Hedge Fund Manager Salary (May 2024) - Zippia (2024)

Average hedge fund manager salary

$135,399

$65.1 hourly rate

Entry-level hedge fund manager salary

$70,000 yearly salary

Updated April 25, 2024

How much does a hedge fund manager make?

The average hedge fund manager salary in the United States is $135,399. Hedge fund manager salaries typically range between $70,000 and $261,000 yearly. The average hourly rate for hedge fund managers is $65.1 per hour. Hedge fund manager salary is impacted by location, education, and experience. Hedge fund managers earn the highest average salary in New York.

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Hedge fund manager salary by:

  • State
  • City
  • Company
  • Industry
  • Trends

Where can a Hedge Fund Manager earn more?

Compare salary by company

Vs

180k

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Kforce$162,990

Citizens Financial Group$90,040

Hedge Fund Manager salary estimates from across the web

Based on the latest salary information compiled by Zippia, Salary.com, Comparably and Payscale, the average salary for a hedge fund manager typically falls between $105,450 and $145,816.

zippia

$135,399yearly

comparably[1]

$105,450yearly

Salary.com[2]

$139,733yearly

payscale[3]

$145,816yearly

Average hedge fund manager salary by state

The average hedge fund manager salary in New York, Connecticut, and Rhode Island are the highest in the U.S. The lowest average hedge fund manager salary states are Louisiana, Utah, and Missouri.

  • State View
  • County View

Average Salary:

Hedge Fund Manager Salary (May 2024) - Zippia (1)

Highest paying states for hedge fund managers

RankStateAvg. SalaryHourly Rate
1Connecticut$149,671$71.96
2New York$150,289$72.25
3Delaware$148,048$71.18
4Massachusetts$149,329$71.79
5Rhode Island$149,618$71.93
6Pennsylvania$136,706$65.72
7Vermont$147,702$71.01
8New Hampshire$148,815$71.55
9Michigan$143,843$69.16
10Illinois$136,589$65.67
11Wisconsin$130,520$62.75
12Virginia$131,883$63.41
13Nevada$134,744$64.78
14Indiana$123,433$59.34
15District of Columbia$146,724$70.54
16Maine$135,923$65.35
17Tennessee$121,399$58.36
18New Jersey$131,278$63.11
19Minnesota$131,209$63.08
20Florida$124,887$60.04
21North Carolina$122,501$58.89
22New Mexico$125,997$60.58
23Alaska$124,427$59.82
24Ohio$115,161$55.37
25Washington$122,871$59.07
26Maryland$119,700$57.55
27Texas$122,422$58.86
28Oklahoma$118,874$57.15
29Wyoming$110,807$53.27
30North Dakota$120,082$57.73
31Arkansas$118,882$57.15
32Georgia$122,352$58.82
33Arizona$118,079$56.77
34Oregon$121,698$58.51
35Iowa$113,266$54.45
36Idaho$116,932$56.22
37West Virginia$114,095$54.85
38California$106,878$51.38
39Kentucky$104,942$50.45
40Alabama$113,345$54.49
41Utah$99,693$47.93
42Montana$105,195$50.57
43South Carolina$102,483$49.27
44South Dakota$104,357$50.17
45Kansas$105,589$50.76
46Mississippi$99,060$47.63
47Colorado$95,303$45.82
48Hawaii$76,520$36.79
49Nebraska$100,247$48.20
50Louisiana$99,902$48.03
51Missouri$99,273$47.73

Top hedge fund manager jobs near you

Highest paying cities for hedge fund managers

The highest-paying cities for hedge fund managers are Rochester, NY, Boston, MA, and Windsor, CT.

RankCityAvg. SalaryHourly Rate
1Rochester, NY$165,493$79.56
2Boston, MA$164,383$79.03
3Windsor, CT$163,202$78.46
4Wilmington, DE$159,151$76.51
5Chicago, IL$148,002$71.15
6Philadelphia, PA$143,480$68.98
7Clifton, NJ$136,813$65.78
8Jacksonville, FL$135,613$65.20
9Bellevue, WA$127,357$61.23
10Dallas, TX$127,027$61.07
11Atlanta, GA$126,212$60.68
12Scottsdale, AZ$121,252$58.29
13Evansville, IN$119,828$57.61
14Columbus, OH$116,217$55.87
15Sacramento, CA$112,473$54.07
16Saint Louis, MO$102,012$49.04
17Denver, CO$95,820$46.07

Hedge Fund Manager salary details

A hedge fund manager's salary ranges from $70,000 a year at the 10th percentile to $261,000 at the 90th percentile.

Hedge Fund Manager Salary (May 2024) - Zippia (2)

What is a hedge fund manager's salary?

PercentileAnnual SalaryMonthly SalaryHourly Rate
90th Percentile$261,000$21,750$125
75th Percentile$191,000$15,917$92
Average$135,399$11,283$65
25th Percentile$95,000$7,917$46
10th Percentile$70,000$5,833$34

Highest paying hedge fund manager jobs

The highest paying types of hedge fund managers are investments manager, investment fund manager, and pension fund manager.

Job TitleAnnual SalaryMonthly SalaryHourly RateJob Openings
Fund Accountant$60,203$5,017$28.9435,702
Investments Manager$116,101$9,675$55.8242,946
Mutual Fund Manager$68,537$5,711$32.954,926

Top companies hiring hedge fund managers now:

  1. The Citadel Jobs (1)
  2. Citi Jobs (2)
  3. Goldman Sachs Jobs (3)
  4. Deerfield Management Jobs (1)
  5. Cambridge Associates Jobs (2)

Which companies pay hedge fund managers the most?

Hedge fund manager salaries at Kforce and Robert Half are the highest-paying according to our most recent salary estimates. In addition, the average hedge fund manager salary at companies like Morgan Stanley and Sunrise Foods LLC are highly competitive.

RankCompanyAverage SalaryHourly Rate
1Kforce$162,990$78.36
2Robert Half$148,650$71.47
3Morgan Stanley$144,711$69.57
4Sunrise Foods LLC$142,992$68.75
5Santander Private Banking International$139,404$67.02
6Old Mutual$135,576$65.18
7Santander Bank$134,789$64.80
8SG Americas Securities Holdings, LLC$134,040$64.44
9$131,396$63.17
10$121,733$58.53
11Northern Trust$119,486$57.45
12BMO Capital Markets$115,555$55.56
13Bank of America$114,336$54.97
14Advent Software$111,901$53.80
15Banco Santander$109,245$52.52
16Deloitte$105,160$50.56
17Bunge$94,992$45.67
18Citizens Financial Group$90,040$43.29

Wage gap by gender, race and education

$138,000$134,200$130,400$126,600$122,800$119,000

MaleFemale

Hedge Fund Manager salary by industry

The average hedge fund manager salary varies across industries:

  • The average hedge fund manager salary in the insurance industry is $129,751, the highest of any industry.
  • The average hedge fund manager salary in the finance industry is $128,465.
  • Hedge fund managers in the manufacturing industry earn an average salary of $99,875, the lowest of any industry.

Highest paying industries for hedge fund managers

RankIndustryAverage SalaryHourly Rate
1Insurance$129,751$62.38
2Finance$128,465$61.76
3Technology$120,411$57.89
4Manufacturing$99,875$48.02

High Paying Hedge Fund Manager Jobs

Hedge Fund Manager salary trends

The average hedge fund manager salary has risen by $16,669 over the last ten years. In 2014, the average hedge fund manager earned $118,730 annually, but today, they earn $135,399 a year. That works out to a 8% change in pay for hedge fund managers over the last decade.

Compare hedge fund manager salaries for cities or states with the national average over time.

Average hedge fund manager salary over time

Compare hedge fund manager salaries for individual cities or states with the national average.

    Hedge Fund Manager salary by year

    YearAvg. SalaryHourly Rate% Change
    2024$135,000$65.10+4.1%
    2023$130,000$62.44+1.3%
    2022$128,000$61.64+1.7%
    2021$126,000$60.56+0.6%
    2020$125,000$60.20+0.1%

    Show more

    Recently added hedge fund manager salaries

    CompanyJobLocationDate AddedSalary
    JefferiesHedge Fund Credit Risk ManagerNew York, NY06/29/2023$130,000
    SaragossaSRE-Create AN IAC Mindset at This Hedge Fund Salary + BonusesNew York, NY06/26/2023$150,000
    Hedge Fund Tax Accounting, Senior ManagerNew York, NY06/23/2023$130,000
    DeloitteTax Senior-Financial Services Industries-Hedge Fund TaxMiami, FL06/13/2023$67,900
    Hedge Fund Accounting Associate ManagerNew York, NY06/12/2023$100,000
    Citigroup Inc.ICM-Hedge Fund (HF) Portfolio Manager, VPNew York, NY05/16/2023$125,540
    DeloitteTax Senior-Financial Services Industries-Hedge Fund TaxMinneapolis, MN05/14/2023$67,900
    DeloitteTax Senior-Financial Services Industries-Hedge Fund TaxPhiladelphia, PA05/14/2023$67,900
    IQ-EQManager-Middle Office Hedge Fund OperationsNew York, NY05/05/2023$90,000
    Professional Staffing GroupHedge Fund Tax Manager (Hybrid Schedule)Boston, MA02/08/2023$110,000

    Show more

    Hedge Fund Manager salary FAQs

    Have more questions?

    See all answers to common executive management questions.

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    Hedge Fund Manager Related Salaries

    • Fund Accountant Salary
    • Investment Fund Manager Salary
    • Investments Manager Salary
    • Mutual Fund Manager Salary

    Hedge Fund Manager Related Careers

    • Fund Accountant
    • Investment Fund Manager
    • Investments Manager
    • Mutual Fund Manager
    • Pension Fund Manager

    Hedge Fund Manager Related Jobs

    • Investment Fund Manager
    • Pension Fund Manager

    What Similar Roles Do

    • What Does a Fund Accountant Do
    • What Does an Investment Fund Manager Do
    • What Does an Investments Manager Do
    • What Does a Mutual Fund Manager Do
    • Zippia Careers
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    • Hedge Fund Manager
    • Hedge Fund Manager Salary

    Updated April 25, 2024

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    Hedge Fund Manager Salary (May 2024) - Zippia (2024)

    FAQs

    Hedge Fund Manager Salary (May 2024) - Zippia? ›

    Hedge fund managers typically earn above-average compensation, often from a two-and-twenty fee structure. Hedge fund managers typically specialize in a particular investment strategy that they then use to power their fund portfolio's mandate for profits.

    What is the average salary for a hedge fund manager? ›

    See Hedge Fund Salaries
    Median
    Hedge Fund ManagerSalaryUS$ 200,000
    BonusUS$ 1,000,000
    TotalUS$ 1,300,000
    22 more rows

    Why are hedge fund managers so rich? ›

    Hedge fund managers typically earn above-average compensation, often from a two-and-twenty fee structure. Hedge fund managers typically specialize in a particular investment strategy that they then use to power their fund portfolio's mandate for profits.

    How to become a hedge fund manager in India? ›

    Professional Certification Courses to Become a Hedge Fund Manager
    1. Chartered Financial Analyst (CFA) Chartered Financial Analyst (CFA) is one of India's most sought-after finance courses after graduation. ...
    2. Chartered Alternative Investment Analyst (CAIA) ...
    3. Financial Risk Manager (FRM)

    What does a hedge fund manager do? ›

    A hedge fund manager is responsible for overseeing investment accounts, typically at a hedge fund. They help investors manage investments, tracking liquidity and giving advice about fees. In addition to direct associations with a hedge fund, fund manager jobs are found in environments including: Asset management firms.

    What is the salary of a VP in a hedge fund? ›

    While ZipRecruiter is seeing annual salaries as high as $277,500 and as low as $43,500, the majority of Vice President Of Hedge Funds salaries currently range between $115,000 (25th percentile) to $190,000 (75th percentile) with top earners (90th percentile) making $244,500 annually across the United States.

    Who is the highest paid hedge fund manager of all time? ›

    Who Is the Richest Hedge Fund Manager? Ken Griffin of Citadel is both the richest hedge fund manager and the highest paid. In 2022, he earned $41. billion, and by the beginning of 2023 his net worth was estimated at $35 billion.

    Is it stressful to be a hedge fund manager? ›

    Long and stressful days

    The day for hedge fund managers is very long and full of stressful hours. The end of the market day doesn't necessarily mean that they are done for the day. Many hedge fund managers run positions in overnight markets so they will need to monitor those trades, often late into the night.

    How many hours a week do hedge fund managers work? ›

    Hedge Fund Analyst Hours and Lifestyle

    At smaller, single-manager funds, the average might be 10-12 hours per day, for a total of 50-60 hours per week (weekend work is rare). As you move to larger, multi-manager funds, the hours and stress get worse, so the average may be more like 60-70 hours per week.

    Who is the most profitable hedge fund? ›

    Citadel has now made $74 billion for investors since its inception in 1990, more than any other hedge fund firm.

    What degree do most hedge fund managers have? ›

    Hedge fund managers often have a master's degree or even a Ph. D. in finance, mathematics, economics, financial engineering, quantitative finance, programming, marketing, or business administration. Others have advanced degrees in a specialty such as engineering or accounting.

    Do you need an MBA to be a hedge fund manager? ›

    While you can become a hedge fund manager with a bachelor's degree related to finance or mathematics, many employers prefer candidates who have a Master of Business Administration degree.

    How much commission do hedge fund managers make? ›

    The 2 and 20 is a hedge fund compensation structure consisting of a management fee and a performance fee. 2% represents a management fee which is applied to the total assets under management. A 20% performance fee is charged on the profits that the hedge fund generates, beyond a specified minimum threshold.

    Can hedge fund managers make millions? ›

    The top individual Portfolio Managers can earn hundreds of millions or billions each year. Hedge funds offer a much higher pay ceiling than investment banking, (sometimes) better hours and work/life balance, and the chance to do more interesting work.

    How do hedge fund managers become billionaires? ›

    They pay managers handsomely.

    So if the fund manages $1 billion and it generates a 25% return ($250 million), the manager is paid 2% of $1 billion ($20 million), plus 20% of the returns exceeding a 5% hurdle, or $40 million. This is how successful managers of big hedge funds become billionaires.

    What is a hedge fund manager's salary? ›

    ₹13L - ₹14L/yr. 1 salary. The average salary for Hedge Fund Manager is ₹17,53,843 per year in the India. The average additional cash compensation for a Hedge Fund Manager in the India is ₹4,00,954, with a range from ₹3,84,896 - ₹4,17,012.

    How much do hedge fund managers get? ›

    Standard fee arrangements

    Hedge funds charge clients a fee that is 2% of the assets that they manage, and they take a 20% slice of the profits as an incentive fee. The two and twenty arrangement has enabled prominent hedge fund managers to become very wealthy.

    Do hedge fund jobs pay well? ›

    Many people are drawn to the hedge fund career path because of the money: even junior-level employees can earn $500K up to $1 million, and senior-level Portfolio Managers can go well beyond that.

    How much does the CEO of a hedge fund make? ›

    What is the average salary for a Chief Executive Officer at Hedge Fund Group in the United States? Based on our data, it appears that the optimal compensation range for a Chief Executive Officer at Hedge Fund Group is between $508,173 and $841,009, with an average salary of $665,862.

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