Hedge fund job

[Anonymous]

How does one get a lucrative job in the hedge fund industry? Just curious. Thanks!

[Anonymous]

If you have to ask, you aren’t getting one.

[Anonymous]

DD’s ex is about to go into the industry. He’s getting an advanced degree in CS at a prestigious program (not uni) and has interned at the investment firm for several years. He belongs to a specific business club frat (?) and has tailored his classes, contacts, resume towards working with one and only one firm. His father led a commercial real estate firm before selling. His uncle owns a commercial real estate firm in Miami. It helps to come from money and be solely focused on money to the exclusion of all else. Being smart helps as well.

[Anonymous]

go to upenn/wharton or nyu for undergrad and intern at one each summer. helps to be jewish too.

[Anonymous]

Connections. You need connections. You’re not going to get a job at a hedge fund, never mind a “lucrative” one, without connections. PP’s boyfriend is a great example - notice she said that kid’d family is in “commercial real estate” (i.e. connections). A degree in CS and a finance club are all great and can get you a job at an investment bank (which is nothing to sneeze at), but unless you are very lucky that alone won’t get you to a hedge fund.

[Anonymous]

The people I know all went to HBS or wharton.

[Anonymous]

Top credentials. Best schools, great work experience, superior intellect.

I got hired at a top hedge fund. It was always a dream of mine. I lasted 2 weeks. It was literally a sweat shop, pressure cooker- and I'm a person who thrives in stressful situations.
It would have been ok in my 20's, but not in my 40's with a young family.

[Anonymous]

Anonymous wrote:Top credentials. Best schools, great work experience, superior intellect.

I got hired at a top hedge fund. It was always a dream of mine. I lasted 2 weeks. It was literally a sweat shop, pressure cooker- and I'm a person who thrives in stressful situations.
It would have been ok in my 20's, but not in my 40's with a young family.

also, the fund I briefly worked for hired entry level analysts with no connections, but with engineering degrees and 4.0s from MIT and similar

[Anonymous]

One of my best friends works at a hedge fund.

He's from awell-connected jewish family in NYC, FWIW.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Top credentials. Best schools, great work experience, superior intellect.

I got hired at a top hedge fund. It was always a dream of mine. I lasted 2 weeks. It was literally a sweat shop, pressure cooker- and I'm a person who thrives in stressful situations.
It would have been ok in my 20's, but not in my 40's with a young family.

also, the fund I briefly worked for hired entry level analysts with no connections, but with engineering degrees and 4.0s from MIT and similar

Yeah, some of my classmates were hired--I studied statistics at MIT.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Top credentials. Best schools, great work experience, superior intellect.

I got hired at a top hedge fund. It was always a dream of mine. I lasted 2 weeks. It was literally a sweat shop, pressure cooker- and I'm a person who thrives in stressful situations.
It would have been ok in my 20's, but not in my 40's with a young family.

also, the fund I briefly worked for hired entry level analysts with no connections, but with engineering degrees and 4.0s from MIT and similar

Yeah, some of my classmates were hired--I studied statistics at MIT.

How long did they stay?

[Anonymous]

Wow. Bigotry at its finest.

[Anonymous]

OP here. Thanks for your replies! What is the male / female ratio in the industry?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Top credentials. Best schools, great work experience, superior intellect.

I got hired at a top hedge fund. It was always a dream of mine. I lasted 2 weeks. It was literally a sweat shop, pressure cooker- and I'm a person who thrives in stressful situations.
It would have been ok in my 20's, but not in my 40's with a young family.

also, the fund I briefly worked for hired entry level analysts with no connections, but with engineering degrees and 4.0s from MIT and similar

Yeah, some of my classmates were hired--I studied statistics at MIT.

How long did they stay?

A lot of them left in the first two years. I have one classmate who is still with the fund who hired him in his 20s, we are in our mid 30s now. He has carved out a very niche area for himself.

[Anonymous]

1) go to a very top school (ivy, Wellesley, Stanford etc) and do very well in your major
2) be rich and connected and go to prep school and good enough college and leverage your connections
3) go to a next to top school (NYU, uva, Michigan) and major in finance, math, cs and get excellent grades and internships.