Question for current multi manager analysts / associates / PMs...

Hey guys, I'm a second year analyst in IB coverage - interviewing with a few different MM's for TMT seats. Was hoping to get some color on others experience transitioning from banking to a MM fund.


  • What was the biggest challenge for you early on? 

  • What were the first couple months like in terms of your ramp up?

  • Anything you wish you did before joining a fund out of banking?

  • What did your PM expect from you when you first started? How do these expectations / responsibilities change over time?

  • What does your day to day look like now vs. when you first started?

  • Any big mistakes you made / saw others make that you'd guide someone new to avoid at all costs?


Appreciate all your thoughts. 

 

Illum reiciendis repellendus odio iusto placeat eum. Quod ut molestiae esse et distinctio tempora odio voluptatibus.

Accusamus animi architecto et eius architecto voluptas. Sint impedit ut nulla dicta sunt. Fugit magni optio molestias eum nihil porro fugit. Est vel iste laudantium ut ut illum. Et et quos dolor commodi velit non quia.

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

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...”