Bridgewater (HedgeFund) vs. Tier 2 Consulting Firm
Hi Everyone,
I graduated out of top 20 University a little less than two years back and have been working at a tier 2 consulting firm as a Healthcare Analyst. I enjoy my job and was not actively recruiting but was reached out to by a headhunter about a possible opportunity at Bridgewater.
The position itself is of a Testing Analyst responsible for conducting tests and audits of Account Management and Execution Trading Departments. Also evolving, automating, and expanding the test functions of Compliance.The jobs is Excel based with analyzing numbers and working on improving processes by what it sounds. I believe this would be a "back" office job from what I have read, maybe "middle" office.
Do you guys think it is a good idea leaving my current job for Bridgewater (I have not interviewed yet)? The job itself does not seem amazing but I will get Bridgewater on my resume. I am looking to do MBA at a top 10 MBA program within a year or 2 and I am told this would help my chances. I have also heard that Bridgewater is a pretty nasty place to work and turnover rates/high pressure tends to kill any personal growth or professional.
Anyone have any insight on this? (I also posted this in one other forum that I thought would be helpful)
Wouldn't take that job dude...Compliance testing? Sounds like a dead end. Even for MBA recruiting, wouldn't you just get looped in with all the other MO/BO guys? Kind of defeats the purpose of lateraling to improve your chances.
Compliance testing sounds like a big step down from healthcare analyst, even if you're at just a tier 2 consulting firm.
This is clearly a BO/MO job. Don't do it!
Holy shit that job sounds boring and stupid. I can't even imagine how you will make it sound impressive on a resume or for anything that has to do with your MBA process. Just because it's Bridgewater doesn't mean you should strive to be a janitor there.
Not sure what's worse... working in BO or living westport CT.
Gosh I hate head hunters. Always spinning crap like its the greatest job in the world. F em all.
Sounds terrible.
Sounds terrible.
@"ganman" is "testing analyst" the official role title or is it something else? I'm in a similar situation and can't find much info about what the job actually is or entails...
Hedge Fund or Consultant? (Originally Posted: 04/01/2010)
Got some potential job offers I'm weighing.
-Hedge Fund - Analyst role.. Base is nice but was told bonus will be low because of reinvestment in fund.
-Consulting company - One of the big 4 consulting companies working for banks/IM doing assignments as an analyst/project manager. Base is about 11% less than hedge fund. No clue on bonus.
-IM company - 6 month Temp position, helping with the workflow of the investment people (internal consultant basically). No benefits but salary would be 40% above hedge fund salary. Potential to be perm..
Any advice?
HF sounds good, but which has the best brand name?
Consulting vs. HF Ops (Originally Posted: 03/08/2013)
After graduating from a target liberal arts school three years ago, I've been working on the west coast in a marketing role but want to move to NY to pursue a role in either finance or consulting. I did the whole networking thing, yada yada, and, being realistic, I'm not a candidate for IB (maybe a very small boutique) so I'm getting a little creative. I have two offers on the table - one is at a distressed debt HF (small, around $500m AUM) in an ops role. The advantage is that it's a small fund - only 8 people currently work there so I may have the opportunity to get my foot in the door for some other roles. The other option is a consulting role at a boutique management consultancy that works with a combination of F500, start-ups, and some financial services firms (size ~175 consultants in NYC). The firm specializes in S&O, primarily focusing on tech projects. At the HF I would obviously be doing primarily ops work - clearing and settling trades, doing basic TCA, probably some administrative stuff since it's small, but I will also have exposure to trading. I feel like the work would be much more interesting at the consulting shop due to the quantitative project work and would have much better exit ops to b-schools (although the firm is small and not very well-known, they've received national recognition for some of their project work and the people there are all incredibly intelligent).
Current salary is not a primary factor as both opportunities offer similar pay grades. The question is - if I go into ops at a small HF, realistically what is the chance of moving up in the organization outside of ops (not vertical advancement - I'm thinking more of a transition to trading). Most of the heat ops takes on these boards seems to be ops at banks, which I'm sure is much worse than at a small HF, especially in terms of quality of life. Anyone have any insight as to whether ops > trading or ops > research would be realistic?
Part two of the question is, in terms of educational exit ops, I'm sure the consulting role would by far eclipse the ops role, but does anyone now if this is definitely true? Do b-schools also look down at ops because it's a "non-quantitative" role?
Any insight would be very helpful. Thanks!
go with the consulting, you don't wanna do ops work. Its dead end. The thing with ops is that you don't really need much education or intellectual horsepower, and b-schools will see it that way.
Consulting --> B-School --> HF is a much better opportunity than HF-Ops. You wouldn't gain any recognizable skillset whilst at it except for reconciling numbers.
Consulting any day.
Just out of curiosity how much is the salary at the consulting, And how were you able to spin your story working in marketing to now trying to do consulting? Thanks.
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