Hedge Fund Interview Course

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Comments (4)

Apr 23, 2021 - 5:04pm

Ppl come in generally ranging from 3-7 years of work experience, there are always outliers. 2-3 years of IB/MBB is obv worth more than 5-7 years of non-Fortune 100 corporate. 

Assuming you want to get into a top program, asset management in a PM role (assuming you mean asset allocation, analytics sort of role, not the kind that comes after having done fundamental buy-side research for many years) is not as competitive as research. It all comes down to your comprehensive profile - GMAT, GPA, college, outside work activities (volunteering is more generic than having founded and sold three companies), work experience, where you worked (ties back to that intensity comment).

Instagram: @dickthesellsider | Substack: dicktoad.substack.com

Apr 23, 2021 - 6:05pm

What arbjunkie said. AM background is solid imo, but MBA without goal is not solid. 

Wrong goals (not limited to below):

  • Hate current job
  • "I wanna explore" - there is no exploring in MBA, admission / career center lie, recruiting / interview starts two months after semester begins
  • "need a break" (if you need a break, just take off for two years and go meet people in the field of your interest, no need for an organized setting for this)
  • IB or consulting is "kinda cool" - know what it entails, then you get to decide whether it is cool and more importantly whether that's sustainable after 2-3 years
  • Meet people to start a business - just go start a business, I know ppl who quit MBA to start business, good for them but why go / apply to MBA in the first place? 
  • Many other dumb reasons

To me, most valid reasons are such as: 1) dramatic career change (engineering to IB, mathematician to management consulting, musician to equity research) 2) breaking into "tier 0" career paths (eg. PE/HF/VC, but know these paths require relentless networking and preferably highly relevant pre-MBA experience) 3) mandatory for promotion in more traditional professions (maybe PE or consulting where you must get a piece of paper to advance, which imo is dumb, but it's what it is), etc. 

Instagram: @dickthesellsider | Substack: dicktoad.substack.com

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