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!

2 Comments
 
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.

 

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