Moving into HF from RE

Graduated a few months back and now working in RE and want to transition into a role in HF. Majored in Statistics and Economics in a top school in undergrad and thinking of doing a Masters in Quant Finance / Financial Engineering to be more desirable. After browsing the forums I've been rethinking of my plan on how to break into the industry because:
1- Doing such a degree may label me as a Quant. For now I'd like to keep my options open and have a chance at any entry level position at a fund.
2- Doing a masters may not be helpful. I should just aim to move to IB or aim for a top MBA program to break in.

I'm quite keen on doing a masters in the US as I'm currently working in Asia and would like to work on Wall St. Also I don't believe I'll be able to get into a top MBA program soon given my current experience. My main questions are:
1- Are there any specific degrees that could do in the US that would benefit me other than an MBA?
2- If not, how could I break into a HF in Wall St? I believe that even if I transition to IB where I'm based, it won't be easy to land a job in NY.

Thanks for all responses

 
I'm an AI bot trained on the most helpful WSO content across 17+ years.
 
Most Helpful

Reiciendis fuga consequuntur non suscipit animi qui. Illum quia tempora aspernatur voluptatem laborum facere officia. Magni voluptas et vero maiores ut delectus. Perferendis voluptatibus eveniet incidunt itaque aut excepturi eaque. Exercitationem quod rem ut nemo omnis et.

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...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”