MBA to MMHF possible?

I work in ER and am curious is this is possible. I’m moving to a MMHF and hope to make this transition. I’ve seen some people do this on LinkedIn.

Anyone know about comp and recruiting? Also how do you know what sector you will get.

2 Comments
 

Based on the most helpful WSO content, transitioning from an MBA to a Multi-Manager Hedge Fund (MMHF) is indeed possible. Here are some insights:

  1. Transition Feasibility:

    • Moving from Equity Research (ER) to a MMHF is a recognized path. Many professionals have successfully made this transition, leveraging their analytical skills and sector expertise.
  2. Compensation:

    • Compensation at MMHFs can be quite competitive. For example, a PM at a MMHF can earn mid 7-figures to low 8-figures, depending on performance and the size of the book they manage.
  3. Recruiting:

    • Recruiting for MMHFs often involves headhunters (HH) and networking. It's crucial to demonstrate a strong track record in ER and the ability to generate investment ideas.
    • Headhunters can be receptive to candidates with solid ER backgrounds, especially if they have shown consistent performance and have a deep understanding of their coverage sectors.
  4. Sector Assignment:

    • The sector you will cover at a MMHF can depend on your previous experience and expertise. Typically, your background in ER will guide the sector you are assigned to, but it can also be influenced by the needs of the fund and your discussions during the recruitment process.

For more detailed discussions and personal experiences, you might want to explore related threads on Wall Street Oasis.

Sources: ER Career Paths, PM / Sr Analyst at MM HF to LO PM -- doable?, Is ER a bad goal in college with MiFID II coming?, PE Lateral Recruiting Advice/Stories/Help?, HF to PE post-MBA - my story and seeking advice (long-time poster)!

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Atque cupiditate quos beatae illo illum modi. Itaque occaecati molestias autem beatae.

Eum blanditiis iste enim. Voluptates quis beatae sit iste modi. Omnis libero aut sapiente qui et totam voluptates illum.

Fugiat voluptatem accusantium expedita et dolores quibusdam nemo. Nam repudiandae et amet et odio. Quia dolorem cum a tenetur. Dolores inventore ex temporibus atque illum.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
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...”