Thiel Changes Tune On College

May 17 2012 | 9:56am ET

It seems that Peter Thiel doesn't always think a pricey college education is such a bad thing.

A year after making a splash by creating a fellowship program for 20 would-be entrepreneurs under the age of 20—with the express requirement that they drop out of college—Thiel's new hedge fund is looking for analysts. And they better not have dropped out before they turned 20.

San Francisco-based Thiel Capital posted a job listing on LinkedIn for an investment analyst for a new global macro fund it is incubating. In addition to two to three years' experience, the posting said the ideal candidate would have a "high GPA from top-tier university."

At least it did before Slate's Matt Yglesia pointed out the seeming hypocrisy—seeming, of course, because there's a difference between an entrepreneur and a junior hedge fund analyst. As of today, Thiel specifies that "no college degree is required." Of course, the ideal candidate would still have "quantitative skills in a field such as computer science, mathematics, statistics, physics or engineering." The ad does not indicate where, outside of a college, one might acquire such skills, but if you've managed it, get your résumé ready.


In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of