Hedge Fund Compensation - As of December, 2019

This compensation data is based solely on all user submissions to the WSO Company Database through December, 2019. Number of data points for each position is in parenthesis after the position label.

Total Average Compensation (1) (2)

(1) Includes compensation data from 1 hedge funds
(2) Intern average compensation based on hourly rate x 2,000 to get yearly approximation

(USD$ in Thousands) ......................................... Intern/Summer
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Junior TraderAnalysts1st Year AssociateEngineer/Quant2nd Year Associate3rd+ Year AssociatePortfolio ManagerDirector/MDVice President
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Overall75.45.478.05.017598.83.490.03.41174.028.385.030.05111.856.7100.045.0164122.279.3110.050.047151.676.5150.060.047144.1107.4147.5125.024167.0101.9150.0112.018176.4120.7200.057.57231.5127.1150.075.010310.3241.2190.0237.515
Citadel Investment Group102.2na115.2na1085.0na85.0na1nanananana156.591.5150.0100.017167.0186.4150.0175.05150.075.0150.082.514140.031.3150.031.33217.985.9135.077.54250.050.0250.050.01nananananananananana
Point7281.83.596.05.021nananananananananana130.166.0100.050.01992.0na92.0na1126.014.0126.014.01155.0100.0155.0100.02nanananananananananananananana200.0200.0200.0200.02
AQR Capital Management111.63.8120.03.817115.71.8125.01.83nanananana116.648.3125.050.09140.014.0140.014.01120.030.0120.030.02152.0119.0150.0125.05127.078.5120.096.05nananananananananana172.5300.0172.5300.02
D.E. Shaw113.73.3117.03.320nananananananananana128.158.8117.547.58132.252.7127.540.06158.276.7140.0100.05nananananananananananananananananananana200.0150.0200.0150.01
Bridgewater Associates79.4na84.0na8119.6na120.0na395.030.095.030.01105.221.0105.020.013157.686.4130.075.07145.080.0145.080.02135.0111.7140.0140.03227.587.5227.587.52nanananana175.075.0175.075.01nanananana
Two Sigma Investments123.5na127.5na890.0na90.0na1nanananana186.470.0150.072.57122.547.5122.547.52191.5120.6192.5100.010nanananana175.0250.0175.0250.01nanananananananananananananana
Balyasny Asset Management59.55.060.05.08nananananananananana97.535.097.535.02nanananana190.040.0190.040.01nanananananananananananananananananananananananana
Blackstone Group54.0na54.0na1nananananananananana77.042.874.032.54128.372.7110.075.03nananananananananana162.5150.0162.5150.02nanananana250.070.0250.070.01nanananana
Och-Ziff Capital Management Group30.05.030.05.01nanananana85.030.085.030.01114.361.388.565.0487.513.587.513.52nanananana100.050.0100.050.01nananananananananana150.0200.0150.0200.01nanananana
Millennium Partners57.6na57.7na3nananananananananana128.359.580.052.04nanananana175.0200.0175.0200.02200.0200.0200.0200.01nananananananananananananananananananana
Ellington Management Group76.3na81.0na6nananananananananana96.770.0100.035.03nananananananananananananananananananana250.0250.0250.0250.01nananananananananana
Oaktree Capital Managementnanananananananananananananana67.512.567.512.5290.0181.790.0185.03nanananana117.740.0100.040.03nanananananananananananananana200.0370.0200.0370.01
Highland Capital Management30.0na30.0na3nananananananananana111.353.3110.050.0470.020.070.020.01nananananananananananananananananananana150.0300.0150.0300.01nanananana
Magnetar Capital33.2na36.0na5nananananananananana120.0120.0120.0120.01nananananananananananananananananananana200.0na200.0na1nananananananananana
SkyBridge Capital II, LLC28.0na30.0na5nananananananananana110.050.0110.050.01nanananananananananananananananananananananananananananananananananana
HBK Capital Managementnanananananananananananananana95.020.095.020.01nanananana64.07.165.07.04nanananana150.0150.0150.0150.01nanananananananananananananana
Moore Capital Management39.0na39.0na2nananananananananana80.0na80.0na290.035.090.035.01nananananananananananananananananananananananananananananana
Farallon Capital Management36.0na36.0na2nananananananananana150.0175.0150.0175.01nananananananananana150.0150.0150.0150.02nananananananananananananananananananana
AllianceBernstein135.0na135.0na1nananananananananana80.010.080.010.0162.510.062.510.01nanananananananananananananana67.54.567.54.52nananananananananana
Worldquant115.09.0115.09.02nananananananananana90.010.090.010.01160.020.0160.020.01105.0na105.0na1nanananananananananananananananananananananananana
Soros Fund Management40.0na40.0na1nananananananananana83.3103.375.0100.03nanananananananananananananananananananananananananananananananananana
Bloom Tree Partners78.0na78.0na4nananananananananananananananananananananananananananananananananananananananananananananananananana
Bracebridge Capital56.0na56.0na2nananananananananana105.065.0105.065.02nanananananananananananananananananananananananananananananananananana
GSO Capital Partnersnanananananananananananananana71.555.071.555.02105.050.0105.050.02nananananananananananananananananananananananananananananana
Man Groupnanananananananananananananana63.07.063.07.01nanananana170.053.0170.053.01nanananananananananananananana100.0na100.0na2nanananana
Pine River Capital Management55.0na55.0na1nananananananananana61.023.358.010.03nanananananananananananananananananananananananananananananananananana
Matrix Capital Management77.3na75.0na315.0na15.0na1nanananananananananananananananananananananananananananananananananananananananananananana
Grosvenor Capital Management55.3na60.0na3nananananananananana75.015.075.015.01nanananananananananananananananananananananananananananananananananana
Millennium Management57.0na57.0na1nananananananananana125.025.0125.025.01nanananana150.0100.0150.0100.01nanananananananananananananana1,000.030.01,000.030.01nanananana
The Tudor Group67.511.567.511.52nananananananananana62.550.062.550.02nanananananananananananananananananananananananananananananananananana
Graham Capital Management40.0na40.0na3nananananananananananananananananananana200.035.0200.035.01nanananananananananananananananananananananananana
Foxhill Capital28.8na28.8na4nananananananananananananananananananananananananananananananananananananananananananananananananana
Davidson Kempner Capital Management54.0na54.0na1nanananananananananananananana135.0182.5135.0182.52nanananana115.0180.0115.0180.01nananananananananananananananananananana
Highbridge Capital Managementnanananananananananananananana87.0108.087.0108.02nananananananananananananananananananananananananananananana700.0530.0700.0530.01
Bridgewater Associates LPnanananana100.85.0100.85.01nanananana150.0na150.0na1150.050.0150.050.01nananananananananananananananananananananananananananananana
Squarepoint Capital16.0na16.0na1nananananananananana110.0115.0110.0115.02nanananananananananananananananananananananananananananananananananana
BlueCrest Capital Managementnanananana90.0na90.0na1nanananana65.0na65.0na1nananananananananananananananananananananananananananananana300.0280.0300.0280.01
Oak Hill Advisorsnanananananananananananananana83.368.385.085.03nanananananananananananananananananananananananananananananananananana
Ares Management Corporation50.0na50.0na1nananananananananana70.040.070.040.0175.020.075.020.01nananananananananananananananananananananananananananananana
Blue Mountain Capital80.0na80.0na1nananananananananana80.080.080.080.01nanananananananananananananananananananananananana150.0150.0150.0150.01nanananana
Mariner Investment Groupnanananananananananananananana65.033.360.010.03nanananananananananananananananananananananananananananananananananana
Element Capital Managementnanananananananananananananana100.050.0100.050.03nanananananananananananananananananananananananananananananananananana
Pacific Alternative Asset Management Company50.0na50.0na1nananananananananana65.010.065.010.02nanananananananananananananananananananananananananananananananananana
HPS Investment Partnersnanananananananananananananana250.075.0250.075.02nanananananananananananananananananananananananananananananananananana
Arena Investors LP85.03.085.03.01nanananananananananananananana90.070.090.070.01nananananananananananananananananananananananananananananana
Glazer Capital19.8na19.8na2nananananananananananananananananananananananananananananananananananananananananananananananananana
GoldenTree Asset Management40.0na40.0na2nananananananananananananananananananananananananananananananananananananananananananananananananana
Carlson Capital36.0na36.0na1nanananananananananananananananananananananananananananananananananana250.0350.0250.0350.01nananananananananana
MidOcean Partnersnanananananananananananananananananananananananananananananananananana100.0115.0100.0115.01nananananananananana150.0275.0150.0275.01
Putnam Investmentsnananananananananananananananananananana66.315.066.315.02nananananananananananananananananananananananananananananana
3-Sigma Value Investment Managementnanananananananananananananananananananananananananananananananananana200.050.0200.050.01nananananananananana1,600.080.01,600.080.01
Antarctica Asset Management20.0na20.0na2nananananananananananananananananananananananananananananananananananananananananananananananananana
Canyon Capital Advisorsnananananananananananananananananananana100.085.0100.085.01nanananana100.0125.0100.0125.01nananananananananananananananananananana
Fiera Capitalnanananananananananananananana102.512.5102.512.52nanananananananananananananananananananananananananananananananananana
King Street Capital Managementnanananananananananananananana75.4170.075.4170.02nanananananananananananananananananananananananananananananananananana
Yakira Capital Managementnananananananananananananananananananananananananananananana95.035.095.035.0195.035.095.035.01nanananananananananananananana
Kynikos Associatesnanananananananananananananana110.0120.0110.0120.02nanananananananananananananananananananananananananananananananananana
Crestline Investors, Inc.nanananananananananananananana65.015.065.015.01nanananananananananananananananananananananananana140.065.0140.065.01nanananana
Gluskin Sheff60.0na60.0na1nananananananananana70.070.070.070.01nanananananananananananananananananananananananananananananananananana
Scottwood Capital Managementnananananananananana45.037.545.037.52nananananananananananananananananananananananananananananananananananananananana
Zacks Investment Managementnanananananananananananananana85.015.085.015.01nananananananananananananananananananananananananananananana65.012.065.012.01
Appleton Capital Managementnanananananananananananananananananananananananana182.7na182.7na1nanananananananananananananananananananananananana
400 Capital Management LLCnanananananananananananananananananananananananana60.0na60.0na1nanananananananananananananananananananananananana
Salient Partnersnananananananananana100.06.5100.06.51nananananananananananananananananananananananananananananananananananananananana
Ewing Morris Investment Partners18.0na18.0na1nananananananananananananananananananananananananananananananananananananananananananananananananana
Marshall Wace85.0na85.0na1nananananananananananananananananananananananananananananananananananananananananananananananananana
Altcoin Advisors30.0na30.0na1nananananananananananananananananananananananananananananananananananananananananananananananananana
Taconic Capital57.6na57.6na1nananananananananananananananananananananananananananananananananananananananananananananananananana
Alternative Investment Strategies Ltdnanananananananananananananananananananananananananananananananananananananananananananana100.0na100.0na1nanananana
EJF Capital28.0na28.0na1nananananananananananananananananananananananananananananananananananananananananananananananananana
Baupost Group75.0na75.0na1nananananananananananananananananananananananananananananananananananananananananananananananananana
Peregrine40.0na40.0na1nananananananananananananananananananananananananananananananananananananananananananananananananana
Third Point LLC96.0na96.0na1nananananananananananananananananananananananananananananananananananananananananananananananananana
Steel Partners Holdings40.0na40.0na1nananananananananananananananananananananananananananananananananananananananananananananananananana
Kayne Anderson Capital Advisors33.0na33.0na1nananananananananananananananananananananananananananananananananananananananananananananananananana
Beach Point Capital Management30.0na30.0na1nananananananananananananananananananananananananananananananananananananananananananananananananana
1209 Capital Partners36.0na36.0na1nananananananananananananananananananananananananananananananananananananananananananananananananana
First Wilshire Securities Managementnanananananananananananananana45.01.345.01.31nanananananananananananananananananananananananananananananananananana
Brandywine Global Investment Management32.0na32.0na1nananananananananananananananananananananananananananananananananananananananananananananananananana
Wexford Capitalnanananananananananananananana85.020.085.020.01nanananananananananananananananananananananananananananananananananana
Alpine Woodsnanananananananananananananana50.015.050.015.01nanananananananananananananananananananananananananananananananananana
Cohen & Steers Capital Managementnanananananananananananananana70.0100.070.0100.01nanananananananananananananananananananananananananananananananananana
Zais Groupnanananananananananananananana95.0na95.0na1nanananananananananananananananananananananananananananananananananana
Hollencrest Securitiesnanananananananananananananana180.012.0180.012.01nanananananananananananananananananananananananananananananananananana
Fairfield Greenwich Advisorsnanananananananananananananana60.030.060.030.01nanananananananananananananananananananananananananananananananananana
Dunbar Capitalnanananananananananananananana65.025.065.025.01nanananananananananananananananananananananananananananananananananana
Newport Global Advisorsnanananananananananananananana45.025.045.025.01nanananananananananananananananananananananananananananananananananana
Coatue Managementnanananananananananananananana150.050.0150.050.01nanananananananananananananananananananananananananananananananananana
Broadreach Groupnanananananananananananananana85.040.085.040.01nanananananananananananananananananananananananananananananananananana
Loeb Capital Managementnanananananananananananananana55.065.055.065.01nanananananananananananananananananananananananananananananananananana
Arden Asset Managementnanananananananananananananana75.015.075.015.01nanananananananananananananananananananananananananananananananananana
Permal Asset Management30.0na30.0na1nananananananananananananananananananananananananananananananananananananananananananananananananana
Marathon Asset Managementnanananananananananananananana67.520.067.520.01nanananananananananananananananananananananananananananananananananana
Black Diamond Capital Managementnanananananananananananananana70.015.070.015.01nanananananananananananananananananananananananananananananananananana
Saba Capital Managementnananananananananananananananananananana106.010.0106.010.01nananananananananananananananananananananananananananananana
Angelo Gordon & Conananananananananananananananananananana120.040.0120.040.01nananananananananananananananananananananananananananananana
Morgan Stanley Fund Servicesnananananananananananananananananananana71.015.071.015.01nananananananananananananananananananananananananananananana
Capula Investment Managementnananananananananananananananananananananananananananananananananananananananana150.065.0150.065.01nananananananananana
Platinum Equitynananananananananananananananananananananananananananananananananananananananananananananananananana190.095.0190.095.01
The Electrum Groupnananananananananananananananananananananananananananananananananananananananananananananananananana180.0120.0180.0120.01
Strategic Value Partnersnananananananananananananananananananananananananananananananananananananananananananananananananana175.0350.0175.0350.01
Silver Point Capitalnananananananananananananananananananananananananananananananananananananananananananananananananana150.0315.0150.0315.01
Melody Capital Partnersnananananananananananananananananananananananananananananana300.0200.0300.0200.01nananananananananananananananananananana

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Company Specific Salary and Bonus Data Available

Methodology FAQ

How often is this data updated?
The rankings are constantly changing and evolving based on additional data we collect every day. The graphs and tables use the data from YTD and the prior 2 years. See tabs located above on this page to access previous year rankings.
Why do the average compensation numbers look so low?
Remember that the compensation you are accustomed to hearing for top performers in the top groups in New York is well above the average for cities around the world. The compensation average graphs are a global average which includes regional cities and groups that bring the average down. If you would like company and group specific compensation data, please visit the WSO Company Database.
Where does this data come from?
The compensation, review and interview data comes from WSO member submissions to the WSO Company Database. With over 50,000 submissions to date across thousands of companies, the database is solely a representation of what our members were paid and how they rank companies on various metrics. Please see below for a detailed breakdown of the member statistics for those that have contributed to the database.
What are the percentile rankings based on?
The percentile rankings of companies listed here are based on the current YTD and the prior two years of data for companies that received at least one vote. The simple average scores are converted into an Adjusted Score before the companies are ranked to take into account companies with a smaller sample size. This method uses Bayesian Statistics.
Why do you use Bayesian Statistics to adjust scores?
This methodology is used in order to account for standard deviation in rankings. As a company gets more rankings and data, we have more confidence that the average ranking is a true reflection of reality, so this is reflected in the adjusted scores and Percentile rankings. Learn more about Bayesian Statistics here.
Why don't I see company XYZ?
Some great smaller firms may not be represented in the rankings for the simple reason that we have not collected enough data to represent them accurately or for us to have enough data to display them at all.
What is the geographical representation of the submissions?
The WSO user base is very US-centric with approximately 70% of all submissions coming within the United States of America. Please see the detailed breakdown of the member statistics for those that have contributed to the database. For more company and city specific compensation, please visit the WSO Company Database.