T O P 5 C O L L E G E S T O AT T E N D F O R A F U T U R E I N H E D G E F U N D S

C R E A T E D B Y E VA N H . K A T Z

• According to an article published by FINalternitives, graduating from a top school with a concentration in finance does not always mean that you will be offered a job, especially in the specialized world of hedge funds.

• A study conducted by SumZero, an investment social network dedicated to professional investors (and more commonly referred to as the “buyside”), proved that gaining a job in hedge funds takes a lot more than just graduating from a top school.

• The head of data science at SumZero, Luke Schiefelbein, told CNBC that in the study, a “top fund” category was created by using a combination of rankings.

• He notes:

• “‘The most highly represented schools on SumZero are similar in order to those you might find on a U.S. News ranking, but the schools with alumni that are most successful at getting jobs at top hedge funds show a much different order… This suggests that top funds might be much more comprehensive in their selection process above and beyond simply identifying those that went to the top schools’” (FINalternatives, 10 Best Schools If You Want to Work at a Top Hedge Fund).

• The study was based on a survey of 11,000 members that SumZero considered to be an appropriate size to represent the 100,000 - person buy side community.

• The list includes universities that have the highest number of graduates who work at top hedge funds.

• Here are the top five schools on the list, as stated by FINalternatives…

C O L G AT E

• Percentage of graduates who work in top hedge funds: 17.65%

• Mission Statement: “Colgate's mission is to provide a demanding, expansive educational experience to a select group of diverse, talented and intellectually sophisticated students who are capable of challenging themselves, their peers, and their teachers in a setting that brings together living and learning.”

# 1

M I T

• Percentage of graduates who work in top hedge funds: 15.12%

• Mission Statement: “The mission of MIT is to advance knowledge and educate students in science, technology and other areas of scholarship that will best serve the nation and the world in the 21st century.”

# 2

J O H N S H O P K I N S

• Percentage of graduates who work in top hedge

funds: 14.89%

• Mission Statement: “The mission of The Johns Hopkins University is to educate its students and cultivate their capacity for life-long learning, to foster independent and original research, and to bring the benefits of discovery to the world.”

# 3

B R I G H A M Y O U N G

• Percentage of graduates who work in top hedge funds: 14.71%

• Mission Statement: “The mission of Brigham Young University—founded, supported, and guided by The Church of Jesus Christ of Latter-day Saints—is to assist individuals in their quest for perfection and eternal life. That assistance should provide a period of intensive learning in a stimulating setting where a commitment to excellence is expected and the full realization of human potential is pursued.”

# 4

U N I V E R S I T Y O F P E N N S Y LVA N I A

• Percentage of graduates who work in top hedge

funds: 12.23%

• Mission Statement: None

# 5

• Does your school make the cut?

• Find out if it’s featured in the top 10 here.