No, switching between BB's only has (marginal) benefits for PE, and HF's are not as obsessed about pedigree as many PE firms are, so there's minimal benefit. The exception is if you're trying to switch coverage groups to position for an industry-specific HF, but I get the feeling that's not the case here.

Congrats on the offer. Enjoy senior year.

 
CHItizen:

HF's are not as obsessed about pedigree as many PE firms are

Yeah right.
"I do not think that there is any other quality so essential to success of any kind as the quality of perseverance. It overcomes almost everything, even nature."
 
Ambani:
CHItizen:

HF's are not as obsessed about pedigree as many PE firms are

Yeah right.

whoever threw monkey shit at this guy should know that this BSD has 20 years of industry experience and regularly dines with other BSDs at city lobster and steak

.
 
Best Response

ER guy here. If your goal is to learn investing, IBD isn't the place. You'll get solid exp for sure, but you're in the business of deals whereas ER is focused on bottom up analysis and development of investment theses. Having said that, IBD from a BB will position you just fine for a HF for most purposes. My nutshell recommendation would be to somehow stay on top of the markets and maybe invest some play money. Real money would be better, but as a banker, you'll have lotsa restrictions and probably no time to really dig into a company to risk real money. Besides, I don't think a HF would expect an analyst of two years to have 500k of investable assets and a 30% performance track record. The play money performance will demonstrate interest in the markets.

At work so won't go into more depth. PM me if you want a follow up or more developed answer.

 

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