Junior at macro HF learning opportunities?
Hello Wall Street Oasis,
My career progression needs some sorting out. I welcome any comments for those experienced in the industry to guide me along.
I am a junior analyst at a macro hedge fund (800 mil AUM). Not a well known mega fund but still pretty reputable. I get along very well with my bosses. This seems to have translate to the flexibility I have in my job which in short is ... "learn as much you can from us and paper trade to see whether your ideas work". A lot of free play, maybe too much. I have no banking orexperience prior.
My question to this forum is how beneficial is this flexible job scope and how does it compare to other funds. Specifically ...
1. Do other funds have a more structured development program for their analysts?
2. Is the business, specifically global macro, mostly about learning on your own and proving to management that you can trade?
3. Will you learn global macro from a post graduate program ie MBA?
4. On average, how long till a junior gets trading allocation? I'm expecting years.
Essentially, what I'm asking is that for those experienced global macro traders, is it always an independent learning process or a more structured one? If you didn't start at, does it mean you had to learn by yourself?