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!!
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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?
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