Finding Top Tier Banking Analysts w/o Using a HH


Hi All -

I've spent the last 15 years as a PM working at 3 brand name hedge funds. Trying to find an A++ analyst to join my team (ideally after 1-5 years in IBD at a top tier bank).

New firm has a strong bias against headhunters which is how I've always found analysts in the past.

Won't go into specifics here, but looking for advice on how to reach top-tier IBD analysts in other ways.

Location is NYC. Start date is ASAP (assuming we are back to work and have met face-to-face post-reopening).

Comments (35)

  • Analyst 2 in IB-M&A
Apr 9, 2020 - 5:47pm

Would just reach directly to analysts on LinkedIn to be honest. If they aren't interested, you can just ask them if one of their colleagues would be.

Most Helpful
Apr 15, 2020 - 2:22pm

we have a talent sourcing arm exactly for this and we are about ~50% less than traditional headhunters (with about 10x the reach if not more).

It's mind boggling to me that we aren't flooded with jobs, but that is because we are horrible at marketing ourselves and the service. Hit me up and I'll send you a deck ([email protected]). If it looks interesting great. If not, no pressure.

I think WSO is a nice middleground from the high end option of full service recruiting shops that will host cocktail hrs for you but charge crazy retainer and success fees and the budget option that has poor yield of posting jobs on LinkedIn and asking a few referrals.

Hope to hear from you,

Apr 9, 2020 - 9:38pm

Do you have contacts at any of the top banks? I’d reach out and try to find the best analysts that way. Would be more effective than 1 to 1. Though, typically the best analysts, with very few exceptions, have already accepted private equity or hedge fund jobs within the first year.

Maybe also look at PE associates who are in defined 2 year and out programs?

  • VP in PE - LBOs
Apr 10, 2020 - 1:26pm

University career services could be a helpful. A lot of my former professors will send out job opportunities from former students. Maybe if you focus on a handful of top schools (Wharton etc.) to see what you get.

  • Research Associate in HF - Event
Apr 10, 2020 - 2:26pm

post on the JOBS function of bloomberg, create the job listing on LinkedIn itself under your actual HF's name (otherwise no one will be interested) and use your personal network.

  • Analyst 1 in IB - Gen
Apr 10, 2020 - 3:57pm

As I'm sure you're aware it's tough to know who's an actual superstar and who got lucky with staffings just based off resume, so not sure if posting on LinkedIn / JOBS like other posters suggested will do you any good.

Really the best way is asking those who recently came from banking. That's how HHs find their candidates too – they email the analysts/associates who already have offers asking for the contacts of the superstar incoming analysts. Asking juniors at your fund for their contacts across banks should get you some solid candidates. Even if they don't know anyone directly, they can forward the message to their buddies from college working at EVR MS etc..

Apr 28, 2020 - 9:58pm

Probably anybody on WSO has a network of younger college buddies that they can reach out to, or they can reach out to their fellow analysts. Feel free to PM me and I can let my network know.

Otherwise if you just reach out to your network at banks that could be OK, but understand the sensitivity that they are not going to hand over their best junior bankers. Another thing to consider is that the best people on paper will already have offers (~1.5 years out), so you will need to be patient with interviewing more people.

  • Intern in IB-M&A
Apr 28, 2020 - 10:13pm

Unless you’re tied to someone with IBD experience, Columbia’s value investing program has many talents I believe

May 8, 2020 - 3:18pm
Start Discussion

Total Avg Compensation

September 2020 Hedge Fund

  • Vice President (18) $520
  • Director/MD (10) $359
  • Portfolio Manager (7) $297
  • 3rd+ Year Associate (18) $269
  • 2nd Year Associate (25) $242
  • Engineer/Quant (45) $238
  • 1st Year Associate (58) $189
  • Analysts (175) $167
  • Intern/Summer Associate (12) $134
  • Junior Trader (5) $102
  • Intern/Summer Analyst (183) $80

Leaderboard See all

Jamoldo's picture
LonLonMilk's picture
Secyh62's picture
CompBanker's picture
Addinator's picture
Edifice's picture
redever's picture
frgna's picture
NuckFuts's picture
bolo up's picture
bolo up