My goal is to break into Global Macro HFs in London. From my previous post, it seems that starting off in FI/C/FX S&T would be optimal. Now my question is, what would be the best graduate degree for breaking into BB S&T and eventually into Macro HFs. Econ? Financial engineering?
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Navigating the path to a career in Global Macro Hedge Funds (HFs) in London requires a strategic approach to education and early career choices. Based on insights from the Wall Street Oasis forums, here's a breakdown of how different graduate degrees might align with your goals:
MPhil Economics and MSc Econometrics and Mathematical Economics:
MSc Risk Management & Financial Engineering and MSc Financial Mathematics:
Choosing Between the Degrees: - Both sets of degrees have their merits and can contribute to a successful career in Global Macro HFs. The choice largely depends on your career aspirations and the type of role you envision for yourself within a hedge fund. - If your interest lies more in economic analysis, policy impact on markets, and macroeconomic strategy, an MPhil in Economics or an MSc in Econometrics might be more aligned with your goals. - If you're drawn to quantitative trading, risk management, and financial engineering, then an MSc in Financial Mathematics or Risk Management would be suitable.
Pursuing Both Degrees: - While obtaining both types of degrees could provide a broad and impressive skill set, it's essential to weigh the time and financial investment against the potential benefits. Two years of additional studies mean delayed entry into the workforce and the practical experience that comes with it. - It might be more beneficial to choose one degree that aligns closely with your career goals and complement it with internships, networking, and practical experience in S&T or related fields.
In conclusion, there isn't a clear-cut winner between these degrees. Your choice should be guided by your career interests, the specific skills you wish to acquire, and how you envision your path into the Global Macro HF space. Networking with professionals in the field and seeking mentorship can also provide valuable insights tailored to your personal goals and aspirations.
Sources: What is the best way to get into a global macro hedge fund?, Global macro recruiting - a primer, https://www.wallstreetoasis.com/forum/hedge-fund/how-to-break-into-macro-hf-in-london?customgpt=1, Masters for Hedge Fund ???
Bump
it sounds like you're considering LSE/oxbridge vs Imperial. An Mphil in econ imo is too theoretical and you might end up studying topics like labour, and micro that are a bit useless outside academia.
Both are good programs although not sure how much coding takes place in LSE compared to financial engineering.
Ultimately both are targets so will screen the same, but it is on you to apply asap to roles. Mphil in econ might help you get an econ gig whereas Financial engineering is more geared towards junior strat roles
Are there any other degrees at Oxbridge/LSE I should be looking at if the goal is to move into a strat role? And how feasible is it to move from an econ gig into a strat and eventually pm role?
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Imo, much more about own PA trading (even part-time just as a way to learn) if you want to take risk. As above commenter said, MPhil type degrees for economist and Risk / engineering more for structuring etc. There's not really a set path in global macro but it usually comes down to own risk-taking / knowledge of markets or coming from a flow trading seat in S&T. That's assuming you want to be trading at a HF, and not a different role like Strategist or quant etc
Masters in Financial Economics. It’s a pretty rigorous degree that’s typically under the business school. It’s very quantitative heavy (which is where the industry is heading in terms of global macro) and covers a good mix of theory and application based finance/economics courses.
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