Have you ever wondered how much early-career-stage hedge fund professionals really make in the U.S.? Well, that depends very much on the type of firm you work for. You may not have realized how wide the variance really is.
For modelers and researchers in their first year on the job at a hedge fund, but who likely have a couple of years of investment banking experience and perhaps an advanced degree, their base salary can range from $80k at a small bottom-performing fund to $250k at a large top-performing fund. Their bonus can range from $45k at a small bottom-performing fund to $393k at a large top-performing fund, according to the 2016 Glocap Hedge Fund Compensation Report.
That equates to a total cash compensation range of $125k at a small bottom-performing fund to $643k at a large top-performing fund, according Glocap. As a general rule, large hedge funds pay more.
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