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What hedge fund people make, with bonus

Analyst

$400,000

Junior analyst

$100,000

Portfolio manager, conservative

$1,000,000

Industry estimates from Mergers and Inquisitions. Portfolio managers at mid-size funds make $500,000 to $3 million, and a great year can pay $10 million or more. A bad year can pay close to nothing. The government's broad category, financial and investment analysts, has a median of $102,740 and leaves out bonuses.