Trending Content
+42 | Compiled Bondarb's Comment History | 5 | 1d | |
+34 | T2 Hedge fund or T1 LO/AM? | 11 | 2d | |
+31 | Non-GAAP Income Statement | 6 | 1d | |
+22 | Thoughts on MMF | 12 | 2s | |
+21 | Are most HF opportunities actually not in L/S equities? | 9 | 3d | |
+19 | Top LO AM culture, comp, exit opps, etc. | 4 | 2d | |
+19 | How do you get up to speed as a consultant on finance? | 3 | 1d | |
+18 | How to Structure Bonus Comp for Analyst | 5 | 16h | |
+17 | MLP portfolio manager guaranteed payouts? | 18 | 3h | |
Joining buy-side directly at boutique AM or ER at BB for HF future? | 9 | 5d |
Career Resources
For big/ institutionalized hedge funds it tends to happen at the same time for post-banking roles. Overall, hedge funds tend to be more sporadic. Most of them start looking when they need someone and stop looking when they've found the right person, with limited regard for the 'recruiting calendar'.
My SWAG: 80% of PE opps will be had during the March - June 'season' and 20% will trickle in at other times. HF opps will be had during the same period, with >50% happening 'off-cycle'
Bump
Some places have entry-level analyst classes that are on the IB campus recruiting cycle, but this is only at the largest & most-institutionalized of managers.
Not really. It's ad-hoc as hiring needs arise. At my b-school the hedge fund jobs get posted in feb-may as funds figure out how many to hire after bonus season.
Most major funds that consistently hire analysts on a year to year basis from IBD recruit on the same timeline as PE for post-banking roles. These include a majority of the big traditional L/S, value, distressed and activist shops. However, the subset of banks and banking groups that these funds hire from is often much smaller than their PE counterparts and you won't hear of most of these opportunities unless you are in the aforementioned groups or aggressively reach out to and impress HF centric headhunters.
The rest are ad-hoc processes as others have mentioned although some of the big funds with tiny headcount that only take on a new analyst once every few years and as needed tend to move in lockstep with the general buyside recruiting process too.
Very helpful guys, thank you.
Follow up question: Who are the HF headhunters you recommend working with? Big names like Glocap, SearchOne?
As some background, current MM IB analyst looking for HF opportunities post-banking. Interested in L/S and activist.
Thanks again.
Hedge Fund recruiting timing (Originally Posted: 01/24/2010)
I know PE recruiting starts more than a year in advance of potential start date for mega-PE. What about hedge funds? When should an analyst start reaching out to headhunters for summer 2011 hedge fund opportunities? Is this process also a year in advance of potential start date?
same as PE. HF want the best so they'll usually start at the same time. (big shops that is)
what month does it all start?
1st years are just starting to meet with headhunters. Last year Citadel started in March or April I forgot. So get on your game!
do they just come after people in IB or S&T and research as well?
Laudantium eum possimus error et impedit. Omnis commodi soluta et. Aut qui iusto autem vel. Harum incidunt quis totam cum earum similique eos. Iusto voluptas omnis deserunt tempore voluptas dolor quasi.
Repellendus impedit sint et quo. Consectetur enim qui incidunt totam ut odit. Non voluptatem maxime esse ut. Nam doloremque voluptas omnis totam voluptas. Omnis sed pariatur enim est aperiam. Amet quas dolor ea animi. Tenetur est officia voluptatem numquam maxime pariatur aliquid debitis.
Velit id et nostrum et aut omnis molestias. Quisquam quidem ipsam officia dolorem officia. Officia voluptas animi nam illo et qui debitis. Et culpa ad et.
Dolores aliquam rerum ducimus quaerat explicabo dignissimos nobis. Temporibus aut aspernatur perferendis. Dolores facere ut recusandae autem. Illo quia aut similique veniam aut voluptas similique.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...