Is it better to start in a BB Asset management Firm or Hedge Fund as a graduate? Goal is Hedge fund partner.
As per the title, let's say I have AM offers as a graduate level analyst from BlackRock and JP Morgan Chase, and also an internship at Man Group.
I've read reviews online that state it's harder to move up the chain if you start at the bottom of a hedge fund than if you start at a BB firm then transfer into a hedge fund.
Is this true? In terms of training and career development is it better to start at a larger AM firm then make the move?
Thank you for any advice given!
also interested
Looking for answers as well. Any experienced monkeys willing to chime in?
From what I have heard Asset Management. Proof seems to be in the pudding from the HF guys' xp that you can read on various sites. Equity Research and S&T seem to be the most desirable though.
A good example to support the point: ask an I banker about his opinion on the market.
Crickets
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Lol, if you'd reject Man Group for the names you mentioned you are making a huge mistake. Man Group is very good at what they do and hyper prestigious. It all depends on which hedge fund you are talking about. You would likely pick an established AM firm over an obscure hedge fund, but if we are talking about a really great hedge fund (like Man Group) I would usually recommend that over any AM firm. Making the step from BB AM to a hedge fund is not at all guaranteed to happen, so if you get a chance to join a great fund, and that is where you eventually want to end up, you should go for the hedge fund.
Just think about what you want. Would you, long term, rather be a PM at an AM firm, or a PM at a hedge fund? Both have its pros and cons and you can make more money than you could ever spend in both roles, but only if you are good at what you do.
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