1/3/17

I am starting this topic because I want to know from people in the hedge fund industry now what I can do in my high-school and college careers to maximize my chances of being successful at landing a job at a hedge fund. Also if anyone has any insight specifically on how to get into a hedge fund with macro strategy that would be great.

Thanks again

Comments (17)

1/3/17

Hedge Fund Interview Course

1/3/17

Dear zanderman,

Thank you for your suggestion but the thread that you linked is mainly talking about college and majors. I created this thread because i was looking for tips on how to network and things like that.

Thanks again,
2007wasBad

Best Response
1/3/17

Honestly, networking should not be your priority yet when you're still a freshman in high school. At this stage in your life, pretty nothing you do will matter to your post-college career except your SAT and what college you end up getting into.

1/3/17

yeah

When a plumber from Hoboken tells you he has a good feeling about a reverse iron condor spread on the Japanese Yen, you really have no choice. If you don't do it to him, somebody else surely will. -Eddie B.

1/3/17

I think you need some exposure to the markets. Try to get a job and save up some money (400-500 dollars) and buy into some stocks, and try different strategies. I think trading is important to smooth out the emotional bumps that new investors experience along with being able to see how the markets function. If you are a macro trader, invest in ETFs (like the ones that replicate the Dow, S&P, etc...) and see how you do. I am a junior in high school and am trying my best to network and invest as well. To anyone, let me know if you have strategies for networking.

Thanks,
DavidShak

1/3/17

Dear DavidShak,

Thanks for the tip I will defiantly work on getting exposure. I have experimented on investing simulators with fake cash and done well. This summer I will hopefully begin using real money.

Thanks again,
2007wasBad

1/4/17

When I get back from my holiday I'm going to finish up my stock pitch (on a small cap) and send it to some mutual funds and hedge funds in my city and hope I can create some contacts in high school. I will keep you guys updated.

Guys like Martin Shrekli got in the industry early by approaching hedge funds directly with stock pitches, thats the path I'm going to take before I get into Uni.

Funnily enough I made a post about it and got some helpful responses (you can go through my history and find it) and got some good advice about where to start in terms of reading books etc. In the past 6 months I have gotten a lot of help from reading from highly regarded people who have held prominent positions in the HF/AM industry.

1/3/17

If you're a freshman in HS, like someone else said, you need to do everything you humanly can to get into a target school. Networking, trading on the side, none of that is relevant compared to being at a top university. Fact of life.

If you're at HYP, hedge funds you've never heard of that pay 200k+ out of undergrad will throw you interviews like candy. If you're at a non-target, you'll never get those opportunities. Furthermore, unless you go to HYP, it's pretty unlikely you'll land a legitimate hedge fund out of undergrad. The normal path is to do IB for two years and then go to a HF. You could do this from a top non-target (Michigan, Wash U.), but again it's much easier to do at HYP.

Good luck.

1/3/17

1) have fun
2) don't get in trouble (kinds that goes on record [even then-can get through it])
3) get good grades
4) be a good person

why a macro fund by the way

1/3/17

I like how macro funds look at the big picture and do a lot of different things, they seemed to stick out. Is there anything that is bad about them?

1/4/17

Well not really, but from what I've read the traditional Macro strategy is becoming less effective with more and more Quantitative Easing done by the big central banks (which destroys currency trends, a massive part of the Macro strat).

In the 90s Macro funds accounted for around half of total hedge funds and in 2006 Macros accounted for around 6% of HFs, no idea what that figure is now.

They aren't as big of a player in the HF now and finding a job out of college is a real challenge let along in seemingly decreasing strategy type.

Also what type of Macro are you into to? Systematic or Discretionary (relative value eg)?

However it seems Macro funds outperform most other strats in equity downturns, which I think will happen in the near future which could spark a revival of the strategy (highly doubt it though)

1/4/17

I like discretionary funds, they look to be more interesting. I know that in recent history these funds experienced problems because of how highly leveraged they were.
Thanks for your comment,
2007wasBad

1/3/17
  1. Get good grades and a good SAT. Work a summer job, and work a lot of hours - and do it in something that forces you to interact a lot with people. Will help your social skills and working the long hours will give you credibility later in life (plus some extra spending money which is a bonus)
  2. Go to the best school you can get into. Open a trading account. Start trading those HS savings. Watch CNBC. Learn a bit about the market and follow the news (WSJ, FT, etc). Network.
  3. Get an IB internship - accept the offer from the best bank you can (GS, MS, JPM) and of those choose the best group
  4. Begin interviewing at hedge funds 6-9 months after you start your investment banking gig
  5. Leave for the first hedge fund who gives you an offer. Good luck!
1/3/17
hfanalyst123456789:

Get good grades and a good SAT.

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Is it sinking in yet OP?

1/4/17

Thanks for your comment!
It has definitely sunk in.
Is a school like Notre Dame considered a target school or are only Ives considered a target school? I ask this because with my current grades notre dame is a school I know I could get into but Ives would be a bit of a reach.

1/4/17

You need to get good grades and a good SAT.

1/4/17
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