I’m looking to get into the investment industry (ideally a HF) in a year or so, and am seeking help/guidance.
Where and when do I start the job hunt?

My background: went to public university, 3.5 YOE (mix of private industry and public accounting), CPA, and just passed the CFA L1 looking to take the L2 next year.

like
Posting as :
works at
You are currently posting as works at

Jumping from accounting/CPA to a front office Hedge Fund role (I’m assuming you’re trying for FO/investment roles vs just an investment firm) would be really difficult. The ideal background is probably IB or even sell side research. Would highly recommend trying Training the Street etc to buff up your modeling skills

likehelpful

I’m not sure if you can get straight to a HF, but I’d start with putting together at least 1-2 research ideas/investment theses. Full financial models with your own analysis.

likehelpful

What experience would you recommend as a stepping stone towards a HF role?
IB, valuation work at an accounting firm…?

Most people do IB or sellside research for a couple of years minimum before jumping

likehelpful

Related Posts

Women: what is your skincare routine? Do you do the same thing Day and night?

like

Anyone know where EY’s FAAS will fall as a result of the EY split? Will it stick with EY or go with the consulting arm spinoff?

like

All right fam, Ferragamo gancini belt, yes or too douche? Also need some advice whether they age well - my Versace belt is falling apart in about 2 mo.

Do you wear suspenders? You're probably a dickhead.

like

Hi fishes, I have an upcoming interview for
mulesoft technical architect in
Salesforce.
Can anyone help with the interview
format or types of questions asked. This
is going to be the first round. Salesforce MuleSoft

like

Would anyone be interested in participating in a research study? The only requirements are to be a school district employee and have a child in the district with special needs. Please help!!!

like

Bowing out of the McK process after the first case. At least I made it that far—and I really do appreciate the feedback that came with the rejection! Things to work on, let’s see where we go from here…

like

Has anyone here ever worked at CareerStaff Unlimited? What was your experience like? I interview with them on Monday. Thank you!

like

I’m thinking about implementing math workshop next year. Do you have any suggestions on where to start or how to set it up?

like

Anyone from EY Singapore?

Who here doesn’t work on the weekends but feels guilty and constantly thinks about work that they could be doing?

I should be in a better mental mindset at this point (almost 45). No interest in becoming a partner or CEO. TC is over $250k…

like

Do you ever wonder why you work so hard and what the point of it all is?

like

Hi, how does a h1b transfer work? my current visa expires in 2024,but I’m on my first 3 years. If I do a transfer now, will the expiry date be the same? Or will it be 3 years out from the approval date of the new transferred h1b visa?

like

Hey guys, any idea on where to go for audio system diagnosis for Audi in NJ/NY area?

At what point do you elevate your peer’s mistakes to managers? It feels like my teammates elevate each other frequently but I don’t like to get involved because it seems like tattling. Do managers value knowing who on their team is messing up in small ways?

like
like

Is it normal for PR agencies to have a high turnover rate? For reference, I work at a boutique agency with 9 people but half the people who were there when I started in January of this year are gone.

like

Additional Posts in Private Equity and the Buy Side

How’s the private equity scene in LA?

like

Guy claims to run his own PE shop at 27 yrs old. No IB/consulting experience, extremely unknown undergrad, no website, but guy brags about his shop constantly. Skeptical at best lol.

Any way possible that he is legit?

like

Gonna admit upfront I suck at networking, could use some pointers. Chatted with my buddy’s dad who is a senior MD for IB at a bank which has a PE arm. He suggested I send him my CV since we talked about what the pe group does and it seemed interesting to me.

like

How to compare competing offers assuming all else equal? Proven platform/known commodity vs. more “entrepreneurial” opportunity. When is the right time to take that career risk? Pre-VP or post? Both would involve moving and I want to make the right long term decision for my family.

like

Comp and raise sanity check: $10bn fund in NE (not nyc) 4 YOE including 1 in PE. Currently 120k + 100% bonus. First of all is this low, and second what’s a reasonable raise to ask for in year 2 associate?

like

How does an interest bearing equity instrument affect the equity value? For example, If the coupon on the equity instrument is say 16% and the Equity IRR of the project funded with this equity is 15% and I were to discount the FCFE at 12%, should this give me a negative value?

like

When determining the pre-money value of a company (for series B), should the forecasted financial statements include the potential achieved with the capital that will be invested?

like

Mgmt Consulting vs. PE (in terms of general WLB, culture across the industries)

like

when is on cycle 2023

like

Got an offer to work at a boutique PE fund as an intern for the next few months. The role is however unpaid and the fund is new.

For some background, I’m going to be starting at a T-2 firm doing CDD for PE funds in January. Wondering if getting this kind of experience looks good when I apply to analyst roles 1-2 years out? Don’t want to work without getting paid unless the experience is valuable. Would love any perspective on this.

like

Which is a better firm to join as an associate, Warburg Pincus or Advent?

like

Can someone help me understand the pros and cons of MBB vs PE Ops (at A MF, think BS, KKR etc)? I'm looking into in terms of WLB, culture, personal growth, hierarchical-ness, comp, calibre (and attitude) of colleagues, respect (vs deals colleagues) etc.

like

Anyone familiar with the PE team at Oaktree? Or the their LA office in general. Culture ? Performance? Can’t seem to find much info on them on here. Know they have a intern program. Any insight would be helpful!

like

Currently an associate at a UMM. Is it possible to switch to IR later down the line if I wanted to? And after what time frame is optimal (i.e 2 year associate stint or is later fine as well)?

like

Thoughts on Platinum Equity vs Parthenon Capital for a PE ops role? Work Culture, Comp, WLB.

like

Bio: middle-back office experience, consulting paired with industry experience totaling +8yrs + MBA. Currently in big4 consulting/transformation role as an M3.

What is the base/TC comp band for a Sr Associate I should shoot for, NJ area?

Target firm: Credit, 25B AUM, less than 1k employees, flat Org.

like

I’m currently in MBB pre mba (but exp hire) and the end goal is MF PE deal team. Which path is most feasible/realistic and also fastest for me?
Path 1: MBB to LMM deal/pe ops to MBA to MF PE deal
Path 2: MBB to MBA to MF PE deal
Path 3: MBB to LMM deal/pe ops to MF PE del

like

Plz recommend good CFA level 3 prep course?

like

Are PE firms licking their chops looking at Twitter?

like

Honest thoughts on best qualifications to go after to break into PE from consulting - should I go after ACA/CFA/CAIA? I feel I’ve only got the patience to do one of these 😂

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal