Degrees sutiable for Hedge funds

Im majoring in Accounting and Computer Science, are these appropriate majors to break into hedge funds? if not, what are majors to tailor made almost to break into hedge funds, and really have a place on wall street assuming not ivy league?

 

If I had to do it all over again, I would major in accounting and comp sci. Therefore solid choice dude.

I majored in Philosophy and although I enjoyed it, had I majored in something else, the path to joining a HF would've been a lot easier.. sigh lol

 

I think most people who pick interns/analysts would agree that they don't care about your major, they care about if you know what you're talking about. That being said, the only reason there aren't more philosophy majors on Wall Street is because the resources you have to spend to find 5 successful analysts from a pool of philosophy majors at a university is a lot more than what you would have to spend to find 5 analysts from a pool of econ or business students.

So accounting and comp sci get you past the first screen, but beyond that, if you want to work at a HF, you need to actually understand accounting relationships and what makes a good investment. I would hire a philosophy major who took the time to study the material on his own and learn how the game works over an accounting major that just recites equations and numbers without understanding what they mean any day.

To answer your question, accounting and comp sci fall under the umbrella of majors (acc, finance, econ, comp sci) that aren't a total waste of time to hunt for analysts in, but don't rely on your classes in those fields to teach you what you need to know- I haven't encountered too many people that truly "get" what accounting means just by going to class.

Best of luck though

 

Dude. There is no 'Golden Ticket'. Work your ass off and maybe you'll end up at a decent hedge fund. Maybe get off this forum and learn something useful. The things you'll find on this site are all pretty available, and no matter how many times someone asks the questions, they rarely change.

If you want to get into a L/S hedge fund, your best is to get into a top IB analyst program, or some kind of research. Or you could try and get an analyst position at one of the funds that recruit undergrads.

Get good grades in a major that you are good at, network your balls off, and impress the hell out of anyone you meet/interview with.

Good luck.

 
Best Response
Jaspast06:

Dude. There is no 'Golden Ticket'. Work your ass off and maybe you'll end up at a decent hedge fund. Maybe get off this forum and learn something useful. The things you'll find on this site are all pretty available, and no matter how many times someone asks the questions, they rarely change.

If you want to get into a L/S hedge fund, your best is to get into a top IB analyst program, or some kind of research. Or you could try and get an analyst position at one of the funds that recruit undergrads.

Get good grades in a major that you are good at, network your balls off, and impress the hell out of anyone you meet/interview with.

Good luck.

This.

Also, I've read your other comments on the board and you haven't even made an effort to educate yourself. Do your own research on the subject and go back to the classroom. You dont just "get in" to a hedge fund because you have credentials. Work hard. If you were serious about making it to a HF you would research the subject thoroughly on your own.

 

I mean I agree with finance/accounting/comp sci/mba thing, but I hear finance jobs entry level are at $9/hour. in some states here in the U.S. unless with finance, the fields in that major that are open would have much job opportunity. I thought Finance was dying like Econ is

Midas Touch
 
metronorthdude:

My two cents: I am struggling to see how an econ major will be beneficial at all for an entry level position at a HF.

There are many different types of HFs. Some of the main ones are:

  • Long/Short

  • Distressed

  • Arbitrage

  • Macro

  • Quant

The "best" major depends on the investment strategy of the firm. L/S, Distressed, etc are mostly value-driven so background in Finance (and maybe some IB experience) would be good. Macro/Arbitrage are more similar to the analysis you do in Economics. Quant is more math/CS/statistics/econometrics.

Just study whatever you're interested in man

 

Honestly, I would steer you toward anything that gives you a solid basis in statistics. Could be math, physics, chemistry, econ, psychology, engineering etc. Just make sure you fcking master statistical concepts and their underlying assumptions and you should be able to extend this into a finance context fairly easily.

I also have a sneaking feeling that hedge funds are going to become more interested in history majors in the not too distant future. We've seen basically "steady state" economics for the past 65 years, but I suspect we're going to need people who can understand large geopolitical event risk in the near future. Wish I had taken something other than African history in college lol...

 

1) Finance is more advantageous as it is in Kelley and business schools generally tend to have more alumni in Investment Banking/ Hedge Funds/ PE etc. The only useful econ classes at the undergrad level are Intermediate Micro and Econometrics so take those if you can. Other Finance and Econ classes generally slightly overlap in terms of content. 2) If you can, do a minor or a second major in math (depending on your quantitative aptitude, interests, credit load etc.). This would prepare you well for Masters and Phd Programs in Financial Math/Engineering etc. which could be beneficial for applying to Quant Funds.

 

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