Has anyone recently gone from ER to a single manager HF?
Curious what the process was like and how often this happens. Do you think IB or ER (if both are at a good bb) would work better?
Soph in college trying to figure out what I'll do next summer.
Bump
Bump
I am not going to lie to you. Every single ER associate who I have heard trying to make it to a single manager mega hedge fund has failed. But where they have failed, you will succeed. Why? I have seen hedge funders seize ships owned by Argentina, and others acquire controlling stakes through a private loan-to-own or situation where they can buy up almost the entirety of the fulcrum. Yet their strength, intelligence and speed are still based in a world that is built on rules. Because of that they will not be as strong, smart or as fast as you. Good luck.
Not what I wanted to hear...
hilarious
IB probs places marginally better than ER for (SM) HF fam. But Peak Frameworks put up a survey on his instagram months ago that showed ER associates actually placed better than IB analysts for fundamental HF at one point. I forgot the time frame for that one. Go look up his instagram and search for it.
I'd also go for IB in your situation - opens more doors in general (namely PE and corpdev, those sort of 'process work' roles). You're still a soph so plans can change, life is fluid
It depends many things.
Hope this helps.
I will be under a top II software analyst when I start at a BB and I'm certain I want to do public equities at a SM hedge fund afterward. Will this really be equal to doing a top IB group?
Dick,
Do you hold the same opinion even if theoretical candidate takes target MBA route? For example, do you think E-SM-HF would discriminate HarvardMBA with 3 years BB IB vs. HarvardMBA with 3 years BB ER?
Good question
Probably. Some funds really care about operational experience and stronger baseline modeling skills, both of which IB likely sets you up better for.
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