[throwawaymath]

You're talking about banking. I think the context of the original question is actually the buy side, because that's the comment you're replying to.

I have not seen any of the typical sell side grind common to investment banking among hedge funds. New grads hired to reputable hedge funds typically work comparable hours to their friends who work at Google/Facebook. They might earn 20 - 100% more though.

[airstrike]

Most of the time, people go to hedge funds by first working as analysts for 2-3 years at a bank

[throwawaymath]

That's not really how it works for software engineers/quants. But in general, yes.