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Dear Fishes, I am switching for the ist time in my life in 8 years.Need guidance on which will be better in terms of wlb,job security and learning wise.offered compensation is nearly same in all 1.Harman(product) 2.Hitachi Vantara 3.Banking captives:-Deutsche,UBS, HSBC Yoe:8 Techstack: java,Microservices,Devops,AWS,Azure Harman Harman Connected Services Hitachi Vantara Deutsche Bank UBS EY Deloitte PwC Tata Consultancy Wipro Capgemini Cognizant HSBC HSBC India
Does UBS pay relocation bonus?
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I am incapable of doing hard work 🥴
Who wants to get paid and refer me to Deloitte?
Bain & Company Can someone recommend a good starting point on how to go around solving case interviews? What frameworks should I follow? I am kinda new to case interview and want to develop skills to solve them. Any books, online sources would be really appreciable. Deloitte EY-Parthenon Strategy& McKinsey & Company Boston Consulting Group Bain & Company
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Yes, I’m leaving to a long/short equity hedge fund in Summer 2019. Recruiting process is definitely much tougher than PE but if you have some finance experience prior to consulting it’s definitely possible
A lot of the PE shops I found touted “operational improvements” left and right but most target companies have been through so many PE cycles that a lot of PE work just boils down to financial engineering and cost cutting. Hedge fund work requires a much more thoughtful approach to investing, taking into account market dynamics, investor psychology, and countless forces that make it more possible to find a defensible variant view than in PE
Most useful prep for me was having 3-5 fully fleshed out stock pitches in my back pocket; maybe 3 long/2 short, have a fully built 3 statement model for at least 1-2 of them. Be prepared to talk through your thought process for idea generation, how you go about ground-level research, and be prepared to argue intelligently about your ideas. Much less structured and predictable than IB or PE prep and really requires you to be able to think on your feet
Also going through this process as well, based on the information I’ve been receiving is there is a lot more selection bias to bankers, but certain funds are open to consultants (as BCG1 said, previous finance experience is a plus).
Some funds recruit in the same timeframe as PE funds (16-18 months before start date), but the majority reach out on an ad hoc basis 3-5 months before the proposed start.
Most of the major funds kicked off their summer 2019 processes a month ago; recruiting is so competitive for them that it steadily gets earlier and earlier every year. Unfortunate for candidates since we really have no time to prep, but it is what it is
Amity, CPI, DSP, Oxbridge, HSP, Ratio, maybe 1-2 others I’m forgetting but those were the heaviest hitters. CPI has a very solid client list. If time is limited, they’re probably the best bet
Thx bcg1, all incredibly helpful! And now my weekends are consumed with hitting some books 😔
Possible pre MBA
BCG1: that’s a very elongated timeline. Any reason why?
BCG1: Which headhunters did you use?
Curious: Anyone hear anything about crypto-focused hedge funds?
Thanks everyone! BCG1 how did you prep for hedge fund interviews? Currently prepping IB technicals but would be interested if you used other resources
Also @BCG1 why hedge fund vs PE? PE doesn’t appeal to me as much as my perspective of public equities is they allow more macro view, less deal focus. What was your perspective?