There may be greater numbers of financial professionals hitting the pavement these days, searching for hedge fund jobs. Yet many firms still like to hire rookies because they can mold them to their own firm’s culture – not to mention pay them less. That’s the opinion of Cornell Business Professor, Sanjeev Bhojraj, who heads up the Cayuga MBA Fund, a standalone hedge fund that is part of the curriculum at Cornell.
The fund has about $14 million in assets under management and uses a quantitative and analytic approach to portfolio management to help teach students about the fundamentals of running a hedge fund, according to an article by HedgefundNET. Investors are primarily Cornell business school alumnae.
Bhojraj acknowledges that times are tough for anyone hunting for a hedge fund job. But with an MBA and hands-on training in fundamental risk analysis, valuation and risk management, such as the one provided to the students involved in the Cayuga MBA fund, newcomers to the industry have a good chance at getting picked up by hedge fund firms.