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Sorry to sound cynical, but the most important thing to have is an Ivy League Degree on that thing.. There are thousands of Type-A overachievers with a degree from targets and if your education doesn't compare, you might as well get an ops job.
This was an absolutely stupid comment. I've worked at 3 highly successful and quite famous hedge funds, and I would say that in excess of 85% of the investment professionals (including myself) did not graduate from ivy league schools. Many were from complete non-targets.
If you are smart, and you want to work for a good hedge fund, your best bet is to have 1-3 high quality, well thought out and preferably modeled investment ideas. Obviously you need a solid resume to get a conversation, but you certainly don't need a 3.9 from wharton.
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