part-time internship with a hedge fund Undergrad - worth it?
Is a part-time internship as a senior in college worth it?
I am going FT into a BB IB and plan on transitioning to a HF (in the US) but does a part-time HF experience give me an edge/add value when it comes to interviewing FT at a HF? Also, what groups in IB tend to give you the best skillset to transition into HF (I'm thinking M&A, LevFin...)? I interned this past summer with a HF in NY but was unfortunately unable to jump straight into the buy-side.
Option 1: a $2B Asset Management firm credit/equity 80%-20% with a $50M hedge fund located near my campus (NOT NY) and work will be on-site. Guys there are a mix of IB and IM backgrounds; founders are from DB levfin and DB UK
Option 2: small, ~$200M hedge fund in NY; fundamental equity fund focused in industrials, global commodities and infrastructure. Work will be via teleconference or videoconference. Founders are IM/IB mix, top guys are from CS/BAML/Citadel/Perella
The on-site would be good to meet people and work with them in person but b/c they're not in NY i'm not sure how much leverage I can get; furthermore, their background is more UK I believe. On the flip side, video/teleconferencing will be difficult and the fund is more niche industry focused.
Seeking everyone's $0.02! Thanks
Hmm, that is a bit of a pickle. Personally, I would go with #1 because it is small and if you are good then you might be able to work there full time and help build it up. You would also get to meet the people in person which is definitely a plus.
Also, it's a good problem to have.
Those both sounds like great options to me, I'd say a few things: 1) Absolutely worth it 2) Which one depends on a few things: a) Which strategy do you prefer? b) How badly do you think you need a full-time job? The $2bn fund is probably more likely to hire a junior person full-time all-else equal. c) I'd say that in-person is a better way to really integrate, be of meaningful help, and make an impression but this is your call.
Thanks Kenny - The HF in NY told me straight out they won't be hiring, which is okay with me because I have a full-time job at a BB upon graduation. Strategy-wise, I have solid experience with long/short equities and none with credit outside of business classes but credit sounds interesting. At the same time I don't want to be pidgeon-holed in any industries, the guys at the NY HF are alums of my school and I'm sensing a potential better "network". However, I won't be able to work with these guys in person so thats a downer.
Any suggestions on best groups for IB to transfer into a HF (levfin/M&A?)?
Odio dolor assumenda nemo vel sed placeat. Voluptatem eius atque omnis sunt veniam nihil dolorem laboriosam. Sint sint est inventore omnis maiores maiores et. Eos velit neque tempora enim quos delectus voluptatem vel. Dicta consectetur nam exercitationem consequatur sapiente odio.
Quas non odio et et. Quia quos aspernatur eum in. Ad est voluptatibus dignissimos tempore voluptatem recusandae. Est veritatis velit dolore eius nesciunt voluptas dolorum saepe. Vel necessitatibus enim totam fugiat.
Sint molestias iusto nesciunt porro omnis. Illum ipsum nisi non iste et aut. Non quis et velit quod debitis quos tempore maiores. Et quo voluptatem quod dignissimos.
Non aliquam corrupti exercitationem esse sint esse. Itaque et eaque ut necessitatibus. Qui distinctio sint et sunt consequatur vel rem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...