Can you help explain what "higher finance" gigs are available to UK Grads?
Hi Monkeys,
I'm looking to enhance my overall clarity on what divisions I can ultimately target for internships & future careers.
My query is two fold:
i) Main focus; Macro perspective - Looking to learn more about sectors I don't yet know (all sectors I'm aware of listed below).
ii) Micro Perspective - Looking to learn more about individual sectors I'm aware of, what the job role within entails, WLB, exit opps, compensation (comparatively) etc. and so on.
What I know:
- I am only aware of the fields of: IB, Strat Consulting, AM, PE, HF, IM, S&T, ER.
- I am only aware of the exit opps of IB: VC/PE, CorpDev, HF(?).
What I'd like to know:
- ER: How do people make the switch from ER to HF (networking, HH assumed)?
- HF: What is the hierarchy like in HF? I'm also aware it can blow up at any time (or you can get fired for poor P/L(?)) - so what are your exits like from HF if either are the case?
- And finally... can you advise me on any other sectors of Finance I could perhaps learn more about?
Thanks for reading this. If you've any experience, I would be extremely grateful for your help.
Thanks in advance.
Google and ChatGPT can answer all of these questions. You can also look up “ABC exit opportunities WSO” etc to find numerous threads on it
all of these positions require a level of independent research and learning; try to avoid getting spoonfed information
You are right; that didn't reflect well on me - have updated and taken on board.
Some questions still remain as I'm looking to learn from people's experiences.
Would be appreciated if you can help on this.
Your questions on hedge funds are too broad; there's a broad range of strategies out there and then the single manager/multimanager organisational split etc. Generally speaking, you have an analyst position and portfolio manager. Hedge funds don't really do incremental promotions like other companies; you're either pitching names into the book/the main driver on certain names, or the person building the portfolio and deciding what trades are going to be made and how much capital to allocate on them. T
There will be a sort of ladder of responsibility within teams, especially pods (google this term if you don't know what it means) which basically comes down to being a senior analyst or not, this is usually not an official title outside of specific single managers and in multi-managers i imagine the base salary is the same.
A few people move from ER to HFs but its quite restricted, usually the multimanagers that are taking them (Citadel, Millenium etc), some of the brand name growth/whatever strategy shops probably prefer IB people. I don't know why as I don't have sellside xp so idk what IBD and ER ppl acc do differently from a technical POV.
Exit from HF is other HF usually or some random corp job idk never rly thought abt it
Quant finance is probably the other big sphere you've largely ignored. If you're UK based its the most lucrative too I'd imagine. Broadly speaking anyway
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