How to break into hedge funds? Where to send CV? (PhD Math + ML background)

Hi everyone,

I’m trying to break into quantitative hedge funds and I’d appreciate some guidance.

My background:

  • PhD in Mathematics
  • 5 years of university research + teaching
  • Master in Machine Learning (Python, ML, stats, optimization)
  • Currently working on an alpha signal research project (systematic strategies)

I’m struggling to understand where to apply and which hedge funds actually review unsolicited CVs. I am just sending my Cv to the offers on Linkdin, but seems  difficult to get interviews. 


Are there specific websites, platforms, or direct application links that quants use to get interviews?
Also, what is usually the recommended path for someone with my background to enter the quant HF space?

Any advice, insights, or suggestions,  would be greatly appreciated.

Thanks!

9 Comments
 

To break into quantitative hedge funds with your strong academic and technical background, here’s a structured approach based on the most helpful WSO content:

1. Targeting the Right Hedge Funds

  • Focus on hedge funds that value PhD-level expertise in mathematics, machine learning, and systematic strategies. Examples include Renaissance Technologies, Two Sigma, Citadel, DE Shaw, Jane Street, and HRT.
  • Smaller or niche funds with a focus on systematic trading or quantitative research may also be more receptive to unsolicited applications.

2. Where to Send Your CV

  • Direct Applications: Many hedge funds have career pages where you can apply directly. Examples:
  • Recruitment Platforms: Use platforms like QuantStart, eFinancialCareers, and LinkedIn to find relevant job postings.
  • Networking: Leverage your academic and professional network. Reach out to alumni or connections in the industry for referrals. Platforms like LinkedIn and WSO forums are great for this.
  • Recruiters: Specialized recruiters for quant roles (e.g., Selby Jennings, GQR Global Markets) can help place your CV in front of the right people.

3. Recommended Path for Your Background

  • Highlight Your Alpha Signal Research: Your current project on systematic strategies is a strong selling point. Be prepared to discuss it in detail during interviews.
  • Programming Skills: Ensure your Python, ML, and stats expertise is evident on your CV. Mention libraries like NumPy, Pandas, TensorFlow, and Scikit-learn.
  • Portfolio: Showcase any independent research, trading strategies, or machine learning projects. A GitHub profile with well-documented projects can be a great addition.
  • Mock Interviews: Practice quant interview questions, including brainteasers, probability, and coding challenges. Resources like WSO’s Quant Interview Guide or books like Heard on the Street can help.

4. Tips for Getting Noticed

  • Tailor Your CV: Customize your CV for each application, emphasizing skills and experiences relevant to the specific fund.
  • Cold Emails: Reach out to hiring managers or team leads directly. Keep your email concise, highlighting your PhD, ML expertise, and interest in their fund.
  • Internships: If you’re open to it, consider applying for internships or contract roles to get your foot in the door.

5. Additional Resources

  • WSO Forums: Engage in discussions and ask for advice from professionals who’ve successfully transitioned into hedge funds.
  • QuantStart: Offers detailed guides on breaking into quant finance.
  • Books: Quantitative Finance for Dummies and The Quants provide insights into the industry.

By combining direct applications, networking, and showcasing your technical expertise, you’ll increase your chances of landing interviews. Good luck!

Sources: So you want to be a Quant?, For those who landed as a quant with only undergrad degree, https://www.wallstreetoasis.com/forum/investment-banking/ib-vs-quant-salaries-quality-of-life-etc?customgpt=1, MIT vs. Princeton vs. Yale undergrad for quant hedge fund, Path to Quantitative Trader at Hedge Fund

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

LinkedIn applications rarely work IMO they are just there to remind people that the firms have job openings. You have pretty solid experience. Have you talked to anyone in the HF industry? Few names that come to my mind are Citadel securities, Point72, Millennium, TwoSigma, DE Shaw, Man Group, etc. you also have pure prop shops like JaneStreet, Hudson Rivers and Optiver who use their own capital. You can go to their Careers page to look at the openings.

 

Thanks for your answer.
Just to clarify — what do you mean exactly by “talking to people in the HF industry”?
I don’t personally know anyone in hedge funds.

I’ve tried reaching out to a few quants and traders on LinkedIn but most of them don’t reply.
Should I message a large number of people across different HFs and introduce myself, or is there a more effective way to do it?

Right now I’m also applying directly on the career pages of several hedge funds, but I’d really appreciate any specific advice on how to approach people in the industry or connect with the right profiles.

Thanks again for your guidance!

 

Agree with the other comments above. You really need to catch a wide net and network as much as you can. Cold emails/linkedIn requests all work but usually only a few will reply. Most of the people will be strangers but it's better than nothing.

 

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Ad porro non vel id cum. Incidunt quia suscipit quia. Soluta ad optio et ad officia. Et nemo corporis omnis commodi earum ipsam.

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