Hedge Fund or BB for SA Junior??
I have been offered a summer internship at probably the biggest distressed debt hedge fund in Asia and I could possibly get a SA position in the Alternative Investment Division of a BB although that's far from being certain at this point. Obviously if I don't get the BB I'd have no choice but in case I do, what do you guys think is better?
I really like the hedge fund, it seems like I will have the opportunity to learn a lot and I am actually really interested in distressed debt. It sounds like the thing I would like to do in the future although I can't be 100% sure since I still have very little experience in finance. The problem is that the internship would be unpaid or very low paid, which would obviously be difficult for me especially since it's in Hong Kong. The BB on the other hand is paid of course and the position is also in a very similar area (hedge funds and other alternative investments) and sounds interesting as well.
Money is not my main concern right now, I just don't really know what would be best for me in the long term. I can get through the summer on a low pay at the fund if getting a FT position there would be a better opportunity.
What are your thoughts? Is it better to do a BB program since I'll get formal training, etc. or go for the hedge fund since that's what I will probably want to do in the future? I know the hedge fund world is hard to break into and I don't want to miss a great opportunity.
I also might actually have to respond to the hedge fund before I've finished interviewing with the BB so that makes it even harder..
Get back to the forum when you actually have an offer.
Read the hedge fund experience post and pay attention to how PinkMoney got in.
The world has changed. And we must change with it.
I will most likely have to decide on the hedge fund offer before I hear back from the bank so I need help now...
I did read that thread but I think different people have different experiences and there are many paths so it would be great if I could actually get advice for my particular situation
Thanks for your input though!
A bird in the hand is worth two in the bush...
is this a cock joke?
...unless you want to spend the summer with nothing but your dick in your hands
^^ I'm a girl so probably not even that haha
seriously though, no need to be rude.. I'm asking because I could maybe ask for more time to decide and wait for a response from the bank although i don't know if that would work.
surprised to see you guys have nothing but a few dick jokes to throw at me but maybe you are just as clueless as I am :D
Is this for a junior summer position?
I have two pieces of advice:
You should definitely not assume that you will get the BB position. You need to make sure you have at least one offer no matter what happens. So, you should stall as long as you can on the hk offer.
Also, you should try to find out if the hedge fund has a training program and what kinds of responsibilities they will give you, b/c many people who have interned in asia said that companies there don't have a structured program for their interns and basically don't really know what to do w/ their interns. They just have them listen in on meetings and calls, but don't entrust them with any real responsibility.
Agreed. If you really feel that you have to decide (ie not forced to take the HF before you even hear back from the BB) get as much information as you can about both and compare job descriptions. See what you like better. In the end, it's up to you and your goals. There will be valid arguments to take either job but the right answer is what fits you and your career aspirations most. If you want to end up in a distressed HF, then take the HF and bypass the BB analyst -> HF route. If you're not yet sure where you want to end up, a formal training program and summer internship at a BB would probably give you a wider experience so as to allow you to transition in other roles for FT, should you so choose to.
BlackDog, yes I'm a junior in college so it's just a summer position
thanks for the help!
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