Best place to start?

Gents,

Out of undergraduate, is it better to start your career as an investment analyst at a macro fund like Bridgewater or to work somewhere more quant focused like DE Shaw?

I am looking at this from a development perspective--I am not sure what I would like to trade in the future, but I want to pursue the experience that provides the best training/future opportunities.

Your thoughts are appreciated.

 
Best Response

If you are graduating with a math or technical background, it's always easier to start quantitative and more more qualitative. I started in fixed income and moved to equities, for instance. The other way around would have been harder.

That said, you ultimately make your decision based on the choices in front of you. I had an offer to be a developer at Microsoft or to work in analytics at (what was then) a household-name investment bank building a pricing system. I chose the investment bank because it ultimately offered a better opportunity- even though it's easier to move from Microsoft to Morgan Stanley than it is the other way around.

 

Atque quidem dolorem natus voluptates harum. Debitis occaecati officia numquam dicta ratione aliquam. Animi vel rerum iste autem nostrum. Totam iusto reprehenderit et enim voluptatem mollitia. Dolor natus corrupti repudiandae.

Dolor molestias iste et id dolores. Et nisi a voluptatum nulla. Et et eos nihil autem unde perferendis. Qui minus molestias laborum aut nam iusto sapiente.

"The higher up the mountain, the more treacherous the path" -Frank Underwood

Career Advancement Opportunities

May 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

May 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

May 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

May 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 (23) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (251) $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
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
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...”