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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...