Just left Retail Brokerage field to get into HF - Looking/Internship

Hey guys

Thanks for viewing.

After 10 years in banking and retail broker/advisory services I've decided to put it behind me; but still keep my S7, 66, Health Insurance licenses.

I have a family member in the business who told me to get a degree first before approaching hf's. Even his.

As of now, I am taking 12 credits and almost at my associate degree (Night classes) and looking for an internship during the day in NYC or New Jersey.

Think WSO can help?

Should I just check the jobs forum or search around for internships in the nyc metro area? Up until now I had to rely on google search and it seems to be a crap shoot.

Resume furnished upon request.

Thanks in advance.

4 Comments
 
Best Response

Not sure why it seems consensual to get a HF internship by just getting a degree, reaching out to people and showing up. If that's your strategy then you're beyond delusional. Your first and perhaps only goal is to be the best analyst/ trader the fund will ever come across. That means putting in the time to learn how markets work, pick up the required technical chops for a strategy of your choice, generate a ton of your own original ideas and gain some sort of relevant experience. If you do this well, you will get noticed when you interact with those in the industry. Ideally, you could take the conventional path of going to the sellside first and proving yourself there. Regardless, you will always have something to prove and just knowing how to get on the phone with a Tiger or Camel cub is meaningless.

 
Macro Arbitrage

Not sure why it seems consensual to get a HF internship by just getting a degree, reaching out to people and showing up. If that's your strategy then you're beyond delusional. Your first and perhaps only goal is to be the best analyst/ trader the fund will ever come across. That means putting in the time to learn how markets work, pick up the required technical chops for a strategy of your choice, generate a ton of your own original ideas and gain some sort of relevant experience. If you do this well, you will get noticed when you interact with those in the industry. Ideally, you could take the conventional path of going to the sellside first and proving yourself there. Regardless, you will always have something to prove and just knowing how to get on the phone with a Tiger or Camel cub is meaningless.

Delusional? Fine. We all were at one point and that is why I am here looking for advice.

Great advice otherwise! I figure I'd pick up a few things before I'm the next big thing because as of now I am just learning FM but yes that sounds like what I want to do.

I'm a big fan of the casino sectors and know them well.... How do I translate that into something that you mentioned?

Tiger and camel cub?

 

Did you work in consumer or corporate banking before? I understand it was not investment banking. HFs positions are scarce and people with PhDs in math and physics often compete for these positions, so I don't think Associate degree will be advantage. I think networking is a key and if you have a family member in the industry you should try leveraging that and get a foot in the door that way.

 

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