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

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Versum Materials (VSM), with a market capitalization of $2.7 billion, enables chipmakers to achieve higher performance at lower cost with enhanced reliability. Versum is a leading global provider of electronic materials for the integrated circuit and flat-panel display markets.