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How to hire a hedge fund trader

Hedge fund trader hiring summary. Here are some key points about hiring hedge fund traders in the United States:

  • In the United States, the median cost per hire a hedge fund trader is $1,633.
  • It takes between 36 and 42 days to fill the average role in the US.
  • Human Resources use 15% of their expenses on recruitment on average.
  • On average, it takes around 12 weeks for a new hedge fund trader to become settled and show total productivity levels at work.

How to hire a hedge fund trader, step by step

To hire a hedge fund trader, you should clearly understand the skills and experience you are looking for in a candidate, and allocate a budget for the position. You will also need to post and promote the job opening to reach potential candidates. Here's a step-by-step guide on how to hire a hedge fund trader:

Here's a step-by-step hedge fund trader 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 trader job description
  • Step 5: Post your job
  • Step 6: Interview candidates
  • Step 7: Send a job offer and onboard your new hedge fund trader
  • Step 8: Go through the hiring process checklist
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  1. Identify your hiring needs

    First, determine the employments status of the hedge fund trader you need to hire. Certain hedge fund trader roles might require a full-time employee, whereas others can be done by part-time workers or contractors.

    Determine employee vs contractor status
    Is the person you're thinking of hiring a US citizen or green card holder?

    You should also consider the ideal background you'd like them a hedge fund trader to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a hedge fund trader that fits the bill.

    This list shows salaries for various types of hedge fund traders.

    Type of Hedge Fund TraderDescriptionHourly rate
    Hedge Fund TraderSecurities, commodities, and financial services sales agents connect buyers and sellers in financial markets. They sell securities to individuals, advise companies in search of investors, and conduct trades.$32-96
    Commodity TraderCommodity traders can be businesses or individuals that mainly focus on investing in oils, gold, or agricultural products. They keep up with the news on commodities to ensure that they know the different forces that determine their prices and use their technical analysis skills to decide to enter or exit trading decisions based on the current trend... Show more$26-75
    Foreign Exchange TraderThe foreign exchange market is volatile and influenced by numerous factors. A foreign exchange trader considers these factors and utilizes them in their favor... Show more$31-95
  2. Create an ideal candidate profile

    Common skills:
    • Hedge Funds
    • Macro
    • Derivative
    • Fixed Income
    • Bloomberg
    • Inbound Calls
    • Asset Management
    • Treasury
    • Mutual Funds
    • NYSE
    • Interest Rates
    • Equities
    • Securities
    • Commodities
    Check all skills
    Responsibilities:
    • Manage business, sales, marketing, international negotiation and communication for a commodities business.
    • Trade ETF baskets base on NYSE floor position (long/short).
    • Assist with the conversion of all securities to trade directly through the NSCC.
    • Perform critical maintenance of new & existing securities in multiple operational systems by using Bloomberg.
    • Cull derivative data to profit from emerging trends.
    • Backtest various volatility strategies in equities and ETFs.
  3. Make a budget

    Including a salary range in your hedge fund trader job description is a great way to entice the best and brightest candidates. A hedge fund trader salary can vary based on several factors:
    • Location. For example, hedge fund traders' average salary in alabama is 43% less than in new hampshire.
    • Seniority. Entry-level hedge fund traders earn 66% less than senior-level hedge fund traders.
    • Certifications. A hedge fund trader with a few certifications under their belt will likely demand a higher salary.
    • Company. Working for a prestigious company or an exciting start-up can make a huge difference in a hedge fund trader's salary.

    Average hedge fund trader salary

    $117,549yearly

    $56.51 hourly rate

    Entry-level hedge fund trader salary
    $68,000 yearly salary
    Updated December 13, 2025
  4. Writing a hedge fund trader job description

    A good hedge fund trader job description should include a few things:

    • Summary of the role
    • List of responsibilities
    • Required skills and experience

    Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a hedge fund trader job description:

    Hedge fund trader 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

    Hedge Fund Accounting - Entry Level

    Status: Entry-Level

    Locations: Hybrid | Windsor, CT; Boston, MA; Evansville, IN; Dublin, OH; Union, NJ

    What the Role Involves:

    Your role would be responsible for a broad spectrum of financial and accounting matters affecting Global Hedge Fund clients.

    The Hedge Fund Accountant or Fund Accounting Associate prepares and processes transactions and financial reports, and exercises sound judgment regarding the proper application of accounting principles to various transactions.

    They need to practice solid client service skills and the ability to work not only independently, but also within a team, toward the timely and accurate production of client deliverables.

    What You'll Be Doing:

    + Analyze fund performance on a daily and monthly basis

    + Reconcile the funds positions/securities to outside sources

    + Research internal differences between the accounting and trade entry systems

    + Price the fund portfolios

    + Issue P&L reports on a daily basis

    + Calculate fund NAV's

    + Post accounting entries to ledger

    + Perform month-end close processes/financial statement preparation

    + Work with various products including equities, bonds, swaps, options, FX, mortgages, financing and futures

    + Work with auditors to prepare and present year-end financial accounts

    What You'll Bring:

    + Bachelor's degree in Accounting, Finance or related Business field

    + 0-2+ years' experience in Accounting (hedge funds is a plus, not required)

    + Strong academic foundation in financial accounting, i.e. journal entries, cash transactions and reconciliations, non-cash activity, investment activity

    + Strong Microsoft Excel knowledge

    + Solid written and verbal communication skills

    + Positive attitude with a team player mentality

    + Good analytical skills and high attention to detail

    Why You'll Like It Here:

    + Flexible working environment: 1-2 days a week in the office, the rest of the week - office or work from home

    + Compensation: Competitive base salary plus excellent benefits

    + Your Future: Generous 401k Matching Program

    + Discounts for Employees: Fitness memberships, rental cars, cell providers & more

    + Training: Hands-on and customized by your Manager/Team, SS&C Learning Institute

    + Work|Life Balance:

    + Unlimited Flexible Time Off Policy (personal/vacation time), subject to manager's approval

    + Sick Leave Policy

    + Paid company holidays

    + Continued Education: Tuition Reimbursement up to 70% and Professional Development up to 100%

    + Dress Code: Business Casual when you're in the office; yes, this includes jeans

    + Opportunities: Exposure to many key business groups within the company, including regular interaction with senior management and opportunities for advancement

    #LI-LH1

    #LI-Hybrid

    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.
  5. Post your job

    To find hedge fund traders for your business, try out a few different recruiting strategies:

    • Consider internal talent. One of the most important talent pools for any company is its current employees.
    • Ask for referrals. Reach out to friends, family members, and your current work to ask if they know any hedge fund traders they would recommend.
    • Recruit at local colleges. Attend job fairs at local colleges to recruit entry-level hedge fund traders with the right educational background.
    • Social media platforms. LinkedIn, Facebook, and Twitter have more than 3.5 billion users, and they're a great place for company branding and reaching potential job candidates.
    Post your job online:
    • Post your hedge fund trader job on Zippia to find and recruit hedge fund trader candidates who meet your exact specifications.
    • Use field-specific websites.
    • Post a job on free websites.
  6. Interview candidates

    Your first interview with hedge fund trader candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.

    Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.

    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 trader

    Once you have selected a candidate for the hedge fund trader position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.

    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.

    Once that's done, you can draft an onboarding schedule for the new hedge fund trader. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.

  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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How much does it cost to hire a hedge fund trader?

Recruiting hedge fund traders involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.

You can expect to pay around $117,549 per year for a hedge fund trader, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for hedge fund traders in the US typically range between $32 and $96 an hour.

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