There are lots of comments on how ER sets you up better for MM and IB (PE optional) would be better for SM. Would someone with both be well-positioned for all of the above or would it be perceived as indecision and too much time on SS? Any difference in outcomes between IB to ER to HF vs ER to IB to HF?
| +24 | James Fishback | 9 | 3h |
| +21 | Future of L/S | 5 | 3d |
| +17 | Latest blow up / wind down | 25 | 2d |
| +12 | Looking for Fund to Partner With - LMM Activist | 4 | 13h |
| +10 | SM L/S Compensation? | 3 | 15h |
| +9 | MMHF Central Execution Trajectory/Advice | 1 | 1d |
| +9 | How to prep for credit HF? | 4 | 1d |
| +9 | Moving from credit to equity? | 3 | 4d |
| +4 | Jensen Huang | 1 | 8h |
| +3 | Chefs at Pod Shops | 2 | 3d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
I’m also curious on ER to IB to HF
Define well positioned.
Neither ER or IB actually sets you up or trains you up to do “well” in either style. I’ll caveat this saying ER is usually aligned closer with MM hiring demands, given you’re already looking at stocks and building industry knowledge, as well as learning what pods (who are the brunt of BB clients now) want. That’s still a far cry from positioning you to materially outperform your IB counterparts in MM world after a year or so though.
It’s generally more about optics, if you want to keep all hedge fund doors open, I’d say do IB on its own. No need to do additional ER.
I think you mostly covered it but I guess it would fall under the optics in the sense that investment banking is often preferred as previous experience for HF positions.
I’m currently in ER now and feel that it directly translates to the role more. Therefore, my line of thinking is that a background with the role/work of ER and optics of IB would theoretically be ideal for a HF role.
Omnis dicta et quos eos repellat minus. At quos sequi ex sit voluptate. Debitis quo quia voluptatibus dolorem animi. Laudantium dolores repellat et temporibus velit nulla architecto.
Et quo nisi labore quas minus. Itaque quia corrupti atque aspernatur voluptas. Voluptatem unde quis et ratione possimus laborum autem. Aut cupiditate et exercitationem. Deleniti cumque recusandae eum. Autem alias et voluptas aspernatur ut.
Est corrupti iusto iure molestias officia neque et. Cum tempora sunt sunt quia et. Optio cupiditate quasi cum ut. Ratione hic corrupti perspiciatis molestiae. Tempora debitis in magni.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...