How important is GPA later on if I enter a MM HF directly out of undergrad?
Hey guys, curious on any advice regarding undergrad GPA, and how important it is after landing the first full-time hedge fund analyst seat.
I know it may depend case-by-case, but for some context-- currently at a T20, studying Math and CS. Heading to a decent MM this summer, interning within a team that's mainly quantitative.
I'm mainly worried about GPA when it comes to returning, as well as new-grad HF recruiting. Given that I study Math/CS, how much does GPA matter in HF recruiting in (1) new grad recruiting and (2) if I get the return offer, for later/experienced recruiting?
A GPA range for this would be pretty insightful to know.
Based on the most helpful WSO content, GPA plays a significant role early in your career, especially for new-grad hedge fund (HF) recruiting. Here's a breakdown:
New Grad HF Recruiting:
Later/Experienced Recruiting:
In summary, aim to maintain as high a GPA as possible, especially for new-grad recruiting. If you secure a return offer, your work performance will take precedence, but a strong GPA will always be a helpful asset in competitive HF recruiting.
Sources: Does GPA matter for Private Equity?, When GPA Matters, My Experience Recruiting as an Undergrad for Everything vs WSO Wisdom, At what point does GPA hit diminishing returns for recruitment?
Don’t worry about it. This is purely anecdotal, so someone correct me if I’m wrong.
For color, I studied finance at a non-target state school (i.e., not UNC, Michigan, etc.) and graduated with a 3.5. I was able to find my way into a distressed HF from college and have had no trouble with top recruiters and lateral processes. You also have the benefit having challenging majors at a strong school. Just make sure you have a good explanation if it comes up, but anything 3.4+ most people won’t care about, from my experience. It may be different for the MM HF world given how they tend to see things a little more black-and-white.
Either way, what’s done is done, just crush it in your role and let your experience and skill speak for itself. Keep your head up.
.
Awesome path, can I ask the types of distressed funds you targeted out of college? Going to one that doesn’t hire new grads for sophomore summer and interested in the space
Can you PM me?
were you able to get looks for l/s equity coming from a distressed hf, or were opportunities still in the credit/distressed space?
after my first FT gig on the sellside my GPA never came up.
If you don't have a Harvard MBA before age 26, just give up
If you don’t have 10 years work experience, a PhD, and creation of a unicorn startup by the time you graduate with your bachelor’s, you’re cooked. No entry level job for you
you aren't entering a MM HF directly out of undergrad so I wouldn't worry about it
bro fully came back 5 days later to hate more 😭 I respect that
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