Over the past decade hedge funds have become a major growth area, with many graduates seeking to work in this sector. This is a good sector to consider as an alternative to investment banking.
Unsurprisingly in a growth area, however, hedge fund opportunities are highly competitive and there are very few opportunities for new graduates. Hedge fund employees have normally worked in investment for some time before entering the industry, and research and networking are vital to finding a route in.
When applying for roles you will need to think in terms of what you're able to offer that particular hedge fund's decision-making process. Do you have industry expertise, a network of contacts, capital structure experience, modelling skills or strategic analysis skills? With such competition for opportunities, you need to be able to offer something remarkable.
Strong analytical and interpersonal skills are just the start. To find your way through the hedge fund recruitment process, you need to apply yourself to research. Discipline and focus are essential - networking and avid reading of the business pages are also critical.
Graduate training schemes and internships
Very few exist, and are extremely competitive to get into. A few that might be of interest include:
- Citadel Group
A leader in the world’s major markets. From innovative asset management strategies to market–making in options and equities, Citadel effectively deploys capital to convert opportunity into results.
- The Blackstone Group
A premier global investment and advisory firm.
Get experience
Completing an internship can be very useful in gaining the experience relevant to working in a hedge fund. However, due to the scarcity of them and the high competition you will need to consider other ways to gain relevant experience. Getting involved in a related society, completing work experience and volunteering can all give you the skills necessary to start a career in this competitive market.
Useful links
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