Money manager vs hedge fund manager

The differences between money managers and hedge fund managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a money manager, becoming a hedge fund manager takes usually requires 8-10 years. Additionally, a hedge fund manager has an average salary of $135,399, which is higher than the $73,231 average annual salary of a money manager.

The top three skills for a money manager include BSA, anti-money laundering and bank secrecy act. The most important skills for a hedge fund manager are hedge funds, derivative, and private equity.

Money manager vs hedge fund manager overview

	Money Manager	Hedge Fund Manager
Yearly salary	$73,231	$135,399
Hourly rate	$35.21	$65.10
Growth rate	17%	10%
Number of jobs	58,982	2,225
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 74%
Average age	46	47
Years of experience	8	10

Money manager vs hedge fund manager salary

Money managers and hedge fund managers have different pay scales, as shown below.

	Money Manager	Hedge Fund Manager
Average salary	$73,231	$135,399
Salary range	Between $47,000 And $112,000	Between $70,000 And $261,000
Highest paying City	-	Rochester, NY
Highest paying state	-	New York
Best paying company	-	Kforce
Best paying industry	-	Insurance

Differences between money manager and hedge fund manager education

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

	Money Manager	Hedge Fund Manager
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 74%
Most common major	Business	Finance
Most common college	University of Pennsylvania	University of Pennsylvania

Money manager vs hedge fund manager demographics

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

	Money Manager	Hedge Fund Manager
Average age	46	47
Gender ratio	Male, 43.5% Female, 56.5%	Male, 74.2% Female, 25.8%
Race ratio	Black or African American, 7.4% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 64.0% American Indian and Alaska Native, 0.3%	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%
LGBT Percentage	11%	10%

Differences between money manager and hedge fund manager duties and responsibilities

Money manager example responsibilities.

Decrease manual processing time by successfully managing the implementation of a new software system for the BSA unit.
Assist clients with addressing BSA, AML & OFAC requirements resulting from regulatory actions against the clients.
Process fundamental and technical analysis for strategic trading of equities.
Assist in implementing effective procedures for the ACH department.
Perform daily vault balancing, ATM servicing and transaction approvals.
Review portfolio positioning and investment results with clients, consultants, and prospects.

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.

Money manager vs hedge fund manager skills

Common money manager skills

BSA, 18%
Anti-Money Laundering, 15%
Bank Secrecy Act, 11%
OFAC, 9%
Transaction Monitoring, 8%
Risk Management, 7%

Common hedge fund manager skills

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

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Money Manager
Money Manager vs Hedge Fund Manager

Updated January 8, 2025

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