difference between prilvate equity, hedge fund, and bulge bracket?

ibmx92
Tue, 06 Apr 2010 08:22:04 +0000

okay so i just learned about the investment industry a couple of months ago and i am trying to figure out if i want to enter it. although i am still confused on some things.
What is the difference between a private equity firm, a hedge fund, and a bulge bracket firm?

if you could just lay it out like this:

private equity firms do this…

hedge funds do this…

and bulge brackets do this…

also could you tell me the difficulty of getting hired by these firms right out of undergrad? and starting salaries/difficulty of advancing through the firm to partner/president/VP

Thank you i really appreciate it:)