<p>I've been considering this job for a while, but recently I just thought about meeting someone(i.e. getting/having a girlfriend/wife) and I was wondering if I would really have any time for her. I know I-Banking takes up many hours so any replies would be greatly appreciated.</p>
<p>bottom line is that you really won't have time for her. people with careers in ibanking and consulting are said to have the highest divorce rates.</p>
<p>hotelschoolplz, you can try ibanking for 3 years and then quit to work for hedge fund/private equity firms, where you work more efficiently (less ***** work).............and you'll have time with her.</p>
<p>What exactly are hedge funds and what does someone who works with them do? I've done some research into them but I still don't really understand them. Also, are there like hedge fund companies like there are for I-Banking(GS, UBS, Lazard)?</p>
<p>Hedge Funds: Basically, you give them a ton of money. They take that money and invest (let's say) in the stock market. If they are successful, a percentage of their profits from the stock market can then be "returned" to you (well, not exactly, but you get the idea). Hedge funds are essentially a more extreme version of mutual funds.</p>
<p>Due to how they work, Hedge funds require people who are very good at analytical skills, much more than at Ibanks.</p>
<p>I'm planning on 2-3 years of ibanking, an MBA, then 3-4 more years of ibanking, and then becoming a venture capitalist.</p>
<p>Does anyone know how many hours an analyst at a hedge fund might work???</p>
<p>Don't you have to use your own funds to invest if you are a venture capitalist?</p>
<p>RedSox> The hedge fund industry is not a generalized field. For example, while the lifestyle of a banking analyst is pretty much the same through all the various banks, its different for hedge funds.</p>
<p>First of all, many of these funds are small. It doesn't take too many people to run a few hundred million-billion dollars. Secondly, there is a wide spectrum of funds. In many places there really isn't an analyst position. HFs are not huge corporations. People finish all that needs to be done and then can check out whenever they wish. Many of the people there may be very driven which may lead to long days for a period of time to finish a project but thats because they want to do it themselves. If you have an interest you will like doing it as the work isn't very monotonous.</p>
<p>Grandpabuzz> VCs are akin to hedge funds. They raise money from outside investors, and many of the partners invest money themselves, and then over a period of time deploy this capital to starting stage businesses to generate a return.</p>
<p>you wont have time to invest in anyone except your work. they own you for 2 years. im a summer analyst at a bulge bracket ibd. great facetime with CEO's and CFO's of fortune 500s and larger even as a summer, no facetime with family, friends, and gf/bf. it is too hard to budget love into a 120 hour work week as an analyst, when those hours do cool down during certain times, you would just wanna sleep.</p>
<p>Naw, you can find some girl at Columbia Med School, they're probably workaholics too, I'm sure a relationship could be worked out.</p>
<p>Anyway, no one says you have to do banking forever, you reap a lot of benefits by just doing a 2 year stint -- allowing you to move into a different field. You could easily go that route.</p>
<p>Hedge funds are run by the elite of elites in investment banking. Remember, on average, a wall street investor looses more money than he/she earns.</p>
<p>LMAO dcfca, that made my day. You should just do I-Banking for two years and get a better job with the amazing exit oppurtunities.</p>
<p>ok guys i have a serious question
i realize that as a future UCSD graduate my chances of breaking into investment banking are not very high....as they mainly recruit from ivy leagues and stuff</p>
<p>but still, my question was that right now i am thinking of majoring in econmics, but i am thinking, if i do a joint major in Economics-mathematics...will that improve my chances of getting into a IB firm? b/c they look for people with strong analytical skills and stuff...and a econ-math major is considered pretty tough....so what do u guys think?</p>
<p>the bad part is though, my gpa will ofcourse suffer somewhat, b/c of the high level math courses i will take</p>
<p>so do u guys this it's WORTH IT to double major in math also along with economics, and study much harder....like will this joint major help me?</p>
<p>or will that not make much of a difference when trying to break into IB?</p>
<p>i think the ucsd website says something like this joint major is gud for those planning to go to grad school...</p>
<p>but i am more interested in going into the job market after my undergrad degree</p>
<p>Get into UCSD and then find out if any alumni have gotten careers in banking, then just find out what they did.</p>