Seeking HF recruiting advice
I’m just beginning my third year at Jefferies in a solid coverage group within IBD. Have been a top performer the past two years and accepted A2A promotion to take advantage of the near-term compensation benefits while I figure out my next move.
As time passes, I’m realizing IB is not a long term fit for the following reasons:
1) Process-oriented workstreams are unfulfilling 2) Most work is not intellectually stimulating; I would enjoy a shift to more deep research, thesis building, and investing. I’m uninterested in PE 3) I don’t like the fact that my compensation is largely unaffected by my decisions and I want more skin in the game. Exiting to a startup is one option, but research and investing fits my interests and skillset
My questions:
1) Coming from a firm like JEF, what are my most realistic HF exits? I’m not banking on exiting to a tier 1 HF
2) Are there any courses / methods you would recommend to prepare? Other general tips and advice are also appreciated. I understand there are countless threads with advice, but I’m hoping to gather the latest thoughts from people who have recently joined a HF
Thanks in advance.
Based on the most helpful WSO content, here are some insights and advice for your situation:
Realistic HF Exits from Jefferies
Middle Market (MM) and Upper Middle Market (UMM) PE:
Sector-Specific HFs:
Fund of Funds (FoF) and Family Offices:
Preparation and Courses
Investment Banking Prep:
Networking Guide:
Behavioral Techniques:
General Tips and Advice
Deep Research and Thesis Building:
Stay Updated:
Consider Investor Relations:
By focusing on these areas, you can better position yourself for a successful transition to a hedge fund role that aligns with your interests and skills.
Sources: Jefferies SA 2023, Burned out HF guy, what are my exit options, Jefferies 2022, Q&A: HF Analyst @ $5bn+ Fund - Breaking In and Transition to Risk-Taking Role, HF vs Career Banker @ CVP/PJT?
1) do stock pitches (models and all)
2) figure out strategy you want. SM/MM etc
Overall, it’s very dependent on how well you perform in interviews for hedge funds. Assuming you can interview very well/follow the markets, you have a good shot at any of the large multi-manager hedge funds and could def land a solid SM fund, although don’t expect a Pershing square, Elliot, Viking type
I was in a similar position and ended up leaving JEF to go to a startup. I'm currently considering pursuing HFs so PM if you'd like to chat though I'm also here looking for advice.
Not op but can I pm you too?
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