Which hedge funds have internship programs?

By July 27, 2016Job Search

The vast majority of hedge funds don’t have structured college internship programs, but large asset management firms do. Your best bet is to either:

  • Position yourself to land an internship with a large asset manager, such as Fidelity, Wellington, Putnam, etc, for the summer of your junior year
  • Network with mid to small hedge funds and land an externship while you are in school

To land a summer internship, read up as much as your can on investing. Start a personal account, or if you don’t have the money, get a bunch of your friends to participate in a stock market competition with you. Most importantly, prepare 2 investment pitches for your interviews.

To network with hedge funds, start with your college alum directory and contact alums in the field. Ask them for career advice. Also prepare investment pitches to go into your networking calls.

Also, the most realistic way to get an externship at a hedge fund is to offer your excel skills. Hedge funds could also use more free talent to work on spreadsheets to help screen stocks and do portfolio analysis. Beef up your pivot table and VBA skills is the best way to get yourself into the door as a college student.

Author Kelvin Jiang, CFA

Kelvin Jiang has a decade of investment experience in public equities, private equity, distressed debt, and leveraged finance. His journey spans across Calamos Investments, Thornburg Investment Management, CHS Capital, and J.P. Morgan. Throughout his career, Kelvin has screened and interviewed candidates extensively for the buy side. Kelvin earned an M.B.A. from the Kellogg School of Management and graduated magna cum laude from Columbia University. He is a CFA Charterholder. In his spare time, Kelvin is an avid commentator on NBA trade rumors and Oscar-worthy performances.

More posts by Kelvin Jiang, CFA

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