Looking for middle tier HFs
Hello y'all, I am a 1st-year analyst in IB (ignore my title) at a middle-tier MM bank (Cantor, Truist, Oppenheimer, Stifel, Stephens). I am part of the TMT group and I am looking to make my jump to the buy side, looking to land a seat at a HF.
While I would love to end up at a top MM shop (Citadel, Millenium, Point72, BAM) not sure if I can do that out of the bank I am at, I can try, but I would prefer to target a middle-tier HF where I have a higher chance of getting hired.
My problem is that I am not sure who these middle to low-tier HFs would be. Any help would be appreciated.
Looking for middle tier GFs also
I’ve seen people break into the top MMs from MM banks tbh, at least in my region. Reach out to BizDev. People at these shops care less about pedigree and more about your ideas/ability to make money
Maybe try Verition?
Your premise is off. Nothing preventing someone with your background from getting into a MM. In fact, likely more feasible than getting into one of those "mid tier" that are much more opaque about hiring.
Tiger cubs or SMs could be good backup for those that couldn’t get MM job. Viking. Lone pine, Coatue type or their tier below can prob get you a big 4 MM role after
least funny comment
wtf is your problem?
Please stop kidding yourself. Any MM banking analyst from Baird or WB can LinkedIn message a biz dev analyst for a McSeat at a MM.
Coatue?
Lol "Middle Tier," I suggest you read up on the industry first bud
Thanks for the suggestion, ER associate
HFs aren't based around "prestige," its based on returns. The MM you listed aren't the most prestigious and definitely not where you'll see the highest returns. You're gonna be monkeying away building models, badgering IR to try and read a quarter, all for your PM to trade on price action.
I would much rather work (and learn from) a SM with $500mn-$1bn AUM earning triple digit IRRs (they exist), working 60hr/week. Looking for the most "prestigious" funds is a fools errand. It's more about what style, WLB, Comp works for you - exactly why I went into ER and not IB
Sometimes I do not get this site. The two posters above are literally saying the same thing. Except one prefers a larger platform, one a smaller platform. So entire time they spend bashing the other’s platform. During the debate they actually both mention what to look for in a quality seat regardless of the platform.
OP makes a snarky response cause in their mind they cannot land a job at a large platform but also look down upon smaller platforms. So a mystical middle tier must exist to fit them just like it does on the sell side. No mention of the skills they gaining at their bank and even if they want to focus on TMT just “we middle tier”.
You don't need to get it. They both can easily be high schoolers fantasizing and might both end up at Northwestern Mutual.
It's really exhausting to see MM and Tiger-cub supporters bashing each other on the site instead of providing really useful stuff about the nuance in thought & implementation process
I do not support either option, I was more referring to smaller RIA-type funds
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