Hey all, posting on behalf of a friend, but am also interested.
Yes this is another grad looking at> /PE thread, but it's with the best intentions (ie. experience gained through genuine interest in the role, not just money to be made).
How foolish is it to enter finance (FICC S&T, economics research, whatever) with the intention of moving to a Global Macro Hedge Fund a few years down the line?
It's not that my friend doesn't want to do S&T (on the contrary) but he thinks in 5/10 years time he'd rather be in a hedge fund, but that the few years experience would be i) insightful and ii) enjoyable.
There's a lot of chatter on here that S&T 'leads nowhere' and 'pidgeon holes you'. I've seen comments that if you don't like S&T you're screwed because you have no transferable skills.
On the other hand I've also seen threads saying that the best way to get into Global Macro funds is via S&T at a. How do these two viewpoints tie up?
Is it simply that Global Macro funds are so small in number that it's so unlikely you will get into one, even coming from the above background?
All advice helpful, cheers guys