Hedge Fund Manager Salary (June 2023)

Updated April 6, 2023

Hedge Fund Manager Salary Estimate

$135,399

To create our salary estimates, Zippia starts with data published in publicly available sources such as the U.S. Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC) Show More

$65.10 hourly

Entry level Salary

$70,000 yearly

$70,00010%

$135,399Median

$261,00090%

How much does a Hedge Fund Manager make?

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

Location, education, and experience impacts how much a hedge fund manager can expect to make. Hedge fund managers make the most in New York, Connecticut, Rhode Island, Massachusetts, and New Hampshire.

Research 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.
Hourly rates for hedge fund managers in the US typically range between $33 and $125 an hour.
The average hedge fund manager salary is $150,289 in New York, $149,671 in Connecticut, and $149,618 in Rhode Island. These are the three highest-paying states for hedge fund managers in the US.
Kforce has the highest average salary for hedge fund managers.
Insurance is the highest-paying industry for hedge fund managers in the US.

Highest Paying States For Hedge Fund Managers

Throughout the U.S., the average salary for a hedge fund manager is roughly $135,399 per year, which boils down to $65.1 per hour. Interestingly enough, hedge fund managers have the highest salaries in Rochester, NY at about $165,493 per year. For those who are just starting out, the average entry-level salary in Rochester, NY is $87,000. Additionally, hedge fund managers make more than the average salary in Boston, MA, Windsor, CT, Wilmington, DE, Chicago, IL, and Philadelphia, PA. On a more broad level, hedge fund manager salaries are highest in New York, Connecticut, Rhode Island, Massachusetts, New Hampshire, Delaware, and Vermont. On the contrary, Louisiana, Utah, and Missouri offer the lowest hedge fund manager salaries.

State View
County View

Average Salary:

Hedge Fund Manager average salary by State

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

Rank	City	Avg. Salary	Hourly Rate	Job Count
1	Rochester, NY	$165,493	$79.56
2	Boston, MA	$164,383	$79.03	1
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	1
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

Hedge Fund Managers Salary Details

Hedge Fund Manager Salary (June 2023) - 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 Types of Hedge Fund Managers

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

Here are the five companies hiring the most now:

Which Companies Pay Hedge Fund Managers The Most?

According to our most recent salary estimates, Kforce and Robert Half are the highest paying companies for hedge fund managers.

Rank	Company	Average Salary	Hourly Rate	Job Openings
1	Kforce	$162,990	$78.36	2
2	Robert Half	$148,650	$71.47	34
3	Morgan Stanley	$144,711	$69.57	1
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	JPMorgan Chase & Co.	$131,396	$63.17	5
10	SS&C Technologies	$121,733	$58.53	54
11	Northern Trust	$119,486	$57.45	1
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	36
17	Bunge	$94,992	$45.67
18	Citizens Financial Group	$90,040	$43.29

How Much Do Hedge Fund Managers Make In Different Industries?

Here are some examples of how much a hedge fund manager salaries can based on different industries:

The insurance industry pays hedge fund managers an average salary of $129,751
The finance industry pay $128,465
The lowest paying industry for hedge fund managers is the manufacturing industry. Hedge fund managers in this industry earn an average salary of $99,875

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 Pay Trends

Average Hedge Fund Manager Salary Over Time

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

Hedge Fund Manager Salary By Year

Year	Avg. Salary	Hourly Rate	% Change
2023	$135,000	$65.10	+4.1%
2022	$130,000	$62.44	+1.3%
2021	$128,000	$61.64	+1.7%
2020	$126,000	$60.56	+0.6%
2019	$125,000	$60.20	+0.1%

Recently Added Hedge Fund Manager Salaries

Company	Job	Location	Date Added	Salary
Jefferies Financial Group Inc.	Hedge Fund Credit Risk Manager	New York, NY	04/26/2023	$130,000
Citigroup Inc.	Hedge Fund Risk-Regional Head-Hybrid	New York, NY	04/05/2023	$275,000
Professional Staffing Group	Hedge Fund Tax Manager (Hybrid Schedule)	Boston, MA	02/08/2023	$110,000
Santander Bank	Associate, Credit Risk-Hedge Funds & Asset Managers	New York, NY	01/26/2023	$108,000
Santander Us	Associate, Credit Risk-Hedge Funds & Asset Managers	New York, NY	01/26/2023	$108,000
Professional Staffing Group	Hedge Fund Tax Manager (Hybrid Schedule)	Lynn, MA	01/16/2023	$110,000
Banco Santander Brazil	Associate, Credit Risk-Hedge Funds & Asset Managers	New York, NY	12/25/2022	$108,000
Santander Bank	Associate, Credit Risk-Hedge Funds & Asset Managers	New York, NY	12/23/2022	$108,000
Santander Us	Associate, Credit Risk-Hedge Funds & Asset Managers	New York, NY	12/23/2022	$108,000
Citigroup	Hedge Fund Risk-Regional Head	New York, NY	12/21/2022	$275,000

Hedge Fund Manager Salaries FAQs

What State Pays Hedge Fund Managers The Most?

New York pays Hedge Fund Managers the most in the United States, with an average salary of $150,289 per year, or $72.25 per hour.

How Do I Know If I'm Being Paid Fairly As A Hedge Fund Manager?

You know if you are being paid fairly as a Hedge Fund Manager if your pay is close to the average pay for the state you live in. For example, if you live in Connecticut you should be paid close to $149,671 per year.

Have more questions?

See all answers to common executive management questions.

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