1/1/17

I am currently a sophomore in high school and am extremely interested in working in the the hedge fund in the future. Are there any suggestion for which majors in college are the best pick to land a job at a hedge fund right out of college. Not really focused on a specific type of fund yet just the overall industry.

Comments (8)

1/1/17

Couple things: It is EXTREMELY rare to land hedge fund position straight out of undergraduate school even if u went to Wharton, Harvard, etc. They just rarely recruit undergrads unless you have personal connections within the industry. Most start out working in Investment Banking as Analysts working their way up and transferring to work at a Hedge Fund later on.

In terms of majors, if you want to go straight into Wall Street (investment banking, private equity, maybe hedge fund) after graduation here are SOME typical options:
1. Do ANY major at top, elite schools (like Ivy League + Stanford). Even if you did English Literature at Harvard, you still have high chance of being recruited. High GPA and good EC's are surely important.
2. Economics or Finance Undergrad at good school with high GPA, good EC's (eg. Wharton, Stern, Haas, Ross undergard). This is a solid path if you are damn sure that you want to work in finance/business and have no other major interest you want to pursue. Even if you want to pursue other interest, you can do a minor or dual-degree.
3. Maths intensive majors like Mathematics, Computer Science, Engineering, etc. at a good school with high GPA + good ECs. This is good if you are really good at math or you have an interest in engineering & other majors. Wall Street appreciates strong math background and someone who is good at physics/math/engineering can easily learn finance on the job. The downside is that you might not develop the social skills needed in a fast-paced, business environment.

Hedge Fund Interview Course

1/1/17

In terms of schools. Does it matter if I go to Cali, NC, FL, etc as long as I go to a top school or will staying in the northeast help my chances of being recruited.

1/1/17
s.ram:

In terms of schools. Does it matter if I go to Cali, NC, FL, etc as long as I go to a top school or will staying in the northeast help my chances of being recruited.

Top 30 or so US News Rankings is what we mean by a good school, or a target/ semi-target as you will hear on these boards

I work in Insurance. Its not bad.

1/1/17

If your goal is to work in NYC, then going to East Coast school is better for on-campus recruiting (OCR) definitely. But don't forget, Goldman Sachs and many other firms have offices in LA in West Coast. Many people from Berkeley Haas are recruited into NYC too.

1/2/17

I'd say the best thing you could do right now is work on making sure you get into a top college, good test scores, etc.

1/3/17

Listen to this comment and thefinancekid's comment, in that order

Best Response
1/4/17

Yeah, just make life easy for yourself if you're set on this path. In short, do what needs to be done to get to a target school (don't compromise on this early by saying bottom-end of Top 30 will do), then get top grades at said university. Then get yourself involved whilst at university by doing some leadership stuff (read: societies), sports, run a real or fake money portfolio to familiarize with the markets, read through as many books on investing as you can (can't go wrong with the classics, depending on what kind of investing you want to do).

To get your initial job in the hedge fund world it's largely a matter a jumping through loops (i.e. top high school grades, top university, top university grades, leadership experience to show you're active, sports or similar to show you're competitive, general knowledge how to interview properly and knowledge about the markets / philosophy of investing --> DONE) - not much different to what you would need to do to get a front office role at a bulge bracket, maybe just need more intuition / on your feet type reasoning ability / capacity to work solo and just figure it out at a HF.

1/4/17
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