Hedge Fund Recruiting from IB
I will be starting in IB soon but want to switch over to a HF in 1-2 years. What does the recruiting process typically look like? I know its unstructured so am I going to be reaching out to HH or firms individually? I'm already building pitches/models and following companies so I should be okay for interviews. I am mostly interested in SMs but would go to a MM for the right PM. Should I start networking now and make it clear I want to have a shot if a spot opens up? Would love any advice on things I should be doing now or things to look out for when I make the switch. Thanks!
TLDR: What is the best way to recruit for HFs from banking
Based on the most helpful WSO content, here's what you need to know about recruiting for hedge funds from investment banking:
Recruiting Process Overview
Networking:
Timing:
Preparation
Building Skills:
Networking:
Specific Advice
Targeting Specific Funds:
Staying Visible:
Headhunters:
Things to Look Out For
Recruiting Windows:
Behavioral Fit:
By following these steps and staying proactive, you can increase your chances of successfully transitioning from investment banking to a hedge fund. Good luck!
Sources: Private Equity Recruiting Process (From Banking), Networking into a Hedge Fund? It's Unstructured., Hedge Fund Careers: Getting a Hedge Fund Job Out of Undergrad and Beyond, Investment Banking to a Hedge fund... Can You Make the Jump?, Hedge Fund Careers: Getting a Hedge Fund Job Out of Undergrad and Beyond
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Your traditional head hunters will be the best route but also if you have people in your network. Good SM spots will be very competitive so helps to have an advantage (i.e. referral, specific industry focus) and hire on an as-needed basis so will have to be patient with opportunities. But there are a decent number of SMs that will hire from banking (typically 1-2 years in banking) and have more structured recruiting processes for Analysts so I would recommend waiting at least 6-9 months before talking to recruiters so you can say you have one full year of experience. MM hire through multiple sources including these same headhunters but sometimes also post on LinkedIn. I get a lot of random MM inbounds from lesser known recruiters / LinkedIn messages.
Helpful, thanks!
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