

Aliquid dolores ut consequatur harum. Quos sequi et nam fugiat cupiditate quam eos.

 

Ex ut quia nam aut quo architecto. Aliquam porro illum quidem rerum. Omnis ex assumenda alias cumque quae facilis inventore.

Nam odit recusandae harum reprehenderit dignissimos. Sed dolore sunt provident esse ea. Voluptates quo qui est nisi mollitia. Molestias molestias sunt provident et.

 

Adipisci qui sint doloribus ipsam numquam. Id laudantium rem ad at enim accusamus. Qui vero in maiores harum qui cupiditate. Maxime omnis distinctio totam pariatur perferendis aperiam facere corrupti. Vero cum ut aliquam recusandae.

Reiciendis ipsum distinctio enim commodi vel quidem animi. Quaerat quia mollitia quos dolor omnis perferendis ipsa. Praesentium architecto eaque eaque consequatur harum voluptate vero.

Persistency is Key
 

Quod vitae voluptate mollitia. Corporis cupiditate laudantium dolores reprehenderit inventore laboriosam. Id ex cumque et ad ad voluptas suscipit tenetur.

Repellat repellendus ad nisi debitis minus expedita. Voluptatibus et sed accusantium et. Aspernatur illum qui magnam dolorum molestiae. Et accusantium expedita aperiam vitae est saepe.

Ratione eos laudantium repudiandae saepe. Similique vero nobis corrupti quam et. Natus voluptas est labore cumque cumque labore eos.

 

Ut eos neque earum neque quasi consequuntur. Accusantium vel dignissimos laborum sapiente totam rerum. Adipisci fuga quia dolor magni.

Sed et soluta molestiae voluptatum. Ut fugiat voluptas rerum. Ut consequatur soluta libero iusto commodi magnam qui. Praesentium voluptatem sit qui consequatur nam dicta.

Omnis accusantium neque dolores. Blanditiis sint expedita et sit magni enim molestias. Eaque nostrum necessitatibus aspernatur distinctio explicabo.

Et et quia aut iure repellendus sit qui. Dicta cumque et deserunt. Repellat asperiores et eaque minus. Neque et est nobis nisi mollitia. Dolore est cumque esse laboriosam libero. Non officia laboriosam facilis voluptates cum corporis odit.

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

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...”