Optimal Path to HF
Hello Monkeys,I am posting because I am really looking to break into a top HF or MM firm (either quantitative or classic) out of undergrad or maybe 2 years out. I am a junior in engineering w/ a high GPA and have a BB S&T accepted offer for next summer locked up already. Just started a internship as an ER intern; I'm wondering if I want to break into a HF, should I keep going the S&T route (FICC trading emphasis) or try to break into the ER/ IB space and go from there? I love the idea of activist hedge funds, arbitrage focused funds and L/S funds and I think I would be a perfect fit. I have limited coding knowledge but am starting to take a few more classes jr/sr year. I’m non target and have strong people skills. Please let me know your thoughts!
Bumping myself
Have an internship offer a top MM hedge fund so hopefully can shed some light on this. If you're aiming to work as an analyst/PM at an L/S equity fund, you're not going to do so from S&T at all. The requisite skills aren't built out from S&T so you'll need to dip into ER or IB. Alternatively, you could apply to the market neutral podshops out of undergrad.
Thanks for the advice, you haven’t seen anyone go from s&t to MM at all? How did you end up getting the Mm internship offer?
There’s probably a few that have done but it’s by no means a standard path. I mean think about it, it’s sorts like becoming a surgeon when you’ve trained to be a dentist; there might be some operational overlap but the “body” of what you have to do is different. You probably won’t have the technical skills needed to get a gig there anyway as idt s&t really does accounting, 3FS modelling etc.
and I just applied to the summer internship online
Citadel recruiter reached out to me for full time L/S equities role (in Citadel not CitSec), would this be worth pursuing
Ficc trading would be a good route to keep going if
And ofc, if you have a specific product you’re interested in.
From what you said, it’d benefit you to dip into ER/IB spade.
Is the trader role in a fund is less idea generation and more execution unlike analyst/pm work?
If you're interested in activist, risk arb (e.g. merger arb or special sits) or L/S then those are pretty much served by IB, the former two pretty much exclusively so.
Activist is usually even IB -> PE.
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