Is it easier to get a job in a hedge fund or in an investment bank?

by Girl Banker®

Listen to the iTunes podcast instead.

It depends.

If you have no investment banking work experience a hedge fund probably won't even look at you. Hedge funds prefer people to get trained up by the big investment banks before they hire them; they want someone who is more ready to add value. They are generally quite small operations and don't have training resources.

If you do have some good quality work experience in investment banking, then the chances of getting hired by one or the other are 50-50.

You can always start your own hedge fund 
Have you heard of James Mai and Charlie Ledley? They started Cornwall Capital with USD110,000 whilst they were in their early 20s and made over USD100 million when the credit crunch happened because they bet against subprime securities. 

One might argue that they were lucky but this is only one of a string of astute option trades that reaped them great rewards. If you think you have a knack for the markets then making money out of trading is as easy as setting up a brokerage account and getting started!

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