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Are there any good hedge funds that will recruit straight from an undergrad school like Wharton or Harvard?

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Comments (109)

  • fourkingsplus's picture

    Hedge fund jobs are, contrary to popular belief, not terribly difficult to get. Entry-level HFs don't pay the millions per year that HFMs make, but they're competitive with IB and have shorter hours. Your school matters a lot less than in IB but your major and GPA matter more; a 4.0 math major from Michigan is going to beat a 3.4 econ major from Harvard.

  • jajaja's picture

    i don't know if a math major will do well. The quant funds want PhDs, not undergrads. They don't need that many analysts either. A debt fund would require a lot more business sense that strict numbers brilliance. Most math geeks would flame in these jobs (doesn't mean that those that are good at both numbers and the other required skills won't be in high demand...)

    What is your authority to post on this subject anyway? do you work in the field?

  • fourkingsplus's picture

    I know of a couple people who started hedge funds and about the general pool from which they hired. I do not work at an HF right now but I've considered the career.

    Most of the mathematics used at such places can be learned at the undergrad level, applied side. The draw of the PhD is the indicator: general intelligence. The degree itself doesn't matter, and those who can establish sufficient intelligence otherwise are usually considered admissable.

    I didn't, of course, say that the hypothetical 4.0 math major from Mich would be a walk-on for the job, but only that he'd have a better shot than the Harvard econ kid, who might have an edge in IB.

    • ?
    • (Chimp, 0 )
    •  on 8/15/06 at 8:38pm
    Anonymous Monkey's picture

    What are the top debt funds?

  • breakthrough's picture

    My hedge fund hires right out of college.

  • MikiLzrd's picture

    im sure you don't want to name it for obvious reasons, but what schools do they target and which majors do they like?

  • mkt228's picture

    tons of hedge funds recruit - but your training experience will not be as structured as from a bulge bracket

  • BenS's picture

    Do the hedge funds expect you to go to business school after 2 years?

  • breakthrough's picture

    I am only at intern at a Dallas hedge fund right now, but my boss suggested that even though there a few analysts/traders straight out of undergrad that work here, he would prefer me to do a 2 year stint at an IB and then they would take me back, situation permitting. I have kind of accepted my faith of "having" to do Investment banking, though i am looking forward to it, but not the hours. Actually, since I do a lot of shit for numerous departments here, I kinda got used to working long hours. But nevertheless I am currently loving the atmosphere of hedge funds and the people that I work with.

  • MikiLzrd's picture

    what do you do for the hedge fund?

  • breakthrough's picture

    Well, my main job is with the Credit Strategy Group. But I also help out for Operations, and I do end of day reports, just to get more hours. :)

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  • GGecko's picture

    Btw, Citadel does hire undergrads

  • GGecko's picture
  • aznwolvie's picture
  • bosox86's picture
  • ibankman's picture

    Would an accounting grad with a MACC be a good candidate for a HF position?

  • kynnad316's picture
  • kynnad316's picture
  • kynnad316's picture
  • Anacot Steel's picture
  • Anacot Steel's picture
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  • Anonymous_fella's picture

    Anacot Steel has gone
    bananas. lol

  • NPJerra's picture
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  • Distressed's picture
  • cvh1717's picture
  • In reply to cvh1717
    al07's picture
  • In reply to aleks
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