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Wall Street Oasis » Forums » Hedge Funhouse
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Bridgewater Associates?
 

Hamiltonian Path's picture
Hamiltonian Path
      IB
 
(Chimp, 10
 
Points)
 on 10/10/09 at 11:02pm

Hi Everyone,

I'm applying to Bridgewater Associates, but don't really know much about it. What do you all think - is it a good place to start one's career?

In the short run, I'm concerned about pay. In the longer run, I'm concerned also about how the name looks on a resume or on an MBA app.

Thanks.

  • bridgewater associates
  • Hedge Funhouse
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jkay121's picture

Pay is around 100K and

jkay121
      IB
 
(Senior Chimp, 27
 
Points)
 on 10/11/09 at 2:36am

Pay is around 100K and prestige is equivalent (perhaps higher for uniqueness reasons) than working at a BB.

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faisaljafri's picture

BW

faisaljafri
      IB
 
(Chimp, 1
 
Points)
 on 10/11/09 at 11:16pm

Hey I have an interview with BWA for the Data Analyst position next week. I read your posts regarding passing the first round. Would you be so kind enough to let me know the kind of questions they asked please?.
Thank you.

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dunston17's picture

extremely strong fund, $37bn

dunston17
      IB
 
(Gorilla, 626
 
Points)
 on 10/12/09 at 1:27pm

extremely strong fund, $37bn AUM and recently ranked the best of the big hedge funds by institutional investors:

http://dealbook.blogs.nytimes.com/2009/09/02/bridg...

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UBmonkey's picture

I'd like to hear more too,

UBmonkey
      O
 
(Senior Monkey, 97
 
Points)
 on 10/12/09 at 3:15pm

I'd like to hear more too, i've been wanting to apply to their operations associate position anyone have insight on pay there?

Hows the mobility once inside? and what do other hedgefunds think of Bwater since it is from what i hear different

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Hamiltonian Path's picture

Thanks for the replies

Hamiltonian Path
      IB
 
(Chimp, 10
 
Points)
 on 10/14/09 at 11:04am

Thank you - it apparently seems like a place with a strong record and reputation. I'd still love to hear more from those who know about Bridgewater and the financial services sector in general.

For those who've asked about what interviewing is like: I only know what I do from alumni friends who went through the Investment Associate recruiting path. For first rounds, it's a group debate. You're asked to pick a topic (one that doesn't require vast background knowledge, like "Television hurts American community") and debate it with 6-8 other people. Depending on how the group dynamics are, as few as zero or as many as half of the group may be called back for second rounds. I know less about second rounds, but they're supposedly similar in style.

Very different style than most firms, but I think they're just trying to gauge your raw horsepower when in a group setting. Who knows? Given that the traditional interview is a notoriously bad predictor of on-the-job success, maybe it's a smart shift.

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In reply to Hamiltonian Path
dunston17's picture

very interesting. i've never

dunston17
      IB
 
(Gorilla, 626
 
Points)
 on 10/14/09 at 1:48pm

very interesting. i've never heard of such an interview style. do many other funds also have such unorthodox interviewing set-ups?

anyone know more about bridgewater's interviews and job/work culture specs?

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Hamiltonian Path's picture

Bridgewater -> MBA

Hamiltonian Path
      IB
 
(Chimp, 10
 
Points)
 on 10/14/09 at 11:30pm

Anyone know how Bridgewater positions someone for an MBA / how top MBA schools would see this on the resume?

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In reply to Hamiltonian Path
ideating's picture

...

ideating
      O
 
(King Kong, 1,548
 
Points)
 on 10/15/09 at 12:02am
Hamiltonian Path:

Anyone know how Bridgewater positions someone for an MBA / how top MBA schools would see this on the resume?

If you work at Bridgewater and you want to stay in finance, you don't typically go back for an MBA.

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propeller's picture

silence...

propeller
      IB
 
(Chimp, 1
 
Points)
 on 10/20/09 at 9:13am

I had my last interview with them three weeks ago. All looked fine...

I have not heard a peep ever since...If they do not want me, why don't they call or email me? Or if they want me why don't they send the offer? Should I contact them or just wait around?

Thanks!

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Kanon's picture

If it's been three weeks and

Kanon
      O
 
(King Kong, 1,504
 
Points)
 on 10/20/09 at 9:33am

If it's been three weeks and you haven't heard anything... that likely means you've been dinged. Firms don't always call back if you've been passed.

But, you should just follow up with them regardless. If you call and they tell you you're dinged, you can maybe get feedback on why... or at the very least get closure. On the chance you're not dinged, then you've followed up and shown interest in the role by following up. 3 weeks is a long time before following up though.

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In reply to jkay121
Ovechkin's picture

Hold on

Ovechkin
      O
 
(Senior Monkey, 78
 
Points)
 on 10/26/09 at 2:00am
jkay121:

Pay is around 100K and prestige is equivalent (perhaps higher for uniqueness reasons) than working at a BB.

Huh? He didn't even specify a job title/description and you're giving him a salary figure? And prestige is higher than doing exactly what at a BB? Do you know what you're talking about?

I interviewed with Bridgewater and was asked back for a second round, but I turned it down. The culture is odd in many respects. Please visit their website and read the letter written by Ray Dalio. Something just seems off.

The number one attribute they were looking for was somebody who was going to question processes, question this, question that and generally sink his/her teeth into the conventional wisdom and suggest ways to make things better.

All of this is well and fine, but I'm not one who necessarily thrives in a culture with such a "flat" hierarchy (really a lack of any hierarchy). They seemed to be obsessed with ensuring that I was going to throw in my two cents on everything, which makes me wonder if I'd be working with a bunch of bullshitters throwing in 2 cents, 1 cent, 2 Canadian cents, 10 Monopoly dollars, etc. in order to look good. Not sure if this makes sense, but I hope it helps you.

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mrc49's picture

Interview Style

mrc49
      O
 
(Chimp, 1
 
Points)
 on 10/26/09 at 2:58pm

I interviewed with them for a Client Service role a few months ago. They did not invite me back for a second round interview, but after the first round I didn't want to work there anyway.

Big egos and probably some major BS hidden behind some ridiculous terms like brutal honesty or aggressively searching for the truth. I completely agree with Ovechkin, read Dalio's writings and info on the website. Then go interview. It will open your eyes about the place. And be prepared for AGGRESSIVE questioning. Don't even bother trying to finesse.

I give them credit for trying to judge ability and fit in novel ways. I also give them credit for caring enough about their hiring process to be thorough (I was there for >6 hours and pretty sure that less than 1 or 2 other people from my group stayed that long).

Basic answer: I don't think they acted like what Dalio writes about culture.

Mike Coggins, PhD
Dept. of Cellular and Molecular Physiology
Yale University

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bloom001's picture

silence / if its been three weeks

bloom001
      IB
 
(Chimp, 1
 
Points)
 on 11/5/09 at 6:21pm

propeller,

did you ever reach out to BW about your status? I went through three rounds of interviews with them over the course of two months and a couple weeks ago they asked for references. But I know BW hasn't reached out to them, so I'm still waiting on the sidelines.

As for the culture and philosophy, I think they have good intentions but I'm sure the message and the intent get sidetracked by BS and misguided conversations/arguments. It is refreshing to see a corporation attempt to operate with meritocracy as the foundation...

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bcbunker1's picture

They could care less if you

bcbunker1
      ST
 
(Orangutan, 295
 
Points)
 on 11/6/09 at 12:16am

They could care less if you know anything about investing for their investment associate position. in fact, they put both investment associates and management associates in the same interview. weird huh? all they care about is whether you are argumentative or not.

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drexelalum11's picture

-

drexelalum11
      O
 
(Neanderthal, 3,635
 
Points)
 on 11/25/09 at 10:04pm

Anyone had any luck getting an internship interview with Bridgewater if they don't come on campus?

Modeling Training
Finance Interviews Guide
Resume Review

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Tn11's picture

I just received an email for

Tn11
      O
 
(Chimp, 5
 
Points)
 on 11/26/09 at 4:52pm
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leor491's picture

Wow! So many comments

leor491
     
 
(Chimp, 2
 
Points)
 on 12/25/10 at 1:38am
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leor491's picture

The guy continues to grill

leor491
     
 
(Chimp, 2
 
Points)
 on 12/25/10 at 1:40am
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  • Is anyone familiar with this firm? Started by 3 experienced guys in the media industry. Looks like they've done a couple notable deals in the past 2-3 years. How big is the firm (esp. analyst & associate level)? How is the dealflow? Do they only have an office in SF? Thanks in...
    CODE Advisors
  • Hi everyone! Some of you may remember me, I stopped posting on this forum about a year ago because I got tired of the site for a number of reasons and it wasn't worth it for me anymore. However I'm a big believer of giving back, and I did learn a lot from this site and from a few of the...
    Q&A: 1st year BB London Rates Trader Taking Your Questions
  • This question is regarding background checks and references. I worked at a boutique IB and want to use my old boss as a reference. However, my old boss no longer works at the boutique IB anymore. Is it still acceptable to use him as a reference, or will employers want a reference who still...
    Reference no longer works at firm
  • I'm a student currently deciding between attending either Tulane or Uconn as an incoming junior and wanted to get a picture of which would be better from a recruiting standpoint. Tulane will cost $14K more total over the next two years, or 7K more per year, but in either regard I will still...
    Tulane vs. Uconn
  • 1:41pm: Buy 200 shares WFC @ $41.10 on 99% margin. Currently down $87.98 + $0.90 interest. I normally stay away from margin. I was having a good day and got cocky. Today wiped out a week's worth of profits for me. Note: I swing trade with some day trades thrown in. What would you...
    I Made a Stupid Bernanke-Inspired Trade: Exit?
  • Hello everybody, I just finished up my sophomore year at a semi target and now am trying to choose an internship which will best position me for IB recruiting next year. I'm trying to decide between two internships - one is a credit analyst position at a commercial bank where I would...
    Which internship?
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<em>Mod note: make sure to see the great comment below by CompBanker</em> I come from a small town where nobody had ever heard of consulting or IB. I was fortunate enough to attend a top target college (a good Ivy) and land a gig in IB at a BB/EB. I'm starting full time this...
Finance Culture - Personalities
<strong>Background</strong> I randomly discovered WSO nearly seven years ago just weeks after I secured a FT MM IB position. The website was extremely nascent at the time with only a few thousand registered users. The majority of the users were college students with only a handful...
How WSO has enhanced my IB/PE career
<em>Mod note: <strong><a href="http://www.wallstreetoasis.com/faq/what-are-the-best-qa-threads-and-interviews-with-top-finance-professionals-on-wso ">Click here</a></strong> to see all of our q&a's and interviews</em><P> I figured I...
Open for Questions - Equities in Dallas
<em>Mod Note: This is a syndication from Jared's Daily Dirtnap daily market newsletter. WSO readers qualify for a $100 discount...just email [email protected] and mention "WSO Monkey Discount" You can follow Jared on twitter at @dailydirtnap</em> This one has...
THE LAST MILE
Hi everyone! Some of you may remember me, I stopped posting on this forum about a year ago because I got tired of the site for a number of reasons and it wasn't worth it for me anymore. However I'm a big believer of giving back, and I did learn a lot from this site and from a few of...
Q&A: 1st year BB London Rates Trader Taking Your Questions
After over one year in the making, the <strong><a href="http://www.wallstreetoasis.com/2013-wso-compensation-report-full">2013 WSO Compensation Report</a></strong> is here! Access to the FULL 108 page 2013 WSO Compensation Report is <strong>100%...
2013 WSO Compensation Report has Arrived
When I first started as a PE analyst, I constantly struggled with judging the amount of time I should spend on reviewing sourced deals. How much time is enough to really get a handle on the company’s revenue streams? How granular do I need my analysis to be on industry threats? With this...
Misguided Efforts: A Cautionary Tale
Fellow Primates, We are looking for 1-2 students on each campus to help WSO in its sales efforts to student clubs/career centers, and overall promotion at your school both online and on the ground. Below is a description of the position and benefits...thanks in advance for your help! <a...
WSO is Looking for Campus Reps For Summer/Fall 2013 (and beyond)
Many of the questions that have come in surround recruiting for front office Wall Street careers from a non-target so we’ll start with some ideas for recruiting, move on to interviewing, preparing for the job and finally long-term career management advice. Before we begin, it has been...
Stand Out as a Non-Target: Recruiting (Part 1 of 4)
Any Asset Management people here who could give me some insights on it, such as the nature of the work, the pay, the hours, the potential for career advancement, ect? I was looking into IB before but I've decided that I would rather pursue a career that's more intellectually...
Asset Management a better choice than Investment Banking?
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