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Anyone familiar with McMaster Carr?
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HF usually have many more rounds and are much more quantitative
HF no doubt - way more quant and way more rounds
Totally dependent on the HF. Most HFs are smaller offices and your skills have to align with the skills they are looking for and the office culture. Some HFs are much larger (Citadel, Schofeld) and they will have a little more ability to place you.
The other factor is strategy. For Quant funds, you need extremely high skills in math and quant work. For event driven, need strong financial skills, network, and an ability to track the news.
I work in a fund-of-funds (not at IBM) and we see everything from music royalty strategies to quant to LS and everything in-between, these funds match on skills to strategy more than blanket skills.
Shoot me a DM OP, happy to talk more about it there. As for finance, obviously it will help to know more but you can learn it relatively quickly. As a quant, you honestly probably won't do much in day-to-day, but finance will be the main point of convo with everyone you talk to at water coolers, dinners, networking etc so you'll be fine without the knowledge but will get ahead with it.
Fairly uninformed here, but what interview prep resources are there for HF? Coming from a STEM background, so limited finance exposure outside of my consulting work
This is assuming I need to prepare differently than consulting cases
OP - math, modeling and anything / everything quant. If you happen to be an expert in one specific industry, that will go a long ways too. Equities is very broad, especially in HF world. I'd advise you try to determine if they do fundamental L/S, event driven, derivative focused, high frequency trading, or really any other more specific detail on the equity trading so you can be more informed
Dumb question here - what’s HF?
Hedge fund