What is the starting salary for a hedge fund trader? (2024)

What is the starting salary for a hedge fund trader?

The salaries of Hedge Fund Traders in The US range from $6,115 to $1,014,545 with a median salary of $51,991. Most of Hedge Fund Trader make between $43,503 to $55,576.

How much do traders at a hedge fund make?

How much does a Hedge Fund Trader make? As of Mar 30, 2024, the average annual pay for a Hedge Fund Trader in the United States is $88,726 a year. Just in case you need a simple salary calculator, that works out to be approximately $42.66 an hour. This is the equivalent of $1,706/week or $7,393/month.

How much do you get paid first year hedge fund?

What is the minimum salary for a hedge fund?

While ZipRecruiter is seeing annual salaries as high as $122,000 and as low as $11,000, the majority of Hedge Funds salaries currently range between $51,000 (25th percentile) to $100,000 (75th percentile) with top earners (90th percentile) making $114,000 annually across the United States.

Do hedge fund jobs pay well?

While ZipRecruiter is seeing salaries as high as $242,849 and as low as $32,804, the majority of salaries within the Hedge Fund jobs category currently range between $66,587 (25th percentile) to $117,017 (75th percentile) with top earners (90th percentile) making $165,000 annually in California.

Do hedge fund traders make a lot of money?

The money is a big draw as well: if you're at the right fund and you perform well, you can earn into the mid-six-figures, up to $1 million+, even as a junior-level employee. The top individual Portfolio Managers can earn hundreds of millions or billions each year.

How much do top hedge fund traders make?

The most successful hedge fund managers handle billions of dollars in assets for their clients, and their earnings can reach into the billions as well. In 2023, the highest-paid hedge fund manager was Ken Griffin of Citadel, who earned $4.1 billion.

Who is the most well paid hedge fund?

Kenneth Griffin

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

How many hours do hedge funds work?

Hedge fund analysts typically work between 60 and 70 hours a week. Working on the weekend is not common but it certainly does happen from time to time.

Which hedge fund pays the most?

The top earner was Ken Griffin, founder of multistrategy giant Citadel. He personally made $4.1 billion — the most any hedge fund manager has ever earned in the history of the Rich List.

Is it hard to get hired by a hedge fund?

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.

Is hedge fund job stressful?

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.

Where do hedge funds hire from?

Hedge funds employ many reputable headhunters: Glocap, Dynamics Search Partners, SearchOne, Amity, and more. The mega-funds, multi-manager funds, and some single-manager funds all tend to use headhunters.

What majors do hedge funds hire?

A Bachelor of Science (B.S.) degree in finance is ideal for a variety of hedge fund jobs, but your major will matter. Bachelor of Science degrees in mathematics, accounting, physics, computer science, and even engineering are also useful, given the recent rise in algorithmic trading.

Is BlackRock a hedge fund?

BlackRock manages US$38bn across a broad range of hedge fund strategies. With over 20 years of proven experience, the depth and breadth of our platform has evolved into a comprehensive toolkit of 30+ strategies.

How do I become a hedge fund trader?

What do hedge funds do all day?

Work days do tend to follow somewhat of a routine, with market open and close being the most critical. In addition to trading, hedge fund managers must also make sure all of their positions are in order, their models up-to-date, and their business/social lives active to keep investors and brokers happy.

Why are hedge fund owners so rich?

Hedge funds have costly fees that normally include an asset management fee of 1% to 2% and a 20% performance fee on profits. Hedge fund managers eventually end up with more money than their clients because of those fees, so most investors are better off with other investment products.

What are the cons of working at a hedge fund?

Hedge fund work is more specialized than private equity or investment banking, so you have less mobility. The hours don't necessarily change much at each level, and in some ways, PMs have the most stressful jobs of anyone.

Who is the richest hedge fund manager?

What traders make the most money?

As the chart below shows, our survey suggests that macro traders earned the most in combined salary and bonus ($484k) in 2023, followed by credit and equity traders, who were on roughly equivalent $400k average packages, followed by commodities traders on $369k.

How much do Citadel traders make?

The estimated total pay range for a Trader at Citadel Securities is $237K–$423K per year, which includes base salary and additional pay. The average Trader base salary at Citadel Securities is $190K per year.

What is the most successful hedge fund in the US?

Can hedge fund managers make millions?

It is not uncommon for someone with 5 to 10 years of experience (if they last that long) to secure hedge fund salaries that are close to US$ 1 million per year. If you start your own hedge fund, though, hedge fund salaries get a little more complicated.

How many hours 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.