Best degree for Global Macro HF
First of all, my apologies for writing yet another post on this topic. However, I have searched the internet extensively and haven’t been able to find any meaningful threads.
Ultimately, my goal is to break into Global Macro HFs in London. From my previous post, it seems that starting off in FI/C/FX S&T would be a good choice.
Now my question is, what would be the better graduate degree for breaking into BB S&T and eventually into Macro HFs.
On one hand I’m considering:
- MPhil Economics
- MSc Econometrics and Mathematical Economics
But on the other hand also:
- MSc Risk Management & Financial Engineering
- MSc Financial Mathematics
I have a background that would allow me to apply to either type of degree.
I understand that it might be easier to break into S&T from the latter type of degree. However, I feel like having the former type of degree could also contribute to my success in a risk taking position at a Global Macro HF, which is my ultimate goal.
Would getting both be useful in any way (2 years of grad studies)? Or is there a clear-cut winner here?
Let me know your thoughts!
And once again, my apologies, this will be the last post on the topic.
Navigating the path to a career in Global Macro Hedge Funds (HFs) in London requires a strategic approach to education and early career choices. Based on insights from the Wall Street Oasis forums, here's a breakdown of how different graduate degrees might align with your goals:
MPhil Economics and MSc Econometrics and Mathematical Economics:
MSc Risk Management & Financial Engineering and MSc Financial Mathematics:
Choosing Between the Degrees: - Both sets of degrees have their merits and can contribute to a successful career in Global Macro HFs. The choice largely depends on your career aspirations and the type of role you envision for yourself within a hedge fund. - If your interest lies more in economic analysis, policy impact on markets, and macroeconomic strategy, an MPhil in Economics or an MSc in Econometrics might be more aligned with your goals. - If you're drawn to quantitative trading, risk management, and financial engineering, then an MSc in Financial Mathematics or Risk Management would be suitable.
Pursuing Both Degrees: - While obtaining both types of degrees could provide a broad and impressive skill set, it's essential to weigh the time and financial investment against the potential benefits. Two years of additional studies mean delayed entry into the workforce and the practical experience that comes with it. - It might be more beneficial to choose one degree that aligns closely with your career goals and complement it with internships, networking, and practical experience in S&T or related fields.
In conclusion, there isn't a clear-cut winner between these degrees. Your choice should be guided by your career interests, the specific skills you wish to acquire, and how you envision your path into the Global Macro HF space. Networking with professionals in the field and seeking mentorship can also provide valuable insights tailored to your personal goals and aspirations.
Sources: What is the best way to get into a global macro hedge fund?, Global macro recruiting - a primer, https://www.wallstreetoasis.com/forum/hedge-fund/how-to-break-into-macro-hf-in-london?customgpt=1, Masters for Hedge Fund ???
Bump
it sounds like you're considering LSE/oxbridge vs Imperial. An Mphil in econ imo is too theoretical and you might end up studying topics like labour, and micro that are a bit useless outside academia.
Both are good programs although not sure how much coding takes place in LSE compared to financial engineering.
Ultimately both are targets so will screen the same, but it is on you to apply asap to roles. Mphil in econ might help you get an econ gig whereas Financial engineering is more geared towards junior strat roles
Are there any other degrees at Oxbridge/LSE I should be looking at if the goal is to move into a strat role? And how feasible is it to move from an econ gig into a strat and eventually pm role?
Could I perhaps private message you with some more questions?
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