How to hire a hedge fund manager

How to hire a hedge fund manager, step by step

Here's a step-by-step hedge fund manager hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write a hedge fund manager job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new hedge fund manager
• Step 8: Go through the hiring process checklist

What does a hedge fund manager do?

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1. Identify your hiring needs

   The hedge fund manager hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   A hedge fund manager's background is also an important factor in determining whether they'll be a good fit for the position. For example, hedge fund managers from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.

   Here's a comparison of hedge fund manager salaries for various roles:

   Type of Hedge Fund Manager	Description	Hourly rate
   Hedge Fund Manager		$33-125
   Fund Accountant	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... Show more	$21-38
   Investments Manager	The job of investment managers or fund managers is to help clients grow their money and achieve their financial and personal goals in life. Investment managers have a variety of responsibilities that often include handling all activities associated with managing client portfolios, monitoring performance measurement and transaction settlement, and determining the best strategy for investments... Show more	$32-95

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Hedge Funds
   • Derivative
   • Private Equity
   • Equities
   • Swaps
   • Mutual Funds
   • Real Estate
   • Fund Clients
   • Financial Statements
   • Macro
   • Treasury
   • Securities
   • SAS
   • Reconciliations

   Check all skills

   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.

   More hedge fund manager duties

3. Make a budget

   Including a salary range in the hedge fund manager job description is a good way to get more applicants. A hedge fund manager salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.

   For example, the average salary for a hedge fund manager in Louisiana may be lower than in New York, and an entry-level engineer typically earns less than a senior-level hedge fund manager. Additionally, a hedge fund manager with lots of experience in the field may command a higher salary as a result.

   Average hedge fund manager salary

   $135,399yearly

   $65.10 hourly rate

   ---

   Entry-level hedge fund manager salary

   $70,000 yearly salary

   Updated January 12, 2026

   Average hedge fund manager salary by state

   Rank	State	Avg. salary	Hourly rate
   1	New York	$165,493	$80
   2	Massachusetts	$164,383	$79
   3	Connecticut	$163,202	$78
   4	Delaware	$159,151	$77
   5	Illinois	$148,002	$71
   6	Pennsylvania	$143,480	$69
   7	New Jersey	$136,813	$66
   8	Florida	$135,613	$65
   9	Washington	$127,357	$61
   10	Texas	$127,027	$61
   11	Georgia	$126,212	$61
   12	Arizona	$121,252	$58
   13	Indiana	$119,828	$58
   14	Ohio	$116,217	$56
   15	California	$112,473	$54
   16	Missouri	$102,012	$49
   17	Colorado	$95,820	$46

   Average hedge fund manager salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	Kforce	$162,990	$78.36	3
   2	Robert Half	$148,650	$71.47	15
   3	Morgan Stanley	$144,711	$69.57	3
   4	Sunrise Foods LLC	$142,992	$68.75
   5	Santander Private Banking International	$139,404	$67.02
   6	Old Mutual	$135,576	$65.18
   7	Santander Bank	$134,789	$64.80
   8	SG Americas Securities Holdings, LLC	$134,040	$64.44
   9	JPMorgan Chase & Co.	$131,396	$63.17	4
   10	SS&C Technologies	$121,733	$58.53	7
   11	Northern Trust	$119,486	$57.45	1
   12	BMO Capital Markets	$115,555	$55.56
   13	Bank of America	$114,336	$54.97	1
   14	Advent Software	$111,901	$53.80
   15	Banco Santander	$109,245	$52.52
   16	Deloitte	$105,160	$50.56	9
   17	Bunge	$94,992	$45.67
   18	Citizens Financial Group	$90,040	$43.29

4. Writing a hedge fund manager job description

   A hedge fund manager job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a hedge fund manager job description:

   Hedge fund manager job description example

   SS&C is a global provider of investment and financial services and software for the financial services and healthcare industries. Named to Fortune 1000 list as top U.S. company based on revenue, SS&C is headquartered in Windsor, Connecticut and has 20,000+ employees in over 90 offices in 35 countries. Some 18,000 financial services and healthcare organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services.
   Job Description
   
   We are looking for a Hedge Fund Accounting Manager
   
   Responsible for the accounting and valuation for complex investments, which may include complex derivative, fixed income, and international financial products. Leader of professionals or first-level leaders working on issues of a diverse scope or coordinating department activities. Exercises wide-latitude to make decisions within established company policies to meet business objectives. Advises staff and partners with cross-functional teams to meet project schedules and to develop solutions to issues. Accountable for department results. Establishes procedures and recommends changes to policies. Minimally requires a Master's degree and 4 years of related experience, or Bachelor's degree and 6 years of related experience, or high school degree and 8 years of related experience.
   
   Position Responsibilities:
   
   + Coordinating overall work plan for US client service group accounting staff, which includes managing and monitoring work in progress
   
   + Providing coaching, training and leadership as necessary to the client service team
   
   + Reviewing all work product prepared by accounting staff including monitoring and pricing of P&L, NAV's and economic allocations
   
   + Contributing to internal project initiatives regarding new product development, testing and implementation
   
   + Overall client satisfaction
   
   + Establishing a plan for new client setups, reorganizations and conversions
   
   + Providing technical accounting/industry knowledge to our clients
   
   + Coordinating, managing and monitoring the external audit process
   
   + Reviewing client financial statements, partner capital statements and other required financial reporting
   
   Position Qualifications:
   
   + Bachelors degree in Accounting or related field
   
   + CPA a plus
   
   + 6+ years experience in Accounting or Back Office Operations working for a Prime Broker, Administrator, Hedge Fund, Mutual Fund, Investment Advisor or Financial/Retirement Planner
   
   + Knowledge of partnership accounting, private equity experience a plus
   
   + Knowledge of US GAAP
   
   + Prior experience with various products including equities, fixed income, repurchase agreements, futures, FX, Mortgages and options
   
   + Solid knowledge of corporate actions
   
   + Prior supervisory experience
   
   + Advanced MS Excel knowledge
   
   + Ability to work under pressure and manage tight internal and client deadlines
   
   + Strong communication skills, including written, listening and presentation abilities
   
   + Solid attention to detail
   
   + Solid client relationship management skills
   
   Why SS&C?
   
   Working at SS&C is balanced and fair - especially in challenging times. We offer flexible work schedules, time off, and so much more to keep you healthy, safe, and productive. SS&C offers:
   
   + Hybrid Schedule featuring 4-6 days in the office monthly combined with working from home
   
   + Competitive base salary plus EXCELLENT benefits (including medical, dental, vision, STD, LTD and more)!
   
   + 401k Matching Program
   
   + Unlimited Flexible Time Off Policy (personal/vacation time), subject to manager's approval
   
   + Sick Leave Policy
   
   + 10 company-paid holidays in a full calendar year
   
   + Eligible for an annual performance-based bonus program
   
   + Employee Referral Bonus Program
   
   + Tuition Reimbursement up to 70% and Professional Development up to 100%
   
   + Charitable Matching Program
   
   + Business Casual dress code when working in office (includes jeans)
   
   + Exposure to many key business groups within the company, including regular interaction with senior management, and opportunities for advancement.
   
   #LI-KC4
   
   Unless explicitly requested or approached by SS&C Technologies, Inc. or any of its affiliated companies, the company will not accept unsolicited resumes from headhunters, recruitment agencies, or fee-based recruitment services. SS&C offers excellent benefits including health, dental, 401k plan, tuition and professional development reimbursement plan. SS&C Technologies is an Equal Employment Opportunity employer and does not discriminate against any applicant for employment or employee on the basis of race, color, religious creed, gender, age, marital status, sexual orientation, national origin, disability, veteran status or any other classification protected by applicable discrimination laws.

   Copy this example

   

5. Post your job

   There are various strategies that you can use to find the right hedge fund manager for your business:

   • Consider promoting from within or recruiting from your existing workforce.
   • Ask for referrals from friends, family members, and current employees.
   • Attend job fairs at local colleges to find candidates who meet your education requirements.
   • Use social media platforms like LinkedIn, Facebook, and Twitter to reach potential job candidates.

   Post your job online:

   • Post your hedge fund manager job on Zippia to find and recruit hedge fund manager candidates who meet your exact specifications.
   • Use field-specific websites.
   • Post a job on free websites.

6. Interview candidates

   During your first interview to recruit hedge fund managers, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.

   It's also good to ask about candidates' unique skills and talents. You can move on to the technical interview if a candidate is good enough for the next step.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new hedge fund manager

   Once you've found the hedge fund manager candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.

   You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.

   To prepare for the new hedge fund manager first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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