What are my options if I do poorly at an HF in my initial years?

Just got an HF offer off-cycle informally through networking. I was supposed to start in BB IB after this gap year (new grad role but a year delayed) and now I'm debating what I should do.


From reading other threads on here it seems like BB IB will open the most doors into big hedge funds, but I've got an offer from a reputable L/S fund in NY that I think I would really enjoy. Hours are more chill, pay is roughly the same early on, and the work is way way less boring. I want to accept the HF role, but will other shops frown upon this when it comes time for me to search for a new job? If I have 2-3 yrs of experience at this HF as opposed to IB, what will my exits look like? Not saying I'll definitely be searching for a new job, but just in case stuff hits the fan.


I don't know how hiring managers or more experienced investors would think about this; would they prefer the kid with 2 years of formal training and banking experience or the kid who has been actually in public markets for those 2 years? Am I perceived as having less transferrable skills without the formal training and cleaner slate?


Would love to take the HF role but if I'm shooting myself in the foot two years down the line just to avoid the 100 work week grind early on then I'll stick to the IB job.

 
Most Helpful

Depends on a couple things.

1. How big is the fund? MM or SM? If it's larger than $1B AUM, I'd say you're in the clear.

2. How sure are you that you want to do L/S investing for the rest of your career? It'll be difficult to pivot back to IB and next to impossible to go into PE, so if you change your mind and decide you don't like L/S investing your next best move is to go to b-school or pivot out of the industry entirely (which is not necessarily the end of the world, but I'm guessing not the ideal situation). 

 

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