Hey guys,
What sort of opportunities in the HF industry are there for students at the top bschools?
Is it possible for people with no previous HF/PE/IBD experience.
What schools place well in the HF industry? HBS & Wharton??
What about Booth and Sloan?
I seems Stanford does well, but I got a feeling most of them go back to HF. Not many are career changers.
HBS and Stanford are the best for HF, followed by Wharton and then booth/columbia.
But if you don't have previous experience in HF, PE, or banking, you're not going to get the job even if you were at HBS.
Unlike banking and consulting, which are very structured, hedge fund recruiting at b-schools is sort of ad hoc, and hiring is done depending on need. A decent number of funds to visit the top schools on a regular basis (citadel, bridgewater, SAC, york, moore, davidson kempner, tudor, viking), but they will only hire like 2-3 people max. They're probably the toughest jobs to get coming out of b-school.
thanks, i PMed you about this before reading this post.
Lastly, I do have a friend (with your background) who ended up going to a HF - but doing a risk function. I didn't count this person as one of the people I mentioned above and I doubt this is what you want...
thanks a lot for your "brutal" answer. I just wanted to know if I would even target HF jobs post-mba, and it seems i am not.
what about long term, do people do something else post mba and then move to HF? let's say from AM to HF? or would it be easier from Trading to HF?
I know HF industry is less "structured" than other industries so there is no one way to break in, but just curious and to keep the discussion going on.
I disagree with Brady on the previous experience comment. It is possible to career switch into a HF from the top programs. Frankly I think a lot of them view banking experience as a liability; more likely to take a consulting background with a demonstrated passion for investing. It's not easy, but it's doable. Hardest part for buyside recruiting is the probabilities involved. Even the largest funds typically only take 1-3 people per year, across all the top schools.
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