How much does a PM at a hedge fund make? (2024)

How much does a PM at a hedge fund make?

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.

What is the highest paying job in a hedge fund?

What does a PM at a hedge fund do?

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.

How much does a mutual fund PM make?

Earnings. In 2019, portfolio managers earned salaries that ranged from $99,750 to $189,750, according to Robert Half's 2020 Salary Guide: Accounting and Finance. Managers at top funds can earn more than $500,000 a year.

How much does a VP at a hedge fund make?

As of Apr 13, 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.

Who is the richest hedge fund manager?

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.

How much does a Fidelity PM make?

Total Salary Range for Fidelity Investments Project Manager

The average Project Manager base salary at Fidelity Investments is $122K per year. The average additional pay is $33K per year, which could include cash bonus, stock, commission, profit sharing or tips.

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 many hours a day 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.

How much do top hedge fund managers make?

The median manager earned $570 million — the fourth best in 22 years — and the seven highest earners all made at least $1 billion. 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.

What is the highest salary of a fund manager?

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 268 latest salaries received from Fund Managers.

What is the highest salary for a portfolio manager?

Portfolio Manager salary in India ranges between ₹ 3.0 Lakhs to ₹ 35.0 Lakhs with an average annual salary of ₹ 12.3 Lakhs. Salary estimates are based on 3k latest salaries received from Portfolio Managers. 1 - 18 years exp.

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.

How much do quants make at hedge funds?

As of Apr 13, 2024, the average annual pay for the Hedge Fund Quant jobs category in the United States is $169,729 a year. Just in case you need a simple salary calculator, that works out to be approximately $81.60 an hour. This is the equivalent of $3,264/week or $14,144/month.

How much does a coo of a hedge fund make?

Who is the billionaire hedge fund guy?

Real Time Net Worth

Ken Griffin founded and runs Citadel, a Miami-based hedge fund firm that manages $59 billion in assets.

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.

What degree do hedge fund managers get?

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.

What do hedge fund managers do all day?

In terms of everyday responsibilities, the main duties of a fund manager include building financial models, meeting with clients, and analysing investments. At a higher level, they oversee the hedge fund's daily operations. This might include risk management, marketing, sales, and cash flow forecasting.

Are there any female hedge fund managers?

Women in the hedge fund industry have made historic strides recently: In just the past year, hedge fund launches by women gained momentum, and two female hedge fund managers raised more than $1 billion each in assets, setting records for capital raised by women-led hedge funds.

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.

What is the highest paying job at Fidelity?

Some of the highest wages a worker can make at Fidelity Investments are in the job titles Director Of Software Engineering ($169,308), and title Principal Software Developer ($160,725) which are the highest paying jobs at Fidelity Investments.

Do portfolio managers make a lot of money?

The average annual base salary for a portfolio manager in the U.S., as of December 2023, was $128,350, according to Glassdoor. Portfolio managers must meet with clients at least annually to review investment objectives and asset allocations.

How do fund managers get paid?

Most mutual fund managers get a base salary each year, plus other forms of compensation that bring them well beyond that. Compensation comes from a base salary, fulcrum fees, deferred compensation plans, equity and stock options, performance bonuses for the company and teams, and nonmonetary benefits.