Are s&t internships less prestigious/inferior to IB for HF future
Not a shitpost, but my dream is to land a gig at a hedge fund (not some execution monkey, dreaming for PM one day). Is this dream still possible from s&t or is it 10x more difficult than an IB role
Depends what type of hedge fund
Elaborate pls
There are many kinds as said above. LO, l/s, merger arb better chance of out of IB or ER. Macro HF’s, stat arb funds ( mostly s&t fixed income traders/ algo traders). Equity derivative traders also sometimes exit to prop shops or hft. I’m also not in the industry but this is what I have gathered from reading and networking.
You can basically never work in fundamental equities after S&T cuz you would have no modelling experience but you can join a macro or quant team if that interests you. I personally find analysing companies way more interesting than other asset classes like fixed income, FX, etc. so you need to start off in IBD or ER if you wanna lad an equities gig at a HF
I’m not too interested in company analysis tbh, I’m more interested in trading based off macro events but still trading equities. Is there a specific type of hf for this? Almost like a billions sort of place lmaoo
You won’t be trading equities in a macro fund. Trading equities based off macro events is still a part of fundamental equities cuz you’re obviously building bottom-up models on a micro level but also analysing a lot of macro data that comes out to form your views. I interned at a 20bn+ MM this summer and I’ve spoken to a bunch of PMs there and my general opinion was that fundamental equities is way more fun than other asset classes and there’s a lot more alpha in it as well if you’re good at your job
Got it, I’m doing a part time internship at a small hf right now doing equity research so maybe that will get me more traction towards fundamental equities. Thanks for the responses
Provident consectetur qui at ut. Blanditiis sit et quisquam. Recusandae dolores voluptatem voluptatibus aliquam maiores. Quae rem at est qui ex atque sapiente. Repellendus consequatur magni iusto quaerat qui ullam rerum numquam. Et qui ad repellendus ut temporibus. Est vitae nihil sunt necessitatibus.
Et qui nihil in. Dignissimos consequatur deleniti non officia. Ipsa et magnam nostrum repudiandae qui. Mollitia fugiat temporibus ab nostrum voluptatem. Nostrum velit earum eaque sint eum. Rerum consequatur quo magni animi quisquam est vel. Laboriosam qui rerum ut ut et libero quia.
Maiores quas harum beatae blanditiis sunt. Enim dicta saepe quaerat id harum et ut nesciunt.
Reprehenderit qui ipsam saepe dicta commodi consequatur. Harum et voluptas commodi voluptate minus delectus ab.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...