does anyone on this board work for top notch hedge funds like SAC , Citadel or TPG-Axon ?? or gotten an interview with them ? What is the best way to apply for positions there ? Do these firms rely on recruiters or hire through references ?? Any insight would be helpful. Thanks.
You don’t really “apply” to those types of funds. The only real way to make it into a mega fund is 1) Be a top trader at a bulge bracket ibank 2) Top Top MBA with previous ibanking or HF experience 3) Some type of mathematical/finance quant PhD from MIT/Stanford/etc… I seriously doubt anyone on AF works for the aforementioned HFs. If the fund wants you they’ll come find you.
uuhhh… citadel is like a revolving door
I have seen a couple of ER associates transition into SAC . TPG and Citadel (most of their tech analysts are former SS analysts ). So , they must be hiring from SS. The question is , is it through an inside reference or is there a more formal process. bromion ?
I work for one of those funds… You would be surprised by the diversity of backgrounds from which people come. I would say it completely depends which desk you intend to work for.
kohsamed, Do you mind sharing what you are profile and background is. how does someone from SS ER transition into one of these companies ?
What do you actually want to do at a HF?
What do you actually want to do at a HF?
Presumably, he wants to do equity research.
dream on res420, Steve Cohen only recruits money-grubbing yids.
Equity research. i am currently on the sell side.
I had an interview once with a rather prominent distressed debt HF. They destroyed me and maybe it was for a position which was already given. But under the assumption that interview = a shot at working there, then I did get a shot. I am just an average Joe when it comes to finance background, and I had found the add on a known job board (the kind of stuff which you’d think has 0% chance of landing an interview). So I called up the PM, had a chat, made a couple of jokes, sent my CV and got called for an interview 2 days after.
Chuckrox8 Wrote: ------------------------------------------------------- > You don’t really “apply” to those types of funds. > The only real way to make it into a mega fund is > 1) Be a top trader at a bulge bracket ibank 2) Top > Top MBA with previous ibanking or HF experience 3) > Some type of mathematical/finance quant PhD from > MIT/Stanford/etc… > > I seriously doubt anyone on AF works for the > aforementioned HFs. If the fund wants you they’ll > come find you. Some of them do campus interviews and I’ve definitely seen postings for firms like DE Shaw and Renaissance, but like you said, I think they are looking for candidates from MBA/MFE.
Their recruitment is just like any other firm… they use recruiters, do campus recruiting, list jobs on their websites, and sometimes use referrals from their employees. Why would they do any of this differently?
ohai Wrote: ------------------------------------------------------- > Their recruitment is just like any other firm… > they use recruiters, do campus recruiting, list > jobs on their websites, and sometimes use > referrals from their employees. Why would they do > any of this differently? Yes, exactly. HF are usually overweight experienced hires but that the only thing unique. Regarding the original post…unfortunately i know nothing about ER at my fund or others. I would guess that if you are already a sell side analyst, your best bet would be to put out consistent, concise research to some HF guys and try to make a name for yourself. I’m not even sure that there is much fundamental ER in any HF tbh
Why wouldn’t there be fundamental ER at HF’s. How else would they invest ? When the HFs call SS for models and initiation reports, I would assume that they put in a considerable amount of time researching companies before they invest their money.
I know few people, and they really had very diverse backgrounds A low grader, who became entrepreneur (exited with millions), joined Wharton then GS Principal Strategies. A Grade whore, joined McKinsey, then Harvard then Blackstone. An average guy who joined computer science PhD at NYU after few years of working in a boring job as software engineer, but left CS PhD after 1 year and joined Finance PhD and got in DE Shaw, but left after few years, currently a MBA faculty at Ivy. One guy left Oracle after few months after graduation to join a research project in Economics at one of top B Schools here, then did MS Econ from LSE, joined BCG, became partner just before 30. Left it and currently a PhD student at Harvard, though he had offer from Blackstone! Only thing common in them is brand name, I’ve really never seen anyone without Brand name on education section in CV. I support traders at one of BB, and it amazes me when I see their background. One of them has MS in Oriental Studies from Oxford and he’s is exotics trader and he manages Monte Carlo trades books in FX… seriously!
How does someone with MS in Oriental Studies even get a break when everyone on this forum keeps blabbering about going to the right school and the right degree. Surely, if that guy had posted here asking for advice on how to get into trading, 90% of the responses would say , go get an MBA or joing Harvard etc.
Isn’t “Oriental” non-PC?
In the US, this would be called “East Asian Studies”. Maybe UK people still say “Oriental” since “Asian” to them means Indian people.