Controversial

Definately one of the prop desk of RBC or GS in the early 2000s. They killed it... definately not the hedge funds similar to Two Sigma, as I prefer discretionary trading with a little bit of algo but not full automation. For the purpose of learning, probably firms like DV trading, TransMarket, FNY Securities and learning from the senior guys. I mean their style of trading is probably all different but if you want to survive in this industry, you HAVE keep an open mind even if you do make money consistently. There are small hedge funds ran by hot shots like Melissa Ko, I would die to learn from. Many of these small funds that you never heard of, kill it.

And that's where I would love to go.

 

I'd probs say McKinsey (Note: I'm not from a Consulting background, nor was Consulting my main career goal during university). Reasons are as follows: - I'm sure we've all heard of the unparalleled collegiate and development focus. 2 years up or out, but in those 2 years you're placed well ahead of your peers at other firms/industries. - The exit ops are ridiculous: sure, PE hire's the most out of IB, but I don't think IB has such vast exit ops as top consulting practices in terms of the number of exit routes(PE, Corp Dev, C-Suite track, Biz Dev, Equity Research, etc....) - Take a look at C-Suite placement. I haven't looked at stats but I reckon no other firm places as well.

 

Why the fuck would you want to go to McKinsey?

  1. Go to Renessaince Technologies and learn from Jim Simons & co.
  2. Invest in Medallion Fund and make a billion.
  3. Buy Pablo Escobar's old island and make Fyre Festival happen.
I don't know... Yeah. Almost definitely yes.
 

Everyone wants to learn different things, so this question is too broad. E.g. I have a friend who wants to become a software engineer, and for him, it's go Google or go home.

For me, eh, I'd take anything available. If you held a pistol and asked me to choose then I'd say PwC audit for internships (build up accounting knowledge), GS IBD pre-MBA and McK post MBA.

 

I watched the first two episodes of Mars on Netflix today. It'd a docu-drama about the first manned mission to Mars. Has a ton of footage of SpaceX mission control stuff, launches, Musk talking, etc. Man are those some passionate nerds. Talking about saving humanity from extinction. I'd be there in another life. But I took a series of wrong turns long ago and changing course would be very difficult now. Sort of like a rocket ship...

heister: Look at all these wannabe richies hating on an expensive salad. https://arthuxtable.com/
 

It defies the question a bit, but I would say - work at companies on two opposite ends of doing the same thing from two different angles; that's how you will develop a unique perspective of gauging the game. Something like - work at AQR and see what factors are working in the market and analyse securities only on the mathematical basis with some economic reasoning; and then, work at a fundamentals only fund like Eminence Cap or maybe even an activist fund like Pershing Square, which by the way just posted returns north of 20% after a long, long time (if I am not wrong).

The benefit - you get to look at the same world from two different sets of eyes. You will see where are the flaws with each one and then you can figure out your ways around them. This way, you also become more 'philosophy agnostic'. Nothing can provide a more learning experience than understanding the fact that even the most elegant philosophies are flawed in some way.

The other way to learn would be to work with someone who is trying to change the game, ground up. Maybe someone like the Circle Up team - it's a VC firm which invests only in consumer retail and uses AI to source investment ideas. Amidst the 750 odd VC firms which are still using 'relationships' as a major factor of sourcing investment prospects, this is a game changer.

I hardly doubt one company can give you enough learning. Each company is flawed in some way and you would want to learn beyond its flaws and inherent biases.

 

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Scientist: Molecular Cancer Genetics.
 

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