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Did the opposite...not sure why you're wanting to go from L/S equity buyside to S&T sellside but to each their own.
Just do the internship and apply to BBs for S&T next year; the technicals won't be directly relv so you'll need to brush up on it but if you have P72/Citadel on your resume getting interviews will be pretty easy. After all most want to go from sellside to buyside, not vice versa. Just have a solid why S&T and why not L/S answer when the time comes.
fwiw trading is very overrated at equity hedge funds. Its mostly execution work.
Tbh I'm a little bit worried about job security a couple of years down the line, which is why I'm thinking that a job on the public markets in a bank could be a good option, as it pays relatively well, and also offers pretty good stability.
As you mentioned it's def not my first choice and I am going into this internship with the intention to do well and go for FT at the HF. However, I just want to keep my options open down the line
It is public markets but you're not exactly engaging in them in the most meaningful way...job security in S&T is very desk dependent too. Some areas will be automated out in the next few years and headcount will decrease further, especially heavy liquid/flow/execution desks.
I don't want to shit on S&T; I found it very interesting before I got my hedge fund offer but its something to think about. If you're passionate about investing I wouldn't worry about job security a few years down the line.
Anyway sorry for forcing my opinions down your throat; main thing is you will be fine applying to S&T after your internship but you will be required to learn the relevant technicals. If your current internship is for Long/Short equity you will need to reframe your thought process for S&T. L/S is bottom-up, single name analysis which focuses on the business and equity itself and its positioning in the larger market. S&T is top-down, not really getting into the weeds on any single name, and is much more macroecon focused so you'll be considering the impact of the economic/geopolitcal climate on markets as a whole rather than specific stocks or businesses.
Again not something to worry about right now. Good luck with everything.
Will P72/Citadel on your resume and the fact that you gotten past those insanely difficult interviews
Chances of getting BB S&T is like 99.99%
Dont really understand why you would want to move to BB S&T from those cool shops.
I moved from doing BB S&T to HF although its pure systematic equity LS so might be bit different case. But echo everything 1st guy said: traders at equity hedgefunds will likely be execution traders..maybe 90%.
And if you do an intern at one of those funds mentioned, ur resume would become much stronger when FT recruiting. Trust me.
And ur already a smart person to secure internship from those funds. DO NOT APPLY TO BB S&T for full time after the internship. You can always apply to Props or HFTshops for full time and you will have a much better shot of passing resume screening with those internship compared to BB S&T interns, taking ur majors into account.
Appreciate your answer. One of the reasons why I was thinking about that is that the team I’m on at the HF is a very niche strategy (not the kind that would allow you to something different a couple years down the line). The FT offer also wouldn’t rotational, and I would be placed on that team indefinitely.
I’m thus concerned about potentially pigeonholing myself, and tbh comp out of school is not something that motivates me that much. I just want to have a job that gives me a lot of exposure to various different things so I can find exactly what I am most passionate about.
Which is why I was thinking doing S&T would give me the opportunity to get my hands dirty with different asset classes.
Delete. Ignore what I'm trying to say.
lol cope
Sorry to offend but it's the truth.
you get to work at a hedge fund out of university. its the biggest buy-side head start you can get; the issue is most people just aren't cut out for this industry.
also if you're doing L/S, you're not recruiting for s&t...you'd be into IBD or ER
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