Aside from bridgewater, do any macro hedge funds recruit at the top b-schools? I know that a lot of IM and long-short equity funds do recruit on-campus, but i'm not sure if this is the case for macro funds. If not, is mba>trading at a BB>macro a more common path?
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aqr? random guess.
Shorttheworld, AQR is a quant fund. They do hire MBA's but only for product management roles. For trading and research, they target undergrads and Phd's.
for quant funds, what is the difference between joining as an undergrad and as a PhD?
At the fund i work at - Undergrads join as analysts; phds join as associates. The work itself isn't too different - both start off doing more programming, making enhancements to the models. The analysts hired usually have significant research experience, and so can handle math and data reasonably well. That said, an associate might get more meaningful responsibility earlier.
thanks. so the undergrads tend to stay in the firm and move up, instead of having to get a PhD for promotion?
Yes. Unlike PE, where people are sometimes expected to get an MBA, there's no expectation to get a PhD. It's partly because there is an established IBD->pre-MBA PE->MBA->PE pipeline, while at HFs it's all about what value you can add. If you're good enough, you can stay.
I have heard of couple of MBAs interning at Soros - but I don't think they got full-time offers. I also heard that Ramius takes MBA interns, but what strategy you would be assigned to depends on their needs. Here are some other Global Macro shops that you might want to check out: http://www.hedgetracker.com/directory/Global-Macro
I probably spoke to soon, just came across this article about layoffs at Soros:(
http://www.reuters.com/article/2011/12/16/us-hedgefunds-soros-idUSTRE7B…
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