Hedgefund out of undergrad?
I’m a sophomore and a math major at Princeton. Is it possible to get a hedge fund research role out of undergrad? Has anyone heard of this. I assume being at a top school helps which I am, and being a math major. However I’m not sure if hedge funds even consider undergrads. If anyone knows something that could be helpful, please chime in.
Yes, from Princeton, some do. I know of a kid from Princeton who joined my firm a couple of years back (studied ORFE, I believe)
There are some recent posts about this topic, go check those out for thorough answers from actual professionals. Short answer is the MMs have structured programs and some SMs have pipelines at certain targets and others hire sporadically. It's definitely doable but networking/luck is necessary.
Sorry what is SM and MM?
Types of hedge funds.
SM: Single manager
MM: Multi manager (Citadel, Balyasny, Millennium, etc.)
Check out Point72’s programs. Very strong program
You’re a math major at Princeton; if you can code and have decent grades, you’re an excellent candidate.
Make some friends in the classes above you, they will show you the ropes and help you get interviews. Many HFs also recruit sophomores for internships, and it would be a nice boost to get one of those. Best of luck!
You can definitely get a research role at a hedge fund with your profile. As with all these things, the hedge fund universe is a large one, and your skillset will be better suited to certain shops over others. I'd suggest looking at broad quantitative, quantamental, and fundamental investors to begin with. If you want to go down the purer quantitative path as a researcher, you'll need to bolster credentials by doing a master's and likely PhD in mathematics / statistics.
As an aside - and I don't know whether this is intentional - your tone is a little condescending. This was a lesson I learnt early in my career as well. Avoid using phrases like "feel free to chime in" - it makes it seem like people owe you their opinion, which, of course, they don't. It's also worth noting that it's better to "show" and not "tell". By this, I mean it's sufficient (in cover letters and the like) to say you study maths at Princeton - you don't need reinforce that statement by stating it's a top school / programme: those that need to know will know.
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