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

FAQs

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

The estimated total pay for a Hedge Fund Manager is $226,187 per year, with an average salary of $132,282 per year. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users.

The estimated total pay for a Hedge Fund Manager is $226,187 per year, with an average salary of $132,282 per year. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users.

As of Jul 23, 2024, the average annual pay for a Vice President Of Hedge Funds in the United States is $157,532 a year. Just in case you need a simple salary calculator, that works out to be approximately $75.74 an hour. This is the equivalent of $3,029/week or $13,127/month.

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.

To that point, of the 15,000 portfolio managers tracked by Citywire, the average age is 49 and 89 percent are men. The age range is extreme, with the oldest coming in at a respectable 77 and the youngest being 24 years old. In this ranking, Citywire looked at 20 of the top managers worldwide who are age 40 and under.

In 2023, the five highest-paid hedge fund managers were Ken Griffin of Citadel, Izzy Englander of Millennium Management, Steve Cohen of Point72 Asset Management, David Tepper of Appaloosa Management, and James Simon of Renaissance Technologies.

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.

Depending on the size of the hedge fund company, the portfolio manager might be the person at the top or one of several. Their job is to create the overall strategy for their assets under management (the money invested in the fund).

Kenneth Griffin

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

Private Equity Vice President Salary in California. $113,500 is the 25th percentile. Salaries below this are outliers. $187,500 is the 75th percentile.

Who is the richest hedge fund owner? ›

Long and stressful days

The day for hedge fund managers is very long and full of stressful hours.

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.

They found that the median age of a hedge fund manager is 48. The majority of hedge fund managers are between 40 and 60 years of age.

Very High Confidence means the data is based on a large number of latest salaries. Fund Manager salary in India ranges between ₹ 3.0 Lakhs to ₹ 93.0 Lakhs with an average annual salary of ₹ 26.4 Lakhs. Salary estimates are based on 289 latest salaries received from Fund Managers.

Investment fund managers are enterprising and conventional

They also tend to be conventional, meaning that they are usually detail-oriented and organized, and like working in a structured environment. If you are one or both of these archetypes, you may be well suited to be an investment fund manager.

Hedge funds seem to rake in billions of dollars a year for their professional investment acumen and portfolio management across a range of strategies. Hedge funds make money as part of a fee structure paid by fund investors based on assets under management (AUM).

$33,500 is the 25th percentile. Salaries below this are outliers. $44,500 is the 75th percentile.

Hedge funds employ some of the best-paid business professionals anywhere, but landing your first job in the industry is no cakewalk. Building a hedge fund career takes determination, networking stamina, and a fierce competitive streak. Here are some steps to help get you to that interview and then land that job.