Breaking into global macro
Hi,
I'm a sophomore at a HYPSM school studying computer science. I'm currently working at a long/short fund as an intern and really enjoy the work, but my personal interests have always been in Global macro. I did a lot of policy/govt work in the past (national security, tech within the govt, etc) and am also really interested in rates/FX.
Beyond global macro, I don't really see myself being in finance--would rather start a startup or something.
I'm wondering, given the state of the market and the general turbulence that will most likely affect the world in the coming decade, is Global macro going to make a resurgence? And if so, how can I break into a Global macro fund for an internship. I've looked pretty deeply into the investment strategies of big global macro funds in the past (soros, clarium), and am really fascinated by the work they did. Any funds I should look into now? Thanks!
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Thanks for the advice! I write a blog (mostly for myself) where I do writeups/trade ideas on macro topics (similar to Doomberg if you've read that) with a little bit of data science/ML baked in--I'll probably formulate a few of those into trade proposals. A few questions:
1. Which firms should I be sending these out too? Any recommendations on leading global macro funds would be super helpful.
2. Should I recruit for IB? I'm leaning towards no, but will having that background--even if its just for a summer--help with global macro at all? My main issue with IB/PE beyond its grueling hours and boring nature is the inherent "safety" of those jobs. While I'm young and my risk profile is low, I feel like I should do as many fun, high upside, high risk pursuits as I can.
3. Should I do more formal economics classes? I've taken mostly computer science (ML/AI particularly), history and philosophy classes, because these are my true passions and also will be super helpful should I choose to start a startup. Even though I haven't done too many econ courses, I've tried to develop strong relationships with academics in the econ, government, and computer science departments and try to keep myself in tune with the macroeconomic environment by reading the FRED blog and talking with professors as much as I can.
Thanks so much for the help!
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Hey do you want to connect? Also interested in macro, doing s&t next summer and interning at L/S right now! I’d love to come up w trade ideas with you and collaborate on the blog
Hello, may i look at your blog?
Two potential options:
1) If you're a computer science major, look for roles as a quantitative analyst/developer on FX/Rates desks. You won't be trading macro from day 1, but it will put you on a path with a degree of latitude that could potentially be leveraged into a more Analyst type role.
2) Look for work as an economist and eventually transition to the buy-side. Downside here is you may need to get a graduate degree in Economics.
Interest Rate and FX Strategy roles at BB will get looks from HF/HH too.
Question for the responses: I am also interning at an L/S shop doing global macro and will be in ficc s&t next summer (hopefully will break into rates), I’m non target engineering major. Will this path help me break into a macro hf?
FICC S&T is the best place to get a start, especially STIR (central banks are one of the main alpha drivers in macro), Vol, and EM. Alternately equity derivatives/commodity desks also do pretty decently at getting looks.
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