I’m doing pretty much the exact same thing. IMO, take it and don’t look back. I don’t really understand the people who have buyside as their eventual goal but recruit solely for sellside.
I don’t want to do PE, so I couldn’t care less about IB. Best way to the buyside is to already be there.
It's getting more and more common. I'm a nontarget and landed an SA at a solid vc fund. Several friends of mine got SA's at PE, credit, etc. Not impossible by any means. Maybe 10, 5 years ago but definitely not now.
Currently a non-target kid at one of those top SMs. Honestly seems like the H/W concentration is a matter of correlation, not causation. The HFs recruiting undergrads know there is top talent (albeit in lesser concentration) at other schools, they just don't have the time/resources to find it the way banks do. If you are actually a top kid (and the bar for this keeps rising), then there are top SM HFs and MFs that will give you a look as an undergrad. Ofc there are a few who prob only accept H/W apps to make their lives easier, but overall the recruiting landscape is changing.
Best of luck. If it's of the blue owl / direct lending variety, those are much more structured and recruit reasonably frequently at younger age given it's a volume business
It ended up being one of the top managers in NY. Fucking crazy, literally hand picked senior analysts. Manager is kind of anti-IB kids and they needed a fresh junior team that they can form from the start.
In an investing role at GS/MS. Most people are from targets but there is definitely a large contingency of non-targets in well-respected investment seats. It is definitely easier to get looks if you’re at a target but if you’re smart and work hard you will get opportunities from anywhere. Know multiple people who sent thousands of emails in order to get their roles. The process isn’t easy the buy side is available to anyone if they grind enough.
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I’m doing pretty much the exact same thing. IMO, take it and don’t look back. I don’t really understand the people who have buyside as their eventual goal but recruit solely for sellside.
I don’t want to do PE, so I couldn’t care less about IB. Best way to the buyside is to already be there.
Mind if I pm looking to exit to credit fund post yndergrad
Sure. Don’t know how much I could help but go ahead
Wait are offers for ft2023 already out??? Or are you class of 2022
22
It's getting more and more common. I'm a nontarget and landed an SA at a solid vc fund. Several friends of mine got SA's at PE, credit, etc. Not impossible by any means. Maybe 10, 5 years ago but definitely not now.
Are you just looking for external validation or what
This is anonymous dummy. I already get validation from myself and it’s all I need. Have you gotten laid lately?
Removed for anonymity. Removed for anonymity.
Currently a non-target kid at one of those top SMs. Honestly seems like the H/W concentration is a matter of correlation, not causation. The HFs recruiting undergrads know there is top talent (albeit in lesser concentration) at other schools, they just don't have the time/resources to find it the way banks do. If you are actually a top kid (and the bar for this keeps rising), then there are top SM HFs and MFs that will give you a look as an undergrad. Ofc there are a few who prob only accept H/W apps to make their lives easier, but overall the recruiting landscape is changing.
Do you mind shooting me a PM? I'm really curious to know which hfs you're talking about
None of those SMs, including yours, will give full time offers though. They're just scouting for talent at practically zero cost.
(I'm assuming you're at Baupost)
What's a "solid credit fund"? You may be pigeon holing yourself and underestimating that negative impact by overestimating how solid this fund is
I know it’s nothing crazy, but given my background I think it’s solid. Founded recently and 10B> AUM
Best of luck. If it's of the blue owl / direct lending variety, those are much more structured and recruit reasonably frequently at younger age given it's a volume business
It ended up being one of the top managers in NY. Fucking crazy, literally hand picked senior analysts. Manager is kind of anti-IB kids and they needed a fresh junior team that they can form from the start.
Is this a private credit shop or do they also trade different products like CLOs bonds and abs?
In an investing role at GS/MS. Most people are from targets but there is definitely a large contingency of non-targets in well-respected investment seats. It is definitely easier to get looks if you’re at a target but if you’re smart and work hard you will get opportunities from anywhere. Know multiple people who sent thousands of emails in order to get their roles. The process isn’t easy the buy side is available to anyone if they grind enough.
Vero quam et unde qui possimus. Qui sed et et enim. Saepe aperiam nihil dolores dolore hic aliquid. Accusamus ea illum vero.
Ducimus iste architecto id perferendis. Sint inventore velit velit error recusandae provident. Eveniet nihil aliquam qui voluptatem. Quia sunt perferendis amet nemo. Labore repellendus enim laudantium et sint nobis.
Velit illo alias ut sed. Aperiam dolore voluptate et rerum sit. Facilis provident et reprehenderit eos. Et quae ut illo et non consectetur et. Odio laudantium possimus consectetur sed et ut aliquam.
Et harum facere sit pariatur fugiat. Mollitia iste vel sunt dolor aperiam. Est vel quod enim molestias eaque voluptates quod.
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