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Entry-Level Hedge Funders Make $353K

Average portfolio manager salary: $2.2 million.

Cover your ears if you want to hold on to your optimism. A new report from Hedge Fund Research reveals that hedge funds are on a hiring spree, and that entry-level positions at mid-performing funds get an average compensation of $353,000 per year including bonuses. Average compensation in the industry rose five to 10 percent, compared with a 5.5 percent increase for Wall Street banks. The report also shows that the average compensation for portfolio managers at large hedge funds was $2.2 million.

Read it at The Wall Street Journal

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