Thank you for watching, please don't forget to SUBSCRIBE for more videos. I am making all sorts on career progression and if you enjoyed this I am sure you will like the videos to come! Thank you for all your support! Also, feel free to share with your friends :)
What's the main difference between working in hedge funds and at an investment bank? Are there any books you'd recommend me to know more about hedge funds?
Firstly, Max - love your authenticity and kindness! Secondly, could you tell what books, podcasts, and other materials you read? Lastly, you really motivated me and I hope one day I will thank you for this in-person🙏
Hi Azamat, thank you for your support! I enjoyed the following, for books: The Intelligent Investor, Liar's Poker, Value Investing, Barbarian at the Gates, How to win Friends and Influence People...many others ahaha. Podcasts I enjoyed the "Masters of Business" hosted by Bloomberg. I also just looked for as many interviews as I could, such as by Ray Dalio etc.
Hi, thank you so much, appreciate the support. Depends on what level in your career you are but anything finance related is great so the IMC, CAIA or CFA are really good qualifications, any online course you can do on economics, accounting and finance will certainly help you out too. I would also make sure you try and join an investment or finance society at uni or highschool. I have a video coming out later today which talks about networking which may be useful too!
hi, great video. I'm 14 and am trading stocks and am interested in hedge funds and finance. How would you get in touch with hedge funds for internships at 16?
Hi Alex, great to hear you are interested in this! It is pretty hard to get internships at 16, instead I would be looking for work experience or shadowing. The difference is you don't really have a task to do for the firm, instead you are just following someone around for a week, or maybe you have some small tasks. This is good because you can see if you really like the career, and you can get a glimpse of what is going on. I would have a couple of these on my CV if I could, and then look to get some internships as you become more experienced etc.
Hey Max, Thanks for sharing; great content! I noticed you mentioned there are some books you read that's useful for the interview, do you mind sharing it?
Hi Christy, thank you for watching, I am glad you thought it was useful! I would read the following books: The Intelligent Investor, Barbarian at the Gates and The Alternative Answer. I haven't read "The Little book of Alternative Investments", but I have heard it is really good.
Hi Max, I honestly love the content and you're such a role model for me. I'n currently in my second year of A-levels and taking Maths, Chemistry, and History. (My GCSE grades were pretty average with As and Bs). Im really hoping however to get a job with a private equity group or better yet at a hedge fund like yourself which would be the ultimate goal. However, given the chance I would really like to skip the IB stage after uni before i head to exit opportunities and then into a hedge fund job - like yourself at 20 i hope i can get to the position you are. I'm thinking of taking Economics with Economic History at LSE and this summer will be taking part in summer weeks and small internships. However I still have until Jan 15th to change my course and uni if you have any ideas. Generally from my position what is the ideal plan. (sorry for the long winded back story and vague question but i want to get the most advice xD)
Hi, thank you very much for your kind words, definitely trying to help as many people as I can. I appreciate you taking the time to write a well thought out question. There is no 100% set answer, however, doing Economics at LSE will certainly open lots of doors for you, that is a very prestigious university and a very well respected topic to study, providing you a very good foundation. However, whether you do IB or go straight to the buy side does depend on what you want to do. If you want to actually trade/invest, then starting in IB will give you a better starting point as you do the hard yards as an analyst, learning equity valuations etc. - also gives you credibility when you look to move into alternatives. That being said, you can do what I did and go straight into it if you take a less "investment" focused role. If I were you, I would spend some time to think about what you actually find interested in hedge funds/PE and what you would want to do. This allows you to plan out where you need to go and set goals (check out my video on goal setting). Then you can start networking already for that position, and ideally you can secure yourself some work experience and internships through your university. Definitely take part in some sort of investment society/group if you can (I actually attended the LSE Alternative Investment Conference which was fantastic). You sound like you are on the right path, and the fact you are answering these questions now is a really good thing. Let me know if there is anything else I can do to help - Good Luck!
A lot of my peers who were able to get in did it the old fashioned way (which isn't a bad thing!). They got the best grades and attended the best universities they could get to, which typically makes it a lot easier to apply. Although, typically you still need experience, so lots of them used their parents friends or their friends parents to do some work experience for a week or two, just so they could put something on the CV.
Hey Max thanks for the video - this is awsome advice and broken down well. As its almost 2 years old I was wondering what you are up to now, how you have found your HF experience, and if you would change any of these points today? Thanks!
Hi Matt, glad you found the video useful! I am actually now running my own business, still in the same industry. I thoroughly enjoyed working in the HF industry and specifically for the firm I was working for. I don't think there is anything I would change to be honest, other than getting more experience when I was younger. Possibly getting a Master's degree could have been beneficial for me, but ultimately I am very happy with where I am at the moment.
Thanks for the video. I am 34 and worked at a bank and got my SIE and series 6 and now want to go into hedge funds. Also headed back to school to finish my degree in economics. I'm curious what type of economics you studied mostly. Do you think a degree with a focus on Austrian economics is viable, or should I go the more conventional route?
Hi Ryan, thank you for watching the video. Great to hear you have your SIE, and S6. I personally wouldn't suggest you take such a niche area of economics, I think it would be more beneficial to take a more conventional economics route and try to mix in some econometrics if available.
Hey Max, as someone who could not get an internship mostly cause of the Pandemic and American Visa rules, but having all the necessary knowledge to work at a Hedge Fund how to go about applying it's tough to get calls.
Hi Richie, I would look to build your network in the alternative industry, go on LinkedIn, make conversations and build relationships with people who are working at the firms you want to be at. It’s great you said you have the required knowledge but make sure it’s tangible such that an employer can see you have done x y and z courses in etc and you have a certain amount of experience.
Hey Max. I am pursuing for CPA exams and after that I am thinking to go for CFA too. I am much interested to get into hedge funds. What would be your suggestion to approach the hedge fund market?
Hi, great to hear you are interested in joining the industry. The CFA is certainly a great start. Depending on your years of experience, I would either look for some internships or a analyst role where you can start getting some more hands on experience. It is normal for people to do their CFA while they are already working.
@Max Robins. I developed interest in investments and finance long after my graduation as an engineer. Do you need a specialized degree related to finance to get a job in hedge funds?
Hi, great question. I wouldn't say you need a degree as many people enter with a variety of degrees. The key is to show you are smart, but also interested in the field. I would suggest you do some Finance/Econ courses so you are up to speed, but you can still enter the industry.
@@MaxRobins Thanks for the reply. Which do you think is the best medium for job application? Linkedin or Company job portals? I learnt that Boston has the most opportunities in Hedge Funds after New York. Is it possible to apply for a job from a different country?
I would do both LinkedIn and job portals, its all about using them in combination, where you are networking and then applying at the same time. Check out my series on LinkedIn ua-cam.com/video/Zfwn0VwabOs/v-deo.html and it will give you a good flavour of what I do, the next episode talks about strategy once you have built a good foundation. You can apply in different countries, but people don't look to favourably on it due to visa restrictions etc.
Hey Max, I always wondered if a regular person can put their money into a edge fund or if you need be someone wealthy do to it and if that's so, is there a minimum amount that they require you?
Hi Alex, you can indeed but it typically depends on the Fund. There are two "main" structures, UCITS and Cayman. Most Cayman structured funds will have a large minimum investment, whereas UCITS tend to have smaller minimum levels. You can also invest in hedge funds through Fund of Funds, or certain investment platforms.
Hi, becoming a hedge fund manager after college is hard but people have started their own funds due to them coding their own algorithm etc. Typically people will join a different Fund as an analyst, work there for a few years, and slowly move to a portfolio manager level. If they have had good returns they then may become a hedge fund manager.
Hi Jackson, I would read the following books: The Intelligent Investor, Barbarian at the Gates and The Alternative Answer. I haven't read "The Little book of Alternative Investments", but I have heard it is really good.
I did it with RBC (Royal Bank of Canara). Internship may be a rather strong word, I would probably say it was more work experience, but yes you can definitely find these opportunities if you ask around etc.
@@MaxRobins Thanx I just discovered your channel and I think your a huge inspiration, I'm in my final year of Secondary and I want to know what can do starting now to prepare myself.
I’m 16 and want to work at a hedge fund and want to show that I’ve had a passion at a young age what’s the best thing I could do right now to build that, should I try and get an internship
Hi Ryan, great to hear you want to go to this direction. I would try and build a bit of an understanding for the world, research the positions, and a bit about equity valuations etc. I would then build a linkedin and start reaching out to people and connecting, try and build some relationships which you can leverage into a internship in the future. I have some videos on linkedin, and I am to do a lot more videos this year on this exact topic :)
I loved doing university in Holland, had a great time there! For recommendations, I would suggest a Finance, Mathematics or Economics based course, but ultimately the most important thing is the quality of the school and your experiences.
Hi, I went to Erasmus University in Rotterdam, and I studied a Double Major in Economics and Business, with a Minor in Mergers and Acquisitions. Any "top tier" university is always a good idea, so it depends where you want to study. Typically for finance careers, I would focus on an Economics, Econometrics or Finance related degrees.
@@davontawilliams3958study your ass off in math/economics/finance, do a post-bac in one of those at a university if your community college does not offer enough relevant courses, then think about a masters in finance or financial engineering. Last step is networking the whole time. Post-bac programs are usually 1 year ish and masters in finance related fields is usually around 18 months. If you get into the industry before 27 you are still plenty young.
Hi, the Hedge Fund I work for has a couple of different Funds. The main two are fundamental, but we have one quantitative Fund, and one "Quantamental", where it is primarily fundamental but with a quant screen.
Do you have to do a bachelor’s degree in economics/finance to be able to work at a hedge fund or bank, Or can you do perhaps a bachelors degree in business management then a masters degree in economics & management/ economics & finance? Great vid keep it up man!
Thanks Omar, great question. Those kind of topics are always helpful to do as a degree. Typically, Business or Management courses won't be as useful to use as they are considered softer subjects. I would recommend economics, finance, statistics or maths as a degree if you want to give yourself the best start. Masters should be focused on either economics, finance or maths for sure, the bachelor level isn't too important if you plan to do a master's (but you need to be sure your bachelor's degree will make you eligible for the masters).
How did you get your first internship job at the investment bank at age 15? I am going to be 15. I want to become a hedge fund manager or investment portfolio manager, what books and podcasts would you recommend? How do you become good at communication and networking? Thanks for sharing! I really enjoyed listening to you talk.
The best thing I would suggest is going on LinkedIn, reach out to people in the industry and companies you want to work in, and ask if you can "shadow" them, which means you walk around and learn, but it is a good thing to put on your CV. Then as you build this up you will meet people and it will become easier to get the next work experience or internship.
Hi thank you so much for the video. You recommend reading a lot, so what kinds of books will give me the best chance into this industry? Thanks in advance and best of luck to you!
Hi, would read the following books: The Intelligent Investor, Barbarian at the Gates and The Alternative Answer. I haven't read "The Little book of Alternative Investments", but I have heard it is really good. Also if you are interested I would go on UA-cam and watch a few podcasts and interviews to learn more.
@@MaxRobins have you added anymore books that you recommend? And would you say you gained your knowledge from reading or studying while in college/internships?
Hi, would read the following books: The Intelligent Investor, Barbarian at the Gates and The Alternative Answer. I haven't read "The Little book of Alternative Investments", but I have heard it is really good. Also if you are interested I would go on UA-cam and watch a few podcasts and interviews to learn more.
Hey man, what books can you recommend me? Max I think you are a kind of person I’d like to surround myself with, I’ve arrived in London a week ago and I’d love to get to know you and learn a bit from your experience.
Hi Saidazim, thank you for your support! I enjoyed the following, for books: The Intelligent Investor, Liar's Poker, Value Investing, Barbarian at the Gates, How to win Friends and Influence People...many others ahaha. Podcasts I enjoyed the "Masters of Business" hosted by Bloomberg. I also just looked for as many interviews as I could, such as by Ray Dalio etc. I hope you enjoy London, it has a lot to offer. If you have any questions feel free to reach out!
I would say that it is a combination of networking, and building up the relevant skills. Take courses on investment, research, analysis and then demonstrate that to relevant people. Start with an internship as your goal and then progress from there.
Hey Maxx, first off love your work, and thanks for all the advice. Secondly, taking into account that I'm an IB1 student with a full academic scholarship in the best IB school in Greece and the fact that I'm planning to go to Bocconi for finance, will get me into a major hedge fund company like yours? If not, could you propose to me some skills that I should develop from an early age, that would make my entry easier? Really looking forward to your answer and I hope you'll see this!
Hi, thank you for your support, glad I have been able to help. Bocconi is a fantastic university and will certainly help you in your applications to large firms. I would see if you can start working on your CFA, or IMC (IMC is a easier starting point), as they will really help in your application. Make sure you join an investment or finance society at university and try your best to get some work experience and internships.
Hi, thank you! I didn't have my CFA at the time, I am working towards it now though. I think it is a very useful qualification to have but as you are starting off your career it isn't mandatory, most take their CFA in the last 20's and early 30's
Hi bro I’m not graduating in finance or economics so but I’ve been learning that by my own so I want to get an internship in an edge fund is that possible ?
Hi Eddie, you don’t have to but it is a reasonably common career path to get into the industry. You can also go directly with an mba for sure, that is a fantastic qualification to have!
@@MaxRobins hi max thanks for the reply! I do have another question for you does it matter on what school you get your mba from to go into a hedge fund?
Hi, I wouldn’t say it necessarily matters but have it a more established school would certainly give you an advantage, especially as the better known mba courses already have links with these companies.
@@MaxRobins Thanks for you reply what do you think are the best skills needed to work at a hedge fund? Do you think trading is the best skill that’s need to work at a hedge fund?
@@eddierosario1537 If you start out you won't really be trading. The skills to learn are kind of dependent as to what you want to do. Some basic things to learn are equity valuations (using discount cash flows and comparable company analysis), you should understand macro and micro economics, and also what drives market sentiment, the relation with trading volume etc.
Hey Max thank you so much! I found your channel today I think you've got a great content. I'd appreciate if you could help me out. I am applying to a hedge fund for summer internship. I have to write specific aspects of long/short analyst role that I find most interesting. Thing is I don't know much about what short/long analysts do yet. Can you give some examples about their some specific examples. Thanks!
Hi, glad you found my channel, hopefully, there are videos which you will find very useful. The basics is that a "long" is when you are betting a company will go up in share value, and the "short" is when you bet the company's share price will decrease in value. Not everyone has the ability to go short because that requires someone to loan you the stock, and for you to sell it and then buy it back in the future, ideally at a lower price than what you sold (typically this is the role of a prime broker in the hedge fund world, so normally an investment bank like GS for example). The ability to go short is very powerful, as it allows you to hedge risk. Let's take the car company Ford as an example, you believe it will increase in share value because they have a great new business model and a new change in management, but this hypothesis can get impact by extranious impacts like economics and politics, but in the L/S world, you can isolate this opportunity from just general movements in the stock price. To do this you can go short other car companies or a car company index, this means that if the price of Ford goes up due to general market movements you will make no money because your shorts will hedge out that gain, but also it means if ford decreases your shorts will hedge the loss (this means you are sitting in a neutral position). The alpha is then made if Ford goes up as you predicted due to company specific circumstances and the shorts don't move as it isn't an industry wide move. Thus, you have managed to decrease the volatility of your position, while isolating the intended alpha gain. This is a very powerful concept, as it allows Portfolio Managers to take the Beta (correlation to maket movements) out of their portfolio, and extract the alpha from their fundamental analysis. Apologies if this is too complex, or too simple, I am not sure what your basis is. If it is too simple, I would build on the impact of hedging and the types of hedging, so talk about delta hedging with convertible bonds for example (assuming its not just equity l/s that you are looking at). If this was too complex, I would have a look at some YT videos on long and short, and hedging, and have a look at the book "The Alternative Answer" as it looks into the power of hedging etc. Hope this helps!
@@MaxRobins Thank you so much Max! Thanks for taking your time to explain it, it make much more sense now. You have one loyal subscriber now! Keep up your hard work!
Hi, yes you can! Other degrees people will do are economics, maths, and statistics. However, it is worth noting that I know people who have done topics ranging from Geography to History. If you don't have a focused degree it is important to choose one that is from a great university, and get a great grade. Also make sure you do lots of extra-curricular activities.
hey max i am a 21 year old ,who is interested in the finance field especially hedge fund right now i am in a tech company but want to join a hedge fund but in my under grad i have around 64 present now will this affect me from joining a hedge fund /should i apply after i do my masters in finance
Hi Ajitesh, I would certainly recommend doing a Masters in Finance, it can only help you in your application and will open more doors. At the same time, try do your CFA Level 1 as there will be a lot of cross-over in material, this will make your chances much higher of getting in.
Hey max great video btw. I have a question. Probably a silly one but do you need a degree to work at a hedge fund?I’m currently starting uni this year but I’m not too excited about it because of the student loan debt. I know it’s not a big deal but as an 18 year old getting yourself into debt at an early age is not they right thing to do. I have a e-commerce website which I have been successful with and I’m more passionate about that than uni at the moment. I don’t want to do that forever because I would rather work at a hedge fund. Can you please help me with what I should do.
Hi Eleanor, thank you for watching, I am glad it was useful for you. You don't necessarily NEED a degree to work at a hedge fund, but it is certainly helpful, as otherwise you are running uphill to just catch up with everyone else, who are often even coming with Master's etc. I wouldn't think about uni just as a big debt and a few exams though, make the most out of it in all avenues, such as networking, making a good group of friends, join clubs relevant to you, take part in events etc. The point is that you want to build a story about yourself, you want as much firepower is possible when people ask you questions and about what drives you. Having a successful business is fantastic, it tells a great story about your drive and your entrepreneurial spirit, so I would urge you to keep pushing and developing it further, however at this stage I wouldn't stop uni for it, try balance both. The first year of uni is normally not too tough, so use the extra time to expand your business and join clubs etc. The ultimate thing to do if I were you would be to make your online business as passive as possible, allowing you to make money but also to follow on your degree. Happy to chat about this in more detail through Instagram if that's easier!
Is it so hard to find somebody that can help you to get the job? How it was since you speak to him/her and then you get the job? And how is the hedge fund’s salaray going for not that much experience? Thanks and jeep on going! 💪🏽
Thank you for watching the video! I wouldn't say it is hard for someone to help you get the job, but it does take time and patience. It is also worth noting that at the end of the day you have to put yourself in a position where they want you to work for them, that means build up your CV/your story. I spoke to many many people before it progressed to getting a job, so it takes a bit of luck and persistence. The salary is highly dependent on what part of the business you join, i.e. front office vs. back office, in general the salary is pretty strong but front office typically makes a lot more as they are "making money" for the firm.
Hey Max, I absolutely loved your video very informative and interesting points my question is I will be finishing school this year and I have been Trading the Indian stock market for the past year and I have been able to make a consistent return of 3-7% a month I am also planning to start my own mentorship program where I will be teaching people about My strategies,Risk management and overall psychology of trading and also I plan to get A degree in bachelor of business administration [BBA], will all of these Things matter to get accepted as a hedge fund trader/manager?
Hi Saoud, great to hear you have enjoyed my videos and it seems very clear you have a passion for alternative investments. It’s hard to become a fund manager immediately as it is a very different task to managing your own money. I would look to take your CFA, and try get some work experience at some hedge funds, and then once you build up your experience you can look to progress. It will certainly help having a degree and doing the mentoring as it shows your strong work ethic, keep it up!
Hi Jorr, during high school I got a very short internship, more like "work experience" which I did through my friend's dad fortunately. However, this didn't really help me too much with getting a job as it was often overlooked, what it did help with though is giving me direction as I then knew I wanted to take this career forwards. I was in the Fixed Income Department, so spent time with the Bond traders, shadowing them and asking questions (it wasn't too active of an internship). The internship where I did a lot was during university, I spent time in Capital Markets and in Asset Management.
@@jorreverhaest3198 Yes that's a great idea. I would make sure you have an accurate idea of what you would like to do when you approach them, as its best if you sound like you are passionate and knowledgeable. Good luck! Check out some of my other videos on networking.
Hi Harry, this can change quite a lot depending on what position you have. For example, front office positions like analysts and traders will typically make more than someone in the back-office that managers risk or operations. Front office positions can make upwards of $60K a year and back-office typically starts around $40k a year. On top of that, you can get a bonus, which again will be higher normally for someone in the front office.
Great to hear, I would recommend getting the best degree you can in finance, economics or maths, and then try and join some investment clubs, socities. Also look to study towards your IMC, or CFA (IMC is a good starting point). Then apply for internships and work experience, also start networking on linkedin!
Thank you very much Baran! I am glad you found it useful, great to you hear your are on a successful journey as an entrepreneur, wish you the best of luck 🤞🏼
Hi, this is a big question, and there are lots of steps to become that. Firstly, I would recommend getting an internship or some work experience in a finance company, ideally in the investment management industry, and work your way to becoming a research analyst. Once you are there you are on the right path. (Also, you will need your CFA).
It is a good point, and obviously it is very helpful. However, that being said, it actually prevents you getting jobs at those firms as preventing nepotism is a big thing in the industry now. You an still end of "knowing people" if you follow my advice on linkedin and open doors that way.
I think arguably the most important aspect of a degree is that it comes from the best possible university you can get into. It certainly helps to choose a well-regarded degree, so try to get a good combination of both.
Starting salaries change depending on the country you are in, the area of finance, and the department you work in. Typically the UK pays less than the US for example. Average starting salary for a first year in the industry is between £30k and £50k before bonus.
Great to hear you have a passion for it! I would make sure you now progress towards getting a qualification so you can put it on your CV and it proof of your skills. Certainly look to get involved in a society/club and look to get some work experience, perhaps where you shadow someone.
@@MaxRobins I've been researching about IB for way too long. I was wondering what math and other skills are needed in the world of IB? I've heard from some people that you'll only need basic algebra, I've heard from others that you'll need a mastery in Probability and statistics AND algebra. But I've also heard that you need an in depth understanding of Calculus and beyond. What exactly do you need?
@@sawsy3863 This is a good question and I would say there is no right answer. Most of the work you will do will be on excel anyway so that has a lot of formula tools but it is good to have a good level of mental maths. Algebra is good as it helps with reasoning etc but you will get taught the maths you need anyway. I would have a look into the first level of cfa, specifically the quant and FRA sections to get a good idea. It’s basically time value of money (as this is used for valuations) and accounting so you know how to interpret company balance sheets and income statements.
Thank you for watching, please don't forget to SUBSCRIBE for more videos. I am making all sorts on career progression and if you enjoyed this I am sure you will like the videos to come! Thank you for all your support! Also, feel free to share with your friends :)
Hey Max are you going to upload videos again? Im 16 and with this videos I am learning a ton
Hi, hopefully in the next week or so! Glad you have found it useful 😊
@@nestorlopez2385 have you seen my new videos?
What's the main difference between working in hedge funds and at an investment bank? Are there any books you'd recommend me to know more about hedge funds?
Wow, it's impressive that you are talking for 17 minutes straight without any editing! Impressive speech skills! This is how you pass an interview.
Haha thank you, my new videos should be a bit easier to watch, shorter with more editing but happy to do this style more if people are interested!
Yea good for you for making this video. I’m 18 & have an intern role as a global investment banker. Keep going man you’ll do well
Thank you Justin, really appreciate it! New videos come in the next couple of weeks.
Firstly, Max - love your authenticity and kindness!
Secondly, could you tell what books, podcasts, and other materials you read? Lastly, you really motivated me and I hope one day I will thank you for this in-person🙏
Hi Azamat, thank you for your support! I enjoyed the following, for books: The Intelligent Investor, Liar's Poker, Value Investing, Barbarian at the Gates, How to win Friends and Influence People...many others ahaha. Podcasts I enjoyed the "Masters of Business" hosted by Bloomberg. I also just looked for as many interviews as I could, such as by Ray Dalio etc.
Really great advice!!! This man will get you far! 😤😤😤😤😤😤Don't sleep on Max Robins! Lets go bro super excited to see the future!! 🙏🏾💪🏾🙏🏾
Thank you Marty!
Really Interesting and useful! keep the videos coming!
Such an informative vid man, thanks for this.
Glad you liked it!
Interesting! Looking forward to hearing more about LinkedIn.
More to come!
great video max next up starting an hedge fund
Hope so! thank you for your suppor!
Awesome content!! Keen to see more videos
Thank you!
Super insightful, keep it up!
really great video, thank you!
Thanks, appreciate your support!
super dope vid do you have any recommendations for specific courses that really helped you
Hi, thank you so much, appreciate the support. Depends on what level in your career you are but anything finance related is great so the IMC, CAIA or CFA are really good qualifications, any online course you can do on economics, accounting and finance will certainly help you out too. I would also make sure you try and join an investment or finance society at uni or highschool. I have a video coming out later today which talks about networking which may be useful too!
Got not much to say. Just a plain and simple "thank you" !
Glad you thought it was useful!
hi, great video. I'm 14 and am trading stocks and am interested in hedge funds and finance. How would you get in touch with hedge funds for internships at 16?
Hi Alex, great to hear you are interested in this! It is pretty hard to get internships at 16, instead I would be looking for work experience or shadowing. The difference is you don't really have a task to do for the firm, instead you are just following someone around for a week, or maybe you have some small tasks. This is good because you can see if you really like the career, and you can get a glimpse of what is going on. I would have a couple of these on my CV if I could, and then look to get some internships as you become more experienced etc.
How do you trade stock at 14 don't you have to be 18?
@@thebillionairesdaily3688 Custodial accounts.
You are amazing...and so goodlooking, if you don't mind my saying so. (Today Pierre LaGrange GLG, tomorrow...the WORLD!)
Hey Max, Thanks for sharing; great content! I noticed you mentioned there are some books you read that's useful for the interview, do you mind sharing it?
Hi Christy, thank you for watching, I am glad you thought it was useful! I would read the following books: The Intelligent Investor, Barbarian at the Gates and The Alternative Answer. I haven't read "The Little book of Alternative Investments", but I have heard it is really good.
Hi Max, I honestly love the content and you're such a role model for me. I'n currently in my second year of A-levels and taking Maths, Chemistry, and History. (My GCSE grades were pretty average with As and Bs). Im really hoping however to get a job with a private equity group or better yet at a hedge fund like yourself which would be the ultimate goal. However, given the chance I would really like to skip the IB stage after uni before i head to exit opportunities and then into a hedge fund job - like yourself at 20 i hope i can get to the position you are. I'm thinking of taking Economics with Economic History at LSE and this summer will be taking part in summer weeks and small internships. However I still have until Jan 15th to change my course and uni if you have any ideas. Generally from my position what is the ideal plan. (sorry for the long winded back story and vague question but i want to get the most advice xD)
Hi, thank you very much for your kind words, definitely trying to help as many people as I can. I appreciate you taking the time to write a well thought out question. There is no 100% set answer, however, doing Economics at LSE will certainly open lots of doors for you, that is a very prestigious university and a very well respected topic to study, providing you a very good foundation. However, whether you do IB or go straight to the buy side does depend on what you want to do. If you want to actually trade/invest, then starting in IB will give you a better starting point as you do the hard yards as an analyst, learning equity valuations etc. - also gives you credibility when you look to move into alternatives. That being said, you can do what I did and go straight into it if you take a less "investment" focused role. If I were you, I would spend some time to think about what you actually find interested in hedge funds/PE and what you would want to do. This allows you to plan out where you need to go and set goals (check out my video on goal setting). Then you can start networking already for that position, and ideally you can secure yourself some work experience and internships through your university. Definitely take part in some sort of investment society/group if you can (I actually attended the LSE Alternative Investment Conference which was fantastic). You sound like you are on the right path, and the fact you are answering these questions now is a really good thing. Let me know if there is anything else I can do to help - Good Luck!
@@MaxRobins thank you so much i really needed to hear this - i’m going to follow all your videos
hey @@abb80759 , was wondering how has everything turned out for you
Just a question, how did your other peers get internships at Goldman and other hedge funds?
A lot of my peers who were able to get in did it the old fashioned way (which isn't a bad thing!). They got the best grades and attended the best universities they could get to, which typically makes it a lot easier to apply. Although, typically you still need experience, so lots of them used their parents friends or their friends parents to do some work experience for a week or two, just so they could put something on the CV.
@@MaxRobins thanks so much for responding and for your help
Hey Max thanks for the video - this is awsome advice and broken down well. As its almost 2 years old I was wondering what you are up to now, how you have found your HF experience, and if you would change any of these points today? Thanks!
Hi Matt, glad you found the video useful! I am actually now running my own business, still in the same industry. I thoroughly enjoyed working in the HF industry and specifically for the firm I was working for. I don't think there is anything I would change to be honest, other than getting more experience when I was younger. Possibly getting a Master's degree could have been beneficial for me, but ultimately I am very happy with where I am at the moment.
@@MaxRobins thanks for the reply Max! Why did you leave in the end?
@@mattc1447 I wanted to explore some entrepreneurial routes.
Watching this video one year after its publishing! Really interested on business valuation actually!
*Btw this channel deserves to be better known*
Thanks Alex, glad you found it useful! Haha I wish the channel was better known, feel free to share it with you friends!
Thanks for the video. I am 34 and worked at a bank and got my SIE and series 6 and now want to go into hedge funds. Also headed back to school to finish my degree in economics. I'm curious what type of economics you studied mostly. Do you think a degree with a focus on Austrian economics is viable, or should I go the more conventional route?
Hi Ryan, thank you for watching the video. Great to hear you have your SIE, and S6. I personally wouldn't suggest you take such a niche area of economics, I think it would be more beneficial to take a more conventional economics route and try to mix in some econometrics if available.
@@MaxRobins thank you for your input and fast response! Will do.
@@MaxRobins do you think a bachelors in quantitative economics is the most sound route to take to maybe become an analyst for a hedge fund?
top top video very informative thanks a lot :)
Thank you for watching, hopefully some of my other videos can help you out!
Hey Max, as someone who could not get an internship mostly cause of the Pandemic and American Visa rules, but having all the necessary knowledge to work at a Hedge Fund how to go about applying it's tough to get calls.
Hi Richie, I would look to build your network in the alternative industry, go on LinkedIn, make conversations and build relationships with people who are working at the firms you want to be at. It’s great you said you have the required knowledge but make sure it’s tangible such that an employer can see you have done x y and z courses in etc and you have a certain amount of experience.
Hey Max.
I am pursuing for CPA exams and after that I am thinking to go for CFA too.
I am much interested to get into hedge funds.
What would be your suggestion to approach the hedge fund market?
Hi, great to hear you are interested in joining the industry. The CFA is certainly a great start. Depending on your years of experience, I would either look for some internships or a analyst role where you can start getting some more hands on experience. It is normal for people to do their CFA while they are already working.
@@MaxRobins Thanks Max.
Will definitely try to get an internship while doing CFA.
@Max Robins. I developed interest in investments and finance long after my graduation as an engineer. Do you need a specialized degree related to finance to get a job in hedge funds?
Hi, great question. I wouldn't say you need a degree as many people enter with a variety of degrees. The key is to show you are smart, but also interested in the field. I would suggest you do some Finance/Econ courses so you are up to speed, but you can still enter the industry.
@@MaxRobins Thanks for the reply. Which do you think is the best medium for job application? Linkedin or Company job portals? I learnt that Boston has the most opportunities in Hedge Funds after New York. Is it possible to apply for a job from a different country?
I would do both LinkedIn and job portals, its all about using them in combination, where you are networking and then applying at the same time. Check out my series on LinkedIn ua-cam.com/video/Zfwn0VwabOs/v-deo.html and it will give you a good flavour of what I do, the next episode talks about strategy once you have built a good foundation. You can apply in different countries, but people don't look to favourably on it due to visa restrictions etc.
@@MaxRobins If I choose to structure my hedge fund as an S-corp, how will I get the management fee as in S-corp there are only shareholders.
Hey Max, I always wondered if a regular person can put their money into a edge fund or if you need be someone wealthy do to it and if that's so, is there a minimum amount that they require you?
Hi Alex, you can indeed but it typically depends on the Fund. There are two "main" structures, UCITS and Cayman. Most Cayman structured funds will have a large minimum investment, whereas UCITS tend to have smaller minimum levels. You can also invest in hedge funds through Fund of Funds, or certain investment platforms.
Can we become a hedge fund manager after college?
Hi, becoming a hedge fund manager after college is hard but people have started their own funds due to them coding their own algorithm etc. Typically people will join a different Fund as an analyst, work there for a few years, and slowly move to a portfolio manager level. If they have had good returns they then may become a hedge fund manager.
What books would you suggest on alternative investment strategies?
Hi Jackson, I would read the following books: The Intelligent Investor, Barbarian at the Gates and The Alternative Answer. I haven't read "The Little book of Alternative Investments", but I have heard it is really good.
Which investment bank did you do your internship with? I had no idea they offered internships to under 18 year olds.
I did it with RBC (Royal Bank of Canara). Internship may be a rather strong word, I would probably say it was more work experience, but yes you can definitely find these opportunities if you ask around etc.
Hi bro.y u stop making videos?
Hi Emmanuel, just sat my CFA this morning, so have been fully focused on that. I am going to start making a lot of videos very soon!
@@MaxRobins all the very best brother..sure ull ace it nd come out in flying colours
Hey Max I wanted to know if you could make a video based on your day to day life working in a Hedge fund🙏
Hi, thank you for this idea, this is definitely something that I would like to do!
@@MaxRobins Thanx I just discovered your channel and I think your a huge inspiration, I'm in my final year of Secondary and I want to know what can do starting now to prepare myself.
I’m 16 and want to work at a hedge fund and want to show that I’ve had a passion at a young age what’s the best thing I could do right now to build that, should I try and get an internship
Hi Ryan, great to hear you want to go to this direction. I would try and build a bit of an understanding for the world, research the positions, and a bit about equity valuations etc. I would then build a linkedin and start reaching out to people and connecting, try and build some relationships which you can leverage into a internship in the future. I have some videos on linkedin, and I am to do a lot more videos this year on this exact topic :)
same! what‘s your fav hedge fund? i find altimeter, atreides, & tiger global to be amazing
Hi max, i heard you talking talking about schools in Holland, what do you recommend and what degree to get into hedge fund
I loved doing university in Holland, had a great time there! For recommendations, I would suggest a Finance, Mathematics or Economics based course, but ultimately the most important thing is the quality of the school and your experiences.
What uni did you go to and what universities would provide me a good chance of getting a job offer?
Hi, I went to Erasmus University in Rotterdam, and I studied a Double Major in Economics and Business, with a Minor in Mergers and Acquisitions. Any "top tier" university is always a good idea, so it depends where you want to study. Typically for finance careers, I would focus on an Economics, Econometrics or Finance related degrees.
@@MaxRobins thank you
Hi my brother.now I studying forex TA analysis in ProjectX Trading Academy.How can I try to get in Hudge fund job?what needs requirements.
I’m 21 in the USA I go to a community college and I feel like it’s too late for me 🤦♂️
Never too late, you may have to go different method, but certainly still possible!
@@MaxRobins and that is…?
@@davontawilliams3958study your ass off in math/economics/finance, do a post-bac in one of those at a university if your community college does not offer enough relevant courses, then think about a masters in finance or financial engineering. Last step is networking the whole time. Post-bac programs are usually 1 year ish and masters in finance related fields is usually around 18 months. If you get into the industry before 27 you are still plenty young.
What kind of find do you work at (quantitative or fundamental)? What’s your educational background?
Hi, the Hedge Fund I work for has a couple of different Funds. The main two are fundamental, but we have one quantitative Fund, and one "Quantamental", where it is primarily fundamental but with a quant screen.
What to do if we don't have a finance degree or background and still want to get in this field ?? Thank you in advance ☺️
Yes you can certainly still get in, you will need to build up your work experience, or knowledge of the area.
Do you have to do a bachelor’s degree in economics/finance to be able to work at a hedge fund or bank, Or can you do perhaps a bachelors degree in business management then a masters degree in economics & management/ economics & finance?
Great vid keep it up man!
Thanks Omar, great question. Those kind of topics are always helpful to do as a degree. Typically, Business or Management courses won't be as useful to use as they are considered softer subjects. I would recommend economics, finance, statistics or maths as a degree if you want to give yourself the best start. Masters should be focused on either economics, finance or maths for sure, the bachelor level isn't too important if you plan to do a master's (but you need to be sure your bachelor's degree will make you eligible for the masters).
I wanna do this but I can’t use grids
Lots of tutorials you can have a look at, there are also different paths you can take :)
Can you tell me what degree you did and your opinion on doing a finance degrer
How did you get your first internship job at the investment bank at age 15? I am going to be 15. I want to become a hedge fund manager or investment portfolio manager, what books and podcasts would you recommend? How do you become good at communication and networking? Thanks for sharing! I really enjoyed listening to you talk.
The best thing I would suggest is going on LinkedIn, reach out to people in the industry and companies you want to work in, and ask if you can "shadow" them, which means you walk around and learn, but it is a good thing to put on your CV. Then as you build this up you will meet people and it will become easier to get the next work experience or internship.
Hey max,am a cs student can I become a fund manager with this background or wat can u recommend for me
Hi thank you so much for the video. You recommend reading a lot, so what kinds of books will give me the best chance into this industry? Thanks in advance and best of luck to you!
Hi, would read the following books: The Intelligent Investor, Barbarian at the Gates and The Alternative Answer. I haven't read "The Little book of Alternative Investments", but I have heard it is really good. Also if you are interested I would go on UA-cam and watch a few podcasts and interviews to learn more.
@@MaxRobins Thank you so much sirr!!
@@MaxRobins have you added anymore books that you recommend? And would you say you gained your knowledge from reading or studying while in college/internships?
Hi max, I am not graduate but pursuing CFA. And own a small investment and fund management company. After CFA do i have any value for job
Hey Max, will you please share a list of books, podcasts, etc. that you found helpful
Hi, would read the following books: The Intelligent Investor, Barbarian at the Gates and The Alternative Answer. I haven't read "The Little book of Alternative Investments", but I have heard it is really good. Also if you are interested I would go on UA-cam and watch a few podcasts and interviews to learn more.
If i do not have any title but i have a lot experience in maths, trading and finance, can i apply?
Yes they are all very good skills, depending on your experience, I would suggest going for an intern type of role first.
Hey man, what books can you recommend me? Max I think you are a kind of person I’d like to surround myself with, I’ve arrived in London a week ago and I’d love to get to know you and learn a bit from your experience.
Hi Saidazim, thank you for your support! I enjoyed the following, for books: The Intelligent Investor, Liar's Poker, Value Investing, Barbarian at the Gates, How to win Friends and Influence People...many others ahaha. Podcasts I enjoyed the "Masters of Business" hosted by Bloomberg. I also just looked for as many interviews as I could, such as by Ray Dalio etc.
I hope you enjoy London, it has a lot to offer. If you have any questions feel free to reach out!
What are the best ways to get into a hedge fund if you never have worked in investment banking and you don’t have a cfa
I would say that it is a combination of networking, and building up the relevant skills. Take courses on investment, research, analysis and then demonstrate that to relevant people. Start with an internship as your goal and then progress from there.
What club where you in or where did you study? I am from Belgium btw.
I studied at Erasmus University in Rotterdam, and I founded my only investment society but I also took part in B&R Beurs Investments Club.
Hey Maxx, first off love your work, and thanks for all the advice. Secondly, taking into account that I'm an IB1 student with a full academic scholarship in the best IB school in Greece and the fact that I'm planning to go to Bocconi for finance, will get me into a major hedge fund company like yours? If not, could you propose to me some skills that I should develop from an early age, that would make my entry easier? Really looking forward to your answer and I hope you'll see this!
Hi, thank you for your support, glad I have been able to help. Bocconi is a fantastic university and will certainly help you in your applications to large firms. I would see if you can start working on your CFA, or IMC (IMC is a easier starting point), as they will really help in your application. Make sure you join an investment or finance society at university and try your best to get some work experience and internships.
Very inspiring video, thanks so much! Question: Did you get a CFA and is it so important? Thanks mate!
Hi, thank you! I didn't have my CFA at the time, I am working towards it now though. I think it is a very useful qualification to have but as you are starting off your career it isn't mandatory, most take their CFA in the last 20's and early 30's
Hi bro I’m not graduating in finance or economics so but I’ve been learning that by my own so I want to get an internship in an edge fund is that possible ?
Do you have to work at investment bank to work at a hedge fund? Or can you work directly for a hedge fund if you have a mba
Hi Eddie, you don’t have to but it is a reasonably common career path to get into the industry. You can also go directly with an mba for sure, that is a fantastic qualification to have!
@@MaxRobins hi max thanks for the reply! I do have another question for you does it matter on what school you get your mba from to go into a hedge fund?
Hi, I wouldn’t say it necessarily matters but have it a more established school would certainly give you an advantage, especially as the better known mba courses already have links with these companies.
@@MaxRobins Thanks for you reply what do you think are the best skills needed to work at a hedge fund? Do you think trading is the best skill that’s need to work at a hedge fund?
@@eddierosario1537 If you start out you won't really be trading. The skills to learn are kind of dependent as to what you want to do. Some basic things to learn are equity valuations (using discount cash flows and comparable company analysis), you should understand macro and micro economics, and also what drives market sentiment, the relation with trading volume etc.
Hey Max thank you so much! I found your channel today I think you've got a great content. I'd appreciate if you could help me out. I am applying to a hedge fund for summer internship. I have to write specific aspects of long/short analyst role that I find most interesting. Thing is I don't know much about what short/long analysts do yet. Can you give some examples about their some specific examples.
Thanks!
Hi, glad you found my channel, hopefully, there are videos which you will find very useful. The basics is that a "long" is when you are betting a company will go up in share value, and the "short" is when you bet the company's share price will decrease in value. Not everyone has the ability to go short because that requires someone to loan you the stock, and for you to sell it and then buy it back in the future, ideally at a lower price than what you sold (typically this is the role of a prime broker in the hedge fund world, so normally an investment bank like GS for example). The ability to go short is very powerful, as it allows you to hedge risk. Let's take the car company Ford as an example, you believe it will increase in share value because they have a great new business model and a new change in management, but this hypothesis can get impact by extranious impacts like economics and politics, but in the L/S world, you can isolate this opportunity from just general movements in the stock price. To do this you can go short other car companies or a car company index, this means that if the price of Ford goes up due to general market movements you will make no money because your shorts will hedge out that gain, but also it means if ford decreases your shorts will hedge the loss (this means you are sitting in a neutral position). The alpha is then made if Ford goes up as you predicted due to company specific circumstances and the shorts don't move as it isn't an industry wide move. Thus, you have managed to decrease the volatility of your position, while isolating the intended alpha gain. This is a very powerful concept, as it allows Portfolio Managers to take the Beta (correlation to maket movements) out of their portfolio, and extract the alpha from their fundamental analysis. Apologies if this is too complex, or too simple, I am not sure what your basis is. If it is too simple, I would build on the impact of hedging and the types of hedging, so talk about delta hedging with convertible bonds for example (assuming its not just equity l/s that you are looking at). If this was too complex, I would have a look at some YT videos on long and short, and hedging, and have a look at the book "The Alternative Answer" as it looks into the power of hedging etc. Hope this helps!
@@MaxRobins Thank you so much Max! Thanks for taking your time to explain it, it make much more sense now. You have one loyal subscriber now! Keep up your hard work!
To become a hedge fund manager
Can I get into hedge fund without finance degree ??
Hi, yes you can! Other degrees people will do are economics, maths, and statistics. However, it is worth noting that I know people who have done topics ranging from Geography to History. If you don't have a focused degree it is important to choose one that is from a great university, and get a great grade. Also make sure you do lots of extra-curricular activities.
I have bachelors in computer science can i join and if yes then how
hey max i am a 21 year old ,who is interested in the finance field especially hedge fund right now i am in a tech company but want to join a hedge fund but in my under grad i have around 64 present now will this affect me from joining a hedge fund /should i apply after i do my masters in finance
Hi Ajitesh, I would certainly recommend doing a Masters in Finance, it can only help you in your application and will open more doors. At the same time, try do your CFA Level 1 as there will be a lot of cross-over in material, this will make your chances much higher of getting in.
Hey max great video btw. I have a question. Probably a silly one but do you need a degree to work at a hedge fund?I’m currently starting uni this year but I’m not too excited about it because of the student loan debt. I know it’s not a big deal but as an 18 year old getting yourself into debt at an early age is not they right thing to do. I have a e-commerce website which I have been successful with and I’m more passionate about that than uni at the moment. I don’t want to do that forever because I would rather work at a hedge fund. Can you please help me with what I should do.
Hi Eleanor, thank you for watching, I am glad it was useful for you. You don't necessarily NEED a degree to work at a hedge fund, but it is certainly helpful, as otherwise you are running uphill to just catch up with everyone else, who are often even coming with Master's etc. I wouldn't think about uni just as a big debt and a few exams though, make the most out of it in all avenues, such as networking, making a good group of friends, join clubs relevant to you, take part in events etc. The point is that you want to build a story about yourself, you want as much firepower is possible when people ask you questions and about what drives you. Having a successful business is fantastic, it tells a great story about your drive and your entrepreneurial spirit, so I would urge you to keep pushing and developing it further, however at this stage I wouldn't stop uni for it, try balance both. The first year of uni is normally not too tough, so use the extra time to expand your business and join clubs etc. The ultimate thing to do if I were you would be to make your online business as passive as possible, allowing you to make money but also to follow on your degree. Happy to chat about this in more detail through Instagram if that's easier!
Also, check out some of my other videos, I made one on making the most out of uni which I think could be relevant for you.
Is it so hard to find somebody that can help you to get the job? How it was since you speak to him/her and then you get the job? And how is the hedge fund’s salaray going for not that much experience?
Thanks and jeep on going! 💪🏽
Thank you for watching the video! I wouldn't say it is hard for someone to help you get the job, but it does take time and patience. It is also worth noting that at the end of the day you have to put yourself in a position where they want you to work for them, that means build up your CV/your story. I spoke to many many people before it progressed to getting a job, so it takes a bit of luck and persistence. The salary is highly dependent on what part of the business you join, i.e. front office vs. back office, in general the salary is pretty strong but front office typically makes a lot more as they are "making money" for the firm.
Hey Max, I absolutely loved your video very informative and interesting points my question is I will be finishing school this year and I have been Trading the Indian stock market for the past year and I have been able to make a consistent return of 3-7% a month I am also planning to start my own mentorship program where I will be teaching people about My strategies,Risk management and overall psychology of trading and also I plan to get A degree in bachelor of business administration [BBA], will all of these Things matter to get accepted as a hedge fund trader/manager?
Hi Saoud, great to hear you have enjoyed my videos and it seems very clear you have a passion for alternative investments. It’s hard to become a fund manager immediately as it is a very different task to managing your own money. I would look to take your CFA, and try get some work experience at some hedge funds, and then once you build up your experience you can look to progress. It will certainly help having a degree and doing the mentoring as it shows your strong work ethic, keep it up!
good video
Thank you!
how did you get the internship in high school and what did you do as an intern
Hi Jorr, during high school I got a very short internship, more like "work experience" which I did through my friend's dad fortunately. However, this didn't really help me too much with getting a job as it was often overlooked, what it did help with though is giving me direction as I then knew I wanted to take this career forwards. I was in the Fixed Income Department, so spent time with the Bond traders, shadowing them and asking questions (it wasn't too active of an internship). The internship where I did a lot was during university, I spent time in Capital Markets and in Asset Management.
@@MaxRobins my grandpa was a manager in the retail bank and my family has some connections there maby i can ask them
@@jorreverhaest3198 Yes that's a great idea. I would make sure you have an accurate idea of what you would like to do when you approach them, as its best if you sound like you are passionate and knowledgeable. Good luck! Check out some of my other videos on networking.
@@MaxRobins I will check the vids out. thanks for the help.
@@MaxRobins did you just shadow the people working at the back or did you have tasks you had to complete
How much money on average do you take home yearly?
Hi Harry, this can change quite a lot depending on what position you have. For example, front office positions like analysts and traders will typically make more than someone in the back-office that managers risk or operations. Front office positions can make upwards of $60K a year and back-office typically starts around $40k a year. On top of that, you can get a bonus, which again will be higher normally for someone in the front office.
@@MaxRobins ah okay cheers for the info boss
@@harrywharam7893 No worries, let me know if you have other questions, and be sure to check out some of my other videos.
I want job in Goldman Sachs so what qualification do I need
Great to hear, I would recommend getting the best degree you can in finance, economics or maths, and then try and join some investment clubs, socities. Also look to study towards your IMC, or CFA (IMC is a good starting point). Then apply for internships and work experience, also start networking on linkedin!
@@MaxRobins thanks 👍
Really informative video Max! I'm a 17 y/o CEO and just started making content sharing my journey building a $3,000,000+ valued tech company :)
Thank you very much Baran! I am glad you found it useful, great to you hear your are on a successful journey as an entrepreneur, wish you the best of luck 🤞🏼
What university did you go to?
Is this guy a Math genius?
Not quite :)
Hi mr. Max , currently I m 17 and I wanna do internship at some hedge fund firms .how can I join it ?
Have a look at my videos on connecting with CEO's and creating LinkedIn, if you network well you have a good chance.
Bro need your help from India what procedure to be needed to become a hedge fund manager
Hi, this is a big question, and there are lots of steps to become that. Firstly, I would recommend getting an internship or some work experience in a finance company, ideally in the investment management industry, and work your way to becoming a research analyst. Once you are there you are on the right path. (Also, you will need your CFA).
Hey what did you study for this job
I studied a Double Major in Economics and Business, then did a Minor in M&A
Hey can you help me in person, because I am studying msc Quantative finance
Hi, I am able to help, message me on instagram: Max.robins
Forgot to mention knowing people at the hedge fund to begin with or having parents know people at the fund 😉
It is a good point, and obviously it is very helpful. However, that being said, it actually prevents you getting jobs at those firms as preventing nepotism is a big thing in the industry now. You an still end of "knowing people" if you follow my advice on linkedin and open doors that way.
what course did you take..????
I studied a Double Major in Economics and Business, then did a Minor in M&A
Is a challenge degree necessary?
I think arguably the most important aspect of a degree is that it comes from the best possible university you can get into. It certainly helps to choose a well-regarded degree, so try to get a good combination of both.
Max, you’re very good looking.
I think you should be at an investment bank.
What’s your starting salary?
Starting salaries change depending on the country you are in, the area of finance, and the department you work in. Typically the UK pays less than the US for example. Average starting salary for a first year in the industry is between £30k and £50k before bonus.
I am 16 and started when i was 15 trading most of my friends say I am obsessed with trading.
I hope I'll get a job later at a hedge fund later.
Great to hear you have a passion for it! I would make sure you now progress towards getting a qualification so you can put it on your CV and it proof of your skills. Certainly look to get involved in a society/club and look to get some work experience, perhaps where you shadow someone.
Same bro except I think hedge fund managing is dying so I want to be a quant
@@Lebronwski Quant is a really good place to get into, I would certainly recommend that as it is the way equity research is heading!
@@MaxRobins Great. Do you have any majors you’d recommend? Also can you make a day in the life of a hedge fund manager?
I am falling in love with you! 😍
Sus?
😂
I am from India , there is no Hedge funds here
Hi Aayush, there are actually some great Indian hedge funds, have a look at True Beacon!
@@MaxRobins I know its liking asking for a lot but can you give me list
How he got a job at hedgefund at 20? He has a closed connections!
Who's your dad? 😂
8th grader here who likes money B)
Aha good to hear, I have a video coming in the next day or so that discusses the best side hustles so that would be good for you
@@MaxRobins I've been researching about IB for way too long. I was wondering what math and other skills are needed in the world of IB? I've heard from some people that you'll only need basic algebra, I've heard from others that you'll need a mastery in Probability and statistics AND algebra. But I've also heard that you need an in depth understanding of Calculus and beyond. What exactly do you need?
@@sawsy3863 This is a good question and I would say there is no right answer. Most of the work you will do will be on excel anyway so that has a lot of formula tools but it is good to have a good level of mental maths. Algebra is good as it helps with reasoning etc but you will get taught the maths you need anyway. I would have a look into the first level of cfa, specifically the quant and FRA sections to get a good idea. It’s basically time value of money (as this is used for valuations) and accounting so you know how to interpret company balance sheets and income statements.
What do you do there..make the tea?
I was in the Sales and Investor Relations Department, so essentially my job was to help the Hedge Funds we managed raise money globally.
Curious, what's your LinkedIn profile?