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05-28-2010, 08:35 PM
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#346 | | Senior Member
Join Date: Jun 2008
Posts: 1,328
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Villanova and Lehigh are not targets; dunno about any FO recruiting at Lehigh. IU might be a semi
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06-02-2010, 02:56 AM
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#347 | | Senior Member
Join Date: Nov 2009 Location: Dartmouth'15
Posts: 1,020
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Essentially Ivies + Stanford + MIT + Duke/Gtown/NYU? Would those schools make up about 75% of the top firms employees?
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06-02-2010, 02:47 PM
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#348 | | Senior Member
Join Date: Jun 2008
Posts: 1,328
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+ UMich Ross
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06-02-2010, 03:31 PM
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#349 | | Junior Member
Join Date: Dec 2008
Posts: 72
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What does a finance major actually do in the workplace? Are they simply an analyst for a bank or a hedge fund? When people use the term Investment Banking and Hedge Funding, I am not really sure what they are talking about. Is it creating mathematical models? Or simply trading? I don't see a undergraduate actually working in the derivatives market based on the lack of knowledge of mathematical finance.
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06-02-2010, 05:20 PM
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#350 | | Member
Join Date: Feb 2010
Posts: 501
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06-02-2010, 05:25 PM
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#351 | | Junior Member
Join Date: Dec 2008
Posts: 72
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Thank you. So basically based on the information on that website, you really dont get into IB or hedging with an undergraduate degree
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06-02-2010, 06:08 PM
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#352 | | Senior Member
Join Date: Aug 2004
Posts: 8,903
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That is not correct. An IB job post undergrad is the most important thing you can do, it is the path into Private Equity, Hedge Funds, Venture Capital, or high level Investment Banking.
I cannot emphasize this enough. Going into IB after college is the MOST IMPORTANT thing you can do. Most PE firms and hedge funds will never hire you unless you have that two-year post undergrad banking experience.
IF you miss this door usually the only other way into elite finance is to get an MBA at a top program, and usually its to go into investment banking as an associate. Most often MBA associate hires are not hired by hedge funds or PE.
So the way in is basically TOP Feeder undergrad -> 2 years IB or trading -> hedge fund/PE
Top Feeder undergrad =
Harvard, Princeton, Wharton
Dartmouth, Yale, Stanford, MIT
Columbia, Duke
Northwestern, Brown, Cornell, Ross (Michigan), NYU Stern
*Side note: one other way to get into hedge funds without the two years of banking is a financial engineering degree/or highly specialized finance/math graduate degree but this is rare.
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06-02-2010, 07:28 PM
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#353 | | Member
Join Date: Oct 2004 Location: CA
Posts: 781
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Citadel, DE Shaw, AQR, Clarium, Bridgewater, and Highbridge all recruit heavily at the undergrad level, and not just for quants, but for trading, software, ops, even generalists.
It is very much possible to get into a top hedge fund directly out of school, particularly if you go to a target school. Banking is by no means required. And also, there is a huge difference between IBD and S&T, the LATTER of which is a good feeder into hedge funds. If you want to break into a hedge fund, and aren't at a top target, go into S&T. You'll have a much better lifestyle and still be in a better position to be recruited after your analyst stint.
PE is a bit more selective - you pretty much have to either go to Harvard or Wharton to have a shot at the big firms like Blackstone and Silver Lake directly out of school.
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06-02-2010, 08:06 PM
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#355 | | Senior Member
Join Date: Jun 2008
Posts: 1,328
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Originally Posted by ForeverZero If you want to break into a hedge fund, and aren't at a top target, go into S&T. | It's still tough to get into S&T at a big bank if you aren't at a target school.
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06-02-2010, 08:35 PM
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#356 | | Junior Member
Join Date: Dec 2008
Posts: 72
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Is it still possible for non-finance major, for example an engineering major or math major to complete successfully for hedge fund jobs or investment banking job? Or would this path only be available to the those who get a graduate degree in mathematical finance or financial engineering?
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06-02-2010, 08:40 PM
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#357 | | Senior Member
Join Date: Jun 2008
Posts: 1,328
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^The math involved in investment banking rarely is more rigorous than arithmetic. Most target schools don't even have undergraduate business programs (Ivies - Wharton + Duke + Stanford + NU).
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06-02-2010, 09:11 PM
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#358 | | Senior Member
Join Date: Feb 2010
Posts: 2,526
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tranferstudent, regarding alumni network in finance/investment banking for Lehigh alumni, google a guy named Joseph Perella, who is actively involved with Lehigh's business school. Quote: |
I know it's not a target or even a semi-target, but does anyone know if there's any front-office recruiting at Lehigh? Or how strong the alumni network is?
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06-02-2010, 09:21 PM
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#359 | | Senior Member
Join Date: Jun 2008
Posts: 1,328
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Huh! Learn something new every day. There are definitely a bunch of top finance guys who didn't go to elite schools. It's unfortunately much harder to break in these days.
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06-02-2010, 09:44 PM
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#360 | | Senior Member
Join Date: Jun 2008 Location: UNC '14
Posts: 1,468
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Everytime I see a list of colleges on this thread, and UNC isn't there, I die inside. Transferring is going to be such a pain.
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