“It seems most job titles have specific educational requirements. From the survey results, a Bachelors degree is definitely a minimum educational requisite; however, having an advanced degree or MBA is not a requirement for many positions. A Masters Degree or MBA is more prevalent in the Analyst, Portfolio Manager and Trader roles (38% have an advanced degree). Some key administrative positions require professional certifications such as CPA.
“When it comes to compensation, the MBA does seem to pay off. MBA’s, on average, are earning 33% more in cash compensation – most of which is earned in bonus.
“When it comes to satisfaction with overall compensation, the MBA’s are actually less satisfied than all the respondents. This is likely due to expectations of additional compensation such as equity in the firm.”
From the 2007 Hedge Fund Search Digest Compensation Survey