Hi All -
I've spent the last 15 years as a PM working at 3 brand name hedge funds. Trying to find an A++ analyst to join my team (ideally after 1-5 years in IBD at a top tier bank).
New firm has a strong bias against headhunters which is how I've always found analysts in the past.
Won't go into specifics here, but looking for advice on how to reach top-tier IBD analysts in other ways.
Location is NYC. Start date is ASAP (assuming we are back to work and have met face-to-face post-reopening).
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How would you go about it without getting spammed.
Sorry
Would just reach directly to analysts on LinkedIn to be honest. If they aren't interested, you can just ask them if one of their colleagues would be.
Thank you - I'm trying to avoid the 1x1 route and find a more efficient route (+ LI only allows a certain number of "cold" msgs before it determines someone is a spammer).
Looking for ways to reach a broader swath of potential candidates.
we have a talent sourcing arm exactly for this and we are about ~50% less than traditional headhunters (with about 10x the reach if not more).
It's mind boggling to me that we aren't flooded with jobs, but that is because we are horrible at marketing ourselves and the service. Hit me up and I'll send you a deck (WallStreetOasis.com>[email protected]). If it looks interesting great. If not, no pressure.
I think WSO is a nice middleground from the high end option of full service recruiting shops that will host cocktail hrs for you but charge crazy retainer and success fees and the budget option that has poor yield of posting jobs on LinkedIn and asking a few referrals.
Hope to hear from you, Patrick
It can get Spammed and not sure what their cut is but you could advertise the role on Linkedin, target university career services.
Or on company website, look at CVs sent to you previously from other candidates who've already expressed an interest
Either way, it gets you the applicants to come to you directly, unfiltered
Do you have contacts at any of the top banks? I’d reach out and try to find the best analysts that way. Would be more effective than 1 to 1. Though, typically the best analysts, with very few exceptions, have already accepted private equity or hedge fund jobs within the first year.
Maybe also look at PE associates who are in defined 2 year and out programs?
University career services could be a helpful. A lot of my former professors will send out job opportunities from former students. Maybe if you focus on a handful of top schools (Wharton etc.) to see what you get.
Thanks - that's a good idea - prob the best route so far.
post on the JOBS function of bloomberg, create the job listing on LinkedIn itself under your actual HF's name (otherwise no one will be interested) and use your personal network.
that's good but IB kids won't see it, though younger sell side and buy side kids might
agreed - banking analysts will not see BB posting.
As I'm sure you're aware it's tough to know who's an actual superstar and who got lucky with staffings just based off resume, so not sure if posting on LinkedIn / JOBS like other posters suggested will do you any good.
Really the best way is asking those who recently came from banking. That's how HHs find their candidates too – they email the analysts/associates who already have offers asking for the contacts of the superstar incoming analysts. Asking juniors at your fund for their contacts across banks should get you some solid candidates. Even if they don't know anyone directly, they can forward the message to their buddies from college working at EVR MS etc..
try posting the job on linkedin with an anonymous email if you're concerned about privacy of the firm
Just ask the Prime Brokers to send across some resumes. Some have decent talent management teams and are in the loop with what’s out there.
Primes don't know IBD analysts - they know kids who already have buyside experience. I want to train someone my way.
Ah, missed that. Always found decent shop ER associates a bit better / quicker to get up to speed whilst also not having too strong of a view on how to invest from a philosophical standpoint.
Assume you believe people pick up bad habits and sloppy ways of thinking over time hence your preference to train someone your way. Can you share what specifically you're looking to avoid?
Why don't you just ask your sales guys who is good? I've gotten every job through my sales coverage
Same problem - sales guys don't know IBD analysts - they know people with buyside experience - i don't want that.
ask your capital markets contacts
They don't know the banking analysts at their shops. Different side of the wall honestly.l
Might sound obvious, but why don't you tap any M&A VPs or MDs in your network, and ask them about their good analysts?
sounds like ExodusPoint to me? haha
Based on what? If I said I worked at a fund based in Connecticut, we assume SAC because it’s the one everyone knows? Or if I said I worked at a macro fund, it’s Moore? I was intentionally vague as not to provide any indication as to where I work.
Probably anybody on WSO has a network of younger college buddies that they can reach out to, or they can reach out to their fellow analysts. Feel free to PM me and I can let my network know.
Otherwise if you just reach out to your network at banks that could be OK, but understand the sensitivity that they are not going to hand over their best junior bankers. Another thing to consider is that the best people on paper will already have offers (~1.5 years out), so you will need to be patient with interviewing more people.
Unless you’re tied to someone with IBD experience, Columbia’s value investing program has many talents I believe
Also open to other backgrounds: PE/etc. Anyone have referrals?
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