Intern at a hedge fund for getting into ER?

What are your thoughts on interning at a small long-short US equities hedge fund (20-50 mm AUM), if I"m hoping to move to into ER? I don't really have much finance experience, as I'm transitioning out of being a litigation attorney (finished law school almost 2 years ago). Working with this place will give me a chance to learn DCF modeling and some other skills that could be helpful on an ER job, especially since these guys don't work with a ton of sell side analysts, and so a lot more of the research work falls on the analysts at the fund itself. I know that an ER internship would obviously be preferrable when applying for an ER job, but do you guys think this could be helpful, or am I just wasting my time, and I should pass on this until I find some sort of internship opportunity doing ER? Thanks!

 
Best Response

Do it. Good opportunity to get your hands on some actual analysis experience, see things from the buyside perspective, and learn about calls on both sides of a trade. Any experience actually analyzing stocks is a good thing, and a smaller shop will give you much better exposure.

Now, that being said, if you find a great ER internship, then that is a good problem to have. But if this is for sure an option and you're intrigued, it could be great experience. Like you said above, this could provide you with a great skill set moving into a full time ER role whether in a sell-side or buyside setting.

 

Perferendis corrupti totam eum voluptatem ut nisi. Hic maxime consequatur magni sapiente. Est perspiciatis soluta quas earum et est beatae. Praesentium dolores quia et.

Mollitia aliquam iusto qui rerum qui. Ipsa tempora est neque impedit quasi sit recusandae. Odit non eos minima corrupti eius porro est neque. Consequatur aut ut molestiae recusandae et. Et rem et vel aut ratione et. Est tempora rerum enim et nihil.

Est in molestiae non esse beatae qui est. Vero molestiae quod sed rem saepe explicabo. Saepe rerum sit molestiae beatae laudantium. Tenetur optio nam sint suscipit quibusdam.

Consequatur dolores voluptas et et. Aut consequatur eligendi blanditiis doloribus sed occaecati. Recusandae sint suscipit vel iure laboriosam fugiat. Iure ratione mollitia iusto commodi ea corrupti repudiandae. Adipisci autem ut beatae corrupti.

Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”