How much does a VP of a hedge fund make?
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).
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).
While ZipRecruiter is seeing salaries as high as $280,152 and as low as $69,499, the majority of Vice President Of Finance salaries currently range between $147,100 (25th percentile) to $213,900 (75th percentile) with top earners (90th percentile) making $255,908 annually in Los Angeles.
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.
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.
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.
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.
Average JPMorgan Chase & Co Vice President of Finance yearly pay in the United States is approximately $117,281, which is 23% below the national average.
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $244,500 | $118 |
| 75th Percentile | $190,000 | $91 |
| Average | $157,532 | $76 |
| 25th Percentile | $115,000 | $55 |
The average Vice President in the US makes $220,326. The average bonus for a Vice President is $44,677 which represents 25.44% of their salary, with 90% of people reporting that they receive a bonus each year.
Do hedge fund managers make millions?
Successful hedge fund managers routinely pocket millions of dollars in total compensation, with the top fund managers earning paychecks in the billions of US dollars[1]. This doesn't include how much they personally stand to benefit from their own investments in the funds they manage.
In 2007 he became the youngest billionaire in the U.S. Chase Coleman founded a hedge fund Tiger Global Management at the age of 26. In 2023 his wealth is estimated to be $8.5 billion.
In total, Forbes counts 47 hedge fund billionaires who have a combined net worth of $312 billion, up slightly from the same number in 2022 who were worth $310 billion.
As of Mar 15, 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.
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.
| City | Annual Salary | Hourly Wage |
|---|---|---|
| Berkeley, CA | $199,019 | $95.68 |
| Renton, WA | $193,420 | $92.99 |
| Santa Monica, CA | $191,873 | $92.25 |
| Daly City, CA | $188,347 | $90.55 |
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.
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.
But even after that first year you get up to speed, the stress/hours don't end. If you are at a fund like a multimanager hedge fund where every day you either make money or you don't and your investment horizon is very short, the job will be extremely stressful.
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.
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.
The average Vice President base salary at Chase is $152K per year. The average additional pay is $36K per year, which could include cash bonus, stock, commission, profit sharing or tips.
$317K (Median Total Pay)
The average Vice President Private Banker base salary at J.P. Morgan is $202K per year. The average additional pay is $115K per year, which could include cash bonus, stock, commission, profit sharing or tips.
$374K (Median Total Pay)
The estimated total pay range for a Investment Banking Vice President at J.P. Morgan is $285K–$502K per year, which includes base salary and additional pay. The average Investment Banking Vice President base salary at J.P. Morgan is $218K per year.
