How do you become a PM at a hedge fund?

How to Become a Hedge Fund Portfolio Manager

1. Perform well over 5-10+ years and get promoted internally (possible at MM funds; less likely at many SM funds).
2. Switch jobs and move to a smaller/startup fund or one that is expanding and willing to take a chance on promoting you.

Can anyone be a hedge fund manager?

These vary from state to state, but the bare minimum would be a bachelor’s in business or accounting. A master’s in finance, accounting, or business administration may also be necessary or, at the very least, helpful in opening up the path to becoming a hedge fund manager.

How much does a hedge fund manager earn?

Good To Know. Of course, not all hedge fund managers earn north of $1 billion per year. In fact, according to Indeed.com, the average hedge fund manager makes a paltry $62,614 per year.

How much do Citadel PMS make?

Citadel Salary FAQs The salary trajectory of a Portfolio Manager ranges between locations and employers. The salary starts at $91,173 per year and goes up to $147,950 per year for the highest level of seniority.

What degree do you need to be a hedge fund manager?

While a Bachelor of Science in Business Administration is a great well-rounded degree, choosing a school that offers a degree or focus area in finance is preferable. A B.S. in finance can prepare you for a range of hedge fund positions: asset manager, portfolio or equity analyst, and equity trader.

Where do hedge fund employees go to school?

While choosing the right degree program is a good first step, where you go to school may be as important. A 2016 eFinancial Careers survey found that the bulk of hedge fund employees attended top schools such as the University of Pennsylvania, New York University, and Columbia University.

Do hedge fund managers have Ivy League degrees?

Of course not. Many hedge fund managers do have Ivy League degrees, including Alfred Winslow Jones, considered to be the first. Since then there are many others. Ken Griffin went to Harvard (and started his fund there as a sophomore), Cliff Asness has his degree from Penn and Pete Muller’s is from Princeton.

How do I start a hedge fund?

Remember that hedge funds cater to high-net-worth, accredited investors. If you make enough connections with investors that trust your analysis, starting your own hedge fund may even be an option one day. Until then, getting into a top tier school and majoring in a finance or quant degree is your best starting point.