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

ForeverZero
Tue, 06 Apr 2010 15:48:31 +0000

Do a Google search/read the Vault guides to find out exactly what they do. It would take way too long to write it all down in a CC post.

In terms of getting hired right out of undergrad, investment banks traditionally hire scores of undergrads as analysts, so that’s obviously the easiest/most straightforward one to join. A few hedge funds and PE firms hire directly out of undergrad as well, but they hire very few and target only a few schools (generally only HYPSM + Wharton). The majority of people who go into PE or hedge funds do so after completing a 2 year stint in banking or after an MBA.

As for salaries, PE and hedge fund salaries vary immensely by firm. The top firms can pay an order of magnitude more than investment banks, but there are many that don’t pay nearly as well. More people are driven to these fields away from banking because of lifestyle reasons than pay.