Salary of Bd or head of equities
How much do management roles in hedge funds make such as business development or head of equities or head of certain strategies? I suppose bonus is discretionary?
How much do management roles in hedge funds make such as business development or head of equities or head of certain strategies? I suppose bonus is discretionary?
Career Resources
Based on the most helpful WSO content, here's what you need to know about compensation for management roles in hedge funds:
Business Development and Investor Relations Associate:
Head of Equities or Head of Certain Strategies:
Bonus Structure:
For more detailed insights, you can refer to the WSO thread titled "What I've Learned About Hedge Fund Structure and Compensation" https://www.wallstreetoasis.com/forum/hedge-fund/what-ive-learned-about…</a">here.
Sources: Compensation Structure at the mid-management level in Corporate Development / Strategy / Finance, What I've Learned About Hedge Fund Structure and Compensation, What I've Learned About Hedge Fund Structure and Compensation, AM vs HF: The Business of Our Business, 7 Figure Hedge Fund Salary - Myth or Real?
People in the sense that they are evaluating and making hiring decisions of PMs.
BD -- bbg "senior BD professionals now commonly earn more than $1 million annually, with some execs making north of $5 million"
head of equities (someone that used to PM, so very different than BD): no idea. likely huge difference tier to tier (citadel vs jain vs walleye) and y/y, but i'd guess anywhere from $10-150+. a few recent data pts in bbg articles. very small n / waste of time to think about it (other than "it's a lot"). it's almost like being a cio
.
I would have guessed that Jain and Walleye are roughly the same tier, given similar size?
However, not exactly the same, given one of them had a great 2024 and has a 20-yr track record. On the other hand, Jain is probably more generous than Walleye.
Or do you mean "Citadel" vs. "Jain/Walleye"?
I could see the big 4 equities heads making 9 figures (each of the Citadel equities heads for example oversee $40-50bn of GMV and own large stakes in the broader GP).
Bump. What are exit opps for a head of equities at citadel? Do they place well to other funds/interviews?
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