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Hedge fund from Undergrad
 

eflolfe's picture
EN
(Monkey, 35
 
Points)
 on 1/10/13 at 2:05am

Maybe I am not using the search function correctly, but has anyone had success getting into a buy-side hedge fund from a UG?

More specifically, are there firms that offer SA that convert to FT and which firms do FT recruiting?

Information including West coast firms will be helpful

couchy's picture

i know a couple but they

(King Kong, 1,387
 
Points)
 on 1/10/13 at 2:31am

i know a couple but they aren't brand name HFs. they hustled really hard and some were from non-targets. Still, i would imagine most of the people who pull this off are target school kids.

humble_dude's picture

As someone who went to hedge

O
(Orangutan, 358
 
Points)
 on 1/10/13 at 5:55am

As someone who went to hedge fund directly after school, I would say this to you: be very, very careful about the quality of the fund... obviously not all hedge funds are created equal and most of them just suck.

Kenny_Powers_CFA's picture

Only the largest hedge funds

HF
(Neanderthal, 2,201
 
Points)
 on 1/10/13 at 6:37am

Only the largest hedge funds (and only some of those, actually) have annual/systematic recruiting processes. Of those that do, even fewer look at undergrads. The ones that do are often quant-heavy (Citadel, DE Shaw) or uniquely process-driven (Bridgewater) so they care less about prior finance experience.

As the above said, the more likely option is smaller funds that recruit on an ad-hoc/relationship-driven basis, but you should be cautious about the fund and the role.

There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.

frooter's picture

undergrad to HF......same as

(Baboon, 125
 
Points)
 on 1/10/13 at 8:23am

undergrad to HF......same as above be cautious....might be tough to break out of MO/BO role; regardless of your performance; you move up based on the firm...exceptions as mentioned above are the top funds; where generally speaking all on your perfrormance

In reply to humble_dude
Oreos's picture

humble_dude: As someone who

ST
(Neanderthal, 2,563
 
Points)
 on 1/10/13 at 8:46am
humble_dude:

As someone who went to hedge fund directly after school, I would say this to you: be very, very careful about the quality of the fund... obviously not all hedge funds are created equal and most of them just suck.

this. unequivocally this! currently learning this to my peril.

junior2012's picture

i would say this... make sure

 
Points)
 on 1/13/13 at 8:09pm

i would say this... make sure you know what you're getting into
especially coming out of undergrad, I think there's a very good chance you won't be good at projecting what working at a particular fund is going to be like...

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