Major for HF

I am currently a high school student that wants to get in a field like private equity or hedge funds. I was thinking of majoring in finance but I’ve heard that majoring in a mathematical field like computer science or statistics is better. Which would be most useful in landing a job as a hedge fund or private equity analyst, and hoping I could get promoted from there?

8 Comments
 

It depends on what type of hedge fund you are targeting. Some funds are very quantitative and trade strictly on algorithms, only accepting STEM candidates. Other L/S funds are more project-based and focus on financial analysis for investment decisions. For these funds + private equity, a finance/accounting degree will help you understand the modeling/analysis process better, but for quant funds, a mathematics/similar degree will be required. It's worth noting that you can get into PE with a math degree so long as you learn financial analysis, but it will be tough to land certain hedge fund seats with a business degree. I suggest you do more research into the field to figure out which path you want to take, but a math major + accounting minor would likely give you the academic basis for any of those options.

 

Thank you for the advice! Which fund-type do you think is the best for promotion (I eventually want to get to a higher position in a firm), a fundamental type hedge fund or a quantitative one?

 

Doesn’t matter. If u already know what u want to do in hs you’re basically guaranteed a job. U have the time to put in 5k hours easy so u should be the best candidate at any interview u get

 
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