Does M7 MBA help for macro HF recruiting?

Hey everyone,

Title says it all but here is my situation. Incoming 1st year analyst at BB S&T and would like to jump to a macro HF a few years down the road. Currently in the process of applying to M7 deferred MBA programs as a backup plan and gotten a few interviews. My perception is that macro HF recruiting is less structured and thus do not recruit as much from b-school. Is this true? Would my deferred MBA be pretty much a pure backup plan, or do certain schools in this list actually have good exposure to macro HF recruiting? Any thoughts is appreciated!

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Comments (9)

  • Analyst 1 in AM - Equities
Apr 25, 2021 - 10:03am

CBS, Chicago, Harvard, Wharton (probably Stanford) should all get you looks at well-respected macro HF's. 

The caveat is that 9/10 they prefer candidates with marketable background experience, which you very well may have. 

  • Intern in S&T - Other
Apr 25, 2021 - 10:25am

Thanks! How about Kellogg? It's obv not as strong in finance, but does its location help? Thought some funds doing commodities would be in Chicago

Apr 25, 2021 - 6:29pm

I'd stick w/ the aforementioned. Those are THE schools for buy-side recruiting: CBS, Booth, H/S/W. 

The point of MBA is to access that recruiting channel, especially as you shoot for top-tier MBA jobs (PE/HF/VC). You don't want to go to school where your dream firms don't respect. Say, Tudor only visits these five schools to see if there are worthy candidates and you go to Kellogg, sure, you can hustle on your own to Tudor, then why go to MBA to do that? You can hustle from your current S&T job. 

Kellogg is totally a legit school btw, but it's more the HBS of marketing. 

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

  • 1
  • Analyst 1 in IB - Gen
Apr 25, 2021 - 6:44pm

MBAs don't really lead to buyside Macro careers...

most buyside macro folks come from: macro trading desks (fx, rates, index derivs), sell side macro research / strategy, econ research, central bank or treasury econ policy roles. 

MBA is better for fundamental equity or credit, not macro. 
 

Apr 26, 2021 - 10:08am

I would consider an MBA a pure backup plan if you are in BB S&T and aiming for a macro HF. If you struggle to break into a macro HF when you are 100pct in the fold / in markets at S&T, I do not think you will have much more luck after two years in business school.

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  • Managing Director in S&T - Other
Apr 26, 2021 - 7:26pm

Got to remember the guys whos started the firms most of them had MBAs some time ago. Likewise lots of traders used to go MBA --> rates trading --> buyside. Just think nowadays vast majority of MBAs do not to care to go macro funds especially quant ones...That said would say on the trading career track you are way early unlike banking this is a 3 years in decision. 

  • Analyst 1 in IB - Gen
Apr 27, 2021 - 6:45am

nah, there just isn't a pipeline into S&T from MBA programs anymore. has very little to do with people's preferences and more with banks focusing their recruiting more on undergrad / pre-exp masters / quant masters programs.

i think pre-2011/2012 it was more common to go from MBA -> S&T but not anymore.

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