HF post MBA
Hey guys, would appreciate some insight into the best path forward. I am planning on pursuing an MBA this following year. My background includes 6 months in ER. Prior to that I spent 2 years as a research scientist. I was let go from my role with 30% of the department. Since, I have failed to successfully recruit given my short stint.
Currently grinding away at the GMAT and plan to apply to M7 MBA schools. I want to be a public equities investor but know that’s difficult to do out of MBA. Assuming my options top 2 choices are ER or IBD associate, what which to choose to maximize HF recruiting? Leaning towards IBD given the higher pay to future school loans, but afraid I’ll fall into the golden handcuffs. Any thoughts? Additionally, how often are MBA associates landing at HF’s after an associate stint.
(That’s not to say I won’t try to recruit for HF)
Based on the most helpful WSO content, here are some insights and advice for your situation:
Choosing Between ER and IBD:
Maximizing HF Recruiting:
MBA Associates Landing at HFs:
General Advice:
In summary, while both ER and IBD can lead to HF opportunities, IBD might offer a more direct and financially beneficial path. However, it's crucial to stay focused on your long-term goals and build a strong network to maximize your chances of success.
Sources: https://www.wallstreetoasis.com/forum/investment-banking/m7-ib-associate-full-time-recruiting?customgpt=1, Join startup HF or pursue MBA? Seeking advice.., Should I Slow Down?, Why do you go into PE only to go into HF, Security or Dream Job?
Bump
Will the MBA help with your investing knowledge ?
Nope likely not
Tbf neither did medical school but that’s the reason I got offers for ER and IB. It’s about getting back into the game sadly
Unless you are finding it difficult to get in front of funds now, MBAs will likely only hurt your chances of getting a HF job. HFs largely don’t value MBA experience and you’ll be competing against every 2+2 person vying for the same role.
Not interested in those types of funds. Mainly biotech. But I’ve only worked on the street for under a year. Need more time before moving to a fund
My sense is that biotech funds prefer ER experience over IBD, but I'd probably just go stalk the backgrounds of some of the good biotech funds out there to see what type of archetype they hire. Frazier, Ecor1, OrbiMed, Cormorant, etc.
Not sure if this is a hot take or not but think there's plenty of HF that recruit MBAs/summer associates of sorts. Perhaps it's only the top 4 or 5 b-schools that get looks but certainly seen plenty of H/W/S + Columbia (value investing program) all over the public HF seats... maybe a hair less common today than previously but still think there's some folks...
Also would just add post-MBA banking is way different than pre-MBA banking and equity research at that stage is by and large the best way to land at a public equity seat post-MBA. I don't think I've ever seen a post-MBA IB associate move to a hedge fund but plenty of post-MBA equity research people do.
What makes post-mba banking different than pre-mba banking from an associates perspective? Been hearing a lot of negative things about mba associate hires, and it’s making me nervous
It's just a stereotype... there's a lot of post MBA IB associates who enter the role and hold themselves above the analysts there that have been there for ~2+ years... when in reality they have less actual IB experience. Nothing more than a stereotype if that's what you're referring to
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