Breaking into HF from BB IB
I'll be headed to a mid-tier BB FT next summer and wanted to get some insights on how I should navigate the next couple years to end up at a hedge fund. My school isn't ivy caliber, but has a strong presence on the street. I also have a high GPA and one internship that I can spin for "Why HF?".
I'm interested in mainly L/S equities and activist funds, but maybe also event-driven would be a good fit? Want to target the best that I can get-- the tiger cubs may not be in my fate, but would like to shoot for places with good reputation/track record and decent comp. Interested in TMT/Consumer/HC sectors.
Questions
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What are some of the funds that I should look into given my background and preferences?
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Should I focus on PE recruiting and then trying to break into a HF after doing 2 years in PE? Can I tell HHs that I want to recruit for both?
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Where do people exit to from a HF if they decide that it's not for them long-term OR if they just get kicked out for poor performance?
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What are some resources on prepping for such roles? I'm fairly confident in my knowledge about IB/PE, but didn't put much attention towards learning about HFs in college.
bump
I'm a sophomore in college so huge grain of salt here, but:
I think doing a couple of years in PE would be worth considering, depending on how interested you are.
I go to a school of similar caliber to yours and I know of 3 alumni with your same background (mid-tier BB) who are at tiger cubs. They all did 2 years of PE at reputable MF/UMM funds.
If you perform well in interviews I'm sure there are plenty of solid funds that would give you a shot out of banking but I guess it really comes down to your preferences. My understanding is that headhunters will really pressure you into choosing between PE or HF, but maybe you could say "I want to be doing deep due diligence with a 3-5 year investment horizon on large companies in the media sector and am open to public and private opportunities" or something like that idk
I wouldn't recommend taking that approach with headhunters. Still fundamentally different jobs due to availability of information, operational control, and value creation (though a good deal of HFs do have private investment arms now).
Instead I would recommend figuring out which headhunters cover which clients and then pitching different things to different headhunters. For example pitching Dynamics one thing and SG another thing.
Have heard this as well and is something I'm considering. So do you think I would be competitive enough out of IB for a good fund or would the additional PE experience open up more doors?
Why do people with anonymous screen names on anonymous forums refuse to name things like bank name and school? What’s your mid tier BB and what’s your non Ivy, respectable college?
You'd be surprised at how many resourceful spies are on this site that can specifically pinpoint who the person is, even through simple LinkedIn searches. Idk about you, I would not want some people knowing who I was irl on here
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