HEDGE FUND COMP: How much engineers, associates, and researchers are paid at AQR, Bridgewater, Citadel, D.E. Shaw, Point72, and Two Sigma
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For many Wall Street aspirants, a career at a top hedge fund is the holy grail. For those who succeed, compensation has the potential to eclipse nearly any other profession in the country — let alone finance. The hedge fund industry has transformed over the past 15 years. Whereas fundamental investment strategies once ruled the day, increasingly the flow of talent and capital is shifting toward firms with sophisticated quantitative strategies and data-mining operations.
AI Summary
Main Idea: Business Insider used visa salary data to show that AQR, Bridgewater, and Citadel pay six-figure base salaries for many junior and technical hedge fund jobs, with big bonuses not included.
Key Points:
- AQR’s most common foreign-hire role was financial analyst, at about $125,000 in base pay, while associate-level quantitative analysts made around $150,000.
- Bridgewater’s typical junior hire was an investment associate, with a starting salary near $120,000, and some roles paid much more.
- Citadel paid entry-level associates about $150,000, software engineers a little over $170,000, and quantitative researchers more than $188,000 on average.
- The article says these figures are only base pay from visa filings, so real compensation can be much higher once bonuses are added.
Impact on the People
Negative Impact
Very high pay at AQR, Bridgewater, and Citadel can push up costs in finance and widen income gaps, while leaving less room for other employers to compete for skilled workers.
Positive Impact
Large salaries can help these funds attract strong talent, which may support better investing and more stable jobs in the firms.
How did each entity affect people?
Rate how each entity in this article affected the American people.
- Major:Citadelcompany
Candidate Entities12 candidates · 5 weighted vote min · 70% decision
- CitadelcompanyMajorEvaluated
One of the six hedge funds central to the article’s compensation comparisons.
Include 0 (0%)Ignore 0 (0%)5 to threshold - AQR Capital ManagementcompanyMajorAI selected
One of the six hedge funds central to the article’s compensation comparisons.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Bridgewater AssociatescompanyMajorAI selected
One of the six hedge funds central to the article’s compensation comparisons.
Include 0 (0%)Ignore 0 (0%)5 to threshold - D. E. ShawcompanyMajorAI selected
One of the six hedge funds central to the article’s compensation comparisons.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Point72companyMajorAI selected
One of the six hedge funds central to the article’s compensation comparisons.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Two SigmacompanyMajorAI selected
One of the six hedge funds central to the article’s compensation comparisons.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Cliff AsnesspersonContextCandidate
Named founder of AQR Capital Management referenced in the firm’s background.
Include 0 (0%)Ignore 0 (0%)5 to threshold - David ShawpersonContextCandidate
Named founder of D. E. Shaw referenced in the firm’s background.
Include 0 (0%)Ignore 0 (0%)5 to threshold
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