I've often heard that hedge funds working hours are much shorter than PE or IBD. How true is this? I am interested in long / short equity and special situations hedge funds.
For those in the industry, please tell us your:
- Average hours worked per week
- Average no. of weekend working hours per week
Hedge Fund Analyst Hours
As a common exit opportunity from investment banking and sales and trading - many analysts are looking for a better "lifestyle" then IB in the hedge fund universe. Our users shared their experiences below with hours for hedge fund analysts ranging between 60 - 90 hours a week.
Work Life Balance of Hedge Fund Manager
Just worked an 110 hour week at a multi-strat hedge fund (value, GARP and special situations). ~70% of the time though, work is 70-90 hours week. 13 hours/day on the weekdays is pretty much the minimum, but there is always some spillover on nights/weekends.
User @UBmonkey shared the experience of a trade modeler at a hedge fund:
Normally I'm in at 7 usually out by 7 or 8 sometimes later. I average 60-70 but I'm not in research - I'm on trade modeling and some tech projects. However, people in ops are in at 9 and out by 6 and I hear they start at 60-70 and get a 20% bonus.
User @Bondarb, a hedge fund partner, explained the hours at a Portfolio Manager level:
I am in the office from 6 am-4 pm weekdays but the job is basically 24-7. Right now I have positions in a few different time zones including New Zealand so risk is most certainly a global thing that doesn't care about what your hours are.
The thing I have found about hedge funds that deal in liquid 24-7 markets is that as you get more responsibility the hours decrease but the pressure increases. It becomes more of a lifestyle that revolves around markets as opposed to something that can be defined by "I work 9-5." Some days I am in the office for a fairly short day but other times I am up all night worrying about a position halfway around the World or I am talking to an Asian analyst at midnight.
User @Bondarb detailed their experience working at Citadel:
At Citadel, I was working 60-65 hours/week (7:30-8:00), only one weekend in 10 weeks. The general rule of thumb for the firm was that people were expected to work 12-hour days, and the start/end times vary greatly by group. The hours are largely market-driven.
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