In the medium term I aspire to break into a hedge fund as an analyst. The type of funds I'm most interested in are value funds , long/short. I am a micro rather than micro man.
IB does not appeal to me. From all I have read (all 72 pages of articles in WSO hedge fund section) it seems that Equity research is thus my best option. I fear however that by taking this route you become pigeon holed in you specialist area. My questions:
1) Is it true that you become pigeonholed in your specialist sector?
2) Is buy side investment/Asset Management at IB or a mega-fund (fiedeliy-esque) another possible route, if so how realistic is it, more so than equity research.
3) Is an MBA in a finance at a target school after 2 years in ER/asset mngmt a good idea or could I shoot straight for Hedge fund after these roles?
4) I currently have S&T internship at Citi should I ask to transfer to ER?
Why would you do ER when you can do S&T?
Well because I enjoy the analysis of companies - modelling, valuation and additionally would like to eventually get headhunted or apply to a long/short or valued based hedge fund as an analyst With these to credentials I was under the impression equity research is a better option for me. I don't understand why ER is considered so much less prestigious than S&T. Do you still think S&T is a better option for me?
Traders get paid more.
It's not about pay. It about finding a balance between pay and enjoyment. Essentially if I am a very good analyst and move to a hedge fund pay could be similar.
As a trader, you take risk with the firm's capital. In ER, you make recommendations but can't actually affect the bottom line.
I see you may have missed my HF posts. Please do double back.
And for the record there's no answer to Traders vs HF Value who-makes-more-money arguments. It all depends on firm and performance.
He's comparing a bird in hand to a bird in the bush.
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