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How much experience is needed in terms of managing a hedge fund?

As of lately I have been really interested into business in terms of a possible major. However I know nothing about what you could do with a business degree. I was thinking of being a hedge fund manager but I would like to know what steps do I take to position myself to have enough experience for this. #stocks #business #finance

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Ann’s Answer

Hi Armani,

I have never managed hedge funds before, but when I have a student interested in a specific career, I usually recommend that they go to a job search site like indeed and search for jobs with that title. From there you can read the descriptions of the jobs to see what employers are looking for in candidates for that role. Hope this helps!

Ann recommends the following next steps:

Here is the link to a hedge fund manager job posting. http://www.indeed.com/viewjob?from=appsharedroid&jk=754b41b99e831fce
Also search hedge fund manager on onetonline.org. This site will give you data on how much demand there is for the position, average pay, education and skills needed.
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Ian (Carl)’s Answer

This can vary dramatically. If managing investments is an interest of yours, you should start by managing investments of your own. Find educational material about investments and different strategies online. All hedge funds are only profitable due to their investing strategies. You can find an investing club online through different social media platforms to join as a start.
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W Elliot’s Answer

I have worked as an investment analyst and portfolio manager of equity mutual funds for most of my career. I have worked at investment management firms, not at hedge funds, but know the industry because it is related. I also worked on a specific fund that was a hedge fund product for a few years. If you are interested in a business degree, that would be very relevant for investment analysis in the hedge fund industry. I recommend a concentration in finance. Accounting is also helpful because you need to read financial statements for investment analysis. For my education, I chose a double major in Finance and Accounting. I will say that there are many people that work in the investment management and hedge fund industry that do not have business majors. I know current and former colleagues that have economics or or liberal arts majors. For an entry level position, there is a lot of learning that is done on the job. Having an business degree with certainly help give you an advantage. In addition to formal education, it is also helpful to get some experience with investment analysis by joining an investment club at your college or university. With some experience, you could also start investing personally or learning from a family member who does this.
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