Working for Uncle
I'm a rising junior at a target university interested in eventually working on the buy side, for either a PE firm or HF. My uncle (same last name) runs a HF out of chicago and has offered me an internship for this upcoming summer, and has also talked about it possibly leading to a paid position if I do well. My questions are:
Does working for a relative look illegitimate on a resume?
If he offers me a job, would going from undergrad straight to a HF, especially one run by my uncle, be too risky?
All feedback is appreciated, thanks.
Find my a resume that says
and they know it's run by your uncle how?
would it be risky if it wasnt run by your uncle?
Is your Uncle a dodgy character?
this is a dream situation, stop showing off, git.
A google search of the firm's name would pull up my uncle's name immediately, it's a very small firm and he's the PM. He's not a dodgy character at all, I just feel like an internship where your uncle is your boss makes it seem like it wasn't earned, and thus fairly useless.. At least compared to an internship at a HF or IB where I had to go through rounds of interviews and more competition to land the spot.
25% of my uncles are in prison, I have 8 uncles. Of the remaining 6, two are truck drivers. Of the remaining 4, two are unemployed, one of which is also alcoholic. Of the remaining 2, one is "trying to get his life back on track" by taking online courses at UPhoenix.
What about the last uncle, might you ask?
Would you be surprised if I told you he runs a hedge fund? Me too. He OD'd in 2002.
Now shutup about your goddamn uncle and take the job.
blackhat you're one of the users i'm most looking forward to meeting in nyc, i bet you have some interesting stories to tell
I take pride in my awkward upbringing. Definitely some interesting stories to tell.
Networking with family (and family friends) almost never fails. You should be glad to have an uncle who's willing to offer you, what seems like, a respectable job. Stop worrying
Uncle Rob
More like Uncle Ken!
experience is experience, regardless of whether you got the job through family connections. I doubt anyone will even notice anyway.
Nephew..i told you not to fuckin talk about the position and how you got it..i'll find someone else..honestly i'm very disappointed in you..did you think you're the only person in the world that uses WSO? did you not think it's possible that I have an account..
Uncle Tony
Well played humble brag.
Take the internship, but don't disclose to anyone you talk to (interviews, informationals, networking, etc.) that you got the gig because you're family.
That's what I'm afraid of. if a recruiter does a background check by looking up the firm they'll see the connection.
Apply to Goldman afterwards, I'm not sure El Blankfein could use it against you without calling the kettle something racist.
And then what, they'll not hire you because of that? The point of these internships is to get experience on your resume in order for you to land interviews. Once you're in the interview, as long as your likable and show your competent enough to do the job it won't matter where you interned.
If you don't address it they can't prove it.
This will not happen. A recruiter might google search your name. They are not going to realize you are related to him; not every "Cohen" is related to Stevie Cohen.
Even during a regular background check, tracing your genealogy is not part of the standard package. They will call the firm, ask if you worked there, and that will be about it.
Take it. Seriously, that's a golden opportunity(for every obvious reason). I did the same thing, except left college for it...so haha it could be worse. Once you obtain experience the past wont matter much. No professional is going to criticize you for it, just don't be pretentious about it.
I don't think it should be a problem. I know at one point Blankfein's 2 sons were working a Goldman. Not sure if they're still there though.
Take it. Let him know you're a bit worried about the nepotism thing and ask him to give you some work that can stand on its own. He'll laugh at you and say nobody will check unless you tell them.
Take the job, the recruiters/HR don't check for nepotism. They'll just look at the name of the fund and that's it.
What's the AUM? What strategy? Other options?
AUM is around 600mil, it's an absolute-return fund investing primarily in high-tech. I'm just going into my junior year undergrad this fall, so I can't really say what my other options might be, but if I didn't do this I would probably try to land a summer analyst position in NYC.
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