IBD, S&T, HF

I will be a first year undergraduate in the UK this September. My future goal is to enter a prominent hedge fund group.

But after reading through the posts here, I'm still wondering, whether to choose IBD or S&T as a career start.

I would like to know how will these two options affects my prospects?

How well can they equip me with the skills to tackle my dream job?

And does anyone in S&T switch to IBD after a few years?(or maybe the other way round)

10 Comments
 
Best Response
aguyI know of a guy from my school who started in IBD and switched to S&T after a year or two.

No doubt this has happened at least once in the history of the world, but as a general statement, switching from IBD to S&T and vice versa is rare. The easiest way to do it is by getting an MBA (this is generally true for all people who want to change careers).

You'll do yourself a great service by deciding whether you're better suited to IBD or to S&T in the first place. I can pretty much guarantee that if you're better suited to S&T, that you'll be better off going straight than starting in IBD.

 

Ratul is joking. Listen, no one is going to be able to give you a straight answer to your question because there are too many variables to consider. Whether going in IB or S&T is more "helpful" in landing a gig in a top HF will depend on the strategy and investing style of the target HF you want to join (i.e. fundamental long equity vs. commodities derivatives arbitrage or delta-neutral strategies). In general IBers tend to be recruited for more fundamental funds while traders go to the quantitatively-geared funds (this is still a broad generalization, however, and understand there are exceptions to everything). Understand as well that many funds will look for ex-IBers to work in more research-oriented positions (fundamental analysis) but will have separate traders to execute everything. Just food for thought.

 

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