Which firms should I look at?
I am a sophomore at UCLA in Computer Science, I have had 2 internships in Data Analytics (1 at a startup, another at top 5 Asset Management Firm) and am looking to go into hedge funds. In addition to being decent at Python and SQL, I also have a mastery of KDB (Which I attribute to me getting the 2nd internship), however, I will be finishing the year with an estimated 3.4 gpa.
Should I apply to firms like point72, millennium, pimco, etc - those which are well known to use KDB even with my subpar GPA?
Based on the WSO threads and discussions, your background in Computer Science with internships in Data Analytics and proficiency in KDB, Python, and SQL is quite strong for a sophomore. Your GPA of 3.4, while not top-tier, is still respectable and should not be a significant barrier, especially given your practical experience and technical skills.
Here are some actionable steps and considerations for targeting hedge funds:
Target Firms Using KDB: Since you have mastery in KDB, which is highly valued in certain financial firms, targeting firms like Point72, Millennium, and PIMCO, known for their quantitative and algorithmic trading strategies, is a strategic move. Your technical skills can be a significant advantage here.
Leverage Your Internship Experience: Highlight your internships, especially the one at a top 5 Asset Management Firm. Emphasize any projects or achievements, particularly those where you utilized KDB, Python, or SQL.
Networking: Continue to build your network in the industry. Reach out to alumni from UCLA working in hedge funds, attend industry conferences, and participate in relevant forums and webinars. Networking can often provide opportunities that bypass traditional application processes.
Tailor Your Applications: When applying, tailor your resume and cover letter to each firm. Focus on your technical skills, and be sure to mention any specific projects or impacts from your internships that are relevant to the hedge fund industry.
Prepare for Interviews: Be ready to discuss not only your technical skills but also your understanding of financial markets and instruments, as this is crucial for roles in hedge funds. Practice technical and behavioral interview questions that are commonly asked in hedge fund interviews.
Consider Boutique Firms: Besides the big names, also consider applying to smaller or boutique hedge funds. These firms might offer more hands-on roles and can be a good stepping stone in your career.
Educational Enhancement: Consider taking additional courses or certifications in financial modeling, machine learning, or other relevant fields that can enhance your candidacy.
Your proactive approach and the strategic targeting of firms that value your specific skill set in KDB should position you well in the competitive landscape of hedge fund applications.
Sources: https://www.wallstreetoasis.com/forum/investment-banking/low-gpa-but-have-experience-in-the-field-what-do-i-do?customgpt=1, Does GPA matter for Private Equity?, Did my GPA screw up my application?, Going from a non-target with low GPA to landing a hedge fund Internship, Low GPA, trying to get my foot in the door. What do I do?
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