Re: working as a trader at a hedge fund

Discussion in 'Professional Trading' started by Kramer_Hedge_LA, May 22, 2007.

  1. What is the best way to start work at a hedge fund w/o an MBA? Definitely will get one in the future, but want to work before getting it, preferably in a hedge fund. I have my B.A., but no financial work experience.
  2. I highly doubt a MBA will help you at all if you want to work as a trader in a hedge fund. Your best bet is to learn trading your self first, and at least get fluent with the market before you try to get in that industry.
  3. basis


    Get a job on a bank trading desk. You'll either figure it out from there, or you weren't going to anyway.
  4. I understand that quantitative trading based hedge funds are very math/computer programming_orientated. But what about hedge funds that take a more subjective approach to trading such as doing fundamental and technical analysis then making subjective trading decisions based on the the way the hedge fund managers interpret the data versus the computers or PHD math whizzes doing all the work.

    I would imagine that hedge funds based on a more qualitative approach to analyzing quantitative data are still in existence or am I wrong?
  5. AC3


    This is just my 2 cents but here goes and this is from experience....I have an MBA but I agree with the other posters in that it isnt a requirement for the position.... short of having the pedigree, the best route is to be on the other side of the phone from a hedge fund at a sell side firm handling the order execution in whatever are your best at (Bonds stocks whatever)...then after you spend the next year or two on the phone with these guys you and they will find that you either get on well with them or theres no chemistry (I know it sounds a bit gay but there it is). When you are handling their business and you can do it under pressure without drama or F'ups they will realize that when theres a vacancy at their firm they know the one guy who knows there business and knows how to handle it and thats when opportunity knocks .... again only my advice in short .... take it or leave it
  6. I live in the Bronx and never went to college. How do I get a job as a trader at a hedge fund? I have no interest in going to college, since I don't want to waste the time or money. Even if I do go to college, there is no guarantee I would get a job afterward, especially at a hedge fund, so why take the risk. I rather be out clubbing and bar hopping around Manhattan and chasing women then studying every night for 4 years. It's pretty tough to get a job at a hedge fund without an Ivy league background and/or family connections and I have neither nor will I ever. If I can't raise enough money myself to start my own hedge fund, I'll just forget about it and find some other business to start. I would rather be the boss and have my freedom to come and go as I please, then spend 4 years in college only to come out and be a corporate slave.
  7. Vinny, if you can spend time to chase women and clubbing in the city and still make bank and have a hedge fund hire you as a trader. Please let me know how to do it. Cuz' I would love to hear it.
  8. Exactly! Why else would anyone want to work for a hedge fund if it ain't for the sole expectation of being able to spend whatever free time one has left over wasting the proceeds in going clubbing in the city and chasing birds :D :D :D

    So, if you can already do that .... why bother :confused:
  9. Bingo. Pedigrees aside. Relationships still and always will rule "the street"...
  10. The women would be chasing after you if can become a "decent" hedge fund trader. Think about being in your 50s and dating / marrying a model in her early 20s.
    #10     May 24, 2007