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The differences between mutual fund managers and hedge fund managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 8-10 years to become both a mutual fund manager and a hedge fund manager. Additionally, a hedge fund manager has an average salary of $135,399, which is higher than the $68,537 average annual salary of a mutual fund manager.
The top three skills for a mutual fund manager include financial reports, portfolio and payroll. The most important skills for a hedge fund manager are hedge funds, derivative, and private equity.
| Mutual Fund Manager | Hedge Fund Manager | |
| Yearly salary | $68,537 | $135,399 |
| Hourly rate | $32.95 | $65.10 |
| Growth rate | 17% | 10% |
| Number of jobs | 4,926 | 2,225 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 74% |
| Average age | 47 | 47 |
| Years of experience | 10 | 10 |
A mutual fund manager implements a company's investing strategy and manages its portfolio trading activities. The responsibilities of this position include picking which assets will be purchased, managing analysts, conducting research on investment opportunities, and overseeing mutual funds or pensions. Any person interested in this position needs significant management experience, knowledge of financial markets, and a finance-related professional certification.
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.
Mutual fund managers and hedge fund managers have different pay scales, as shown below.
| Mutual Fund Manager | Hedge Fund Manager | |
| Average salary | $68,537 | $135,399 |
| Salary range | Between $34,000 And $137,000 | Between $70,000 And $261,000 |
| Highest paying City | New York, NY | Rochester, NY |
| Highest paying state | Alaska | New York |
| Best paying company | University of Maryland Medical System | Kforce |
| Best paying industry | Finance | Insurance |
There are a few differences between a mutual fund manager and a hedge fund manager in terms of educational background:
| Mutual Fund Manager | Hedge Fund Manager | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 74% |
| Most common major | Business | Finance |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between mutual fund managers' and hedge fund managers' demographics:
| Mutual Fund Manager | Hedge Fund Manager | |
| Average age | 47 | 47 |
| Gender ratio | Male, 55.2% Female, 44.8% | Male, 74.2% Female, 25.8% |
| Race ratio | Black or African American, 7.5% Unknown, 4.7% Hispanic or Latino, 12.6% Asian, 8.9% White, 65.7% American Indian and Alaska Native, 0.7% | 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 | 10% | 10% |