Best consulting 'type' to exit into HF?
Hey all, I'm currently sitting on 3 offers: strategy @ MBB, RX @ tier 2 (Province, BRG etc) and an econ consulting offer at a really good firm (AG, Compass etc). My goal is to exit into a hedge fund somewhere down the line, ideally a pretty well known one (optiver, millenium etc). I know it's not the most common / easiest exit, but on the balance of probabilities, which offer(s) would set me up best for front office investment roles at HFs? I would like to not go into IB and then exit from there into HF, rather directly go from CO to HF.
Really appreciate any help.
It would be useful if you knew what a hedge fund is first. You don't really know what a hedge fund is, so you're not clear what roles entail.
If you want to be an investor, you need to pick an asset class and figure out which of your current roles has the most overlap with that. Econ consulting might overlap with macro, MBB/RX might have some overlap with equities. From there, you can start building out a pathway.
If your goal is just HF, and you don't care about a specific asset class, then you're telling me you don't really have a specific skillset and/or edge for a specific asset class...so why would I hire you? Figure out what you're good at and find interesting, and then try to find the place that will equip you to compete at the best level in it (i.e a top hedge fund).
It will be industry dependent.
If you want to be a TMT analyst at a HF, go cover that in consulting.. and so on.
MBB -> PE -> HF would be the doable track.
I'd guess MBB brand works best if you're also able to build/maintain the hard skills in your personal time. Distressed/credit HFs might prefer the RX experience, given much more relevant.
I can tell you that Consulting is about the opposite of how many HFs operate so I don't really think there is a best consulting type. The least bad would be related to the product/asset class you hope to trade but still not the ideal background by any means. So I guess as the others have said, go for top brand and try to pivot somewhere long term/PE-like underwriting strategy. At a pod, it's hard for me to see a consulting personality/background fitting in or working out or for that matter getting the look.
If possible, could you expand on why you say consulting is the opposite of HF operation and why the consulting personality doesn't fit?
If someone decides to leave consulting for a HF, they probably didn't like consulting very much. So wouldn't judge them based on "fit".
First off, it does not sound like you know what a "Hedge Fund" is and just want to go for the money (assumption). Pick MBB if you want your life to be easier it has good brand name and you could just stay and make some good money with little intellectual input, if you want to land in the distressed space pick your T2 offer and work your ass off, you'll land at some good HF's after a stint in PE or a lateral to RX IB, on a side note these firms are making and paying an enormous amount. Econ consulting sounds like an ok place to go if you interested in global macro or LO. Also why did you group Optiver and Millenium next to each other lol.
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