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.
$211K (Median Total Pay)
The average Portfolio Manager base salary at Citadel is $159K per year. The average additional pay is $52K per year, which could include cash bonus, stock, commission, profit sharing or tips.
The 2 and 20 is a hedge fund compensation structure consisting of a management fee and a performance fee. 2% represents a management fee which is applied to the total assets under management. A 20% performance fee is charged on the profits that the hedge fund generates, beyond a specified minimum threshold.
Total Salary Range for Fidelity Investments Project Manager
The estimated total pay range for a Project Manager at Fidelity Investments is $118K–$190K per year, which includes base salary and additional pay. The average Project Manager base salary at Fidelity Investments is $113K per year.
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.
Citadel Salary FAQs
The highest-paying job at Citadel is a Managing Director with a salary of $930,152 per year (estimate). The lowest-paying job at Citadel is a Front Desk Receptionist with a salary of $43,893 per year (estimate).
While ZipRecruiter is seeing annual salaries as high as $187,500 and as low as $37,000, the majority of Quantitative Portfolio Manager salaries currently range between $65,500 (25th percentile) to $130,000 (75th percentile) with top earners (90th percentile) making $153,500 annually across the United States.
The highest-paying job at Citadel is a Executive Accountant with a salary of ₹2.5 Lakhs per year. The top 10% of employees earn more than ₹53.60 lakhs per year. The top 1% earn more than a whopping ₹631.35 lakhs per year.
Hedge fund managers typically earn above-average compensation, often from a two-and-twenty fee structure. Hedge fund managers typically specialize in a particular investment strategy that they then use to power their fund portfolio's mandate for profits.
It is not uncommon for someone with 5 to 10 years of experience (if they last that long) to secure hedge fund salaries that are close to US$ 1 million per year. If you start your own hedge fund, though, hedge fund salaries get a little more complicated.
How much do small hedge fund managers make?
Small Hedge Fund Salary. $59,000 is the 25th percentile. Salaries below this are outliers. $160,000 is the 90th percentile.
The average range for the Facebook product manager salary is $95,000 to $252,000. Since most Facebook product managers have years of experience, their salaries are the national average.
$423K (Median Total Pay)
The estimated total pay range for a Group Product Manager at Microsoft is $340K–$541K per year, which includes base salary and additional pay. The average Group Product Manager base salary at Microsoft is $249K per year.
The average salary for Portfolio-Manager is ₹58,33,738 per year in the India. The average additional cash compensation for a Portfolio-Manager in the India is ₹44,08,738, with a range from ₹5,76,000 - ₹1,58,33,240.
$155K. The estimated total pay for a Portfolio-Manager is $154,959 per year in the United States area, with an average salary of $115,252 per year.
Many people are drawn to the hedge fund career path because of the money: even junior-level employees can earn $500K up to $1 million, and senior-level Portfolio Managers can go well beyond that.
Risk: All else being equal, hedge funds are probably riskier because they do not control the assets they trade, and it's very difficult to beat, or even match, the performance of the public markets.
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.
Is it hard to get hired at Citadel? Glassdoor users rated their interview experience at Citadel as 46.3% positive with a difficulty rating score of 3.30 out of 5 (where 5 is the highest level of difficulty).
How much do quants at BlackRock make?
Average BlackRock Quantitative Analyst yearly pay in the United States is approximately $144,512, which is 19% above the national average. Salary information comes from 12 data points collected directly from employees, users, and past and present job advertisem*nts on Indeed in the past 36 months.
The estimated total pay range for a Quant at Goldman Sachs is $127K–$237K per year, which includes base salary and additional pay. The average Quant base salary at Goldman Sachs is $132K per year. The average additional pay is $37K per year, which could include cash bonus, stock, commission, profit sharing or tips.
Quant trading strategies, which use mathematical models and algorithms to generate trading signals, have helped traders make millions of dollars in the stock market. Some of the most successful quant traders in the world have reportedly made billions of dollars for their investors.
The average Two Sigma hourly pay ranges from approximately $35 per hour (estimate) for a Recruiting Coordinator to $115 per hour (estimate) for a Software Engineer. Two Sigma employees rate the overall compensation and benefits package 4.5/5 stars.
The Citadel, The Military College of South Carolina is ranked #2 out of 136 Regional Universities South. Schools are ranked according to their performance across a set of widely accepted indicators of excellence.
