By investment banking standards, a hedge fund work environment and schedule looks pretty tame, according to the recently published 2008 JobSearchDigest Hedge Fund Compensation Report.
The study found that almost 90% work between 40-60 hours per week. When it comes to vacation time earned, the numbers are also pretty generous: 71% earned 3-5 weeks vacation, although they did not always take all of that time off.
Relative to compensation levels, some hedge fund professionals feel that they have an additional work load without commensurate compensation. Others feel they earn fair hedge fund compensation given the good work and personal life balance they have achieved. And over 80% of those surveyed who reported an excellent work/life balance said they worked 50 hours or less per week. We did find there is a significant jump in income for putting in 50 hours vs. 40 hours per week.
You can read the executive summary of the Hedge Fund Compensation Report at JobSearchDigest.com