Anyone ever hired as entry level at PE or Hedge Fund?

Wondering if anyone has worked at a company in an entry level position when that company does very little if any entry level hiring. Ex: no formal training programs, no analyst classes, etc. I believe this would apply to PE and hedge funds specifically because they don't necessarily focus on entry level. So if you have experienced this could you tell me how you learned? Did you have a good mentor? Did you just shadow various people? Was it difficult? Where are you now? How long did it take to learn the models being done? Any feedback would be appreciated.

 

I just started at one. When they brought me on board they specifically told me that I was the least-experienced analyst that they've ever hired. But the experience has been pretty good up to now, albeit short. Not complaining as I'm learning by doing and I've already been asked a couple of times to "give my opinion".

 

I am interested in this as well. Mez, how did you find the opportunity to work for a hedge fund immediately out of undergrad? What kind of knowledge did they expect you to know going in?

 

I got on the good side of a PM at another hedge fund who referred me to them. Went into the interview...got grilled for almost 2 hours straight, lol, wasn't a fun experience. I thought I got dinged for sure, until they called me up for a 2nd round, and after that got my offer.

As for the knowledge they expected me to know, I had told them I as reading a few books that caught their ear (value & event-driven), plus the fact that they hired me on the expectation that I'm a quick learner (which I hope I can fulfill). I've done a lot of reading on my own and just tried to project my sincere interest in HFs/investing.

About it I guess.

 

Et voluptatem voluptates quidem esse ut. Sapiente ea voluptatibus illo architecto ipsa ratione.

Consequatur quae rerum iusto illum quia. Aliquam est neque aut est eos. Rem odit cupiditate id et.

Voluptatum esse provident natus iusto consectetur quisquam. Alias et animi quis amet commodi quam omnis. Consectetur sint quia qui ea illo. Nesciunt in ea quaerat autem quis at. Voluptate ut mollitia illum eum voluptatum. Culpa corporis sapiente ratione et rerum unde.

Career Advancement Opportunities

April 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 99.0%
  • Warburg Pincus 98.4%
  • KKR (Kohlberg Kravis Roberts) 97.9%
  • Bain Capital 97.4%

Overall Employee Satisfaction

April 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 98.9%
  • KKR (Kohlberg Kravis Roberts) 98.4%
  • Ardian 97.9%
  • Bain Capital 97.4%

Professional Growth Opportunities

April 2024 Private Equity

  • The Riverside Company 99.5%
  • Bain Capital 99.0%
  • Blackstone Group 98.4%
  • Warburg Pincus 97.9%
  • Starwood Capital Group 97.4%

Total Avg Compensation

April 2024 Private Equity

  • Principal (9) $653
  • Director/MD (22) $569
  • Vice President (92) $362
  • 3rd+ Year Associate (91) $281
  • 2nd Year Associate (206) $266
  • 1st Year Associate (387) $229
  • 3rd+ Year Analyst (29) $154
  • 2nd Year Analyst (83) $134
  • 1st Year Analyst (246) $122
  • Intern/Summer Associate (32) $82
  • Intern/Summer Analyst (314) $59
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

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
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...”