Hi all, I need your advice. I am graduating with a PhD degree from a reputable school. My PhD is in Econ/Finance and I have quantitative and fin-math masters. Most naturally, I was considered to be a fit for quantitative analyst or trading positions, for example, the Prop Firms and Hedge Funds I contacted all wanted me to do statistical arbitrage or high frequency algorithm trading, although I am also interested in doing fundamental based or global macro based trading. On the IB side, the flow traders don't like me because they generally don't hire PhDs, unless probably if I get my PhD degree at age of 23 and am young... I want to ask which place is better for a career start, the sell side of IB, the prop-trading side of IB, or the big Prop Firms, or the big Hedge Funds? Which career path has more upside potential? What skillset do I gain in a Prop Firm? Will it help me to become a fund manager myself and a successful investor in the future? I guess I am mostly unsure about which direction to pursue, quantitative/high frequency trading or fundamental/global macro trading? What might be the upside/uplimit for a high frequency trading position? Thanks a lot!