How to become a Hedge Fund Manager?
The objective of a hedge fund is to maximize investor returns and reduce risk. This is why it is termed as “hedge”. The aim is to make money in spite of the market conditions. In this type of fund, the limited partners contribute money while general partners, manage.
A hedge fund manager is basically an asset manager or a portfolio manager who manages the financial assets or investments of a group of investors. Hedge fund managers make use of complex strategies to limit risks when investing, which is the primary aim where hedge funds are concerned. Hedge fund managers are hired by asset management companies, financial institutions and investment firms. They can also work as individuals but this is a field in which credibility is what makes or break a manager. Therefore, hedge fund managers have to first find employment and after gaining experience, they can provide their services on an individual level or start their own firm.
Steps to become a Hedge Fund Manager
Earn bachelor degree
Do an internship
Earn master degree
Gain some experience while doing master
Apply for the entry level job position as a Research Analyt
After 3 years you are eligible for the senior level position of Analyt
Gain 5 to 7 years of experience
Manager need to have 5 to 7 years of experience in his field
You are eligible for manager job position
Minimum Education required
Bachelor degree
Degree required
Bachelor in Accounting
Bachelor in finance
BBA
B.com
Master in Accounting
Master in finance
MBA in finance
PhD in Accounting
PhD in finance
Professional certificat
CFA
Skills required
Communication skills
Decision making skills
Critical thinking
Problem solving
You can work for
Banks
Investment Consultancies
Mutual Fund Management Companies
Insurance Companies
Investment Firms
Asset Management Companies
Salary
The average salary of hedge fund managers in India is around rs 12 – 13 LPA. Experienced hedge fund managers who work as traders can take home a much higher amount.
