Is it hard to break into a hedge fund from a corporate banking background?
People outside of finance often view corporate banking very similarly to investment banking, however, those that are in investment banking often look down at corporate banking folks.
Coming from a corporate banking background, are my exits limited (typically to credit, mezz, or lateral to a DCM/LevFin position)?
I understand how my background would make me less attractive to break into private equity.
If I were to want to break into a hedge fund, that is not a credit fund, will I be held at a disadvantage? And if so, by how much?
I understand the whole if you network anything is possible argument, however, I am asking if I will be at a severe disadvantage to my investment banking competitors?
Bump :)
I've only been a SA so I cannot say too much, however, I have seen people from commercial and corporate backgrounds move over to more than just dcm and levfin (debt/credit groups)! I have seen people move into M&A and industry groups. Don't really know if that is what you are looking for though. As it appears you are looking to know about the buyside.
I just had a corp banking friend hop to an HF in SF. Definitely possible.
^ Hopefully the above post helps CalgaryFinance. I checked my group and there were a few that left to PE firms that did a lot of credit lending. Don't know if that helps.
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