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Beyond investment banking, hedge funds and asset management have also been featured prominently on M&I over the years.

In fact, we’ve shifted more and more in the direction of these “non-IB roles” over time since there’s already so much information on investment banking on the site.

While you can make an enormous amount of money in these fields, especially at hedge funds, they’ve also become more crowded and competitive over time… so you really need to read everything below to gain a leg-up over everyone else in the market.

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How to Pitch a Bank Stock (FIG) – and Profit Handsomely When You’re Right

Does the M&I stock pitch template work for any industry? You might think: “Well, maybe for the standard ones… healthcare, technology, consumer/retail… but for really different industries, you need something different.” Wrong! The most different industry is easily financial institutions (FIG), and commercial banks and insurance firms more specifically. Accounting is different, valuation is different, […]
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How to Gain a Serious Edge Over the Competition with a Pre-MBA Internship at a Hedge Fund

“There are three ways to make a living on Wall Street – be first, be smarter, or cheat.” -John Tuld, Margin Call It’s one of my favorite quotes from Margin Call… because it’s mostly true. But if you’re applying for IB/PE/HF jobs at the MBA level, this statement doesn’t quite hold up. After all, you […]
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How to Pick Companies to Pitch in Hedge Fund and Private Equity Case Studies in 5 Simple Steps

Some decisions in life deserve serious, thoughtful contemplation. Other times, you have to make a split-second decision and live with the consequences. Picking companies to pitch in hedge fund and private equity case studies falls somewhere in the middle. If you already have a few companies in mind, you need to decide on one quickly […]
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How to Prepare an Oil & Gas Stock Pitch – and Prevent Disaster When It Goes Wrong

The stock pitch. It might just be the most critical part of any hedge fund or asset management interview… And we ran an entire series on how to construct and present your own stock pitches last year. As an added bonus, there was an exceptional interview with one reader on oil & gas modeling case […]
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What Happens If You Start Your Own Hedge Fund and It Doesn’t Work Out?

We’re back today with the conclusion of this series on how to start your own hedge fund. When you’re presenting a stock pitch in interviews, one common mistake is failing to address the downside risks and how you might hedge yourself. And the same is true when starting your own fund or your own company: […]
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How to Start Your Own Hedge Fund, Part 3: How to Hire Your Team and Build an Organization

One of the benefits of working as an investor is that you don’t necessarily need to manage large teams to make money. Many of the most well-known hedge funds have very, very low headcounts, with far fewer employees than normal companies in the same revenue range. But you still need to hire some people once […]
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On the Job as an Associate Portfolio Manager in Asset Management: The Fastest Path to Becoming the Next Warren Buffett?

Compared to the ways many billionaires make their money, value investing is relatively simple: only invest in companies you understand, and pay less than their intrinsic value… and then keep doing that for decades. Of course, the idea is very different from the execution – and getting into the industry and then advancing at top […]
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How to Start Your Own Hedge Fund, Part 2: Investment Strategies and the Technical Side

Last time around, we went through the process of how to raise capital for your new hedge fund – and, more importantly, why you probably won’t be able to start your own fund… Unless you already have a proven track record… on a great team… with excellent connections to institutional investors. But assuming that you […]
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How to Start Your Own Hedge Fund, Part 1: Raising Capital and Launching Your Fund

Sometimes, my interviews on this site don’t turn out quite as expected. I went into this one expecting to title the series of articles “How to Start Your Own Hedge Fund”… By the time we finished our 2-hour long conversation, though, I realized that an alternate title might be more appropriate: “Why You Probably Shouldn’t […]
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Hedge Fund Case Studies, Part 4: Your Stock Pitch Template

…And, we’re back. No, I haven’t forgotten about this series and the long-awaited Part 4 – that’s what today is for. Over the past few months, we’ve covered everything that goes into a hedge fund case study, from the market research to the financial modeling and valuation and even the top mistakes to avoid. If […]
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Hedge Fund Case Studies 101, Part 3: How to Build the Financial Models You Need to Land Offers – and Put Together Your Stock Pitch

Numi Advisory has advised over 400 clients by providing career coaching, mock interviews, and resume reviews for people seeking jobs in equity research and investment management (full bio at the bottom of this article). One of the many benefits of a multi-part series like this is that I can drive you crazy – or at […]
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Hedge Fund Case Studies 101, Part 2: How to Research, Structure, and Present Your Stock Pitch to Continue Landing Those $500K+ Job Offers

has advised over 400 clients by providing career coaching, mock interviews, and resume reviews for people seeking jobs in equity research and investment management (full bio at the bottom of this article). Last time around, we learned why hedge fund case studies matter so much, what to think about before getting started with your own […]
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From Oil & Gas Investment Banking to Energy Hedge Fund: How to Make the Leap and Dominate Your Case Studies

So, what does it really take to dominate case studies and stock pitches in hedge fund interviews? And how can you move from a specific industry group in investment banking (oil & gas) to a hedge fund or private equity firm with a similar focus? The answer, as it turns out, is “Modeling out ultra-deep […]
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Hedge Fund Case Studies 101, Part 1: What They Are, Why You Should Care About Them, and How to Dominate Your Own Case Studies and Land $500K+ Job Offers

Numi Advisory has advised over 400 clients by providing career coaching, mock interviews, and resume reviews for people seeking jobs in equity research and investment management (full bio at the bottom of this article). Few things in this world strike as much terror into the hearts of eager bankers looking to move to the buy-side […]
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Quant Hedge Funds: String Theory + Algorithms = Binders Full of Money?

This article was guest-written by Zeke Lee, a Stanford graduate, former management consultant, and former derivatives trader on Wall Street. He founded the GMATPill.com, a video-based GMAT prep course for ambitious MBA candidates, and recently launched the Practice Pill Platform for interactive questions on the web, as well as an iPad app for GMAT practice (iPhone and […]
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The Back Office at a Hedge Fund: Time to Jump Off a Cliff?

If you’re working in the back office at a hedge fund right now, congratulations! You should rip open your Oxford shirt and be proud of your monogrammed B.O.B. club t-shirt (the acronym stands for “Back Office Beefcake” – Brian and I are still ironing out intellectual property details, so for now, just write your name […]
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Asset Management Sales 101: The Most Stable Area in the Smoldering Remains of Wall Street?

While you might be lusting after a private beach or three and in search of the fastest way to get there, traditional jobs in finance have a big downside: no stability. Sure, we already know that “security” is impossible in the real world, but with some jobs you have a much higher chance of being […]
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Fund Management, Part 2: Regular Hours, Decent Pay and a Stimulating Job?

So you think you can be a fund manager? Maybe you’re thinking of becoming the next Bill Gross – or you’ve been swayed by the whispers of a job in finance that actually pays you well while allowing you to maintain some semblance of a life. If you’ve read the first part of our interview […]
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From M&A Boutique Bank to Distressed Hedge Fund, Part 2: On the Job, Pay, and Exit Opps

One of the best parts of working at a hedge fund, besides the enormous piles of gold lining your mansion, is the fact that no one else understands what you do. Until now. In the second part of this interview on distressed hedge funds, you’re going to learn all about what you do on the […]
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How to Start Your Own Hedge Fund: A Day in the Life at Your New Start-Up Fund

You’ve lost your mind and decided to launch a hedge fund. We’ll be optimistic here and assume that you’ve actually managed to raise enough capital, get all the legal and infrastructure stuff taken care of, and that your trading strategy still produces solid returns. So what will your average day look like now? Like everything […]
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From M&A Boutique Bank to Distressed Hedge Fund: How to Make the Leap, Part 1

Hedge funds: the dream of every aspiring financier (or at least, most of them). And when the market tanks and companies start failing left and right, distressed hedge funds become even shinier and more attractive than plain vanilla hedge funds. But since they’re so secretive, it’s also hard to find much information on breaking in, […]
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How to Break Into a Hedge Fund, Make Enough to Retire, and Travel Around the World Kiteboarding, Paragliding and Skydiving

Everyone wants to work at a hedge fund. It’s hard to resist the lure of piles of money, your own yacht, and a private jet or three. But once you make it to that level, you run into another problem: what do you do with your life? Our interviewee today faced the same problem, and […]
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So You Think You Can Start a Hedge Fund? How to Become the Next Ken Griffin: Getting Up and Running

First, the bad news: you haven’t picked the best time to start a hedge fund (assuming that you are reading this anywhere in between 2011 and the present day). It was much better to get into the game early – i.e. the late 90’s or early 2000’s – before everyone else also wanted to start their […]
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How to Become a Value Investor – Whether You’re Passive, Active, or a Barbarian at the Gate

While it’s fun to write about razing villages and executing your enemies to get M&A deals done, such extreme violence is not everyone’s cup of tea. Plus, you might just want to invest in companies rather than buying or selling them outright. So if you dream of starting your own hedge fund or asset management […]
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Hedge Funds vs. Asset Management: Is a Billion Dollars Really Cooler Than a Million Dollars?

This is a guest post from Mike Moran, CFA, a portfolio manager at a long-only asset management firm. He started Life on the Buy Side to teach you what it’s like working in asset management, hedge funds, and more. Aspiring analysts often tell me that they want to work at a hedge fund one day. The most […]
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How to Break Into Asset Management in Germany – from a Part-Time, Non-Target, Distance Learning MBA Program

So, what about those part-time MBA programs? Do banks and finance firms take them seriously, even if they’re online? What about continental Europe recruiting vs. the UK? Today you’ll learn about those and other topics from a reader who recently broke into the finance industry in Germany. This reader also did an internship at a […]
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