Maverick Capital - Undergrad Recruitment
Just saw some people discussing Maverick hiring out of undergrad. Any idea how one gets a shot assuming you're at a top target?
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From what I’ve heard. They do hire interns from undergrad but I was told by someone there that the recruitment is limited to Harvard, Wharton and Stanford. Add some outliers from other schools.
How do you get a look from these schools? I assume it isn’t handshake posts…
From what I know and heard from people who got in the stage, H,S&W have their own job portals where there should be an opening. If not, someone from the fund will reach out.
People see one guy join Mav full time and assume they recruit undergrads / completely write off:
1. Who the kid knows / how he got the job…
2. What group the kid will be in
Internship, yes. Does that convert to full-time? No. Do interns do meaningful work? No lol. No, they don’t recruit full time and don’t have an official junior analyst program. Do you know Lee?
Why do these funds like to take interns with zero intention of converting them from the start?
Not at maverick but at a similar fund that has taken undergrad interns before and it’s usually some senior guy being like “hey my friends kid doesn’t have anything good lined up this summer, can he hang around here?” And so, the rest of us have to babysit some kid who does nothing productive.
Small family business yes, but even at Maverick?
But I mean, funds like Oaktree have entire internship programs that don't convert people (or very very few of them)
I know of a bunch of places with this dynamic - enough senior people or whoever were asking “can this kid work here for the summer?” Doesn’t have to be a small family run shop, and when it’s an even bigger shop it’s harder to come up with a solid reason why they should say no to letting 5 well connected and driven kids be there for the summer.
Eventually turns into, we run an unofficial internship program, and maybe into a semi-official program after doing it over a number of years.
It’s not that significant of a time suck, depending on how many kids you hire and how much mentorship you do, and it gains favors. World has always worked this way. Sometimes some kids will really show their ability, but they still almost never will know enough or have enough experience to start full time afterwards, because it’s not like the banks or other firms where the 1st years have a pretty structured training and development path.
So the answer is it’s easy to hire some interns and doesn’t take a ton of effort, they gain favors with people, once they do it a few times it’s not that big of a deal to do it again next summer, and they don’t view it through the lens of using it as a pipeline for full time (usually) since they still won’t know enough to be a proper analyst.
Plenty of large places like Oaktree take charity interns that are not part of the official internship program.
was at a small hedge fund as a freshman and they hired and paid me like 50/hr to revamp a marketing deck about their strategy lol
then they gave me some data related tasks and entertained me by letting me ask questions on alphasights/sell-side calls and let me do some actual L/S idea gen/deep diving/"fun stuff"
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