From the monthly archives:

November 2007

Is an Advanced Degree a Requirement?

“It seems most job titles have specific educational requirements. From the survey results, a Bachelors degree is definitely a minimum educational requisite; however, having an advanced degree or MBA is not a requirement for many positions. A Masters Degree or MBA is more prevalent in the Analyst, Portfolio Manager and Trader roles (38% have an advanced degree). Some key administrative positions require professional certifications such as CPA.

“When it comes to compensation, the MBA does seem to pay off. MBA’s, on average, are earning 33% more in cash compensation – most of which is earned in bonus.

“When it comes to satisfaction with overall compensation, the MBA’s are actually less satisfied than all the respondents. This is likely due to expectations of additional compensation such as equity in the firm.”

From the 2007 Hedge Fund Search Digest Compensation Survey

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Better to be Tough

A new study by University of Chicago suggests that tougher personality traits drive more success than traits like teamwork or flexibility.

The study detailed personal assessments of 313 CEO job candidates (225 were actually hired) whose performance drove the study’s conclusions. The data was collected by ghSmart, who does much of its work for private-equity investors, including Blackstone Group and Bain Capital. Then the professors at University of Chicago Business School compared the results to actual performance.

Here are top and bottom five traits that correlate most closely with business success at buyout companies:

Traits that matter…

Persistence
Attention to detail
Efficiency
Analytical skills
Setting high standards

And those that matter least…

Strong oral communication
Teamwork
Flexibility/adaptability
Enthusiasm
Listening skills

Find the full article here.

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Warren Harvey: Asset Management Recruiting at a Top 25 Firm

November 16, 2007

Warren Harvey heads the Asset Management group at WorldBridge Partners (www.worldbridgepartners.com), member of Management Recruiters International and a top 25 executive recruiting firm covering many industries.
Tell us how you got to be in recruiting, and why you’ve stayed in it.
I’ve been recruiting for about 20 years, 18 of that here. I was working with [...]

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Craig Stocksleger on Hiring for the Global Markets

November 9, 2007

Former financial planner Craig Stocksleger is now a recruiter with Comprehensive (www.comprehensiverecruiting.com), an Arizona firm with a strong business in quantitative analytics.
How did you get into recruiting, and what keeps you here?
When I was in college, I was involved in trading my own account, and was fortunate enough to be fairly successful to pay for [...]

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Tom Kellerhals – Fund Marketing & Sales

November 2, 2007

We spoke to Tom Kellerhals of the Westminster Group (www.wgpeople.com) about his firm’s distinctive niche: placing sales & marketing professionals in asset management firms. A solid half of his work is in alternative investments.
How did you end up in this line of work?
I started my career in, of all places, the grain industry, working for [...]

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Hedge Fund Search Digest Services

November 1, 2007

Making a change in your hedge fund career? Our service makes the process much more effective. Every day our team scours all the online job boards (including both the big ones and the small niche sites) and puts only the best hedge fund job postings in a single database for you. We also provide access [...]

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