About Hedge Fund Jobs
The primary purpose of a hedge fund is to lower the instability and lack of financial safety associated with under-valued securities and other market alternatives. The funds incorporate more than a dozen investment strategies to reduce investor risks and increase return. Hedge funds buy and sell securities by taking long- and short-term positions during all market conditions. Jobs available in the hedge fund market are similar to jobs found in other financial investment markets.
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Hedge Fund Financial Adviser
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Hedge fund personal financial advisers have extensive knowledge about investments, current and potential market conditions, tax laws and estate planning. Advisers build a book of clients that they maintain regular contact with. They assess the clients' retirement and other financial planning needs such as college tuition for children, estate needs and charitable giving. According to the U.S. Bureau of Labor Statistics 2008-2009 Occupational Outlook Handbook, the average annual income for hedge fund financial advisers is $66,000 with top level advisers earning more than $140,000 a year. Throughout the country, many financial advisers receive an annual bonus that is determined by the size of their book, in addition to their basic annual pay. With a bonus, a hedge fund financial adviser can easily earn $250,000 a year. A bachelor's degree or a masters of business administration degree are often required for the position.
Special Situations Analyst
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Special-situations analysts use databases and complex computer systems to analyze and monitor investment opportunities that clients can take advantage of. Analysts also monitor industry trends and alert financial advisers and managers to unexpected market shifts. They might manage a portfolio of special-situation securities. The work environment is fast-paced and can be significantly stressful at times, particularly during market declines. A bachelor's degree in finance, accounting or business is required. Most firms prefer that you have an MBA. The average annual salary, include base and bonus, for a junior hedge fund analyst is $190,000.
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Senior Investor Relations Executive
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Senior investor relations executives work on investor-relations teams. The executives help drive and increase the firm's investor base. They might work with institutional or individual investors who have $1 to $10 million to trade, buy and sell. Executives also design and create reports for the firm and clients. Because the job requires frequent contact with investors, extensive travel is often a part of the role. A master's degree, particularly an MBA, is preferred for this position. Investor relations managers can earn $1.3 million a year with base and bonus combined.
Research Analyst
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Hedge fund research analysts update hedge fund research (HFR) databases. The analysts create HFR industry reports and respond to internal requests for data and information around firm products. They might work directly with financial advisers and executive managers. A bachelor's degree in business, finance or accounting is preferred for the position. Average annual salaries, including base and bonus, for research analysts are $190,000.
Fundamental Equity Indicator Analyst
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Fundamental equity indicator hedge fund analysts design earning models that forecasts cash flow and revenue shifts. They use detailed research data on company financial results as well as industry analysis to create reports for internal and external distribution. A solid understanding of investment trends is required for this position, as is a graduate degree, preferably an MBA or a certified public accountant degree. Computer programming skills and experience working with systems like AFG or HOLT are preferred. Analysts can earn a combined average base and bonus annual salary of $190,000 to $250,000.
Considerations
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The Financial Industry Regulatory Authority (FINRA) and the North American Securities Administration Association (NASAA) require that certain jobs like those filled by financial advisers, investment firm branch managers and registered principals gain the Series 7 license prior to performing the responsibilities of the job. Depending on the financial instruments you sell, additional licenses such as the Series 11, 52, 65 or 66 might also be required. Firms typically provide customized training to newly hired financial advisers and analysts that can last several weeks.
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