IBD VS HF Graduate Programmes:
Hello guys!
I just accepted an offer from a top European HF for the summer (think Capula // Breven Howard // MAN // etc).
I like the type of work and I would like to work in the industry for some years. However, I am not sure I want to stay in the HF industry forever. So, my question is: should I continue towards a HF graduate programme or go to a classical IBD // S&T role?
Looking forward to your answer!!
| +51 | Do you regret going into public markets investing? | 28 | 3h | |
| +46 | Alta Fox - How did Connor Haley do it? | 24 | 1d | |
| +37 | RIP Jim Simons | 28 | 2h | |
| +23 | Is Quasi-MNPI The Ultimate Alpha Generator For Public Equities? | 8 | 1d | |
| +23 | Advice ahead of a pair trade presentation - HF interview | 7 | 5h | |
| +22 | Point 72 let go of seven long-short managers !! | 26 | 5h | |
| +18 | UPenn SEAS vs Cornell Engineering | 8 | 4d | |
| +17 | SM Career Trajectory | 5 | 6d | |
| +16 | PMs: move across platforms, latest terms | 15 | 5d | |
| +14 | Why are so many people here interested in Biotech? | 14 | 1h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Non of the funds you listed have particularly good investment graduate roles imo
Think Brevan, Capula, some others started intern programs and new grad rotational roles recently. Can’t say how they compare to starting from sell side or going to a macro pod at a multimanager, but if ur really into fixed income and macro starting out might be good positions
any insights on these grad programmes? Heard the European macro HFs pay like shit
why would you say so? wouldn't their grad scheme allow you to build specialised skills early on?
So you'd recommend good sell side exp?
Do what you want to do. If you don’t want to work in HF long term then why are you going to waste your time going there? Makes no sense.
If you want to do S&T then do that. But it does look pretty fucked up to go from a HF to a sell side job, looks like you were terrible at investments. HF is the exit, not S&T.
I'd listen to Axe on this one. Dude has built Axe Capital form the bottom up.
I’ve heard first hand you will be paid very well in NY. You’ll be paid like you would at a mid tier prop shop working 50-60 hours a week. Strong talent has entered Capula in particular - their analyst program has been in place for years now. Good quality PMs too. I would strongly consider taking either of those over a bank, with a preference for Capula. The bank is the safer option, pays less (with the data points I have, 40% less), but you have better optionality (not only macro/rates) and most likely better tech.
Isn’t Brevan 70k?
Id ut harum veritatis. Illum dolorum unde nobis temporibus ab culpa aliquid cumque. Architecto quia odit dolorem non neque aut vitae.
Error sit voluptas aspernatur temporibus doloribus sint. Magnam laboriosam itaque fuga voluptatem vel sunt. Et quis aut eveniet aperiam unde. Rerum optio est qui qui. Sunt modi exercitationem sit beatae maxime rem doloremque.
Eaque molestias accusamus autem consequuntur voluptatem qui ipsum aperiam. Sit eos magnam sint voluptatem sit consequuntur. Sequi eveniet eaque rem magnam ut dolor quis.
Accusantium rem labore officiis. Iusto ab et quam. Omnis eos rerum est. Aut temporibus quis voluptatem cum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...