Investment Banking programs arguably provide the best financial training when one starts their career. However, if the goal is to be managing money one day, is it better to seek a career directly in the investment business (e.g. Fidelity Research, Capital Group, etc) and then hope to raise money later in your career to manage a hedge fund?? I’m in mid-career, finishing CFA (no aspirations for an MBA) with the goal of one day working at a hedge fund. At this point, I’m thinking it would be better to work at an investment firm and go from there versus joining an I-Bank and work as an Associate for 2 years and then trying to manage money. Any thoughts?
Why don’t you just go work at a hedge fund?