Hedge Fund Compensation Survey Reveals Insights Into Industry

Compensation Survey Reveals Insights Into Hedge Fund Industry

SAN DIEGO, Oct. 31 /PRNewswire/ — A survey conducted by Job Search Digest , a job search website focused on the Hedge Fund industry, revealed key insights into the world of hedge fund compensation. Significant bonuses and high turnover, the survey suggests, extend to workers on both sides of the Atlantic, including London.

The 2007 Hedge Fund Jobs Digest Compensation Survey captures information from industry players at all levels. The respondents are from more than 200 hedge funds firms, including Credit Suisse, Deutsche Bank, Goldman Sachs, and Morgan Stanley. Most respondents have less than two years with their firms, suggesting high employee turnover in the industry.

There is a lot of movement among hedge fund employees, according to the survey. Though 50% of survey respondents had more than 10 years of professional experience, more than 60% of respondents reported being with their current firm for two years or less. This short tenure is reflected in a fraction of the professional sharing in the equity pie.

“The survey raises an interesting question,” says David Kochanek, president, Job Search Digest, which publishes Hedge Fund Jobs Digest. “Are the players unhappy because intelligent, well-educated hard charging ‘Type A’ people are never satisfied? Or, does the hedge fund industry have a problem.”

“With the very top hedge fund managers earning hundreds of millions of dollars, even those making a million a year wonder what they could be making if they jump to another firm,” Kochanek added.

Production-based bonuses are an integral part of employees’ compensation, the survey found, and range from 38% of base salary to more than 400% for top producers. The survey found the further you move up in the organization, the bigger that bonus percentage becomes.

About Job Search Digest

Since 2002, Job Search Digest has provided web-based career services, catering to professionals in the private equity, venture capital, and hedge fund industries worldwide. Hedge Fund Jobs Digest is a subscription service that provides candidates with a targeted database of jobs in the hedge fund and proprietary trading industries. Alpha Calling provides hedge fund career insights from industry insiders.

Job Search Digest
CONTACT: David Kochanek, Publisher