What if I flush out of a HF after undergrad?

Have the opportunity to do BB IB or SM HF out of undergrad. SM HF is the long term goal and I'm pretty confident I'd do well in that role (did one internship in IB and the other at a similar HF). I know SM HF type investing is my long term goal, which is why everyone I've asked has told me to start down that path as early as I can since I'm certain that's what I want to do in the future.

My one hesitation though is what happens if I don't perform well and end up washing out within a year? Not like I could end up back in IB after a stint like that. What are HF exit opps like if I don't last very long there? I'm assuming mostly other HFs but would I even get any looks?

Comments (10)

Most Helpful
  • Associate 1 in IB - Gen
Sep 24, 2022 - 4:25pm

Scared money don't make money.

Be willing to bet on yourself. Work your ass off. You will get knocked down daily, but everything will have a funny way of working itself out.

Sep 24, 2022 - 6:20pm
sad fuck, what's your opinion? Comment below:

What HF is it? How many AUM? If you flush out of undergrad it depends on the name brand of the fund on your long-term prospects. I know people who have flushed out and end up going through the P72, millennium, and other pod shops. Moving to other SMs requires a ton of networking which might be doable. But PE will basically be out for you (absent like super rare instances). 

Sep 24, 2022 - 10:04pm
MMPM, what's your opinion? Comment below:

You say in the first paragraph you're pretty confident you'll do well in the HF role, then you go on to ask "what if I blow up?"

Sounds to me like your definition of confidence is different from most people's.

  • Research Analyst in AM - Other
Sep 27, 2022 - 11:57am

Isn't the premise of what he is asking based around the fact that he wouldn't do banking? Anyways from what i've seen likely be to other hedge funds or maybe AM. Credit shops could be possible also depending on what you was covering at the HF.

  • Analyst 3+ in HF - RelVal
Sep 28, 2022 - 10:15am

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