Looking to go into banking from HF - would appreciate any mentorship.
I've been doing arb at a hedge fund and highly structured capital markets trades for the last two years with some very light fundamental work on some high yield credit names for the last ~6 months. I'm generally considering moving into banking because I think it would build a foundational skillset, and most of my fundamental analysis skills are self-taught and I have a lot of difficulty benchmarking myself because all of my peers at work are VPs/Principals with wizard-level knowledge than blows me the fuck out of the water. I found one role at a BB that seemed to be for people from non-finance backgrounds that was an associate role in IB, which I applied for and am vigorously networking for, but I was wondering if it was common for one to be able to lateral from a hedge fund to a bank. My long term goal is to go into UMM/Buyout PE to make enough money and then go do a niche roll-up strategy in REPE (but need that PE comp first, my understanding is its higher). I'm leaving my job as my 2-year analyst program is over and am slightly concerned that I'm going to be stuck without a job. I'm interviewing with some specialty finance shops that are ok but I'm worried that comp is going to be capped and I also don't want to pigeonhole myself.
I apologize for the desperation, but I would appreciate some advice and mentorship here - I feel a bit lost here and I'm worried my background has closed some doors for me. For what its worth, I'd be happy to share some RE-related investment ideas (via pm) as a paltry form of compensation for some advice (not sure this is worth anything but I think they're kind of interesting). At this point, I've already busted my ass and grinded for the last two years and I'm happy to keep doing it, I just don't want the light at the end of the tunnel to fade to black. My parents are immigrants and worked hard so I could get a great education at a prestigious school and be happy, and I know sometimes they're worried that I seem upset. More than anything, more than how much I want to outcompete my peers and be at the front of the pack, I just want to truly make my parents proud, like, knock-it-out-of-the-park-proud. The drive behind my ambitions is mainly just a way to express gratitude to my parents. And I want to do it while they're still around.
That's all y'all - I know its a bit senti but sometimes you gotta just let it out and do full stream of consciousness.
Bump
Not sure whether the timelines work but perhaps do an MBA and/or Masters and take it from there?
Alternatively if you currently work in risk arb you should surely have some banking contacts you can leverage?
MBA/Masters is too much of a time commitment/moneypit. I didn't do risk arb, so banker relationships are limited.
Nihil ad fuga consequuntur optio quo. Dignissimos quia iure dolor. Dolores rerum sit esse ipsum voluptate. Et voluptatem labore omnis cumque enim. Optio minus totam eligendi expedita.
Et enim cum dolorem nemo sunt impedit. Incidunt illo quisquam eos libero corrupti quo. Itaque est vero aut praesentium omnis consectetur nemo.
Distinctio exercitationem voluptate qui architecto dolor. Vel facere eligendi nemo mollitia laudantium saepe odio. Tenetur iusto error nisi dolore fugit officia tenetur.
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...