How to Break into the Hedge Fund Industry

Hi,

I am a web designer and would like to cater my services towards hedge fund companies. Can anyone be so kind and advise how I can reach potential new hedge funds and create their website for them? Perhaps website and transition to IT service.

Your help is greatly appreciated.

Thank you

Tommy

 
Best Response

The honest quantitative answer is that your chances are low. I have to say that my qualitative answer based on your post is also low. The reasoning behind that is that: 1) While (like most people on here) you say you "Have the passion for Finance, stocks, etcetc" you don't really go into why/how this manifests in you having an actual knack for investing; 2) This is stereotyping, so forgive me if I'm off-base, but "finance" and "sports agent" are two of the classic "I think that would be cool and I perceive that people in those fields make a lot of money" answers to what you want to do with for a career, and they aren't really very similar in terms of what sorts of skill-sets/personalities are a natural fit.

It's entirely possible my qualitative portion is wrong, and if you have any additional thoughts/questions about the industry there are people here who can help you get answers and perspectives.

There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.
 
Kenny_Powers_CFA:

The honest quantitative answer is that your chances are low.
I have to say that my qualitative answer based on your post is also low.
The reasoning behind that is that:
1) While (like most people on here) you say you "Have the passion for Finance, stocks, etcetc" you don't really go into why/how this manifests in you having an actual knack for investing;
2) This is stereotyping, so forgive me if I'm off-base, but "finance" and "sports agent" are two of the classic "I think that would be cool and I perceive that people in those fields make a lot of money" answers to what you want to do with for a career, and they aren't really very similar in terms of what sorts of skill-sets/personalities are a natural fit.

It's entirely possible my qualitative portion is wrong, and if you have any additional thoughts/questions about the industry there are people here who can help you get answers and perspectives.

U said something thats veryyyyy important and I want to clear up in my post. Thats the sports agent thing, I was hesitant to even include that into my first post for the exact reason you said and I completely agree with you. It is a career that people always look at like "I wouldnt mind being Ari Gold." with no real concept that most agents represent players you've never heard of, arent making millions, and work insane hours / schedules for back ups in an extremely competitive field. Or the idea that you dump thousands of $$$ into players getting their training, housing, meals, etc in perfect order and they might not ever even make the league and pay you back. My reason for wanting to be in the sports agent business I feel is a tad different due to my conversations with friends that are going to be in some of the highest athletic levels, already in the field, and generally just things I rather not discuss here, but by NO means do I think of being a sports agent as a "im gonna b ballin with athletes at club LIV in miami with tons of women."

Maybe I dont have the finance passion like some people how could i ever b certain? All i know is that this itch to switch my major to finance keeps getting stronger and the single thing holding me back is the idea that I went to such a terrible school ill end up being a teller at bank of america (sarcasm.... a little lol). If I could go back I would have definitely chosen a better school.

Besides that the first part of your post is very interesting, maybe because I enjoy it theoretically and the idea of investing doesnt mean I would be good at it? I dont think you can truly know until your own ability until you actually invest. But basically you answer is kind of my biggest fear, that is my chances probably are very low.

 

I can say that in terms of going to a non-target school you shouldn't worry too much, if you network your ass off and are determined to land an internship or something relevant to the field then your chances will be much higher. However, based off your post it doesn't seem like you really understand the HF industry and where you could possibly fit in. Anyway, I went to a completely non-target liberal arts college and graduated with a shit GPA and a B.A. econ degree, but I still was able to land an entry-level analyst position for a hedge fund about 2 months after graduation. From my experience, the best advice I can give would be to do some top-down research and figure out where you fit in. By this I mean, start researching the HF industry as a whole, for example, get a basic understanding of all the different types of hedge funds and the strategies that they specialize in. Once you have that basic understanding, see which types of strategies interest you. Next would be to figure out if you want to be an analyst or a trader, a good place to start is understanding the basic differences between technical and fundamental analysis. Next you should do as much research as possible on the assets that interest you (equities, fixed income, derivatives etc..) That was just a very general few steps of advice, but the most important is to understand what HF's do and the different strategies that they employ.

There are tons of people that say they have a "passion for finance/stocks", therefore, I wouldn't ever say that phrase again, especially on an interview or to a possible connect. You should also do some research on the private equity industry, still hard to break into, but since it seems like you're unsure as to what kind of investing you want to do then it probably wouldn't hurt to look into.

Last thing, don't feel discouraged if people on this forum say you don't have a chance, just take it as a sign that you still have a lot of research and work to do. Remember, all it takes is that one person to say yes and give you a chance.

 
quixoticelixer:

I can say that in terms of going to a non-target school you shouldn't worry too much, if you network your ass off and are determined to land an internship or something relevant to the field then your chances will be much higher. However, based off your post it doesn't seem like you really understand the HF industry and where you could possibly fit in. Anyway, I went to a completely non-target liberal arts college and graduated with a shit GPA and a B.A. econ degree, but I still was able to land an entry-level analyst position for a hedge fund about 2 months after graduation. From my experience, the best advice I can give would be to do some top-down research and figure out where you fit in. By this I mean, start researching the HF industry as a whole, for example, get a basic understanding of all the different types of hedge funds and the strategies that they specialize in. Once you have that basic understanding, see which types of strategies interest you. Next would be to figure out if you want to be an analyst or a trader, a good place to start is understanding the basic differences between technical and fundamental analysis. Next you should do as much research as possible on the assets that interest you (equities, fixed income, derivatives etc..) That was just a very general few steps of advice, but the most important is to understand what HF's do and the different strategies that they employ.

There are tons of people that say they have a "passion for finance/stocks", therefore, I wouldn't ever say that phrase again, especially on an interview or to a possible connect. You should also do some research on the private equity industry, still hard to break into, but since it seems like you're unsure as to what kind of investing you want to do then it probably wouldn't hurt to look into.

Last thing, don't feel discouraged if people on this forum say you don't have a chance, just take it as a sign that you still have a lot of research and work to do. Remember, all it takes is that one person to say yes and give you a chance.

Would you be willing to speak more to how you accomplished this?

"When you stop striving for perfection, you might as well be dead."
 

I appreciate all the replies of course! I expect a few "you have no chance" people, and a few "anything is possible." As of right now I'm going to aim for a finance internship (willing to take anything at this point) this summer hopefully in San Francisco or Los Angeles. Next semester I was also thinking of possibly joining the Finance Business fraternity? What are peoples thoughts on this? Might be a good idea and easy way to meet some finance related minds since I dont really know any. I guess my last real question is when I graduate next fall semester what would be my optimal path, thats also realisitc?... Getting an IB job at GS is obviously a pipe dream and not reality. Coming from a non-target and being in California... Sometimes I think of moving to New York but in the back of my head I think "you could probably find jobs here, its not like the west coast doesnt deal with finance."

Thoughts? Am I crazy? Sometimes I just feel overwhelmed lol!

 

If I got a 2.12 GPA at my non-target my freshman year and, since then, I've interned at a hedge fund, 2 pe (buyout + pledge) funds, and 2 investment banks, and am currently talking to people at MMs and BBs (including Goldman IBD), then you can do it.

You just have to be RUTHLESSLY (calling up 400+ IBs till you get one offer) determined to change things like I was.

"Respect others in their view, and demand that they respect yours. Love your life, perfect your life, beautify all things in your life."
 
craigje1992:

If I got a 2.12 GPA at my non-target my freshman year and, since then, I've interned at a hedge fund, 2 pe (buyout + pledge) funds, and 2 investment banks, and am currently talking to people at MMs and BBs (including Goldman IBD), then you can do it.

You just have to be RUTHLESSLY (calling up 400+ IBs till you get one offer) determined to change things like I was.

Wow that's a come-from-behind if I ever heard of one. Awesome job. So, in your experience, ruthless cold calling works? Good to know.

"When you stop striving for perfection, you might as well be dead."
 

@ craigje1992

Talk about pounding the pavement. Well done man - two thumbs up.

All the world's indeed a stage, And we are merely players, Performers and portrayers, Each another's audience, Outside the gilded cage - Limelight (1981)
 

To the original poster: there are certainly a bunch of people who have succeeded from more difficult backgrounds than yours (some are in this thread). I think they're right on "target" (see what I did there?) when they say network your ass off. However, I'm going to try and give you a bit more color.

I should preface this by saying I agree with Kenny Powers that your chances are low, but I hope you surprise me. The fact that you post things like "U" and "veryyyyy" on this forum causes me to think your chances are even lower than I would otherwise.

So, I'm going to try to imagine how you would get a job at my fund. As a preface, I should note we are not one of the snobbier places in the industry. First, you'd have to get your resume to us for consideration. This would be hard for you unless you had already worked at a place with a good reputation as we don't usually react well to cold emails, so you'd probably need to come through a head hunter. Head hunters will not give us your resume unless you have strong prior work experience given your college background. Failing a head hunter being wowed, if you knew someone well enough at my firm to submit your resume, that would work.

Now, let's imagine you got into a resume stack. Someone is going to screen the stack. They will probably ding you very quickly with a low-ish GPA from a low tier school in a major most of us consider to be a home for mediocre idiots as an undergrad. It is literally true that my admin has a degree that is a bit better than yours. The only way you can get out of an auto ding is to have worked somewhere or some collection of places that are incredibly impressive. Let's imagine you had a job that got over this hurdle. Whoever is doing the interviews is going to have to decide whether they want to interview you and, as spots are scarce, they will feel like they are taking a chance on giving you an interview instead of the guy from Princeton or MIT.

If you make it to the interview, whoever the analyst doing it is would give you an incredibly hard time. I would probably ask you very hard questions if I were your interviewer, because you would need to convince me you were not an idiot. The bar is, if anything, higher for you than it would be for the other candidates because you have such a non-typical background and if you get to second rounds and suck, people will trust me a bit less. I care about my reputation. So, this is to some extent a selfish maneuver. By the way, as I said, I think my firm and I are both relatively not snobby about schools, so this is a fairer shake than you'd get a lot of places or from some of my co-workers.

If you make it past first rounds, you have to really impress everyone you meet at your super day(s). Everyone, from the partners on down, will feel like we are taking a chance if we higher you, so you need to be very impressive just to have a shot.

All of that said, I think if you network your ass off and get great internships, you can make it work. Getting a great internship is probably easier in some ways and certainly more network driven than the process I just laid out above. The competency hurdles are lower.

Based on your post, and I don't intend to be rude, I'm guessing if I interviewed you for 10 minutes right now I'd conclude within the first 5 you were done and I'd send you home.

 

First off its my mistake for posting "u" and "veryyy" and underestimating the formality of this forum I guess. I definitely feel like this has been the most "realistic" post that truly shows what I'm up against. To address your "I don't intend to be rude" comment, don't worry about it. I would be offended if someone held back information on the basis of possibly hurting my feelings. On top of that your entitled to your opinion just as much as I am. Appreciate the post and would have to say it's probably been my favorite response since I started the thread.

 

Good. I'm glad and I hope you're fired up. Go kill it, prove you deserve it and maybe someday I really will be interviewing you and you will last more than 10 minutes.

Also, just because I think it's useful for others and because I've heard the target vs. non-target debate often, the reason I think I'm being unusually fair is that if you impressed me in a first round interview, I would let you get to second rounds.

A friend from college (and I went to a good college) recently graduated from a top business school, but worked at a well regarded consulting firm before. He wanted to move into finance at a hedge fund (not mine). A guy interviewing him asked him nastily technical questions and, even though he probably answered them correctly, got dinged because he didn't have the profile they wanted in terms of work experience. That strikes me as a bit unreasonable. If you answered hard questions correctly so I believed you could do the job, I liked you and you impressed me for some reason, I would let you move on to subsequent rounds of interviews despite your educational background.

And, like I said, some people wouldn't.

 

I hate you.

Seriously though, the one with the best search bar. And the ability to spoon feed without spilling too much down ya face. Open wide, the aeroplane is coming.

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 

HF recruiting isn't as structured as PE. Recruiting doesn't happen every year at smaller funds, so a lot of it comes down to relationship and when you reach out to headhunters.

In my group, of the analysts the year above me, 3 went HF, 2 to PE, 1 to b-school, 1 stayed on. In my year, almost everyone else left for PE.

 

Here is some info on my background: I'm starting my MBA at a finance school (HSW), been doing investment consulting at a reputable place for three years now, and have CFA. My undergrad was engineering at a top 10 engineering school.

Ideally I'd like to jump to HF right after business school, but for the strategies I am interested in (long short equities, or distressed opportunistic) they require either banking experience or some sort of experience where you are exposed to company or security valuation. I don't have that, hence my plan to do i banking for 2-3 years and learn this stuff. I can learn this stuff on my own but not sure hedge funds would take a chance on someone with no prior professional experience on that type of work.

Welcome your thoughts...

 

I was with a Big 4 audit practice and I landed a non-accounting role at a hedge fund. A recruiter contacted me about it. They specifically wanted someone from a cpa background. Sometimes it's just luck...

 

it will be very tough.

to get into a hf

1) strong connection (family member. etc) 2) strong background (top ibd groups, top undergrad, etc) 3) luck?

I would suggest you develop your fundamentals by getting into IB first, unless you want to go to a macro fund which will require several years of exp on a desk at a BB first.

 

You are clearly missing the concept here and being way too vague. What is it that you want to do at an IB or HF? These are two completely separate animals.

...and two, what is that you do in PE?

Please don't make me talk to you like an asshole...
 

Please excuse the year long break. Ideally what I am looking to be apart of is a Deal sourcing team. I've been attending PE/VC/Angel conferences through out NYC and I enjoy this aspect of the business. My current role has me at the end of the deals, I want to be involved from conception.

 

I think the answer is that the difficulty of landing a HF job is dependent on a number of factors. First, not all BB analyst positions are equal. If you are coming from a top group vs a bad group odds of getting an HF job should be better.

Second, difficulty depends on the type of hedge fund you are trying to work for. If you want an analyst role at one of the top HFs, like Citadel, it is going to be considerably more difficult than a smaller shop.

Also, this question depends on what exact job you are looking for at a HF. If you want to be working in some sort of quant group, then you might need that math PHD which would make the job hard to land for most people. There are numerous different investment and trading strategies that demand different skills, so it would be easier to get a job in a strategy that matched the skills you built up as an IB analyst.

That's my general opinion.

www.sharpeinvesting.com

 

well, i think first off you have to have a genuine interest in financial markets or at least come across as you do.

  1. Get in with some headhunters / recruiters or post your resume in our Jobs section under Hedge Funds and anywhere else you can

  2. learn about the different hedge funds strategies - our Hedge Fund Forum is a good place to start

  3. When you interview, try to learn as much about that particular hedge fund as possible PRE interview. You want to be able to sell yourself based on the specific strategy they emply and why you would be a good fit.

Good Luck!

 

Hedge funds generally try to steal talent from other hedge funds, prop trading desks, sell-side research, and i-banking/consulting (for the very junior levels), in declining order. Knowing some of your background might be helpful to give more relevant advice, but here are a couple of thoughts regardless.

Even though it's the obvious first step in order to get your bases covered, I think it will actually be very difficult to find a good hedge fund position through a headhunter. Headhunters have very specific assignments and will not waste any time thinking about helping you. If you meet the criteria of a position they have in mind, then you're in luck and things will move forward; otherwise, you will get to the backburner.

One strategy that works -- and has worked for me -- is to contact alumni from your school's network who are in the field and ask them for advice in penetrating the industry. Never approach them and ask for a job or even an internship. Try to only get some advice and be sure to follow up (send an email every few months updating them on what you've been up to and, ideally following up on a comment of theirs during your initial discussion), build some goodwill, and eventually good things may come.

Keep in mind that hedge funds are a very closed circle -- most know each other, discuss ideas, etc. -- and constantly ask people within the network if they know of good guys. I was recently at an event and must have heard 5 hedge funds hiring, but they are not very active in their search. I mean, if another hedge fund recommends a guy they know (even if he's in i-banking, for example), they will look at him. Otherwise, they will just wait.

Another piece of advice is to include an investment idea writeup when you apply for a job. Even if you don't meet the exact qualifications, the PM may contact you if you have an interesting idea or if he just likes the way you think. I've heard a couple of people that got jobs that way. It works particularly well with smaller hedge funds, e.g.,

 

If you want to get a job at a hedge fund, you should first start out doing restructuring work for a creditor side i-bank like Houlihan, Lazard, Blackstone, etc.

Hedge funds invest in distressed bonds and are the ones that team up with restructuring professionals such as Houlihan. Therefore, it makes sense to build client relationships with these hedge funds by doing restructuring work with the hopes of being hired sometime down the road.

 

this is a double edged sword. especially if you are right out of school as most the time whoever your interviewing has 1000x more experience and they might teven have the trade on. Unless given a project, or asked, I wouldnt give my 'trade ideas'.

Plus, most the time you wont be putting trades on anyways, just doing the background analysis.

 
forexcrazed:
does one have to possess a relevant university degree to get a ++200k position with a hedge fund or an investment bank or sheer trading experience and track record(165% p.a. return), but on a much smaller funds amount, may assist one to get these jobs? any educated response will be much appreciated.

Define "relevant" university degree. Plenty of people at different hedge funds make +200k without a business related degree. I've met people that majored in electrical engineering to psychology that hold these types of positions. Other than being viewed as a relevant learning experience, your track record on a small p.a. will likely not garner much attention. Making a scalable strategy is a whole different beast.

It might be beneficial for you to pursue prop trading. If you're really good, you can probably take away 200k.

 

I know a guy who made absolutely stellar profits for three years at a top prop shop in NYC (mid 6 figure total compensation every year). He did his undergrad at a good school in economics, and received a certificate in portfolio management with an A level gpa, and had an internship in hedge fund research prior to his working at the prop shop. He was rejected from/wait listed from every business school I know of having applied to. Just food for thought - prop shops get no respect, and skill is not necessarily the most direct route to riches.

“...all truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.” - Schopenhauer
 

Darwiner, I would focus on getting a job in the business of trading and forget the education part of if...you arent going to learn anything with an Msc or online economics classes that you cant get in the market in my opinion. If I was you I would keep trading and growing your capital, keep actively looking for a job trading somewhere you can get more capital, and I would also try to build contacts in the industry by sharing trading ideas. I think a newsletter or blog is a cheap way to do this as long as you put in the work to make it good.

 

Yes networking works very well but as one would expect if funds aren't hiring, there's nothing you can do about it. Would try to get introduced to whoever you can using your Rolodex and then try to set up quick conversations with them. Try to impress and ask good questions, but honestly a lot will not pan out to become interviews. Just a fact of life that people either won't exactly love you or won't end up hiring. Just need to be humble and move on.

This went way off topic but you get the idea.

 

I think that with your background, you should look at VC and growth funds specializing in the tech space. It will get you some experience in valuing companies from an investment point-of-view whilst leveraging your experience in the tech start-up space.

VC and growth funds will respect your operational experience, so it won't be too difficult to sell them on your background. At the same time, you'll be able to establish a bit of a track record as a successful investor, and (probably) get to meet some people in the endowment/pension community.

After doing that for a few years, it shouldn't be too hard to set up your own fund or progress to a PM position within an established firm.

 

Thanks for the feedback. Leveraging my past background does make a lot of sense and I have a lot of relationships within the VC space. On that note, how often does someone jump from VC to HF? I haven't seen anyone do that personally so was wondering how likely that would be to happen.

I do have some contacts at DE Shaw and a few private equity funds so I can put the feelers out there to see what the opportunities are as well.

Would love to hear any more thoughts people have.

 

I'm not aware of anyone who's made the jump from VC -> HF. They're very different industries, though I suppose if the HF is investing in start-ups, it could be relevant, but not many funds do that. Starting your own fund is a possibility, but most managers don't look kindly on people who start their own funds, as they'll a) assume you failed (why wouldn't you just stick with your own fund otherwise?) and b) worry that you'll have picked up bad habits/not been properly trained.

You do probably have a good background for tech focused funds, and an operating role at a PE/VC firm would also probably be a good fit. Not sure about DE Shaw, they're probably too quant for your skillset

 

why hf? why not ib, pe, am or working at an IT/tech co in snr mgmt?

you mention the possibility of opening up your own fund first. assuming that you have a strategy in your head, how long have you researched it for?

ok ok, they are just questions. but what i want add, from my personal experiences, is: don't feel you have to move to something similar to your past background. i don't know if that's what you had in mind when writing the OP; i can't tell from your OP if you REALLY hate what you used to do. if you do, it's much better to move away, but to emphasise the skills that you've gained during your interviews apps etc...

 

A few things:

The CAIA is really only useful for people who work with hedge funds and not for hedge funds. The topics relate mostly to performance attribution, portfolio analysis and measurement, due diligence, and operational topics. It is a great exam for your current position but not for the position that you desire. Do the CFA instead.

I am assuming that English is your second language. I understand your writing but improving your written communication skills would serve you well.

Lastly, if you are serious about working at a fund, start following companies, develop trade theses, and start building a track record in a simulator.

 

Quant fund (like DE Shaw, Getco, Jane Street): Math, stat, physics, applied math, or comp sci + math classes at HYPS (Wharton and MIT too), 3.7+ GPA, and a penchant for quantitative brainteasers (for interviews). Beware: being at a quant fund is very different than "investing," it's about using mathematical algorithms to find market discrepancies, not reading through company filings and valuing them. Some people love that type of quant workflow and make bank $$$ out of college. But you actually have to be really, really quantitative to get and hold a job. You need to have some baseline skills before you can realistically aspire for a career in this field. Plus it's sort of a dead end in terms of careers, but a pretty lucrative one!

Fundamental fund: Same college majors if trying to break through from undergrad, although could do economics with 3.9+ GPA. Interviews are less quantitative and often even case-oriented, but few post-undergrad positions. Probably have to go through 2 years in BB IBD, S&T, or high-exposure investment management to land a spot

And fyi it's spelled "curriculum." If you're in 11th grade, it's good that you are ambitious and curious, but focus on getting into a good college right now, because with a top 10 college admission, you will have a lot better career options (including HF). Worry about being the best student you can be, not so much about the career yet. Good luck!

 

I don't think it is about what you as much as as it is where you study. Even though I tend to agree with the opinions above that some combination of Economics/Math/Stats etc. would be desirable, I think that if you study at HYP or Oxbridge, you can also study Philosophy. I have personally witnessed the latter at Oxbridge (HF out of undergrad as philosophy major).

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 
ladubs111:
isn't there a shortage of H1-B visas right now?

I have no idea. I wouldn't mind waiting for next year's availability or whatever. I'm just wondering about the possibility.

Also, I'll add this to the original post, is contacting headhunters a viable option given that I'm looking for a relatively junior role? Do they actually deal with such roles or only more senior/experienced hires?

thanks.

 
Bondarb:
Headhunter. I wouldnt go cold-calling people if you currently have a job...part of the reason cold-calling is so good for college kids is that they have nothing to lose.

Well, that shouldn't be much of an issue as I won't be in a job in a while. Ha! In general given I'm in an unusual situation at the moment that wouldn't be a problem. My PM knows and is happy to give a reference to anyone about me so no risk on that side.

However, I take your point that a HH might be a good start before the cold-calling thing. Any reputable ones in London?

 

LBS is a good start. Also see if you can start the CFA, maybe pass a level or 2 before full time recruiting starts. LBS should have plenty of alums working at Hedge Funds so make sure you reach out to them on day 1.

 

There are two paths you could take: 1) go to sell-side research, get a couple years of fundamental research experience and switch to the buy-side. This depends on your age. 2) network with funds that are hybrid -- use both quant and fundamental analyses in their decision making. This include some notable quant funds like Two Sigma and Nine Chapters. It also includes growth oriented funds, where technical analysis plays a big component. Contact me further for more info.

KJ CredentialFocus .com Premium finance recruiting services
 

You should read this post if you haven't already: //www.wallstreetoasis.com/blog/the-types-of-monkeys-in-the-trading-jungle

The short answer: Yes, you can move to the buy-side from trading, but you'll most likely be hired as an execution monkey.

From my experience, other than the games behind who is trading what and why, and the occasional arb opportunities from thinly traded securities (I was at a FI shop), and free dinners/drinks from the sell-side sales ppl, trading at a hedge fund can get quite boring. Sure, you can update numbers in the models your analysts create, but analysts are the driving force behind revenue at a most HFs, and those positions usually hire from the sell-side banking or research pools.

 

from not knowing much more, I'm sure it can be done. Work hard with the trading types, build a network with them (they'll know others on the street) and take it from there.

Good Luck

I used to do Asia-Pacific PE (kind of like FoF). Now I do something else but happy to try and answer questions on that stuff.
 

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Array

Career Advancement Opportunities

March 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Magnetar Capital 96.8%
  • Citadel Investment Group 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

March 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

March 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Citadel Investment Group 95.8%
  • Magnetar Capital 94.8%

Total Avg Compensation

March 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 (249) $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...”

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From 10 rejections to 1 dream investment banking internship

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