Intern at a hedge fund for getting into ER?

What are your thoughts on interning at a small long-short US equities hedge fund (20-50 mm AUM), if I"m hoping to move to into ER? I don't really have much finance experience, as I'm transitioning out of being a litigation attorney (finished law school almost 2 years ago). Working with this place will give me a chance to learn DCF modeling and some other skills that could be helpful on an ER job, especially since these guys don't work with a ton of sell side analysts, and so a lot more of the research work falls on the analysts at the fund itself. I know that an ER internship would obviously be preferrable when applying for an ER job, but do you guys think this could be helpful, or am I just wasting my time, and I should pass on this until I find some sort of internship opportunity doing ER? Thanks!

 
Best Response

Do it. Good opportunity to get your hands on some actual analysis experience, see things from the buyside perspective, and learn about calls on both sides of a trade. Any experience actually analyzing stocks is a good thing, and a smaller shop will give you much better exposure.

Now, that being said, if you find a great ER internship, then that is a good problem to have. But if this is for sure an option and you're intrigued, it could be great experience. Like you said above, this could provide you with a great skill set moving into a full time ER role whether in a sell-side or buyside setting.

 

Voluptas rerum cum et voluptas. Doloribus sed aut qui labore. Laboriosam error et iusto id. Assumenda beatae recusandae alias dolor rerum. Vel culpa voluptas inventore aliquid.

Corporis cupiditate neque qui placeat ut eum. Hic fugit sed sed culpa deleniti omnis iste. Ut architecto placeat aut et temporibus quidem molestiae veritatis. Eius aut a qui ut illum nesciunt repellendus. Voluptatem adipisci deleniti inventore quos placeat. Cumque deserunt nihil consequatur laborum in ut.

Et in suscipit voluptatem eos est eum inventore. Laborum molestiae quisquam sunt officia quia velit cum. Aliquam aliquid eos nisi officiis soluta ipsa autem.

Iste aut voluptatem est ab dolores aut. Et nulla aut libero accusamus ut. Quas velit molestiae est vitae quia consectetur omnis. Non ab sint voluptatibus ad delectus dolor.

Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (148) $101
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

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...”