MBA&gt;global macro fund?

Authored by: Certified Asset Management Professional - TraderCertified Asset Management Pro

Brady4MVP

12y

Shorttheworld, AQR is a quant fund. They do hire MBA's but only for product management roles. For trading and research, they target undergrads and Phd's.

Authored by: Certified Hedge Fund Professional - 3rd+ Year AnalystCertified Hedge Fund Pro

undecided_wso

12y

for quant funds, what is the difference between joining as an undergrad and as a PhD?

LTV

12y

undecided_wso:
for quant funds, what is the difference between joining as an undergrad and as a PhD?

At the fund i work at - Undergrads join as analysts; phds join as associates. The work itself isn't too different - both start off doing more programming, making enhancements to the models. The analysts hired usually have significant research experience, and so can handle math and data reasonably well. That said, an associate might get more meaningful responsibility earlier.

Authored by: Certified Hedge Fund Professional - 3rd+ Year AssociateCertified Hedge Fund Pro

undecided_wso

12y

thanks. so the undergrads tend to stay in the firm and move up, instead of having to get a PhD for promotion?

LTV:
undecided_wso:
for quant funds, what is the difference between joining as an undergrad and as a PhD?

At the fund i work at - Undergrads join as analysts; phds join as associates. The work itself isn't too different - both start off doing more programming, making enhancements to the models. The analysts hired usually have significant research experience, and so can handle math and data reasonably well. That said, an associate might get more meaningful responsibility earlier.

Activist Investor Fedex

LTV

12y

Best Response

undecided_wso:
thanks. so the undergrads tend to stay in the firm and move up, instead of having to get a PhD for promotion?
LTV:
undecided_wso:
for quant funds, what is the difference between joining as an undergrad and as a PhD?

At the fund i work at - Undergrads join as analysts; phds join as associates. The work itself isn't too different - both start off doing more programming, making enhancements to the models. The analysts hired usually have significant research experience, and so can handle math and data reasonably well. That said, an associate might get more meaningful responsibility earlier.

Yes. Unlike PE, where people are sometimes expected to get an MBA, there's no expectation to get a PhD. It's partly because there is an established IBD->pre-MBA PE->MBA->PE pipeline, while at HFs it's all about what value you can add. If you're good enough, you can stay.

Authored by: Certified Hedge Fund Professional - 3rd+ Year AssociateCertified Hedge Fund Pro

nyhedgefunder

12y

I have heard of couple of MBAs interning at Soros - but I don't think they got full-time offers. I also heard that Ramius takes MBA interns, but what strategy you would be assigned to depends on their needs. Here are some other Global Macro shops that you might want to check out: http://www.hedgetracker.com/directory/Global-Macro

Authored by: Certified Hedge Fund Professional - Vice PresidentCertified Hedge Fund Pro

nyhedgefunder

12y

I probably spoke to soon, just came across this article about layoffs at Soros:(
http://www.reuters.com/article/2011/12/16/us-hedgefunds-soros-idUSTRE7B…

Authored by: Certified Hedge Fund Professional - Vice PresidentCertified Hedge Fund Pro

Brady4MVP

12y

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