You didn’t think being an MBA would be this busy. On top of it all, investment management recruiting seems like it’s just around the corner.
After a summer of congratulations, parties and goodbyes, you’ve arrived on campus ready for your next journey. You’ve heard that business school is like a 2-year vacation. But you soon find out it’s not the case at all.
In fact, it’s the complete opposite…
First, congrats! Your hard work has paid off.
Compensation is the first factor. Larger hedge funds typically have higher base comp, but hours tend to be longer too. Hours at large funds like Citadel and Point72 are comparable to banking hours.
The more significant difference is the bonus…
How many times in your life have you answered this question: “tell me about your background”? The question has remained the same throughout your career, but your answer has evolved drastically. It should now evolve for your hedge fund fit interview as well.
You have experience in crafting your story. To get to where you are today, you’ve already prepared a fine-tuned script. It details the beginning of your love affair with the business world, your plans to contribute to the world economy, and the accomplishments that set yourself apart.
But using your old script won’t cut it anymore…
Hedge fund recruiting is fundamentally different from investment banking recruiting.
In college, I’ve always had a clear roadmap for getting to the next stage of my career – whether it’s getting the grades or networking at the info sessions. But all of that changed after I hit the real world. There was no longer a college career center to go. There wasn’t a career counselor that drew me the path to a hedge fund. People figured out the way on their own.
When I first started, I thought hedge fund recruiting would be…
If you are younger, your years of experience do impact your buy side job search.
Recruiters typically put candidates into buckets based on their years of experience. The buckets are 1-2 years, 3-5 years, 5-7 years, 7-10 years, and 10 years plus. LinkedIn also uses these buckets to search people based on their experience…