How I Got Hired at SAC Capital Without a College Degree

Byrne Hobart
16 min readFeb 21, 2017

A few weeks ago, I was talking to a recruiter about a job at a hedge fund. We’d been introduced through a mutual friend, and he hadn’t seen my resume. So, after half an hour rehashing my background, skills, the market, et cetera, I decided to get it out of the way:

“Will it be a problem that I don’t have a degree?”

“No, not really. They’ve considered a few candidates without MBAs.”

“I don’t have an undergraduate degree.”

“… Oh.”

I never earned an undergraduate degree. Thanks entirely to this devastating career handicap, I recently spent two and a half years working as an analyst at one of the world’s best-performing hedge funds.

If you’re going to work at a top hedge fund, there are two courses of action I recommend:

  1. Getting a good GPA and test scores in high school, attending a target school, getting internships at prestigious banks, spending two years substituting Venti red-eyes for sleep as a junior banker, then getting an offer, or
  2. Getting unhealthily obsessed with stock picking at an early age, parlaying that into a terrible high school GPA and an unsatisfying college experience, then dropping out, working in a totally different industry, writing a blog and email newsletter about stocks, getting recommended to a portfolio manager by two different blog readers, and then getting an offer.



Byrne Hobart

I write about technology (more logos than techne) and economics. Newsletter: