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!
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)?
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