What is a PM in a hedge fund salary?
Pay at this level depends almost 100% on performance, which means that PMs could make a few hundred thousand USD… up to $1 million or even $10 million+. On average, though, a PM at a mid-sized fund that performs decently might earn between $500K and $3 million.
| Total compensation | Title | Experience |
|---|---|---|
| $750,000 - $1,000,000 | Analyst | 5+ years |
| $1,000,000 - $3,000,000 | Experienced Analyst | - |
| $1,000,000 - $3,000,000 | Junior Portfolio Manager | - |
| $3,000,000 - $10,000,000 | Portfolio Manager | - |
A portfolio manager is a person or group of people responsible for investing a fund's assets, implementing the fund's investment strategies, and managing day-to-day portfolio management. Portfolio managers can take an active or passive management role.
Average Citadel Portfolio Manager yearly pay in the United States is approximately $236,000, which is 158% above the national average.
The estimated total pay range for a PM at Point72 is $170K–$267K per year, which includes base salary and additional pay.
The estimated total pay for a Project Manager, Investment Banking is $245,140 per year in the United States area, with an average salary of $144,125 per year.
| Job Title | Annual Salary | Monthly Pay |
|---|---|---|
| Hedge Fund Attorney | $175,207 | $14,600 |
| Cfo Hedge Fund | $157,532 | $13,127 |
| Private Equity Fund Controller | $154,999 | $12,916 |
| Hedge Fund General Counsel | $151,643 | $12,636 |
The average annual base salary for a portfolio manager in the U.S., as of December 2023, was $128,350, according to Glassdoor. According to U.S. Census Bureau data, the median pay for financial managers in 2022 was $139,790.
Portfolio managers are financial professionals who work for wealth management firms, pension funds, foundations, insurance companies, banks, hedge funds and other organizations in the securities industry. They oversee the daily management of investment portfolios on behalf of individual or institutional clients.
A portfolio manager in a private equity firm may be called a private equity manager, but the job is essentially the same: Take available funds from the firm, and invest them in a way that increases profits. They may also handle clients' portfolios and source new clients for the firm.
What is the highest paid job at Citadel?
Citadel Salary FAQs
The highest-paying job at Citadel is a Managing Director with a salary of $929,607 per year (estimate).
The average Citadel salary ranges from approximately $75,536 per year for Operations Analyst to $245,076 per year for Senior Researcher. Average Citadel hourly pay ranges from approximately $28.14 per hour for Recruiting Coordinator to $28.19 per hour for Intern.
The estimated total pay range for a Quantitative Trader at Citadel is $252K–$418K per year, which includes base salary and additional pay. The average Quantitative Trader base salary at Citadel is $195K per year.
Some PM Directors can be paid as low as $130,000/year or as high as $300,000/year. While the salaries of PM Directors and Product Leaders are similar, PM Directors receive significantly more generous stock option packages, especially at FAANG companies.
The estimated total pay range for a Group Product Manager at Microsoft is $341K–$543K per year, which includes base salary and additional pay. The average Group Product Manager base salary at Microsoft is $250K per year.
$126K (Median Total Pay)
The estimated total pay range for a Product Manager at Netflix is $99K–$161K per year, which includes base salary and additional pay. The average Product Manager base salary at Netflix is $126K per year.
The estimated total pay range for a Portfolio Manager at BlackRock is $217K–$361K per year, which includes base salary and additional pay. The average Portfolio Manager base salary at BlackRock is $208K per year.
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $145,075 | $12,089 |
| 75th Percentile | $116,000 | $9,666 |
| Average | $93,325 | $7,777 |
| 25th Percentile | $83,900 | $6,991 |
Fund Manager salary in India ranges between ₹ 3.0 Lakhs to ₹ 93.0 Lakhs with an average annual salary of ₹ 30.3 Lakhs. Salary estimates are based on 270 latest salaries received from Fund Managers.
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.
Do 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.
Compensation spans a huge range at this level because it's linked almost 100% to performance. We gave a range of $500K to $3 million USD in the hedge fund career path article for the “average” PM, with median pay in the high-six-figure-to-low-seven-figure range.
- Earn a bachelor's degree relevant to finance. ...
- Obtain experience in the financial industry. ...
- Pursue a graduate degree in finance. ...
- Gain experience as an analyst. ...
- Earn certification and licensure. ...
- Join professional organizations or associations. ...
- Apply for a portfolio manager position.
$245K (Median Total Pay)
The estimated total pay range for a Portfolio Manager at Citadel is $184K–$333K per year, which includes base salary and additional pay.
A portfolio manager (PM) is a professional responsible for making investment decisions and carrying out investment activities on behalf of vested individuals or institutions. Clients invest their money into the PM's investment policy for future growth, such as a retirement fund, endowment fund, or education fund.
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