Hedge fund manager vs fund accountant

The differences between hedge fund managers and fund accountants can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 8-10 years to become a hedge fund manager, becoming a fund accountant takes usually requires 2-4 years. Additionally, a hedge fund manager has an average salary of $135,399, which is higher than the $60,203 average annual salary of a fund accountant.

The top three skills for a hedge fund manager include hedge funds, derivative and private equity. The most important skills for a fund accountant are reconciliations, calculation, and securities.

Hedge fund manager vs fund accountant overview

	Hedge Fund Manager	Fund Accountant
Yearly salary	$135,399	$60,203
Hourly rate	$65.10	$28.94
Growth rate	10%	6%
Number of jobs	2,225	35,702
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 84%
Average age	47	44
Years of experience	10	4

What does a hedge fund manager do?

A hedge fund manager manages an investment pool, popularly called a hedge fund. This entails managing liquid assets that have been contributed by a limited number of investors who have met a certain net worth investment. They oversee this fund and make investment decisions for this fund, including running its daily affairs. Another part of their duty is to monitors stock markets and choose which assets to buy. They may also have to make money by using several investment techniques such as selling or leveraging.

What does a fund accountant do?

A fund accountant provides accounting for an investment portfolio. The investments needed include commodities, securities, and/or real estate in an investment fund like a hedge fund or mutual fund. The role of fund accountants includes activity capturing and recording. Fund accountants prepare accurate and timely values, distributions, yields, and fund accounting output for review. They manage activities associated with fund accounting and domestic equity transactions. Also, they work alongside supervisors when it comes to budget development.

Hedge fund manager vs fund accountant salary

Hedge fund managers and fund accountants have different pay scales, as shown below.

	Hedge Fund Manager	Fund Accountant
Average salary	$135,399	$60,203
Salary range	Between $70,000 And $261,000	Between $44,000 And $80,000
Highest paying City	Rochester, NY	New York, NY
Highest paying state	New York	New York
Best paying company	Kforce	Warburg Pincus
Best paying industry	Insurance	Finance

Differences between hedge fund manager and fund accountant education

There are a few differences between a hedge fund manager and a fund accountant in terms of educational background:

	Hedge Fund Manager	Fund Accountant
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 84%
Most common major	Finance	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Hedge fund manager vs fund accountant demographics

Here are the differences between hedge fund managers' and fund accountants' demographics:

	Hedge Fund Manager	Fund Accountant
Average age	47	44
Gender ratio	Male, 74.2% Female, 25.8%	Male, 61.5% Female, 38.5%
Race ratio	Black or African American, 7.6% Unknown, 4.7% Hispanic or Latino, 12.8% Asian, 9.0% White, 65.2% American Indian and Alaska Native, 0.7%	Black or African American, 7.6% Unknown, 3.9% Hispanic or Latino, 9.9% Asian, 18.4% White, 59.7% American Indian and Alaska Native, 0.5%
LGBT Percentage	10%	7%

Differences between hedge fund manager and fund accountant duties and responsibilities

Hedge fund manager example responsibilities.

Manage derivative credit risk for transactions with mutual and pension funds.
Manage a portfolio of equities and options within the technology and energy sectors.
Manage short term interest rate risk management utilizing basis swaps to modify portfolio duration.
Perform month-end closings including calculations of final NAV, performance and partner allocations.
Research all sensitivity factors that may have an economic effect on the fund's NAV.
Develop financial and risk models, negotiate margin and collateral contracts (cash / securities), insurance and hedging options.

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Fund accountant example responsibilities.

Manage fund accounting activities for five funds for an investment manager with $80b in AUM.
Manage accoutningtransition from Quickbooks to Yardi.
Prepare internal financial reports for treasury manage accounts include in external compliance reports.
Record efficiently accounting records, securities positions, corporate actions and journal entries accordance with department policies and procedures.
Process complex transactions for foreign and domestic bonds, equities, futures, and options.
Prepare annual and semi-annual financial statements using GAAP.

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Hedge fund manager vs fund accountant skills

Common hedge fund manager skills

Hedge Funds, 21%
Derivative, 16%
Private Equity, 15%
Equities, 9%
Swaps, 8%
Mutual Funds, 8%

Common fund accountant skills

Reconciliations, 12%
Calculation, 5%
Securities, 5%
GAAP, 5%
Accruals, 5%
Journal Entries, 4%

Updated January 8, 2025

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