As you learn more about the top 5 hedge fund career mistakes, it may become obvious that you are on the wrong path. Fortunately, it is never too late to make a change.
No matter if you are getting your start in hedge funds or have been working in the industry for an extended period of time, it is essential to avoid as many mistakes as possible. This will ensure that you are always moving your career forward and working towards reaching your goals.
It is easy to believe that Michael Novogratz, Eric Sprott, Stuart Peterson and other top hedge fund managers have never run into career related issues. However, nothing could be further from the truth. These professionals, just like many others, had to start at the bottom and work their way up.
There are some career mistakes to avoid when searching for hedge fund jobs. There are others to avoid when you are already working in the industry, looking to move up the ladder.
Here are the top 5 hedge fund career mistakes.
Avoiding Internships while in College
During your time in school, you need to start thinking about the future. If you know you want to work in the hedge fund industry, it is best to secure as many internships as possible.
Not only does this look good on your resume, but it will help you grow your network.
Not Finding a Mentor
If you have yet to land your first hedge fund job, you need to find a mentor who is willing to show you the ropes and help you understand what you should and should not be doing.
It may not be simple to find a mentor, as hedge fund professionals are very busy, however, there are people out there who are more than willing to help.
Only Applying for Advertised Positions
When you apply for a hedge fund job through a traditional advertisement, such as an online job posting, you can be rest assured that many others are doing the same.
While there is nothing wrong with applying for advertised positions, don’t be afraid to reach out to hedge funds that are not actively looking for help. Even if they don’t have a position open at the present time, showing your interest will move you to the top of the list in the future.
Jumping Ship too Soon
Once you are working for a hedge fund, you may begin to dream of the day when you can work your way up the ladder towards a more “enviable” position. While there is nothing wrong with setting your sights on the stars, don’t jump ship because you are not moving up as quickly as you would like. Those who are patient will eventually make their way to the top.
An Inaccurate or Outdated Resume
It doesn’t matter if you are applying for your first hedge fund job or looking to change firms as a means of landing a better position. Your resume needs to be 100 percent accurate and up to date. If you make this mistake, you can all but forget about landing the job you have your eye on.
If you avoid these top 5 hedge fund career mistakes, you have a better chance of reaching your goals.