Table of Contents
Is it better to work for a bank or hedge fund?
Investment banking is like saving money in the bank and earning simple interest; whereas hedge fund is saving the same money and earning compound interest. Hedge fund managers don’t get a lot of money just after joining. They get less in the beginning, much less than investment bankers in the beginning.
What degree do most hedge fund managers have?
Hedge fund managers typically have a minimum of a bachelor’s degree, although many companies prefer a master’s degree. Hedge fund managers may have a degree in accounting, finance, economics or business administration.
Does CFA help hedge fund?
CFA. CFA is not an absolute requirement, but it certainly helps. A common career track is analyst, portfolio manager (long only), hedge fund manager. At each step along the way, the CFA charter is a competitive advantage.
What is the best investment banking major to get into?
Here’s my recommendation for the Best Investment Banking Major” (or “Study Plan”): Major: Accounting/finance (or, if your university doesn’t have these specific majors, something that has coursework in these areas). Minor: Computer science, math, or statistics.
What is the difference between a hedge fund and investment banking?
Investment banking is like saving money in the bank and earning simple interest; whereas hedge fund is saving the same money and earning compound interest in the long run. If big money is your motto, you should have a close look at this. When an investment banking associate starts out he earns big bucks, because his job is to raise capital!
Do investment bankers make good hedge fund managers?
This is not to say that investment bankers generally make good hedge fund managers or that investment banking is a requirement to get into a hedge fund. Neither are necessarily true. Hedge funds seek fresh graduates from the banking programs for several reasons:
What skills do you need to become an investment banker?
Significant Accounting Coursework: Accounting is, by far, the most important “technical skill” for investment banking, private equity, and many hedge funds. And a lot of mid-level and senior bankers don’t understand it that well!