How does hedge fund recruiting work for those that want to jump over to a hedge fund after an Analyst to Associate promotion? Would you be at a significant disadvantage compared to a 3rd year analyst? Do you become less marketable when you gain an associate title? I ask because a friend who is about to go through PE recruiting mentioned that there are so many analysts applying to PE that PE firms do not need to and do not want to hire associates. Would funds assume that you aren't as talented if you didn't jump over to the buy-side after your 1st or 2nd year as an analyst?

Also interested in people's thoughts on this. I feel like there must be some kind of signalling effect if someone hasn't made the jump by the time they're an associate? Obviously, further down the line, IB associates start to develop a skillset that isn't relevant to HFs, but will a 1st year associate be discriminated against as well? In terms of making the move as a 2nd year / 3rd year - a couple of funds that I interviewed with during my 2nd year said they would like me to get an extra year's experience, so I think marketability does improve somewhat as a 3rd year vs.

HF after AA vs HF after 3rd year vs HF after 2nd year

thewaterpiper

11y

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HF after AA vs HF after 3rd year vs HF after 2nd year

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