Global Macro HF straight from Masters with prior BB S&T Summer Internship. Feasible?

Stahax's picture
Rank: Senior Chimp | 21

Hi all,

First time poster here, I have been lurking on WSO for a few years now which I have found to be one of the best info sources on the indudstry.

I would have liked to get the community's point of view on my recruiting goals.
A bit of background : I have a bachelor in Maths from a University in continental Europe (well known in my country but very little to no recognition in the UK or US). I worked part time during my Bsc for an AM boutique in support functions (think technology) and will be doing a S&T summer internship at a top BB this summer in London where I will rotate on macro trading desks.
I will be doing a Masters in quantitative finance in 2018/2019 in an ivy league uni. There is a good probability that I will get a return offer after the summer internship (we were told by MDs during the insight day that 70% of interns will get offers). Therefore, I thought that if I am lucky enough to have an offer from a BB, I could have the luxury to look for a HF opportunity during my masters and try my luck as there would be little downside to doing so (only "lost" time, also I still think it would be a valuable experience).

Although I'll be doing financial maths, I am not looking to work for a pure quant HF like Two-sigma or Jane Street. First because I don't think I am good enough to compete with the best in this field, and also because I am much more interested in following macro trends, and I mostly did maths to future-proof myself. Ideally, I would like to find a macro fund where I can combine both discretionary and systematic strategies.
I know this would be a very long shot but do you guys think it is even remotely possible to pull-off ? Or should I just stay in sell-side trading (on a macro trading desk) for a few years to gain experience and try to move afterwards ?

I am kind of uneasy going full time in sell-side trading because of all the threads I read on WSO about the structural decline of this industry.

I hope I don't come across as overly naive.
Thanks in advance, I'll appreciate any insight.

Comments (2)

May 20, 2018

given the discretionary element highly unlikely. plenty of smart ppl with working experience hunt for the same job. I myself have and will never hire grads, bc there is plenty of talent with experience.

May 20, 2018
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