Title basically. If going directly into MM HF / Buy side, is the SIE or S63 or anything like that needed? or are they more of a nice-to-haves kind of thing?
What about particularly if you're a more quantitative analyst? Is a CFA more of use here? If so, at what level?
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Based on the most helpful WSO content, the SIE and Series 63 are generally not required for hedge funds (HF), especially if you're going directly into a mid-market (MM) hedge fund or buy-side role. These exams are more relevant for roles in sell-side firms, such as investment banking or brokerage, where licensing is necessary to interact with clients or execute trades. For hedge funds, particularly in quantitative analyst roles, these licenses are more of a "nice-to-have" rather than a requirement.
For a quantitative analyst, a CFA (Chartered Financial Analyst) designation is often more valuable. It demonstrates a strong understanding of investment management, financial analysis, and portfolio management, which are highly relevant to hedge fund roles. The level of CFA that is most useful depends on your career stage and goals:
In summary, for hedge funds, especially in quantitative roles, the SIE/63 are not typically required. Instead, pursuing a CFA designation can be more beneficial, with the level depending on your specific career aspirations.
Sources: Securities Industry Essentials (SIE) Exam Overview, SIE , Series 79 and Series 63 Advice, Why do you go into PE only to go into HF, BB SIE, 63, & 79, what order do you take? Which is easiest? Hardest?
No bro lol
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