by Girl Banker®
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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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I created my investment banking blog in 2012 as soon as I resigned from i-banking & published my book, To Become An Investment Banker.
Initially published at girlbanker.com, all posts have now been subsumed into my personal website under katsonga.com/GirlBanker.
These blog posts make it as straight-forward for you as possible to get into a top tier investment bank.
I have 7 years of front office i-banking experience from Goldman Sachs and HSBC, in both classic IBD (corporate finance) and Derivatives (DCM / FICC).
I'm also a CFA survivor having passed all three levels on the first attempt within 18 months - the shortest time possible.