POST MBA-IB Role to MM HF
I'm planning to start an M7 or top-10 MBA program next year, with the goal of recruiting into investment banking. I’ve previously worked at bulge bracket firms and most recently held a product management role at an asset manager.
Longer term, I'm interested in transitioning to a role at a top multi-manager hedge fund (Citadel, Balyasny, Millennium, or Point72) after 1–3 years in investment banking.
How realistic is this path? Would it make more sense to target equity research right out of the MBA instead? I have a quantitative background, including a master’s in statistics, and I'm ultimately looking to build a long-term career in public markets.
Don’t know the whole picture but I have two examples with real people:
M7 MBA > top tier banking > Lower tier MM > top tier MM analyst
M7 MBA > top tier banking > Top MM Training Program > top tier MM analyst
All in, it is about a 5-6 year investment that is doable if you are extremely motivated…. and with a little luck
I'm an older applicant ~30, will that affect anything?
on a different thread someone mentioned they joined a MM around 34 I believe
Harder to hire a totally new analyst at 35/36, would think more PMs wanna train younger talent after they do banking/PE, but there are no hard rules in this business.
You may also need to consider if you are able to stomach that kind of risk at that age because if you flame out of the pods (the median outcome) you’ll be on the older end for jobs thereafter.
Highly unlikely you stick with this route imo. It is doable (pods are always hiring) but at your age the larger teams which have somewhat structured their hiring for junior talent will not look your way.
And would you even want to? You'd be joining as an associate in IBD, 2 years into the job, your comp will be above what you'll be offered at a pod for Y1. Your risk/reward at 34 or w/e is going to be skewed i suspect.
any stories of folks going to back to IB given they blew up at a pod?
Go for it dude. Just try and use as much of your existing background/knowledge base to differentiate yourself. There’s a 100% chance that if you can apply your quant skills to your current industry and create actionable trade ideas that you’ll get all kinds of looks.
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