Stay in PE or potentially recruit to HF
Hey All,
Currently a Assoc 1 in an UMM / MF (second tier, not the H&F / BX ones). I generally find the job ok so far even with intense 100 hour diligence weeks. I think the work is somewhat interesting but granted it can be a grind with a month straight without weekends. I am thinking about the HF route but mostly because I understand the pay is asymmetric where you can hit the 1m+ or even more quicker. I understand on a risk adjusted basis, people have said that PE probably makes more money so having a hard time deciding how much I want to go for HF. I don't know much or have a distinct passion about stocks as I don't really follow companies or try to understand why the stock goes up. No idea how to think about stock pitches either. I am very interested in Poker and somewhat good at it (low stakes) but understand thats also a different thing. If I were to look into HF just for the purpose of comp, does it really make sense or just try to stay in PE and get promoted as there is a decent visibility of senior assoc vs being kicked out (or lets suppose that is the case here). Would just be curious on what people's perspectives are and if I should really all into try to to to a HF (preferably SM if can get in).
Are your parents rich? If so, I wouldn't stick in PE
Yeah parents are well off probably have 5-10M of safety net if needed. You would say that would be a good reason to consider HF
Respect for grinding with the safety net, could’ve been an artist in Bushwick.
If you don’t like stocks then you won’t last at a HF
Fair point, I wouldn't say I am not interested its just more so don't have much experience. Didn't fullsome love doing PE either but grew into it as I got used to the work. If don't have the drive to look at company reports or earnings maybe its a sign
It’s a hard job in a very different way than PE. It can be very demoralizing, and it’s very stressful.
If you aren’t already grinding stocks on your own HF isn’t for you
What does the college senior going to a micro search fund know about hedge funds lmao. Go do your homework.
Ignore it man I didn’t give a shit about stocks and was in the same type of PE firm as you then got my MBA and went to a SM and it is a lot of fun. 1y on the job but night and day happier than PE.
Interesting, would be curious on your perspective for a couple items:
Appreciate in advance!
Do not do an MBA if you want to go into HF, it's a waste of time and will actively make your search harder (funds target 2+2 backgrounds and don't know how to deal with 2+2+2, especially when timing is less flexible around school schedules)
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