I guess this goes for global macro, but it could apply to any fund. How often do you see people transfer from a quasi-public organization like the IMF, World Bank, central banks, and into a hedge fund? The IMF and FRB have pretty interesting two year programs where you are a research assistant and then you pursue a doctorate or get the boot. I have no intentions of getting a doctorate, so I'm wondering if anyone is familiar with this type of move.
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http://www.wallstreetoasis.com/forums/how-to-get-into-global-macro-hedg…
its mentioned briefly in this thread... don't know if this helps
That was what got me thinking a little more, but I was looking for a little more specific stuff like, "the fed has a good feeder program" or "avoid the world bank like the plague", and possibly, "I have done business with quite a few former IMF researchers". Basically which of these organizations has te most useful analyst programs or connections.
No idea. After reading that thread last time I looked at the IMF website to see what sort of jobs they had... if I remember correctly, they had some sort of intern/full time program for econ grad students. Then I briefly looked into getting a graduate degree in econ but it seems like some programs make you stay on and do the phd (plus i'd have to take GRE's... not worth it since I'm halfway into gmat studies)
I saw the IMF has something for qualified undergrads which equates to a 2 year analyst program, except about $200,000 less in comp. I think the $200k in foregone pay will be made up with the connections if I do a decent job (assuming I am hired). I'm considering these programs more as I realize I am better suited for research and letting someone else do the trading.
Keep in mind those organizations are bureaucratic in nature, this attracts a different kind of animal in the upper levels. Different ballgame.
That is no problem if I am doing two and out. I have no interest in working at any of these places long term, and some of them recognize that they are stepping stones for law/finance careers so they get the hint.
Where I work there are a few analysts and PM's with previous IMF-type experience however they usually are not guys who just worked there for a couple of years in their early 20's. Same thing goes for central bank experience. Usually its someone with big-time, high-level connections who can actually help the fund gain insight into the thinking of the organization. A job on the money market desk at the Fed or as a staffer in any central bank is a good example...these guys worked at high levels and at least for a few years after they leave have good insight into what the organization is thinking.
^^
i guess this isn't a quick way into global macro... we will have to find another way
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