Hedge and Mutual Fund Careers: The Complete Guide
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Hedge and Mutual Fund Careers: The Complete Guide

Succeed as a Stock Picker or Financial Analyst by an Award Winning MBA Prof., worked @ Goldman, Hedge Funds & in VC
Bestselling
4.7 (392 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
3,525 students enrolled
Last updated 6/2017
English
English
Current price: $50 Original price: $200 Discount: 75% off
30-Day Money-Back Guarantee
Includes:
  • 8.5 hours on-demand video
  • 8 Articles
  • 18 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Learn how to pick stocks by using easy to understand methodologies that professional investors at the top hedge funds and mutual funds use.
  • How to come up with mutual fund investment ideas (longs - meaning buys) using an easy to understand top down and bottoms up research process.
  • How to come up with hedge fund investment ideas (longs and shorts) using an easy to understand top down and bottoms up research process.
  • Use templates and helpful methodologies created by Professor Haroun when he worked in the hedge fund industry to help you get a job, get promoted and pick stocks. The templates are all included in the course as well as Professor Haroun's easy to understand 8 step investment framework process.
  • Identify crucial catalysts (timed events) in order to know when the optimal time is to buy or short a stock.
  • Know exactly what a hedge fund is, the different hedge fund strategies, what it is like to work at a hedge fund, the pros and cons of working at a hedge fund, what shorting a stock really means, how hedge funds are structured and the who/what/where/why/when/how of the top hedge funds.
  • Know exactly what a mutual fund is, the different mutual fund strategies, what it is like to work at a mutual fund, the pros and cons of working at a mutual fund, how mutual funds are structured and the who/what/where/why/when/how of the top mutual funds.
  • Choose what buy side job you are most passionate about (mutual funds or hedge funds).
  • Understand how investment banks (the 'Sell Side') can help you be more successful in a hedge fund or mutual fund career.
  • Create easy to understand 1 page templates on why a stock is a buy or a short that you can use to help you come up with investment ideas. You can also impress your boss, clients, colleagues and potential clients or potential boss!
  • Analyze and understand an income statement (even if you have no experience with income statements).
  • Analyze and understand a balance sheet (even if you have no experience with balance sheets).
  • Analyze and understand a cash flow statement (even if you have no experience with cash flow statements).
  • We will do an extremely in depth professional investment analysis of LinkedIn using the investment methodologies used in this course (you will also have many exercises to complete that will help you understand modeling, financial statements and how to value companies).
  • Understand and use modeling best practices so you can create financial models.
  • Know where to get data in order to build a financial model (in depth understanding of identifying and using/navigating the best free websites and sources to build your financial model)!
  • Create a financial model (projecting the future) for an income statement.
  • Create a financial model (projecting the future) for a balance sheet.
  • Create a financial model (projecting the future) for a cash flow statement.
  • Understand valuation best practices so you can create target prices based on your financial models.
  • How to use Discounted Cash Flow (DCF) and how to create the Weighted Average Cost of Capital and Terminal values in order to pick target prices.
  • How to use P/E in order to pick target prices.
  • How to use P/R in order to pick target prices.
  • Other valuation methodologies, including EV/Sales, EV/EBITDA, P/B, EV/FCF, etc.
  • Come up with a target price based on an average of several different valuation methodologies.
  • Know the differences with how hedge funds and mutual funds value and model companies.
  • Analyze the total addressable market for a company you are doing research on.
  • Analyze financial statements using profitability ratios: Gross Margin (Cost of Goods Sold / Revenue), Operating Margin (EBITDA/ Revenue), Net Profit Margin (Net Income / Revenue), Return on Assets (Net Income / Assets) and Return on Equity (Net Income / Equity).
  • Analyze financial statements using debt and inventory formulas: Debt to Assets (Total Liabilities/ Total Assets), Debt to Equity (Total Liabilities/ Total Equity), Interest Coverage Ratio (EBITDA / Interest) and Inventory Days on Hand (Inventory / Cost of Good Sold) * 365.
  • Analyze and compare companies using the following formulas: Price / Earnings, PEG (P/E / Growth), Price / Revenue, EV/EBITDA, EV/Sales, Price/Free Cash Flow and Price / Book.
  • How to interview management teams and tell if they are lying (based on training I received from 25 year CIA and FBI veterans).
  • How to keep you and your family safe by discussing important compliance rules in the mutual fund and hedge fund industry.
  • How to ace the mutual fund interview so you can get hired.
  • How to ace the hedge fund interview so you can get hired.
  • How to keep your boss happy at a hedge fund so you have a much better chance of getting promoted.
  • How to keep your boss happy at a mutual fund so you have a much better chance of getting promoted.
  • Politics to be aware of at a hedge fund.
  • Politics to be aware of at a mutual fund.
  • Excellent tips/secrets on how to get promoted at a hedge fund.
  • Excellent tips/secrets on how to get promoted at a mutual fund.
  • What is the role of a successful portfolio manager at a hedge fund?
  • What is the role of a successful portfolio manager at a mutual fund?
View Curriculum
Requirements
  • You don’t need to have any stock picking or any accounting or any finance experience as we will cover all of the concepts from scratch. A requirement is that you have access to and a very basic understanding of how to use Microsoft Excel as we will use Microsoft Excel in the course as we will be analyzing and creating a Balance Sheet, Income Statement and Cash Flow Statement. We will also learn how to create the following from scratch using Microsoft Excel: financial models so we can come up with target prices using Discounted Cash Flow, the Weighted Average Cost of Capital, Price to Earnings, Price to Revenue, etc. – again all from scratch (assuming you have no or some accounting/finance knowledge).
Description

** ACCORDING TO BUSINESS INSIDER: "Haroun is one of the highest rated professors on Udemy, so you can expect to be in good hands through the course of your education." **  He is the author of the best selling business course on Udemy this year called 'An Entire MBA in 1 Course'

There are 100 lessons in this course to help you understand how to pick stocks like professional investors do at mutual funds and hedge funds (even if you have no stock picking, accounting or finance experience)! Also, if you want to work or be successful at a hedge fund or at a mutual fund, this course will tell you how to get a job, get promoted and how to excel at mutual funds and hedge funds. 

Professor Chris Haroun has been profiled in Forbes Magazine and Business Insider and has raised and managed over $1bn in his finance career. He loves teaching students about real world practical concepts with no theory. 

Professor Haroun has more than 20 years of finance analyst experience in several different finance sectors, including 5 years at Goldman Sachs, 8 years in the hedge fund industry at firms that include hedge fund giant Citadel and his own firm, 7 years in the venture capital industry (a venture firm he started had a private investment years ago in Facebook) and 4 years in the finance/tech industry at Accenture where he worked on the merger of Bank of America and Nations Bank as well as setting up an offshore bank for the Canadian Imperial Bank of Commerce. His finance work experience has been all over the world in countries that include the United States, England, Scotland, Canada, Japan, China, India and France. He has taught students in more that 160 countries and he is a well known business author of many books. His popular business book: '101 Crucial Lessons They Don't Teach You in Business School' was written up in Forbes Magazine as "1 of 6 books that all entrepreneurs need to read right now." 

Professor Haroun also has an MBA from Columbia University where he majored in Finance. 

After taking this course, students should be able to understand how to pick stocks like a professional investor at a mutual fund or hedge fund as well as how to get a job, get promoted and how to excel at mutual funds and hedge funds. 

Who is the target audience?
  • Anyone interested in learning how to pick stocks the easy way - like the pros do (assuming you have no finance and accounting background. You will learn the easy way how to pick stocks like professional investors do at mutual funds or at hedge funds).
  • Anyone interested in working at a hedge fund as an analyst.
  • Anyone interested in working at a mutual fund as an analyst.
  • Anyone that already works at a hedge fund and wants to learn how to improve their stock picking skills and also how to get promoted to the next level (portfolio manager).
  • Anyone that already works at a mutual fund and wants to learn how to improve their stock picking skills and also how to get promoted to the next level (portfolio manager).
  • Anyone that is interested in learning about the hedge fund and mutual fund industries and how they pick stocks.
Curriculum For This Course
102 Lectures
08:25:29
+
Introduction and What is the Buy Side (Meaning Hedge Funds or Mutual Funds)?
4 Lectures 14:47

This course is for:

-anyone that wants to learn how to pick stocks like professional investors do at the top hedge funds and mutual funds.

-anyone that wants to work at a hedge fund as an analyst.

-anyone that wants to work at a mutual fund as an analyst. 

-anyone that is already an analyst at a hedge fund that wants to learn how to get promoted to a hedge fund portfolio manager. 

-anyone that is already an analyst at a mutual fund that wants to learn how to get promoted to a mutual fund portfolio manager. 

-anyone that wants to learn more about how investing, hedge funds and mutual funds work. 

Preview 05:02

Learn how investment banks (the 'Sell Side') can help hedge and mutual fund analysts be much more successful. 

What is the Relationship Between the Buy Side and the Sell Side?
05:40

This exercise will help you determine what Buy Side role is best for you (either a hedge fund, or a 'long only' firm like a mutual fund). Please read the attached PDF and answer all 10 questions. I will discuss the results with you in the next video. Thanks

Practice Activity: Decide What Buy Side Role You Are Most Passionate About
00:19

This lecture discusses the results from the practice activity and what analyst role makes most sense for you (either at a hedge fund or at a mutual fund). 

Practice Activity Results Analysis: Congratulations!
03:46
+
Hedge Funds Overview
4 Lectures 20:56

Learn what a hedge fund is, how a short works, how a hedge fund is structured, what the top hedge funds to work for are and where are they located. 

Hedge Funds Introduction
09:20

This video is an overview of a day in the life of a hedge fund analyst. In this video we discuss the investment framework that we will use to analyze potential investment ideas, including analyzing fundamentals, valuation, technical analysis and catalysts. We will cover all of the aforementioned investment framework topics in much more detail later in this course. 

A Day in the Life of a Hedge Fund Analyst
04:39

Learn what are the positive and negative characteristics of working at a hedge fund. 

Pros and Cons of Working at a Hedge Fund
02:08

Learn what the different type of hedge fund strategies are, including Long/Short, Event Driven, Activist, Macro and Artificial Intelligence based computer trading systems. 

Other Hedge Fund Strategies (Event Driven, Computer Trading etc.)
04:49
+
Mutual Funds Overview
3 Lectures 10:05

Learn what a mutual fund is, how a mutual fund is structured, what the top mutual funds to work for are and where are they located. 

Mutual Funds Introduction
06:03

Learn what the difference is between working at a mutual fund and working at a hedge fund. 

A Day in the Life of a Mutual Fund Analyst
01:06

Learn what are the positive and negative characteristics of working at a mutual fund. 

Pros and Cons of Working at a Mutual Fund
02:56
+
What is a Buy Side Research Process?
4 Lectures 16:03

The top investors have a rock solid investment research process. This section will teach you how to use investment frameworks to ensure that you are a more successful investor. 

Research Process Introduction
01:37

This lecture will teach you my 8 step research process that I have refined over my career, which makes it much easier to identify great investment ideas. 

Preview 07:52

Attached to this section are a few templates that are easy to complete that will impress potential clients, employers etc. I have used these templates which have helped me to raise money for my hedge fund that I launched as well as to get me jobs at a few of the top hedge funds in the world. 

Completing an Investment Idea Template
05:14

This lecture will help you understand the differences between how the investment research process works at a hedge fund and at a mutual fund. 

Differences Between the Research Process at a Hedge Fund and at a Mutual Fun
01:20

Quiz on the Investment Research Process
3 questions
+
Catalysts
3 Lectures 10:49

Timing of when to invest in a company is crucial; learn how to think about the optimal timing of an investment.

What is an Investment Catalyst and Why is it Important?
01:10

Learn how to identify events that professional hedge fund investors identify to help them pick winning investment ideas (long and shorts).

Preview 05:15

Learn how to identify events that professional mutual fund investors identify to help them pick winning investment buy ideas.

Catalysts for Mutual Funds
04:24

Quiz on Catalysts
3 questions
+
Coming Up with Hedge Fund Investment Ideas
6 Lectures 30:23

Learn how professional hedge fund investors decide what companies to invest in.

Introduction to Coming Up with Hedge Fund Long (Buy) and Short Ideas.
01:12

Picking a winning stock idea is based on also picking the right sector and the right investment themes. 

Top Down Versus Bottoms Up Hedge Fund Investment Ideas & Themes
02:48

More information on how to complete investment templates (included in this course) to help you improve your buy idea stock picking performance. 

How to Create and Pitch Hedge Fund Long Ideas
04:58

Exercise on how to identify cyclical shorts and secular shorts (and what these concepts mean). More information on how to complete investment templates (included in this course) to help you improve your short idea stock picking performance. 

Preview 06:38

What is technical analysis and why do hedge funds use technical analysis on helping them to decide when to put on or take off a position? Concepts covered in this section includes: the relative strength index, moving averages, trend lines, ascending triangle formations, short interest, stop losses and much more. 

Analyzing Technicals and Stop Losses
14:19

Complete the attached 1 page idea template in PowerPoint format and then save as a PDF. You can use this to impress your current or future potential boss. Please note that I included 2 types of templates to complete. One of the templates includes a section called "technicals," which we covered in the previous lecture. It is important to only use the template that contains the technicals section if you are 100% sure that your boss (or potential boss) uses technicals when deciding to invest in a company. If you are unsure, please be conservative and simply use the template that does not contain technicals. Please let me know if you have any questions. Thanks

Hedge Fund Idea Templates (Use these to impress your boss or potential boss)
00:28
+
Coming Up with Mutual Fund Investment Ideas
3 Lectures 12:08

Learn how professional mutual fund investors decide what companies to invest in.

Introduction to Coming Up with Mutual Fund Long (Buy) Ideas.
01:24

More information on how to complete investment templates (included in this course) to help you improve your buy idea stock picking performance. 

How to Create and Pitch Mutual Fund Long (Buy) Ideas
10:30

Complete the attached 1 page idea template in PowerPoint format and then save as a PDF. You can use this to impress your current or future potential boss. Please let me know if you have any questions. Thanks

Long Only Mutual Fund Template (Use this to Impress your Boss/Potential Boss)
00:14
+
Accounting Part 1 of 3: Income Statement Analysis
5 Lectures 18:37

Why is the income statement important and how can it help you achieve your goals? Once you understand the income statement, balance sheet and cash flow statements (all explained in this course), then we can move on to the modeling and then the valuation section of this course. 

Why is the Income Statement Important & How Can It Help You Achieve Your Goals
01:49

An explanation of the income statement (assumes you have no experience with this topic). 

Preview 03:56

An example of an income statement (attached is an excel version of this statement). 

Preview 08:48

Please find attached the income statement exercise. The instructions for the exercise are listed on the first tab in the attached Excel spreadsheet. When you have completed the exercise, please watch the next lecture for an explanation of the answers. Thanks

Income Statement Analysis Exercise
01:07

A discussion of the income statement exercise results. 

Income Statement Analysis Exercise Answers Explanations
02:57
+
Accounting Part 2 of 3: Balance Sheet Analysis
5 Lectures 15:29

Why is the balance sheet important & how can it help you achieve your goals? Once you understand the income statement, balance sheet and cash flow statements (all explained in this course), then we can move on to the modeling and then the valuation section of this course. 

Why is the Balance Sheet Important & How Can It Help You Achieve Your Goals
01:08

An explanation of the balance sheet (assumes you have no experience with this topic). 

Balance Sheet Explanation
02:04

An example of a balance sheet (attached is an excel version of this statement). 

Balance Sheet Example and Analysis
08:39

Please find attached the balance sheet exercise. The instructions for the exercise are listed on the first tab in the attached Excel spreadsheet. When you have completed the exercise, please watch the next lecture for an explanation of the answers. Thanks

Balance Sheet Analysis Exercise
00:59

A discussion of the balance sheet exercise results. 

Balance Sheet Analysis Exercise Answer Explanations
02:39
+
Accounting Part 3 of 3: Cash Flow Statement Analysis
6 Lectures 15:03

Why is the cash flow statement important & how can it help you achieve your goals? Once you understand the income statement, balance sheet and cash flow statements (all explained in this course), then we can move on to the modeling and then the valuation section of this course. 

Why is the Cash Flow Statement Important+How Can It Help You Achieve Your Goals
01:22

An explanation of the cash flow statement (assumes you have no experience with this topic). 

Cash Flow Statement Explanation
02:08

An example of a cash flows statement (attached is an excel version of this statement). 

Cash Flow Statement Example and Analysis
06:34

Please find attached the cash flow statement exercise. The instructions for the exercise are listed on the first tab in the attached Excel spreadsheet. When you have completed the exercise, please watch the next lecture for an explanation of the answers. Thanks

Cash Flow Statement Analysis Exercise
00:34

A  discussion of the cash flow statement exercise results. 

Cash Flow Statement Analysis Exercise Answer Explanations
02:08

How are the cash flow statement, balance sheet and income statement connected? 

Preview 02:17
18 More Sections
About the Instructor
Chris Haroun
4.5 Average rating
20,251 Reviews
162,068 Students
40 Courses
Award Winning MBA Professor, Venture Capitalist and Author.

** Chris teaches full-time on Udemy; he is the author of the #1 best selling business course on Udemy called "An Entire MBA in 1 Course," which has been purchased by more than 120,000 students in 11 languages in 196 countries.**  He has also published 29 other courses on Udemy.

** According to Business Insider  "Haroun is one of the highest rated professors on Udemy, so you can expect to be in good hands through the course of your education." **

Chris is also the author of the book "101 Crucial Lessons They Don't Teach You in Business School," which Business Insider wrote is "the most popular book of 2016 according to Business Insider readers." In 2015 Forbes called this book "1 of 6 books that all entrepreneurs must read right now."

Chris is also the founder and CEO of Haroun Education Ventures, which has 3 areas of focus: 

1: Online Business Education & Self Development Courses through his subsidiary Udemy publishing platform called "Complete Business Education," 

2: Education Charities and 

3: Edtech Venture Capital.

In addition he is an award winning business school professor, MBA graduate from Columbia University and former Goldman Sachs employee. He has raised/managed over $1bn in his career.

Chris is passionate about educational charities and he is on the board of directors of several tech companies and ‘The Lemo Foundation’, which offers scholarships and mentoring to East Palo Alto students where the high school graduation rate is only 40%. He is also on the board of Providing Opportunities for Women (P.O.W.) which was founded by a few of his business school students. 

He also has work experience at hedge fund giant Citadel, consulting firm Accenture & several firms that he has started, including an investment firm that had a venture capital investment in Facebook several years before the Facebook IPO.

He is a frequent lecturer at several Bay Area business schools including Berkeley, Stanford, The Hult International School of Business and San Francisco State University. Chris also has an undergraduate degree with a major in Management Information Systems and International Business from McGill University where he is a McGill University Dobson Fellow (awarded for his work mentoring McGill students with venture capital start up business models).

Chris has written numerous articles and has been interviewed or profiled in Forbes, Business Insider, Entrepreneur Magazine, VentureBeat, Wired Magazine, AlleyWatch and several television, podcast and radio interviews, including one with Radio Television Hong Kong (RTHK) which is Hong Kong's oldest and sole public service broadcaster. He has his own entrepreneurship column in Inc. magazine.

Chris Haroun's goals are:

1: Access: To help make education accessible and affordable to every person in every country (and without firewalls) by investing in disruptive edTech companies through his company (Haroun Education Ventures).

2: Give: If you work for a charity, Chris is more than happy to give you all of his online business and self development courses for free to every employee at every charity in the world; simply send him a LinkedIn message and he will send you coupons for all of his courses at 100% off. Please include your charity email address in the LinkedIn message (for example, name@charity.org).

3: Edutainment: His passion is to "make business education impactful and entertaining with no boring theory; edutainment works!"

Chris is very passionate about education, education related charities and edTech start-ups/companies as he believes that all problems in the world can be solved via education; please see his recent TEDx Talk on this topic. He lives in Hillsborough, California with his wife Christine and 3 sons who are also passionate about baseball…especially the Toronto Blue Jays! : ) 

Complete Business Education with Chris Haroun
4.5 Average rating
20,251 Reviews
162,068 Students
40 Courses
Publisher of Business and Professional Development Training

Complete Business Education (CBE) with Chris Haroun provides engaging and high quality business and professional development courses for individuals looking to sharpen their business skills and accelerate their careers.  

CBE courses on Udemy have over 130,000 students in 196 countries, including 11 language versions of the highest selling business course on Udemy, called An Entire MBA in 1 Course. 

CBE brings you courses that are affordable, current, entertaining and based on practical work experience instead of theory so that you can immediately apply the concepts taught and take your career to the next level.