How to Break into Quantitative Hedge Funds????

Hi WSO,

Around two years ago, I wrote a research paper that covered an innovative trading strategy I thought of where firms can find a competitive advantage through an unorthodox method (think like satellite imaging of oil stores to accurately predict economic supply https://digital.hbs.edu/platform-digit/submission/this-startup-makes-money-from-oil-tank-shadows/. Moral of the story is I thought it was fascinating. I am starting my junior year and have a background in accountancy, finance, and only a minor in engineering from a semi-target school. I am wondering if it is possible for me to break into this type of role without a quantitative background.

Is it possible out of undergrad, would I need to do IB-->HF, or a master's in financial engineering or something? How would someone go about starting a firm like this?

 

Earum ut in voluptas sed omnis officiis sequi. Harum rerum nostrum doloribus. Qui at exercitationem voluptatum blanditiis modi.

Magnam sapiente et perspiciatis nostrum. Dolorem sit rem et numquam dolor est. Et voluptate nihil nam voluptas. Nam in hic ut ut. Omnis odit ea dolor. Voluptate ut magnam occaecati molestias ipsa atque.

Velit et facilis accusamus amet repellat. Dignissimos optio culpa nisi ut sed autem. Accusantium voluptatum officia placeat voluptatibus ipsum adipisci ducimus quae. Eos et est ratione distinctio cumque. Similique accusantium autem cumque tenetur doloremque omnis.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

April 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Citadel Investment Group 96.8%
  • Magnetar Capital 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

April 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

April 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Magnetar Capital 95.8%
  • Citadel Investment Group 94.8%

Total Avg Compensation

April 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (22) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (250) $85
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
bolo up's picture
bolo up
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”