Fellow Senior Associate for data at McKinsey (out of Silicon Valley, 150-185k) or Strategy Associate at DE Shaw (Hedge find out of NY,250-300k)? Better exit ops? More prestige? Please help!!

likehelpfulfunny
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So there is a 100k difference in pay. What is to debate about? DE Shaw is a great shop and the name definitely opens doors - it’s not like you are going to Sears or anything.

likefunny

Even Kmart

What do you want to do? If you want to run a hedge fund, take DE Shaw (one of the finest shops out there). If you want to get a broad based business training across industries and functions and geographies (or even be a consultant) then join McKinsey.

likefunny

Jump geos and work on destabilizing govts...

Just McKinsey things

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Thanks for the advice. I eventually want to be a PM. The McKinsey role is more technical - lost of stats and modeling while DE Shaw is strategy... My boyfriend is a fixed income analyst (I’m a woman) and he thinks the technical job will give me a better shot, but maybe I should just go to DE Shaw, work hard and an equity analyst spot will open up for me?

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Go for DE Shaw. You can learn and do anything you want.

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There is no easy road to hedge fund equity analyst. Spots don’t just “open up”. They are few, and outside of a handful of mega funds who recruit at schools, they go to known folks in networks. Hustle and network if you want that role. Go be a sell-side equity analyst or long only buy-side analyst and then move. That said, learning how to manage hedge fund at DEShaw is many folks dream job!

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PM as in portfolio manager

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