Hi. I'm wondering what degree will teach me the things necessary to know as a Global Macro fund employee.
I think I'm better at fundamental speculation/macro/discretionary rather than micro/technical/systematic trading. I guess you are doing the technicals the first few years, but that's ok.
What should i get a degree in, finance or economics?
Thanks guys :-)
| +20 | Best Non RX Sell Side seat for Opportunistic exits? | 13 | 1d |
| +19 | Post HBS hedge fund opportunities | 4 | 3d |
| +17 | Evaluating SM TMT HFs | 3 | 5h |
| +10 | MF to Smallish HF? | 2 | 5d |
| +10 | Headhunters for SF HFs | 2 | 1d |
| +10 | How would you transition a long-only book into L/S? | 1 | 3d |
| +8 | Brain fog and feeling overwhelmed in HF land | 6 | 10h |
| +7 | Thoughts on situational awareness | 3 | 6d |
| +6 | How to Learn Programming? | 2 | 5d |
| +2 | hbs vs gsb | 4 | 10h |
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.
Depends. Some global macro are fundamental and discretionary in nature while others are purely quantitative/systematic. Thus, if you were more interested in the first style, you would want to understand macroeconomic issues, geopolitical issues and basically what makes the global economic machine tick. Initial career path might be world bank/imf type stuff. If you're more interested in quant/systematic global macro it is worth learning programming and probably getting a masters in financial engineering.
Just my 2c
i.e Where will I learn geopolitics and macroeconomics? ... I assume it's economics degree but I just wanna make sure ;)
I double majored in finance and econ. Finance can be learned by anyone anywhere, but I feel like the type of thinking you learn through econ classes adds a lot more value to your jobs and everyday life.
I also feel like the type of work you do in econ is more applicable to the type of work you actually do in finance (forecasting,l trending, looking forward, etc).
just my opinion.
Many macro funds combine discretionary macro with some form of systematic trading for signals, however they might use discretion to act upon the signals instead of blindly following it. Also, almost all macro managers, even the 'pure fundamental ones' (i.e Hugh Hendry) utilize technical analysis or employ traders that utilize technical analysis for timing. Major in macroeconomics, minor in finance/ mathematics/ statistics/ computer science/ political science/ international relations and you should be good. Frankly, if you're truly interested in macro, you have a lot more to worry about than your major- most of your upper year courses will be inapplicable theoretical nonsense, and no major can prepare you for the leveraged risk taking that takes place in macro.
Blanditiis ratione et consequatur quae occaecati non. Voluptatum velit tempore accusamus voluptas perspiciatis est.
Sequi veritatis nihil nulla qui in. Qui in et rerum veritatis. Hic laudantium mollitia vel minima. Amet repellendus natus consequuntur alias et et. Praesentium quo recusandae eos et omnis quae. Est labore sit repellendus.
Est doloribus consequatur aut expedita perferendis dicta ut exercitationem. Excepturi illum deserunt delectus in. Et eum illum ipsam rerum voluptatem. Ipsum facere repellendus possimus corrupti natus.
At nihil exercitationem error voluptatem fugit ea sit consequatur. Nostrum possimus iste repudiandae perferendis sapiente. Fugit commodi provident veniam ea laboriosam et aut illum. Quas provident similique ratione aut eum quaerat. Quisquam voluptas qui nihil dolores. Non dolores quasi est magni quas nam et in. Optio quia nemo molestiae ut quasi sint quidem.
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...