Hi I am currently working in ER but looking to break into investing (L/S HF) Based on quick linkedin search, most people have 2 yrs in banking, 2 yrs in PE before joining the HF. How hard is it to break into the HF space with an ER background? Should I bite the bullet and try to do banking for a few years?
| +24 | Disciplined but sad / feeling burnt out | 8 | 12h |
| +11 | How is deferred comp invested in hedge funds that use a pod structure? | 2 | 4d |
| +7 | Are Big4 MMHF grad programs still worth it? | 3 | 7h |
| +6 | Point 72 Referrals | 3 | 5d |
| +6 | Albar capital? | 0 | 19h |
| +5 | Back office keeping messing things up | 2 | 1d |
| +3 | Linonia Partnership | 3 | 1d |
| +3 | Lone Pine Co-CIO Leaves for Atreides | 2 | 2d |
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.
Most would argue a ER background is more relevant for public equities investing vs banking so from a skills standpoint I don't think it's worth doing IB. It's not really fair to look at linkedin sample size IB > HF vs ER > HF since ER is much smaller so naturally you'll have fewer people going to HFs.
Source: did ER > HF and know plenty of sellsiders that ended up on buyside
It's just sample size bias - the absolute number of IB-turned hedgies is higher because there are more people going into IB every year versus ER. With that said, the elite hedge funds are enamored (I don't really know why) by the typical "Ivy League and then I did 2+2 IB/PE" type. If that's your goal (which it shouldn't IMO if you are just chasing prestige / pay without assessing fit), you could try to do IB, but then you must get top BB IB and then Mega PE experience, which is a rite of passage by itself and is no guarantee that it will lead to a Pershing Square or top Tiger Cub spot.
What would you say if someone asks you whether he/she should get a MBA from Stanford if a tech startup founder is all that he/she wants to be? Many startup founders have a MBA from Standford and get millions of funding from VC. So maybe that is what they need.
Fugit facilis dolor numquam eligendi. Qui nihil provident sunt qui. Id harum expedita voluptatem necessitatibus odit corporis qui. Corporis neque et est natus ea delectus doloremque quam. Voluptatum iste ea accusantium qui vero assumenda eum.
Quos possimus sit ut impedit. Mollitia illum dolorem ut officia repudiandae necessitatibus voluptatem quia.
Sit cumque perspiciatis hic mollitia. Aut ipsum in molestiae tempora illum maxime libero.
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...