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Offer on Table from Non-HF while on Path to HF
Hey all, I'm passionate about investing and would like to work at a fund. I've had my own successful PA for ~2 years (don't worry - in touch with reality, understand I'm not a wunderkund for short-term success) and passed L1 of the CFA in Dec 17. Just graduated Economics from a...
Offer on Table and Unsure if Consistent with Long Term Goals
Hey all, I'm passionate about investing and would like to work at a fund. I've had my own successful PA for ~2 years (don't worry - in touch with reality, understand I'm not a wunderkund for short-term success) and passed L1 of the CFA in Dec 17. Just graduated Economics from a...
Best Programming Language for the Buy Side?
Hi WSO! I am a student who has the summer off, and I was thinking of learning a programming language or two. Any suggestions on which programming language I should learn? I hope to end up in HF LS equity one day, maybe credit HF , and I am curious if programming is useful, and, if so, which one?...
How does one become a portfoilio manager like Bill Ackman?
Everyone hears about the big hedge fund tycoons like Bill Ackman and Ray Dalio, but how does one actually get to a level like that? Please share your ideas/comments if you aspire to be like them.
HF to IB, back to HF?
So I'm a freshman at a semi-target. Copped a HF internship at boutique (1bb AUM) this summer, piked a lot of interest from a VP at a 15-25bb fund for next summer (first is long/short, second is long value only). I'm very interesting in having my career in hedge funds, possibly starting my own one...
Will financial analysts ever go extinct?
Wondering what is WSO's take on the coming automation of financial analysis. Will markets ever get so efficient from the algos that CFA®'s and research associates won't be needed?
Capital Call: Launched Anti-Phony Innocence Fund IV - Min $5m - No Ivy League bastards; PM me for NDA
If you really want to hear about it, the first thing you'll probably want to know is Caulfield Capital's strategy, and how much we launched with, and how much I got from the friends and family round, and all that David Rubenstein kind of crap, but I don't feel like going into it if you want to know...
Entry Level Hedge Fund Salary
How much would a 1st year at a $1.5B aum hedge fund with about 20 guys expect to make? Small Hedge Fund Associate Salary Your salary will largely depend on the size of the hedge fund that you are working for considering the 2% and 20% structure. However, the general consensus is that analysts coming...
Salaries in Toronto
Anyone aware of REAL salaries in Toronto? what is the compensation for every level? I'm inclined to think somewhere around these numbers: ALL IN SALARIES Analyst (1-3 years): min- 130k & max-185k Associate : min- 220k & max- 320k VP: min- 400k & max- 650k Director: min-650k & max- 1M MD: min- 1M &...
Undergraduate: Wharton Huntsman Program or HYP
All: I have been accepted into the Huntsman Program in International Studies and Business at Wharton at UPenn as well as two of HYP. I need advice on choosing between the two styles of education. At Huntsman, I can earn an SB in Economics and AB in International Studies. I also plan to complete the...
University of Illinois Computer Science & Statistics Major. What are the chances that I can end up in IB or HF space ?
Going to be attending UofI next year. How does UofI do with placement at funds or I Banks? Chicago area or New York preferably. Goal is transfer out to Cornell, Penn, NYU or UChicago, but in the case that doesn't work out, I would like to know what I am in for. Thanks!
Principal Investments or Credit Opportunities fund?
Hi everyone, My background is M&A (2years) at elite boutique in London (think Moelis, Laz , PJT). I have now 2 opportunities: 1) join a Principal Investment team from a global asset manager (think Brookfield, PSP, CPPIB). Investments are done across the credit spectrum. They would for instance buy...
Do I have a chance at breaking into an equity research/investment organization at this point?
What i am wondering: is it wise at all for me to spend my time applying to investment organizations (is my resume going to continue to get thrown in the trash?). I'm a graduating (in may) economics student at UW-Madison and have a 3.5 GPA with experience interning at a small, no-name real estate...
Hedge Fund: Research Analyst vs. Portfolio Manager
Slow morning for me, so I decided to share my thoughts concerning the differences between a research analyst and portfolio manager. Think you have what it takes to be a portfolio manager? Every aspiring buy-side analyst I know eventually wants to become a portfolio manager at some point. However,...
Resume Review/Writing Help
Can anyone recommend any good services/templates for resumes? I recently just started actively looking for another job. I work on the buy side as an event-driven investment analyst, looking to upgrade to a better buy-side/ hf . My resume template has not changed for years, and I am wondering if it...
RBC Global Arbitrage & Trading
It's time someone at least attempted to shed some light on this group. This is RBC (Royal bank of Canada; Canadian equivalent of GS)'s prop trading desk. The group is apparently very impressive/profitable and even after the financial crisis, when banks were pressured to offload their prop desks, RBC...
Social media and investment banking
Can you have a public social media account such as Instagram if you have a career in banking, or any other finance field, and post pictures of your lifestyle, yourself, etc. Will people in the industry see this as something bad or will it not even matter? What are your thoughts on how a top finance...
Finance/Accounting Jobs Outside of IB in Canada
I was wondering if anyone knew what jobs outside IB looked like in Canada. Toronto overall has less of a finance scene than NY so I had a few questions. 1- What finance related job do most people go into besides banking in Canada? 2- What's PE , HF , PWM , Financial Analysis, Corporate Finance,...
Final round buyside interview
So I had a rly good final round with case study with the partners. Reception was very positive: they asked abt when I expected comp, when I would be able to start, and if I was talking to other shops. They said they were hiring for 2-3 jr positions, and that they expect start date to be within a...
exit opps - shareholder activism group
Hey all, just wondering where associates/2nd year analysts typically exit to from shareholder activism type IB groups. I know activism defense advisory is offered by some BB and EB banks and was curious if most stay in IB or eventually try to land at an activist fund or in PE .
Wharton or Bust
Are there hedge funds - or other buy side firms for that matter - that recruit almost solely, if not solely, from ONE school? Ex: X firm only takes in Wharton grads. Y firm only recruits from MIT. And so on. Basically, are there real Pearson Specters out in the world of high finance? If so, which...
Hedge fund analyst compensation (experienced)
What is the expected all-in compensation (Base+Bonus) for a Hedge Fund Analyst with 2 years of banking + 2 years of private equity experience? I checked the WSO Hedge Fund Report and believe those data points are for analysts coming straight out of banking.
WSO Hedge Fund Guide and added value for an Event driven recruitment
Hello Everyone, I'm fairly new here! Living in France and doing my masters in Management at a top B-school in the country. I am currently in the recruitment process at an event driven hedge fund in Paris with their corporate (event) driven strategy team (excluding Merger arbitrage). The Hedge fund...
Started a Crypto Fund - Looking to Connect with Fund Managers, etc.
Hello everyone, long time reader - first time poster. I'm the founder of a crytpo "hedge fund" with a 3 person team (we launched about 3 months ago). Looking for advice on networking, fundraising, finance info, etc. Originally from Michigan but live in Los Angeles. My background is computer science...
Hiring Market in Hedge Fund
Hey guys, what is the current hiring market like for junior laterals at fundamental hedge funds? I assume pretty bad from weak fund performances you hear about in the news but was curious. Thanks.
PJT Park Hill Group Hedge Fund Distribution Interview
Hi guys, I have a first round interview coming up in the coming days and was wondering if somebody could give me some advice on what to expect. I'm currently employed in a small merchant bank and had a 6mo internship at a PE fund. I don't have too much background on HFs but I understand what they...
Pay Consultants with stock options
Hey fellow guys and girls, i just watched Bill Ackman making his investment case into ADP (www. youtube .com/ watch?v=uwo72TilumU&index=250&list=WL). He is making the case that there is a lot of room for operational improvement and also gave some concrete examples. Some what he is doing here is imo...
Private Capital Advisory - Typical analyst deliverables and day-to-day work
Hey guys, So I know people have explained what PCA is on here, but can I get some insights about what an analyst does day to day? I know that the group focuses on raising money for funds and also advising funds on whether to sell their assets off or not but what specifically does the analyst do to...
30 yr old thinking of b-school, need advice.
Hey Everyone, First time post. Just want to solicit some advice from members who may have been in my position and get some realistic feedback about my thought process and plan going forward: I’m 30 years old and have been working in the investment management industry in one form or another since I...
How to transition from Fund accounting(B.O) to H.F. (F.O)
I am currently based out of India. will be joining SSC GlobeOP (Mumbai) FA team -plz suggest career path in order to shift to H.F (F.O). P.S - I have made a plan which involves 1. Networking with PB (My profile at SSC involves interacting with them for confirmation) 2. Clear CFA L-1 June'18 and then...
What is my Career Path to Working in Asset Management
QUESTION: I am aware there are threads on this, but my post pertains to my personal situation. I am currently a first year associate analyst at a Rating Agency and I want to make my way to the buy side. I don't care too much for working at a hedge fund, I am thinking more along the lines of a mutual...
HF Interview Stock Pitch: what the market thinks?
I've been reading through some HF interview guides and sample stock pitches, and one topic keeps popping up that I'm having some trouble with: How do you know how the "market" is underwriting their assumptions from a valuation standpoint? For example, the market thinks Company A's North America...
Current Intern - Need advice
Hi Guys, Looking for advice from those who have a fair amount of experience in the IB / HF or any corporate office field So, I'm a computer science undergraduate in the UK, going into my final year of university (equiv to senior year in the USA) this academic year. Non-target because I was a fuckwit...
A PM that refuses to show marketing deck w/o NDA
Hello, Long time reader and posting out of a little frustration. I work with an HF as a capital raiser and our PM has a unique strategy completely uncorrelated from credit/equity which is still an emerging opportunity with a lot of potential. My issue is when I reach out to allocators he refuses to...
I have been told that I can't make it into the finance industry (HF, VC, PE, etc.) because of my height?
Hello everyone, I am a freshman attending Dartmouth - majoring in economics. I am focusing my future on finance, whether it be working at a hedge fund or private equity. But I've read and have been told a few times that I won't be able to make it in the industry because of my height. I am 5'7. It's...
Starting a Cryptocurrency Fund
My friend is starting a fund with the intention of trading & holding cryptocurrencies (BTC, LTC, ETH, etc.) between international digital currency exchanges. The fund will be set up to manage money in a similar fashion to the hedge funds that we are all familiar with. The question is: What are...
What happens to Undergrads who fail to secure an internship?
As we all know, **Investment Banking is a highly competitive industry to get into. **Not everybody goes to Wharton or Harvard Level Ivy Leagues, for most of us we'll probably go to a University of California Berkeley/USC/Duke/Notre Dame/Brown University type of ranking school, which is nothing to be...
Q&A: Research Analyst at Event-Driven/Special Sits HF directly from "non-target"
I've been a frequent reader of WSO for the past few years and I thought it might be helpful to anyone interested in a similar career path as mine. I definitely gleaned a lot from others here so hopefully I can answer some questions people might have. Background: 2nd Year Research Analyst at a top 5...
Hedge Fund as the 1st job out of undergrad
Hey fellow monkeys , I have a job offer at a hedge fund (>25bn ) straight out of undergrad . However , it is for operations and it lasts 16 months . What do you think ? - how does this set me up in the future ( b-school , other FO roles ) ?
Millennium Management Long / Short Interview
Hi all, I will be beginning the process with Millennium Management soon. This will be for an equity long / short team. I'm currently in banking, went to a target, and fortunately have some time to prepare. I know a pitch on several ideas is probably to be expected, and I will sound intelligent about...
What does Stephen Mandel's bio say about finance these days?
Came across the bio of Stephen Mandel. Apparently he spent 4 years at Mars & Co. as a consultant before going to business school, working as a consumer/retail analyst at Goldman for 6 years and then joining Tiger Management (becoming an MD after 7 years). He then left to start Pine Capital. Is it...
How beneficial is Martin Shkreli's course for a novice? (Financial Modeling/Valuation)
I'll be attending college in the fall and wanted to get a head start and learn financial modeling and valuing companies. Are Martin Shkreli's videos on YouTube ( ) a good resource for me to learn modeling and valuating a company? It seems to be helping and I am understanding what he says and I...
How to maximize 3 months in NYC
I will be spending the summer interning in NYC and am curious what interesting things I should take advantage of. Hoping for atypical things to do (i.e not "seeing the Statue of Liberty"). Places to check out, things to experience, places to eat, events to attend, etc. Whatcha got?
Fundamental L/S equity analyst to alphacapture product manager
I am currently an analyst at a 200m AUM hedge fund working as a fundamental equity L/S analyst. Got an opportunity to interview for an alphacapture product manager role at one of the largest/prestigious quant HFs in the world. Would this kind of move make sense? I understand that quant HFs are...
Emergency Physician to Consulting
Hi all, I am a practicing emergency medicine doc trying to leave the field of medicine. Though I could list all the reasons, I feel for now it is sufficient to say I have invested significant time into reaching this decision and am quite confident in it. With that said, I don't know how to get out!...
Catered Internship Networking Event
On May 31st at 7PM, the Bergen County Technical School is hosting a networking event for talented high school interns interested in a career at Wall Street. Firms like Neuberger are coming. The students take rigorous courses that involve technical/fundamental analysts, college level accounting, and...
Stay where I am or join HF
I am using a separate account to stay anonymous. Anyway, here is a little bit of general background: I have been working since graduation for a unitranche/mezzanine fund with a separate mandate for leveraged loans in Europe. I have been doing very well here and am looking to be the youngest one ever...
Post MBA Mutual Fund and Hedge Fund recruiting
How competitive is recruiting for mutual fund or hedge fund equity analyst roles post MBA? Since active management is under pressure, has that changed recruiting in a meaningful way? I will be entering either Columbia or Wharton (waitlist) in the fall. My background is in MM PE but I am considering...
What is the future of the hedge fund industry and will non-automated/quant strategies be able to compete?
Hi I am in high school and I really like investment (not day trading nor the different automated trading methods). I like value investing, growth investing, arbitrage, and generally strategies that are more discretionary and require understanding businesses and going deep into them. I do use quant...
Hedge Fund Trader Compensation - What % of profits do traders get paid?
Hey I have a bonus compensation meeting this week and am wondering what's standard profit share % for traders. Need to be ready to negotiate. Thank you.
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