Is nowadays a PhD compulsory to break into HFs?
Everyday I see tons of people at HFs or large prop shops that have PhDs.
Even at my desk (t3 bank think SocGen UniCredit Commerzbank ING) 2 out of 3 quant trader/strat have PhDs
Given my dream is to break into HFs I was wondering if is worth it to concentrate in this path instead of continuining with banks
About me: I did a bachelor in finance in a non target Uni (still strong in the region), master in London at a semi and few finance experience (S&T and CF) Might a PhD in a top uni in a field like financial econometric/financial math/finance give me an edge to break into HF? Unis like Cambridge /Oxford have HFs like Cantab or MAN behind them.. same I think in the US
I am specialised in volatility and EQD as well as crude trading. I am implementing my algo strategy with Python on crude markets and could prove a decent track record
thoughts?