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

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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.

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.

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.

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 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.

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.

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.

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.

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.

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.

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.

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.

₹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.

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.

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.

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.