Hedge Fund vs IB

<p>What are the pros and cons to working in each in comparison to each other?</p>

<p>lol@ your username. Anyway, they are completely different and theres like a .1% chance of getting into a hedge fund out of undergrad. Most people do banking/trading/ER then move to a hedgefund later</p>

<p>You should read the Hedge Fund section here:
[Investment</a> Banking Exit Opportunities: The Myth Of The Buyside Job | Mergers & Inquisitions](<a href=“http://www.mergersandinquisitions.com/investment-banking-exit-opportunities/]Investment”>Investment Banking Exit Opportunities: The Myth Of The Buy-Side Job)</p>

<p>And read this:
<a href=“http://www.wallstreetoasis.com/forums/the-hedge-fund-experience-good-bad-ugly[/url]”>http://www.wallstreetoasis.com/forums/the-hedge-fund-experience-good-bad-ugly&lt;/a&gt;&lt;/p&gt;

<p>typically, the very top students gun for hedge funds and PE straight out of undergrad. Only a few get them; the rest go into IB and management consulting.</p>

<p>Well I am currently a mathematics and computer science major. I am planning to get into a top 20 phd program in mathematics, so I am not planning to do anything directly from undergraduate school (will finish undergraduate before I turn 20, so getting a PhD will not take so much out of my life). I just wanted to hear the differences.</p>

<p>well you won’t be working in IB if you are planning to do a phd</p>

<p>Actually if you have top grades and a real interest in the financial markets, there are some great jobs for PhD’s. What are you planning on getting your PhD in?</p>

<p>I’m planning on becoming a hedge fund manager, movie star, math whiz and computer haxer too.</p>

<p>Hedge fund is somewhat comparable to upper-levels of ibanking in terms of compensation. But, as a quantitative PHD, you would probably enjoy a hedge fund more as they use more quantitative techniques and computer models whereas ibanking is more of sales/pitches and using excel.</p>

<p>HF = better hours, better pay (though heavily dependent on performance of the fund)</p>

<p>It’s not that hard to get into a HF out of college, it just depends on how good a fund you want to work in…</p>

<p>Personally I think banking makes more sense for a college grad because it gives you more flexible career opportunities.</p>