Hedge Fund Operations Salary
Anyone work in operations at a hedge fund? What are salary expectations? Environment is demanding, talent pool is top tier schools, firm is a top hedge fund.
Interested as well
Currently at a small/midsize shop in Bay Area and im doing basically all middle and back office functions (think Fund accounting, ManCo accounting, trade ops, etc) as well as sitting on the trading desk when our trader is out. Salary expectations obviously depend on experience/size of fund, but right now all in im at around 140-160k (90k salary, overtime, and 20%ish bonus).
If youre looking NYC i think it would be around the same. Per usual anyone in back/middle office isnt viewed as an integral asset as they can execute and settle trades without, you just make it less of a hassle. May also depend on which desk you cover (if they have multiple) and their volume.
What is the salary progression like? That's pretty good pay for a middle/back office role.
And how are the exit ops? I'm assuming they're very limited, correct?
How does $90k salary + 20%ish bonus = $140k-160k? Must be a lot of OT. Didn't realize ppl in ops get OT pay either.
Im based i California so anything over 8 hrs is 1.5x up to 12 hrs a day and anything above that is 2x. Fair amount of overtime as i dont just do ops, im also accounting and risk.
As far as salary progression i cant really speak to it since i got where im at towards the end of Q3 last year so justifiably only a small cost of living adjustment was included. Exit Ops are limited depending on the structure of your group. I sit on the trading desk part timeso i face off with brokers/traders for a good part of the day. Not saying im ever going to be able to jump to trading or anything, but it helps to grow the network and theres small potential to try to jump elsewhere as a junior trader or something like that. Really everything boils down to the size or your fund. I would guess that the mega funds really have no mobility whereas a shop >500mm or under $1bn youd be able to move around just based on the fact that they're still trying to keep headcount and expenses under control so theyll let you see more of the risk/trading work.
Good friend of mine works MO Ops (trade support/clearing/etc) at a megafund.
Pretty sure he's at 85k base + 30%-35% bonus
That is insane
Numquam impedit blanditiis ea nesciunt. Sunt repudiandae saepe consequatur dolor. Architecto atque itaque dolorum. Explicabo qui beatae dolor quidem suscipit. Suscipit ut rerum quo et vel aliquid voluptas. Doloremque saepe voluptatem sunt nobis dicta asperiores et et.
Non molestiae velit et non inventore. Omnis ea animi asperiores in qui. Est nam occaecati nam repellendus. Ipsum qui incidunt voluptas.
Vitae quam quisquam voluptas minus aspernatur ex eos. Iusto repellat illum illum quibusdam voluptate doloremque. Sint repellat accusamus expedita quia.
Adipisci tempore ipsum illum iusto aliquid. Corrupti et rerum earum officiis provident. Modi soluta maxime magnam minima aut. Qui sed rerum harum. Sed asperiores omnis voluptatem molestiae labore qui. Quidem dolorem dolor consequatur et eos.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...