Burned out HF guy, what are my exit options

evenfantastica's picture
Rank: Chimp | banana points 14

I worked at equity long/short hedge funds for 7-8 years. I wasn't quite able to bridge the gap between analyst and PM, but burned myself out trying, and topped out at senior analyst. I got tired of the constant urgency, dreaming about my positions, waking up in a cold sweat, the backstabbing, getting screwed on netting, everything really. I left of my own accord about a year ago and have been floating around ever since. I have some solid savings so can last for a while but not forever obviously. I have been thinking a lot about what kind of jobs I would be qualified to do with my background. I'm not interested in anything in the hedge fund industry. I've tried applying to some long-only and startup jobs but haven't even gotten an interview. I'm curious if any of you have made transitions out of the industry, or what you have seen others do. My expectations for compensation are not super high, 150k would be acceptable if the lifestyle is decent. Open to considering all kinds of things.

Comments (13)

Feb 7, 2019

what are your skills? what are you good at? what do you want to do?

just google it...you're welcome

Most Helpful
Feb 7, 2019

Family office or fund of funds.

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Feb 7, 2019

curious about what you think made you not make PM? What were the lessons in retrospect that you did well and what mistakes did you make that prevented a shot at PM being realized?

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Feb 7, 2019

How far off are you from lasting forever?

excel is my canvas, and data is my paint - new york - brunch conesseiour - atheist - centrist - ENFP - TCU alum

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Feb 8, 2019

ever thought of business development..sourcing, evaulating, and closing partnerships?

you need a finance skillset, strong business instinct/acumen, and ability/willingness to build relationships/source opportunities. w/ 8 years experience, $150k+ should definitely be attainable. could look for opps at an established company or startup.

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Feb 15, 2019

Have you seen this done in practice? Makes total sense to me, I just personally haven't seen any examples of this. I may be in similar position as OP down the line, hence my curiosity.

Feb 8, 2019

i worked as a buy-side investment analyst before moving to corporate/business development. now i'm in sales. i can share more info if there's interest

Feb 15, 2019

What type of sales did you move into?

Feb 15, 2019

I'm definitely interested. Curious about:
- how difficult was the transition from buyside to corp/biz dev both from a) recruiting perspective and b) on the job
- how/why did you transition to sales?

Feb 8, 2019

focus areas/process are a bit different depending on whether you're targeting corp vs. biz dev. which one are you primarily interested in?

Feb 8, 2019

Were you specific industry focused ? Perhaps you could try to get on with a sponsor-backed private entity in that industry. Would take some cold-email/calling most likely. I would think that the up front salary would be on the lower end, but decent upside if the team is successful. Might require moving, depending on industry.

Feb 8, 2019

OP, if I may ask, what were your hours like at your Hedge fund job? What about during earnings season?

Feb 8, 2019
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