
Risk management positions are hedge fund jobs associated with assigning objective numerical values to probabilities of negative financial events. A risk manager in a hedge fund job is responsible for calculating the risk associated with currently held portfolios in order to recommend changes, or assessing the risk on a potential investment to help the portfolio manager decide if the potential gain is worth the associated possible loss.
Risk management requires a strong preparation in business, accounting, and statistics, and advanced business degrees from recognized colleges or universities are a competitive advantage to individuals seeking these hedge fund jobs. Qualified risk managers in hedge fund jobs can expect a starting salary around $50,000, although salaries may be higher with larger or more successful funds. Risk managers will likely earn hundreds of thousands to millions of dollars over the course of a career.
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