Investment roles at University Endowments?

Am looking at an investment analyst role from Harvard Management Company (Harvard's investment management firm) and was wondering if anyone here has insights on what it's like to work at an university endowment in an investments role and what people typically exit to from these types of positions?


Thanks so much!

 
Most Helpful

These roles can be fantastic, especially at a top 10 endowment like HMC. The work is really capital allocation (not so much direct investing). What this means is you will be looking at all types of investment firms and strategies. While you won’t build direct investing skills, you’ll get exposure and connections across the investing world. Your access, at a top endowment, will be phenomenal. That said, I think the role is best suited to someone who is <1-2 years of experience. That way, you can work at an endowment for a couple of years, understand the finance / investing world, and go to b-school once you decide on a long-term career

 

Harvard actually has a direct investment arm for their endowment, while most are fund of fund styles.

Common critique of their fund as they perform worse than endowments like MIT, Yale, etc

 

do you happen to know which other endowments have direct investing arms?

 

Wish I could be helpful here but I don’t.

Only reason I know this fun fact is because I created a presentation my sr. year of school why Harvard’s is subpar (went to a rival school)

 

Bump, anyone have insight into total comp at top endowments (Cornell/Princeton/Harvard/Yale)?

 

Voluptate ut quos consectetur architecto voluptatum facilis. Sunt at nobis quia.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”