<p>can you break it down for me</p>
<p>Well from what I have heard most people applying for positions at hedge funds have PhD's. It is not required that you have a PhD, but since the majority of people going in do have one, it will be much harder to extremly hard to get in without one. Plus I beleive tha majority of the people they recruit come from Ivies or other of the top 20 schools.</p>
<p>Curious where you heard you needed a PhD or that most people have PhD's</p>