Polyamide 6 (PA) and ethylene-propylene rubber with maleic functionality (EPMA) were blended in a batch mixer. EPMA anhydride groups react with amine chain ends of polyamide and form a grafted copolymer at the interface. The molecular weights of the grafted PA and of the free PA were measured. The molecular weight of the free PA decreases during the processing. This effect is due to the hydrolysis of the PA consecutively to its reaction with anhydride groups. The molecular weight of both grafted and free polyamide decreases during the processing. Moreover, the molecular weight of the grafted PA is lower than that of the free PA. At constant mixing time, a high conversion level produces grafted PA with a higher molecular weight. This is the result of molecular weight segregation for interfacial reaction. Small molecules react faster at the interface than larger ones. If we compare experimental results with model predictions, two segregation regimes are observed. For high shear and low EPMA concentrations, dispersion is very fast; the segregation only depends on molecular elasticity. In this case, the best correlation between model and experiment is obtained for low interfacial thicknesses. For low shear, or for EPMA concentrations close to the phase inversion composition, the segregation is more noticeable, which is mainly due to the diffusion of macromolecules through the brush of already grafted molecules. In this case, there is a clear competition between the compatibilization and the grafting reaction. Molecular weight segregation gives low ratio of the grafted PA molecular weight to the free PA molecular weight. This is detrimental to interfacial properties of the grafted copolymer formed by melt reactivity. Strategies are developed to improve this ratio in order to investigate its influence on the mechanical properties.