Faster Way of Getting Rich
not gonna hide my intentions
1) IB —> PE —> SM HF, improable but highly rewarding.
2) Staying in MF PE.
3) Breaking into MM pods out of undergrad
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Based on the most helpful WSO content, here's a breakdown of your options:
1) IB → PE → SM HF: This is indeed a highly rewarding path, but as you mentioned, it's improbable. The transition from IB to PE is competitive, and breaking into a single-manager hedge fund (SM HF) requires exceptional performance and networking. However, if you succeed, the compensation and career trajectory can be unparalleled.
2) Staying in MF PE: Remaining in a mega-fund private equity role can provide significant wealth accumulation over time, especially if you reach the partner level and benefit from carried interest. However, the path to partner is long and competitive, and many are pushed out or leave for other opportunities before reaching that level.
3) Breaking into MM pods out of undergrad: This is a more direct route to hedge funds, particularly multi-manager (MM) platforms. While it skips the traditional IB/PE path, it requires strong technical skills, a proven ability to generate investment ideas, and often a stellar academic background. Compensation can scale quickly if you perform well, but the risk of underperformance and job instability is higher in MM pods.
Each path has its trade-offs, but the fastest way to wealth often depends on your ability to excel in high-stakes environments and your tolerance for risk.
Sources: https://www.wallstreetoasis.com/forum/private-equity/going-from-mm-investment-bank-to-mega-fund?customgpt=1, Focusing on Investment Style Fit, Focusing on Investment Style Fit, I have a million dollars in my IBKR account and will get 10 million more next year, how do I successfully create a hedge fund?, Breakdown of Post-IB Exit Opportunities
Well, here you go:
https://www.forbes.com/sites/monicahunter-hart/2024/03/31/worlds-younge…
Fastest path: inherit the money
Second fastest path: start a business - even the M&A guy mentioned started as an online business
Doing it as investor takes a lot more time and then you get locked up with golden handcuffs in one way or another - vesting, carry, key man clauses, and plenty of other things. I have a good friend who was set to retire at 45 and leave his fund. A couple of their main partners died in short succession, and he ended up as managing partner. He's now stuck for another ~10 years because they raised a new fund with him as the primary key man. That's another 1/8 of his life, and he was already hoping to be on his way out.
their partners all died in short succession what the fuck lmao
One died in an accident and the other in the depths of a severe, terminal illness killed himself - what are you asking? The quality of potential interns is declining on this site. I used to view it as a decent way to give some knowledge back, but the general population here is becoming insufferable.
Based on your posts you are a “hopeful” transfer to Columbia. Stop being a shit posting idiot. I have been around the hoop since before you were born, dumbass. I was simply pointing out that even in ideal circumstances life gets in the way, and it was in direct response to being in finance as a path to wealth and the related uncertainty therein.
Damn I don't think the guy was calling BS I think he was just pointing out that this part of the story is actually wild. You really didn't need to unload on him like this haha
You are destined for a life of misery
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