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Hedge Fund Associate Jobs (NOW HIRING)

Neuberger

Event Driven Hedge Fund Associate

Chicago, IL · On-site

$125K - $175K/yr

The group manages a differentiated suite of strategies, including a market neutral event-driven hedge fund strategy and a private market crossover equity strategy, offering investors exposure to ...

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$27K

$141.2K

$310.5K

How much do hedge fund associate jobs pay per year?

As of Jun 6, 2026, the average yearly pay for hedge fund associate in the United States is $141,209.00, according to ZipRecruiter salary data. Most workers in this role earn between $42,000.00 and $212,500.00 per year, depending on experience, location, and employer.

What is the difference between Hedge Fund Associate vs Investment Analyst?

AspectHedge Fund AssociateInvestment Analyst
Required CredentialsBachelor's degree, often CFA or similar certificationsBachelor's degree, CFA preferred
Work EnvironmentFast-paced hedge fund setting, focus on trading and strategyFinancial institutions, asset management firms, research-focused
Employer & Industry UsageHedge funds, alternative investment firmsAsset management firms, investment banks, research firms
Common Search & ComparisonYesYes

Hedge Fund Associates and Investment Analysts often share similar educational backgrounds and certifications, working in finance environments focused on investment analysis. However, Hedge Fund Associates typically work directly within hedge funds, focusing on trading strategies and portfolio management, while Investment Analysts may work across various financial institutions emphasizing research and valuation. Both roles require strong analytical skills and relevant credentials, but their daily tasks and work settings differ slightly.

What are Hedge Fund Associates?

Hedge Fund Associates are finance professionals who support the management and operations of hedge funds. They typically assist with investment research, financial modeling, portfolio analysis, and trade execution. Associates also help prepare reports for investors, monitor market trends, and ensure compliance with regulations. Their role is critical to the success of the fund, as they provide essential analytical and operational support to portfolio managers and senior investment staff.

What is an entry-level job at a hedge fund?

An entry-level job at a hedge fund typically includes roles such as analyst or research associate, where individuals support investment teams by conducting market research, financial analysis, and data modeling. These positions often require strong analytical skills, proficiency in Excel and financial software, and a bachelor's degree in finance, economics, or related fields.

What is the 20 20 rule for hedge funds?

The 20/20 rule in hedge funds typically refers to a guideline where investors aim for a 20% annual return while limiting losses to 20% of their investment. Hedge fund associates often analyze risk management strategies like this to balance potential gains with acceptable risk levels, using tools such as financial models and performance metrics.

What are the primary challenges a Hedge Fund Associate faces when supporting portfolio managers and analysts?

Hedge Fund Associates often encounter challenges such as managing large volumes of data under tight deadlines, adapting to rapidly changing market conditions, and ensuring accuracy in financial modeling and reporting. They must balance multiple tasks, including trade execution, performance analysis, and due diligence, while collaborating closely with portfolio managers, analysts, and sometimes external stakeholders. Successfully navigating these challenges requires strong analytical skills, attention to detail, and the ability to communicate complex information clearly within a fast-paced, high-pressure environment.

What are the key skills and qualifications needed to thrive as a Hedge Fund Associate, and why are they important?

To thrive as a Hedge Fund Associate, you need strong analytical abilities, quantitative skills, and a solid educational background in finance, economics, or a related field, often supported by a bachelor's or master's degree. Proficiency in financial modeling, Excel, Bloomberg Terminal, and sometimes programming languages like Python is highly valued, along with relevant certifications such as the CFA. Exceptional attention to detail, communication skills, and the ability to work well under pressure set outstanding candidates apart. These skills and qualities are crucial for making sound investment decisions, effectively managing risk, and supporting the fund's overall performance in a dynamic market environment.
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What cities are hiring for Hedge Fund Associate jobs? Cities with the most Hedge Fund Associate job openings:
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Hedge Fund Associate jobs near you
Infographic showing various Hedge Fund Associate job openings in the United States as of May 2026, with employment types broken down into 1% As Needed, 65% Full Time, 33% Part Time, and 1% Contract. Highlights an 91% Physical, 4% Hybrid, and 5% Remote job distribution, with an average salary of $141,209 per year, or $67.9 per hour.
Event Driven Hedge Fund Associate

Event Driven Hedge Fund Associate

Neuberger Berman Group LLC

New York, NY • On-site

$125K - $175K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 10 days ago

Job description

Neuberger's Principal Strategies Group (PSG) is a $3.5 billion alternative investment platform that sits at the intersection of public and private markets. The group manages a differentiated suite of strategies, including a market neutral event-driven hedge fund strategy and a private market crossover equity strategy, offering investors exposure to compelling opportunities across the equity event spectrum.
We are seeking a driven and analytically rigorous investment professional to focus on our market neutral event driven strategy. In this role, you will take an active part in evaluating and executing public market equity investment opportunities across sectors. The ideal candidate brings 2 years of experience in a top-tier investment banking program followed by 2 years in public market buyside/hedge fund experience.
Responsibilities:
  • Analyzing and conducting comprehensive due diligence on public market equity opportunities
  • Performing in-depth financial analysis of companies and industries
  • Build and maintain complex financial models, including DCF, LBO, and comparable company analyses to evaluate investment opportunities
  • Monitor portfolio positions through ongoing tracking of company developments, earnings releases, news flow, and macro/sector trends
  • Analyze corporate events including mergers & acquisitions, spin-offs, restructurings, activist situations, and other special situations to identify alpha-generating opportunities
  • Prepare detailed investment memos and present recommendations to the portfolio management team
  • Track and synthesize sell-side research, industry reports, and alternative data sources to develop differentiated investment theses
  • Engage with company management teams, industry experts, and sell-side analysts to gather qualitative and quantitative insights
  • Support portfolio risk management through position sizing analysis, scenario modeling, and stress testing
  • Collaborate cross-functionally with trading, risk, and operations teams to support seamless execution and portfolio management
  • Supporting fund marketing and existing client requests
  • Conducting ad hoc special projects

Qualifications:
  • Must have excellent academic credentials (both undergraduate school and GPA)
  • Must have 2 years of top-tier investment banking program experience and 2 years of top-tier hedge fund (preferred)/Equity buyside experience
  • Must be ranked near the top of investment banking class with exceptional quantitative skills
  • Must have strong judgment, critical thinking and written skills; ability to articulate and present ideas effectively both orally and in written form
  • Must show initiative and creativity in approach to problem solving; demonstrated experience in conducting research and interacting with others to develop solutions
  • Must have ability to multi-task with a fine-tuned attention to detail
  • Must have team-player attitude and a desire to work on a wide range of projects
  • Demonstrated proficiency with Excel and PowerPoint and ability to integrate AI tools into the research and investment process

#LI-Hybrid
#LI-Onsite
Applicants must be authorized and have the right to work in the country where the role is located without the need for current or future sponsorship.
Compensation Details
The salary range for this role in Illinois is $125,000-$175,000 and the salary range for the role in New York is $125,000-$175,000. This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. An employee's pay position within the salary range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, business sector, performance, shift, travel requirements, sales or revenue-based metrics, market benchmarking data, any collective bargaining agreements, and business or organizational needs. This job is also eligible for a discretionary bonus, which, along with base salary and retirement contributions, is part of our total comprehensive package. We offer a comprehensive package of benefits including paid time off, medical/dental/vision insurance, retirement, life insurance and other benefits to eligible employees.
Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, production, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company's sole discretion, consistent with the law.
Neuberger is an equal opportunity employer. The Firm and its affiliates do not discriminate in employment because of race, creed, national origin, religion, age, color, sex, marital status, sexual orientation, gender identity, disability, citizenship status or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact onlineaccommodations@nb.com.
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