Assuming it is an RA position, would take it over IB. RAs from these programs routinely get offers from top MMs and have to be convinced to take those :)

 

RA and don't look back. If at any point in the next few years other stuff in life starts mattering to you (going out, girlfriend/dating etc) then the LO seat will look even more attractive. If not, and you can make 2/3 year stacks your life, the MMs will be hiring.

 

Doesn't make sense to slave for 2 years in IB only to join a pod as a junior. RA will be a great environment to build your foundational knowledge of companies, just make sure to carve out a well-defined coverage for yourself, don't become a beta index-hugger, finish the 3/5Y programme and you should be able to get a sleeve at a pod for the real $$. Only undergrad MM HF seat I'd consider in your position is P72 Academy since you get a similar 3Y runway as an analyst there + more junior pay. But make sure it's really D&C/Cap Group tier because I don't think MMs would really look at folks from second-tier LOs.

 

Qui aliquid aperiam voluptate molestiae fugiat quas eum nam. Labore reprehenderit aut eaque. Perferendis possimus quidem sit dolores vitae ducimus.

Non eaque vel autem ab sunt voluptas. Autem et quidem ab. Aut omnis voluptatum consequatur veniam mollitia officia libero. Sunt ipsum veniam voluptate fugiat dolores culpa consequatur.

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