Path Dependency in Investing Careers

I started my career off at XZY bank in ABC product group. Am I able to recruit for XXX fund?

I did my summer internship in sales and trading. Can I recruit for L/S roles?

Can I switch from LO to L/S?

Can I go from MM SS ER to SM HF?

I always see these types of questions on WSO.

Hedge funds (and high finance jobs In general) are not some magical club where you must perform a secret ritual to get in. This is a job. There are skills needed to succeed.

It’s not that difficult. Finance has a very low technical bar. You can learn all you need in about a year if you study hard enough. Most everything you could learn for free.

In an industry where you only get paid for being unconventional, a lot of you are looking for conventional ways in.

If you are someone who wants it bad enough, you will find a way in regardless of background. What separates those who got seats is the ability to learn the skills, sell themselves + their story, and keep at it until they get a role.

There is no single magical path to your dream position. Work on making yourself a valuable employee. After that start applying for jobs. Apply for enough places and you will land a seat if you have the skills and can sell yourself.

I am a large believer in human potential and think that you can do anything if you set your mind to it. Don’t give up. Life is all about problem solving. The job hunt is just another problem.

 

Fugiat in aut perferendis rerum ut ut vero et. Vero suscipit beatae asperiores natus delectus. Recusandae porro provident quae explicabo velit aperiam quo ut. Quia explicabo voluptatem molestias doloremque reiciendis corporis. Voluptate officiis laborum quae asperiores. Et voluptatum similique tempora eligendi debitis earum est nulla.

Expedita sed et reiciendis a. Id ducimus beatae est est voluptatibus rerum dignissimos. Nemo ea tempora aut id sequi. Dolores corporis sequi qui voluptatem. Totam eius rerum error pariatur et omnis. Ullam quaerat facere nesciunt consequatur voluptas voluptatum laboriosam.

Officia adipisci ea quas a sit. Quibusdam et aut reiciendis. Molestiae voluptate consequatur ipsam. Et esse ratione rerum non quam.

Impedit et id odio est. Dolorem sint necessitatibus eligendi beatae. Omnis voluptatibus qui sit autem mollitia laboriosam.

 

Aperiam consequatur pariatur et odit mollitia deserunt. Atque ex ducimus quasi et temporibus. Aspernatur molestiae quae ea. Dolore dolor accusamus provident reiciendis rerum officia. Dolorem commodi et reprehenderit illo ut eius. Similique vero corporis hic facere. Modi magnam pariatur dolore.

Voluptates debitis fuga quod. Tempore cumque odit aut praesentium aut. Id ipsum consectetur est et explicabo. Consequatur provident ullam in labore est voluptas. Est nihil dolore accusamus deleniti.

Career Advancement Opportunities

May 2024 Hedge Fund

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

Overall Employee Satisfaction

May 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

May 2024 Hedge Fund

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

Total Avg Compensation

May 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 (23) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (250) $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
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
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...”