Hedge Fund Accounting?
Hi Guys,
A little bit about me. I graduated with a Masters in Mathematics from a non-target public university in 2012 (GPA: 3.25-3.49, this is my undergrad GPA as well). Following graduation I had some personal struggles and effectively did not work for 2 years (this was a very deep hole I had to dig myself out from). In early 2014 I started my first job out of school at a start-up where I effectively just processed legal paper. I did this for 8 months or so until I landed a contract role with a fortune 500 consumer products company. I liked this job much better and was able to pick up some technical skills (vba). Fast forward 5 months later and...
I recently accepted an offer with a prestigious Asset Management firm (in par with Evercore Partners) as a hedge fund accountant. Though this is a step in the right direction (I think), I do wish to find myself working in a middle or front office role. My worry is, even though hedge fund accounting exposes me to the hedge fund world, it seems like this position is a dead end for most careers in finance.
This is where I seek your wisdom and advise. What should my next steps be if I want to land a middle/front office position? How do I improve my chances? I was thinking to complete CFA level 1. Networking - how do I effectively network in the finance world? If you've realized, I have yet to have worked at a firm for more than 1 year - how difficult will this make things? How long should I work at my current position before I start the job hunt?
Thank you all in advance.
-whatthewall
Bump
Hedge Fund Accounting Career Help! (Originally Posted: 08/29/2012)
Hi Guys, I am a tax accountant with about 5 years experience in Individual Tax specializing in ultra high net worth clients (hedge fund,private equity partners etc)
I hear a lot on this forum about people jumping ship from big cpa firms to hedge funds. But these are usually people that do the corporate/partnership tax work for the hedge funds at big 4's etc.
What about someone like me that does the individual work (the owners/partners of hedge funds individual tax planning/trusts etc)? Are there family office tax type departments within hedge funds that would hire me ? Or is that more for someone that does the actual corporate work for the hedge fund?
And in terms of career moves would my best route be to stay at a cpa firm and work my way up in this field? Or maybe even open my own tax firm?
Thanks for any advice!
you hear a lot of people jumping from big cpa firms to hedge funds? where?!? i want to know since i am at a relatively big cpa firm whose clients are mainly hedge funds...
do you mean back office work or do you want to manage assets?
Est esse dolore qui molestias. Voluptas sed laudantium assumenda in voluptas itaque. Ea et pariatur nemo dignissimos placeat neque. Quasi aut non ut magnam voluptas ut modi. Possimus est illo quis omnis et voluptatibus ut. Est voluptates et voluptatem eum minima dolores ratione magni.
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...