Point72 offers a program known as the Point72 academy (https://www.point72.com/careers/campus-point72-ac…). It is essentially a 15-month crash course for college graduates to the buy side. I was wondering if anyone is aware of any similar entry level programs that the big asset managers/HFs offer?
| +42 | How many finance books/textbooks have you read? | 22 | 2d | |
| +39 | Should I start a HF with less than a million dollar? | 23 | 15h | |
| +27 | Macro/RV Credit | 3 | 2d | |
| +26 | Worth holding out for SM HF - London | 12 | 3d | |
| +24 | Negotiating small hedge fund offer | 8 | 1d | |
| +23 | L/S Case Study | 6 | 2d | |
| +22 | Are single manager "buy and hold" concentrated funds dead? | 28 | 4h | |
| +17 | Why is 75% of this forum MM HF trolls? | 7 | 5d | |
| +15 | HF Job Market | 10 | 2d | |
| +15 | Post Update - Selling Algorithms to HFs | 3 | 6d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Citadel and Bridgewater do as well. All three funds have a high track record of success and expect the same from any undergraduate candidates they consider. If your school does not have an OCR presence with these firms, it is highly unlikely you will even get an interview without knowing someone.
That said, from my experience, they look more at quantitative aptitude/analytical ability, SAT scores, GPA, and overall raw intellect over work experience. Reason being is that most likely anything you have learned will have little transferability to their work on the buy side. Every fund is different and they will put you through the grinder to determine whether you are smart enough to learn quickly.
I am wondering the same thing. It almost seems like long only funds (asset managers) provide entry level positions for those with less than 3 years experience and the hedge funds take the talent after you have complete a program, or have gotten a few years experience on the buy-side.
Hedge funds don't have a lot of incentive to train new analysts who are that raw (undergraduate). It's just the way the business works. Larger places (Fidelity, Wellington, BlackRock, etc.) and some of the very large HFs (Citadel, P72) will have these programs but most funds will require you to have gotten training somewhere else beforehand.
Entry Level Buy-Side: I'll do whatever it takes (Originally Posted: 12/02/2015)
Hi All,
I'm approaching the second semester of my senior year in college and I'm extremely interested in an entry level position within the investment management industry. So far my job search has been characterized by the following: applied or reached out to over 150 firms, cold-called over 50 alumni, attended countless industry network events, joined the Boston Security Analysts Society, joined CFA Society/Program, leveraged my part-time Fidelity internship (non-investment) to speak to any investment professional I could reach. I made it to final round for a sector specialist position with Fidelity and didn't make it. Possibly looking to go to a smaller boutique firm where I can hone my investment skills better. I am looking for any new advice/tips to aid my job search. Any advice from the WSO community would be greatly appreciated.
Thanks
Your networking needs to be targeted. These cold calls to alumni need to turn into referrals, hopefully to other people who are decision makers or who can connect you to them. Same deal with these networking events. Collecting business cards doesn't mean shit. Each new contact should eventually lead to a connection to another contact. It's all a numbers game
Dolorem quis cumque ratione laborum earum sapiente. Sed minus tempore voluptates placeat officia. Sint facere cupiditate recusandae. Consectetur quia dignissimos a sit necessitatibus.
Est nostrum ut ea. Eveniet non culpa corporis eius. Est voluptatem voluptatem dignissimos hic.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...