Hedge Fund Pay Set To Rise, But Employees Still Not Happy

Dec 16 2009 | 12:33am ET

As bankers on both sides of the Atlantic worry about government moves to reduce—or take their share—of their pay, hedge fund employees are breathing easier this holiday season.

Most of those working for hedge funds say they expect a decent pay hike this year, according to a report from Hedge Fund Job Search Digest. But that’s not to say that they are happy with the compensation.

More than 60% of hedge fund employees say they aren’t happy with their pay, including more than 80% of analysts. Back-office staff were much more satisfied with their remuneration.

Still, the average hedge fund employee is expected to make almost $300,000 this year. More than 7% expect to make more than $1 million. More than a quarter say their pay will rise 15% from last year, with 9% expecting to double their compensation from 2008.

But that comes at a price: Just 25% of hedge fund employees say their work/life balance was “good.” The average hedge fund staffer works between 50 and 60 hours a week, according to the survey.


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.