HF Exit opportunities?

I'm graduating uni this year and starting at an MM HF ($20bn+ AUM) right out of undergrad. I really enjoy investing and see myself working for a HF right now, which is why I chose it over a couple other BB offers. But I'm a bit skeptical about pigeonholing myself in this career and would really like to know what are potential exit opps from a HF? Is it possible to break into PE or a VP level position at a BB 4-5 years later? I know that HF is the exit opp itself but just tryna understand what other options I would have

Comments (15)

  • Prospect in HF - EquityHedge
May 15, 2022 - 2:52pm

What are potential careers I can exit to then?

May 14, 2022 - 3:58pm
AnonymousMonke2, what's your opinion? Comment below:

If you have a good track record you can probably get a lot of public market jobs after like at a smaller fund. some hedge funds have also started doing financing as well as traditional long short.

If you get fired after six months it might suck though, but not as much as working at a sweatshop.

Most Helpful
May 17, 2022 - 11:32pm
ShortStoryLong, what's your opinion? Comment below:

I think people tend to default to "HF pigeonholes you to HF" type of thinking. While true to a certain extent given it's a relatively niche skill set, I've seen people in the space exit into all sorts of roles outside of public equities. for example, know of a PM at a MM HF that left for a c-suite role at a F100 business. if you're smart and driven and know what you want, think you can really do whatever you want. Just requires a bit more convincing if you've spent your entire life in the public markets

  • Quant in HF - Event
May 21, 2022 - 11:01pm

What's your fund strategy? I'm gonna assume you're in equity L/S space given what you displayed in your username tag. 

I guess you could go to PE since you're quite well verse with fundamental investing. But given you didn't do 2 year IB program before your HF stint, hence no exposure in deal execution, modeling, etc. this might be just a slim chance you could rotate to PE successfully. 

On a side note, if you're doing other strategies, for example at a quant fund, you can always go back to quant desk at BB or some market makers. If you're at a credit, distressed shop, there might be chance to go back to sellside on LevFin/DCM although not sure on this at all. 

Other than that, jumping to a fund-of-funds allocator platform could be possible. 

  • Analyst 1 in VC
May 26, 2022 - 7:50am

Not aware of general exit opps, but have seen several people move from HF to VC after some 1-3ys.

If your fund does VC investing (as many were doing increasingly before the turmoil) I guess you could try to involve yourself with that part of the fund and see if you like it.

Also, crypto is always looking for people, even now, so pretty sure that you could move to a fund focused on that.

Hope it helps.

  • Prospect in HF - EquityHedge
May 27, 2022 - 12:03pm

Beatae rem enim quidem et. Ipsa ducimus hic aut necessitatibus sunt sed. Recusandae fuga accusamus qui accusantium. Optio ab nam qui.

Voluptatem eum in culpa quod ducimus et cum. Possimus voluptatem assumenda sapiente libero. Doloribus earum eligendi eos sed. Officia et consequatur molestiae blanditiis voluptas sapiente ducimus.

Start Discussion

Career Advancement Opportunities

July 2022 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.8%
  • AQR Capital Management 96.7%
  • Citadel Investment Group 95.7%
  • Two Sigma Investments 94.6%

Overall Employee Satisfaction

July 2022 Hedge Fund

  • D.E. Shaw 98.9%
  • Magnetar Capital 97.8%
  • Blackstone Group 96.7%
  • Two Sigma Investments 95.6%
  • Citadel Investment Group 94.4%

Professional Growth Opportunities

July 2022 Hedge Fund

  • D.E. Shaw 98.9%
  • AQR Capital Management 97.8%
  • Point72 96.8%
  • Citadel Investment Group 95.7%
  • Blackstone Group 94.6%

Total Avg Compensation

July 2022 Hedge Fund

  • Portfolio Manager (8) $1,718
  • Vice President (21) $476
  • Director/MD (11) $434
  • NA (5) $306
  • Manager (4) $282
  • 3rd+ Year Associate (22) $276
  • Engineer/Quant (59) $271
  • 2nd Year Associate (28) $241
  • 1st Year Associate (71) $192
  • Analysts (210) $176
  • Intern/Summer Associate (18) $130
  • Junior Trader (5) $102
  • Intern/Summer Analyst (227) $84