Hedge Fund Manager Salary (March 2024)

Updated September 14, 2023

Average hedge fund manager salary

$135,399

$65.10 hourly rate

Entry-level hedge fund manager salary

$70,000 yearly salary

$70,00010%$135,399Median$261,00090%

How much does a hedge fund manager make?

The average hedge fund manager salary in the United States is $135,399. Hedge fund manager salaries typically range between $70,000 and $261,000 yearly. The average hourly rate for hedge fund managers is $65.1 per hour.

Hedge fund manager salary is impacted by location, education, and experience. Hedge fund managers earn the highest average salary in New York, Connecticut, Rhode Island, Massachusetts, and New Hampshire.

Hedge fund manager salary summary.

The average salary for a hedge fund manager is $135,399 in the US.
The average hedge fund manager salary ranges between $70,000 and $261,000 in the US.
Hedge fund managers' hourly rates in the US typically range between $33 and $125 an hour.
Hedge fund managers earn the highest salaries in New York ($150,289), Connecticut ($149,671), and Rhode Island ($149,618).
Hedge fund manager salaries at Kforce are the highest of any company.
Hedge fund managers in the insurance industry are the highest-paid in the US.

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Hedge fund manager salary by:

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Average hedge fund manager salary by state

The highest-paying states for hedge fund managers are New York, Connecticut, and Rhode Island. The lowest average hedge fund manager salary states are Louisiana, Utah, and Missouri.

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Average Salary:

Highest paying states for hedge fund managers

Rank	State	Avg. Salary	Hourly Rate	Job Count
1	Connecticut	$149,671	$71.96	26
2	New York	$150,289	$72.25	113
3	Delaware	$148,048	$71.18	7
4	Massachusetts	$149,329	$71.79	49
5	Rhode Island	$149,618	$71.93	3
6	Pennsylvania	$136,706	$65.72	69
7	Vermont	$147,702	$71.01	2
8	New Hampshire	$148,815	$71.55	3
9	Michigan	$143,843	$69.16	18
10	Illinois	$136,589	$65.67	69
11	Wisconsin	$130,520	$62.75	32
12	Virginia	$131,883	$63.41	124
13	Nevada	$134,744	$64.78	4
14	Indiana	$123,433	$59.34	36
15	District of Columbia	$146,724	$70.54	8
16	Maine	$135,923	$65.35	1
17	Tennessee	$121,399	$58.36	28
18	New Jersey	$131,278	$63.11	37
19	Minnesota	$131,209	$63.08	11
20	Florida	$124,887	$60.04	61
21	North Carolina	$122,501	$58.89	23
22	New Mexico	$125,997	$60.58	2
23	Alaska	$124,427	$59.82	3
24	Ohio	$115,161	$55.37	53
25	Washington	$122,871	$59.07	24
26	Maryland	$119,700	$57.55	91
27	Texas	$122,422	$58.86	29
28	Oklahoma	$118,874	$57.15	6
29	Wyoming	$110,807	$53.27	4
30	North Dakota	$120,082	$57.73	1
31	Arkansas	$118,882	$57.15	3
32	Georgia	$122,352	$58.82	11
33	Arizona	$118,079	$56.77	13
34	Oregon	$121,698	$58.51	7
35	Iowa	$113,266	$54.45	7
36	Idaho	$116,932	$56.22	2
37	West Virginia	$114,095	$54.85	1
38	California	$106,878	$51.38	137
39	Kentucky	$104,942	$50.45	8
40	Alabama	$113,345	$54.49	1
41	Utah	$99,693	$47.93	16
42	Montana	$105,195	$50.57	2
43	South Carolina	$102,483	$49.27	9
44	South Dakota	$104,357	$50.17	1
45	Kansas	$105,589	$50.76	2
46	Mississippi	$99,060	$47.63	3
47	Colorado	$95,303	$45.82	14
48	Hawaii	$76,520	$36.79	2
49	Nebraska	$100,247	$48.20	2
50	Louisiana	$99,902	$48.03	1
51	Missouri	$99,273	$47.73	4

Highest paying cities for hedge fund managers

The highest-paying cities for hedge fund managers are Rochester, NY, Boston, MA, and Windsor, CT.

Rank	City	Avg. Salary	Hourly Rate	Job Count
1	Rochester, NY	$165,493	$79.56
2	Boston, MA	$164,383	$79.03
3	Windsor, CT	$163,202	$78.46
4	Wilmington, DE	$159,151	$76.51
5	Chicago, IL	$148,002	$71.15
6	Philadelphia, PA	$143,480	$68.98
7	Clifton, NJ	$136,813	$65.78
8	Jacksonville, FL	$135,613	$65.20
9	Bellevue, WA	$127,357	$61.23
10	Dallas, TX	$127,027	$61.07	1
11	Atlanta, GA	$126,212	$60.68
12	Scottsdale, AZ	$121,252	$58.29
13	Evansville, IN	$119,828	$57.61
14	Columbus, OH	$116,217	$55.87
15	Sacramento, CA	$112,473	$54.07
16	Saint Louis, MO	$102,012	$49.04
17	Denver, CO	$95,820	$46.07

Hedge Fund Manager salary details

A hedge fund manager's salary ranges from $70,000 a year at the 10th percentile to $261,000 at the 90th percentile.

Hedge Fund Manager Salary (March 2024) - Zippia (2)

What is a hedge fund manager's salary?

Percentile	Annual Salary	Monthly Salary	Hourly Rate
90th Percentile	$261,000	$21,750	$125
75th Percentile	$191,000	$15,917	$92
Average	$135,399	$11,283	$65
25th Percentile	$95,000	$7,917	$46
10th Percentile	$70,000	$5,833	$34

Highest paying hedge fund manager jobs

The highest paying types of hedge fund managers are investments manager, investment fund manager, and pension fund manager.

Job Title	Annual Salary	Monthly Salary	Hourly Rate	Job Openings
Fund Accountant	$60,203	$5,017	$28.94	35,702
Investments Manager	$116,101	$9,675	$55.82	42,946
Mutual Fund Manager	$68,537	$5,711	$32.95	4,926

Top companies hiring hedge fund managers now:

The Citadel Jobs (1)
Citi Jobs (2)
Goldman Sachs Jobs (3)
Deerfield Management Jobs (1)
Cambridge Associates Jobs (2)

Which companies pay hedge fund managers the most?

Hedge fund manager salaries at Kforce and Robert Half are the highest-paying according to our most recent salary estimates. In addition, the average hedge fund manager salary at companies like Morgan Stanley and Sunrise Foods LLC are highly competitive.

Rank	Company	Average Salary	Hourly Rate
1	Kforce	$162,990	$78.36
2	Robert Half	$148,650	$71.47
3	Morgan Stanley	$144,711	$69.57
4	Sunrise Foods LLC	$142,992	$68.75
5	Santander Private Banking International	$139,404	$67.02
6	Old Mutual	$135,576	$65.18
7	Santander Bank	$134,789	$64.80
8	SG Americas Securities Holdings, LLC	$134,040	$64.44
9		$131,396	$63.17
10		$121,733	$58.53
11	Northern Trust	$119,486	$57.45
12	BMO Capital Markets	$115,555	$55.56
13	Bank of America	$114,336	$54.97
14	Advent Software	$111,901	$53.80
15	Banco Santander	$109,245	$52.52
16	Deloitte	$105,160	$50.56
17	Bunge	$94,992	$45.67
18	Citizens Financial Group	$90,040	$43.29

Hedge Fund Manager salary by industry

The average hedge fund manager salary varies across industries:

The average hedge fund manager salary in the insurance industry is $129,751, the highest of any industry.
The average hedge fund manager salary in the finance industry is $128,465.
Hedge fund managers in the manufacturing industry earn an average salary of $99,875, the lowest of any industry.

Highest paying industries for hedge fund managers

Rank	Industry	Average Salary	Hourly Rate
1	Insurance	$129,751	$62.38
2	Finance	$128,465	$61.76
3	Technology	$120,411	$57.89
4	Manufacturing	$99,875	$48.02

High Paying Hedge Fund Manager Jobs

Hedge Fund Manager salary trends

The average hedge fund manager salary has risen by $16,669 over the last ten years. In 2014, the average hedge fund manager earned $118,730 annually, but today, they earn $135,399 a year. That works out to a 8% change in pay for hedge fund managers over the last decade.

Compare hedge fund manager salaries for cities or states with the national average over time.

Average hedge fund manager salary over time

Compare hedge fund manager salaries for individual cities or states with the national average.

Hedge Fund Manager salary by year

Year	Avg. Salary	Hourly Rate	% Change
2024	$135,000	$65.10	+4.1%
2023	$130,000	$62.44	+1.3%
2022	$128,000	$61.64	+1.7%
2021	$126,000	$60.56	+0.6%
2020	$125,000	$60.20	+0.1%

Recently added hedge fund manager salaries

Company	Job	Location	Date Added	Salary
Jefferies	Hedge Fund Credit Risk Manager	New York, NY	06/29/2023	$130,000
Saragossa	SRE-Create AN IAC Mindset at This Hedge Fund Salary + Bonuses	New York, NY	06/26/2023	$150,000
	Hedge Fund Tax Accounting, Senior Manager	New York, NY	06/23/2023	$130,000
Deloitte	Tax Senior-Financial Services Industries-Hedge Fund Tax	Miami, FL	06/13/2023	$67,900
	Hedge Fund Accounting Associate Manager	New York, NY	06/12/2023	$100,000
Citigroup Inc.	ICM-Hedge Fund (HF) Portfolio Manager, VP	New York, NY	05/16/2023	$125,540
Deloitte	Tax Senior-Financial Services Industries-Hedge Fund Tax	Minneapolis, MN	05/14/2023	$67,900
Deloitte	Tax Senior-Financial Services Industries-Hedge Fund Tax	Philadelphia, PA	05/14/2023	$67,900
IQ-EQ	Manager-Middle Office Hedge Fund Operations	New York, NY	05/05/2023	$90,000
Professional Staffing Group	Hedge Fund Tax Manager (Hybrid Schedule)	Boston, MA	02/08/2023	$110,000

Hedge Fund Manager salary FAQs

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