Are there any university classes that anyone could recommend that prepared you for a career in HFs? Or was did most of the learning come from working on the job/trading in a personal account. Really interested in potentially breaking into hedge funds out of undergrad and want to be as prepared as possible. Thanks for all the help!
| Best Public Markets Gig? ER, MM HF, SM HF, or LO AM? | 13 | 2d | ||
| +42 | How to start a family office (HF rainmaker) | 17 | 23h | |
| +34 | Law to Quant Pivot? | 10 | 1d | |
| +20 | People who work at hedge funds, what made you interested initially? | 13 | 10h | |
| +20 | Starting Personal Account | 7 | 40m | |
| +20 | How to destress at Pod HF? | 8 | 4h | |
| +19 | Hedge Fund WLB | 6 | 22h | |
| +19 | HF Final Round Interview | 4 | 4d | |
| +17 | Most appealing public credit seats out of RX? | 1 | 4d | |
| +16 | good fundamentals, bad chart | 8 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Hey chickensoup15, what a lonely thread. I'm here since nobody responded ...so maybe one of these discussions will help:
Fingers crossed that one of those helps you.
Obviously everything accounting, finance, economics, and markets related is relevant. But nothing will train you in modeling, working under pressure, and building resilience like an IB banking analyst program. IB is competitive, but HF out of undergrad is even harder. And of course, many HFs actively recruit out of IB analyst classes.
My candid advice: by trying to sidestep IB, you are hurting your chances of eventually landing a HF position.
Thanks for you reply! IN your experience would S&T give similar HF exit opps as IB? Or is IB --> HF the preferred route?
Unless you're shooting for quant roles, the classes you take at college past the introductory level are not that useful for traditional l/s hedge funds. All the useful training you'll receive will happen on the first year of your job (whether at HF, PE or IB). In terms of useful classes: standard economics, asset pricing, accounting, and some basic programming work. But don't expect those classes to teach you anything past 10% of what you need to function as a real l/s investor.
In my experience, hiring managers see grades more like a signaling mechanism than a reflection of retained knowledge. The best way to get a job in HF straight out of college is to do a ton of investment work (multiple internships) at any existing investment fund, the more famous the better. The best way to get that internship is leveraging your family/friends/alumni network. The second best way is to cold call people for interns. Given how inefficient the hiring market is in HF, you can probably score some sort of position with sufficient persistence.
Notice however, that if you do three summers worth of investment work you're already approaching the level of training of a first year IB analyst. So this isn't really so much a shortcut as an acceleration program.
Thanks for your advice! Very helpful.
Odit commodi pariatur autem corrupti nobis ullam porro ex. Voluptatem porro quaerat aperiam et sapiente. Vero dolorem inventore in dolorum excepturi est est nihil. Ut reiciendis doloribus beatae molestias nostrum. Et blanditiis quo distinctio provident assumenda veniam ut.
Cupiditate repudiandae et voluptas ad sit. Occaecati non rerum impedit fugiat odio eligendi. Rerum unde sunt illo veritatis corrupti sunt doloremque. Eaque corrupti ipsam labore dignissimos quibusdam.
Rerum cum nam possimus quia sint officia qui voluptatem. Ut hic deleniti maxime. Iure rerum pariatur magnam voluptatum eveniet aut. Eveniet quo error omnis sunt dolore illo sit sit. Quae itaque aliquid qui libero dolores nesciunt odit.
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...