MFPE Analyst Program vs MMHF Acad
answered - thanks :)
Trending Content - Hedge Fund Forum
| +26 | Comp Negotiation - L/S Equity at a Pod | 5 | 17h |
| +23 | Breaking into Hedge Fund as Rx IB VP | 6 | 14h |
| +21 | Credit HFs - Long/Short Credit vs. Loan to Own | 4 | 3d |
| +20 | Am I crazy | 9 | 1d |
| +18 | Q&A: US Power Trader (Prop/HF) | 9 | 23h |
| +17 | Tech Public Modeling | 8 | 4d |
| +12 | Freshman targeting macro pods, need guidance | 1 | 1d |
| +6 | LO to HF or HF to LO - which move is easier? | 1 | 3d |
| +6 | Working in HR/Benefits | 2 | 2d |
| +3 | Credit pods | 1 | 1d |
Career Resources
If not sure of long term goal, take the PE gig
M and WP? if So, WP.
Would only consider CAP for that list if your not sure what you want to do, with lean towards MF PE. Those are great seats. If you know you want to do publics, P72 or CAP.
somewhat confident i want to do publics, but feel like I would rather do SM than MM for all the general reasons (better stability, higher base pay, etc etc)
maybe there 10 SMs out there where you can be a good investor and keep autonomy with having a cushy job, where you need to come from IB/PE.
you will need to time it so that a few of them are actually looking to hire over your PE stint, without losing time in the public markets.
unless you want to be Ackman’s analyst or something, where if he is done with you, your career is then over.
If you did some LinkedIn research, you would be able to find multiple examples of people at both sms and mms that have come from the pe analyst path and not. Perhaps those empirical data points are more useful than theoretical advice from anons? Perhaps you would aggregate a list of 100 of those individuals in excel and trace their career history and see % splits across where they come from?
A lot of the above is bad advice. Headhunters reached out to everyone in my MF PE analyst class about Viking 3 months into the job. Its pretty common in these classes that only a small portion are interested in HF due to career volatility / perception as declining industry vs late-stage VC, crossover, search funds, startups, staying in PE, etc. If you are opportunistic with recruiting you will have the pick of the litter, may have to downgrade if you are recruiting on a tight timeline. Can easily go MM too if you want, though most choose not to.
I would only skip the MF PE program if you dont think you could handle the lifestyle for a year or two before leaving
100% agreed. The learning and optionality of the MFPE analyst seat is way higher. If you are 100% set on MM and publics, go do it now. If not, get great training & brand, and you can re-interview / reconsider MM etc later.
2 questions for you both:
1) am a bit worried that if i say no to the MM right now, they will not want to extend me an offer 1-2Y from now/wont want to interview me, if that makes sense. is that how that works/would that be a risk?
2) why is it that HF is perceived as a declining industry? seems like earnings for someone at Viking are still much higher than a VC associate, for ex?
hard to give good advice, but sometimes a good question can be worth 1,000 answers. So here we go:
Who do you look up to more and want to be like more in terms of the founders/leaders of those funds?
Who did you enjoy being with more during the offer / interview process?
What may you prefer to be doing over the next 12 months?
What may you want to minimize regret wise if you make it to 80 and are looking back on your decision for a first job out of undergrad?
Who is offering you a better compensation package in terms of cash compensation, benefits, ability to do things outside of work / pursue personal interests, etc?
If you took one of those jobs and just straight up got fired within 12 months, which would you be happier that you at least tried?
Good luck.
Not sure if OP is lying about his situation since there are 50 threads on this site on the same topic and I'd expect someone who has both offers to 1) have a network to ask instead of posting on WSO and 2) have some modicum of critical thinking and pick the obvious choice.
Assuming this isn't a fictional scenario, the answer is MF PE 10/10 times. I was in a similar situation out of undergrad and took the MF PE offer. Exits, optionality, risk/reward, branding, ability to focus on learning the simple things (how to model, how to communicate your ideas, etc) instead of being thrust into a random pod/difficult investing seat, etc, all skew towards the PE role. Easy choice.
not a fictional scenario. have asked my network and gotten very split responses, 60p say MFPE 40p say MM.
not sure the choice is so obvious. i agree that exits and optionality are higher, but i feel like optionality is a curse/handicap at times -- the smartest, best performing folks dont optimize for optionality and just go and do smart things. seems to me like the best-performing folks did not optimize for optionality -- they bet om themselves and are killers.
You are a college student, you don't even know if you're capable of performing in a publics seat. You won't even be a +ve to any fund until you're 1.5-2Y into the job. You are also not necessarily optimizing for just optionality, you're optimizing for the ability to learn at a sustainable rate to benefit you in the long run.
Who are these so called best performing folks you're referring to that just, in your words, "go and do smart things" (which I assume is working at a pod out of school? lol)? The most successful, best performing people I know did not work at a pod out of school. What happens if you get placed in a bad pod? What happens if your PM does not teach you or care about your development? What happens if your pod draws down 2mo into the job? What happens when you can't handle the stress of being forced to perform right out of school? Not saying these issues are not present at MM/SM after PE but they are far more avoidable and you will be more prepared for the 'newer' aspects of the job as you have an existing basic skillset from PE. Sure you could be 1 of the 2 guys out of 30 or 40 or whatever the class size is these days at Point72 academy who absolutely kills it or gets lucky, but would you take those odds?
Make whatever choice you want but choosing to get placed a random pod over working at Blackstone or Silver Lake is just inane. Why not just do a year in PE and actually get to choose the pod you want to work at if you're so excited about the prospect of working at a MM. I know I sound critical but I just don't see the logic in your argument.
you'd be stupid to not take BCP/WP/SLP. if you dislike, you can go to MMHF or optionality to a top SM HF. you'll get good modelling experience either way, incredible exposure to deal flow and operating build, an even stronger resume boost, etc...
the way i'd think of it is, you can do MF PE -> MM HF but probably not MM HF -> MF PE (at least unlikely for BCP)
Can I have one
In beatae esse voluptatem sint. Repudiandae optio vitae doloribus ut. Eos et et architecto quaerat. At occaecati qui voluptatem adipisci est et nobis. Itaque et eos sit incidunt et. Non omnis vero sed maxime.
Dolorum rerum sunt animi autem. Repellat et rerum ex doloremque deleniti ut voluptas. Iusto ut laboriosam ex molestiae tempore cumque eveniet.
Doloremque ipsam est omnis aliquid deserunt neque. Maiores enim et impedit molestiae nobis libero ut. Alias ea autem eaque sed aperiam esse et. Sint ullam unde placeat ut repellat impedit. Unde voluptatum explicabo nihil non suscipit atque. Voluptas unde aut voluptas voluptas possimus. Beatae officia omnis eum ut molestiae ut saepe.
Harum et dolor debitis optio architecto nostrum sed. Voluptatem reprehenderit est culpa omnis officia facere in. Facere est temporibus consequatur id quos.
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...