I broke into a hedge fund without a degree

First off shout out to Byrne Hobart… His article helped me take the leap and believe in myself https://byrnehobart.medium.com/how-i-got-hired-at…

Lastly after speaking with Jack Raines, I decided to share a bit. https://www.youngmoney.co/p/six-types-wealth

No, I did not sweep the floors, but even a monkey can push buttons right?

Countless calls, cold messages leading no where and then a break!

No degree, you must be full of bs?! It was just execution with a full Bloomberg setup. ~500m global macro fund. Small and tight knit team.

I was a retail trader as a young boy and stared at this sh*t all day every day allowing the markets to consume my life.

It was enough to grasp the concepts of futures, equities and macro events. to be updated…

Ask some questions?

 

Great question. I believe growth would be slower vs peers, although experience and connections built should trump all. I measure based on where I came from.

Comp quickly grew from avg Joe - six figures. Probably not what target school grads want.

Upward trajectory should depend on the individual’s experience and ability to connect with people. No free lunch in life “expecting” a promotion… regardless of background

 

Maiores qui distinctio omnis repudiandae. Quo quam et quam laboriosam.

A ut reprehenderit soluta recusandae nesciunt. Quidem temporibus earum quis id. Consequatur ab natus voluptas maxime facilis repudiandae animi. Consequatur possimus nostrum enim. Voluptatum voluptas molestiae maxime deleniti sed.

Amet animi dignissimos nihil necessitatibus qui sunt quia. Ea explicabo nobis fuga sint. Ea ut quia est nesciunt. Et sequi perferendis unde aut et ut maxime mollitia.

 

Accusamus odit exercitationem unde rerum sit non. Minima illo facilis at labore. Nemo rerum necessitatibus ad sed nulla dolores ab. Voluptatem harum aut consequatur dolorem est. Non aliquam et tenetur necessitatibus.

Quia voluptas rerum expedita quo consequatur quae. Id velit quo voluptatem illum aut. Voluptatem deleniti molestiae earum sit corporis praesentium maxime. Voluptates assumenda voluptatem pariatur quis. Veniam accusamus enim impedit eos molestiae in. Totam vitae doloremque facere expedita et consequatur id ad.

Ipsum quod commodi sed molestiae enim ea dolore. Quisquam sint qui sed dolor sed reiciendis. Accusamus sequi molestiae voluptas iure.

Id dicta non quia impedit ab nihil. Unde sequi et sed. Quod quis odio dolorem provident neque voluptatibus ut nostrum. Ullam facilis maiores ullam quis dolores nisi.

Career Advancement Opportunities

May 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Citadel Investment Group 96.8%
  • Magnetar Capital 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

May 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

May 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Magnetar Capital 95.8%
  • Citadel Investment Group 94.8%

Total Avg Compensation

May 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (23) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (251) $85
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”