Getting a Job in Hedge Funds An Inside Look at How Funds Hire
By Adam Zoia and Aaron Finkel
Getting a Job in Hedge Funds: An Inside Look at How Funds Hire (Paperback – February 8, 2008), is a great book for those who are keen in making their career stronger in the hedge funds industry. But at the same time the book can prove really helpless for those who are trying to get into the industry. The book is in fact disappointing considering that its authors are one of the experts – Adam Zoia and Aaron Finkel – in the industry.
Throughout the book, the authors talk about the step-by-step ways of getting into the industry, however these steps are not really practical for a novice or for the one with inadequate experience in hedge funds investment. This is where the book has failed. It has failed in providing the readers with practical advices on how to get hired in the hedge funds industry.
But, the authors have done marvelously well in explaining how the hiring in the hedge funds industry go around. If you are one of those who have only dreamt of entering the hedge funds industry, but never actually gave it a try, then this book may really encourage you to at least give it a try. The book gives readers a bird’s-eye view of the industry in layman’s term with the help of case studies, which can be really interesting to read, but are hardly helpful for the starters.
Getting a Job in Hedge Funds provides generalized information on what hedge funds are, how they make money, and the role they play in the financial markets. The book also broods on different investing styles. The crux of the book has been divided in fourteen chapters. The first chapter of the book introduces the readers to the basic concept of the hedge funding and the later chapters talk about how graduates and post graduates especially MBAs can get best out of the industry. In addition, the chapters contain self-evaluation exercises that push readers to ponder on as why they would like to enter the hedge funds industry, what are their skills that they think can help them in excelling in the industry, and what are their expectations from the industry. These self-evaluation exercises are not really helpful for someone who is trying to make a breakthrough in the industry, with or without experience.
Getting a Job in Hedge Funds can be really helpful for those who are still into college. The overall content of the book is a generalized statement and that is also in layman’s language which makes the book a dull thing to read. The book makes its readers familiar with the kind of roles they might be expected to perform when they enter the hedge funds industry. For example, the book has a special chapter that explains the different kind of roles that a pre-MBA and post-MBA can be required to perform. In short, the book is not for experts in the hedge funds industry, but is a must buy for the students and aspirants who want to get into the industry. If you want to know what it takes to be in the industry I will say grab the book!
Book review by Geetika Sachdeva