MACC add value to the recruitment process (if you have the time)?

I work at a BB in a specialized large asset valuation group (vessels, aircraft, power plants, etc.). While the work is interesting since I get to do a lot of researching hard to value assets, I'm not doing a lot of financial analysis on the companies who want to buy/borrow against the assets (only looking at company/industry qualitative risks, besides the valuation work).

With plans to join a HF in 2-3 years, I've started some basic networking and am studying for the CFA L2 in June. My job isn't too intensive, so I have a lot of extra time outside of work. That said, would working toward a MACC be worth it? I'm an engineering undergrad, so I'm just trying to ensure that I create a "full package" for a deep value-oriented fund. I love to learn and know the extra accounting would be immensely helpful, but I'm still trying to decide if it would even be worth it. If I did go for it, it'd have to be online, if that matters (like one offered thru UCONN). Otherwise, I could take just a few online accounting courses, but I wanted something (like MACC) on my resume to sound more official and help set me apart.

Anyone have any insight on this or specifically interviewed people with these kind of credentials?

 
Best Response
HFer_wannabe:
whatwhatwhat:

no

Because it doesn't add much value? Fund managers just don't care? It doesn't make sense to spend time working on it?

All three, yea. While you have to know accounting well you don't need to be an expert on the ins and outs. If your'e trying to get to a value fund why not spend your time learning how to invest? Start a PA, do some reading, put some models together. Doesn't really make sense to pursue an obscure degree over practicing what you actually want to do.
 

Ipsam earum enim sint et. Dolor voluptatem corrupti voluptatem sed. Voluptatum blanditiis voluptas consequatur. Voluptas explicabo et et sint id.

Deleniti voluptas dolore sint nam. Ut nesciunt dolores pariatur et. Dolorem voluptates dolores adipisci et atque. Et sapiente incidunt sed quod.

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...”