1/3/13How To Get A Job At A Hedge Fund - Forbes1/2www.forbes.com/sites/susanadams/2012/07/16/how-to-get-a-job-at-a-hedge-fund-2/print/
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Many hedge funds were battered by the recession, but they still hold apowerful allure. Mysterious andsecretive, they dangle thepossibility of enormous paydays anda work environment populated by intensemath geniuses who dwell in giantConnecticut mansions or Upper EastSide townhouses studded withart work s by Jeff Koons and DamienHirst. What’s the hiring picture at thesefirms? Must you be a financial genius with an IQ of 140 to even get a foot inthe door?
In Pictures: How To Get A Job At A Hedge Fund
No. But you do have to design your search strategy to fit the hyper,pressurized, risk-taking culture. Amid dampened hiring across all financialsectors, hedge funds are still taking on new employees, though hedge fundlistings on financial jobs websiteeFinancialcareers.com, have declined 21%this June from a year earlier. Nevertheless, last month the site posted a totalof 400 openings at hedge funds.The first step in considering a hedge fund job, says Constance Melrose,managing director of eFinancialcareers’ North American division, is to think long and hard about whether your personality is suited to the pressure-cookerenvironment of most funds. “The competition to keep the edge and tooutperform is very high,” she notes. Consider not only whether you truly thrive under pressure but also whether you’re good at synthesizing andevaluating a lot of data quickly.If you’re ready to make the leap, get ready to be aggressive about networking,says Roy Cohen, a career and executive coach and author of
The Wall Street Professional’s Survival Guide
. “Hedge fund types have short attention spans,and they are not very comfortable networking,” he observes. That means youhave to push hard yourself and avoid taking rejection personally.
7/16/2012 @ 12:08PM|3,900 views
How To Get A Job At A HedgeFund
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, Forbes Staff
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