Which would give me a better and quicker opportunity to start a career at a HF - IBD or a trading desk at a BB? Are there any general paths I should be aware of?
Here's what I've heard so far:
1. This decision can depend on the fund strategy I would want to pursue later. For example, FX traders are wanted by many GM funds
2. A good trader can move to a HF after 2-3 years. Banker's on the other hand aren't necessarily knowledgable about markets and it usually takes them about 3-5 years.
3. Traders at BBs will typically become traders at HFs. Depending on the fund, they may or may not be working directly with PMs at generating ideas. They take on more of an execution role.
From what I've gathered so far, it seems like trading is a quicker route to a HF and will provide me with a more relevant skill set (analyzing markets). However, I don't want to be in an execution role for my entire career and would like to move up within to PM (hopefully). I understand that there's never a set career path, but in general, is there a better choice between picking IBD or Trading out of undergrad for a future in a HF? Is there anything I'm missing?