London’s macro traders could earn over $800k, one day

If you’re a young macro specialist, perhaps working at a bank, hedge fund, or asset management firm, you might be wondering where the place for you to work is. Fortunately, the decision is an easy one to make.

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A salary survey from recruitment firm Octavius Finance sheds light on the matter. It says the best paid macro professionals are to be found in hedge funds – at all levels.

At the highest level, compensation packages are particularly eye watering. Professionals with over 10 years of experience can expect to earn a minimum of £225k ($302k) in salaries and bonuses at that point, or a maximum above £600k ($807k). People in this category are probably portfolio managers; their compensation is tied to the profit and loss (PnL) they generate.

If you don't want to be a macro portfolio manager with a hedge fund, there are alternatives. Octavius says sell-side fixed income professionals (at this point, senior traders) can earn over £500k ($672k). Asset management PMs lag behind. 

If you want to work in a hedge fund after all, which is the best one to go to? Octavius Finance says that it was multi-strategy hedge funds that are “a major draw for macro strategy talent,.” Those roles “often win competitive hiring processes when compared with sell-side opportunities.”

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