What is the average hedge fund manager salary in Australia?

According to salary survey data, the average hedge fund manager salary in Australia is $198,110 per year, or $95.25 per hour, with an average bonus of $17,731. Entry-level managers earn around $137,069, while senior managers (8+ years) earn about $247,020. These figures are from employer-reported data and may differ from individual arrangements.

How do I calculate annual salary from an hourly rate?

Multiply your hourly rate by the number of hours you work per week, then by 52 weeks. For a standard full-time role, assume 38 hours per week. For example, $95.25 per hour × 38 hours × 52 weeks = $188,214 per year (before bonus). The timesheet on this site uses that formula and also lets you add casual loading.

Does the hedge fund manager salary include super?

No, the quoted salary figures are base earnings before super. The super guarantee is 12% of ordinary time earnings, paid on top, up to the maximum contribution base of $270,830. For a hedge fund manager earning $198,110, the employer would contribute an additional $23,773.20 in super, making total remuneration about $221,883.

How to Convert a Hedge Fund Manager Salary from Hourly to Annual

The average hedge fund manager salary in Australia is around $198,110 per year, based on an hourly rate of $95.25 and a 38-hour week.

Converting a Hedge Fund Manager Salary: Hourly to Annual

If you’re looking at a hedge fund manager salary, you’ll often see it quoted as an hourly rate or an annual figure. Understanding how to convert between the two is essential for comparing job offers, budgeting, and planning your tax and super. This article explains the standard conversion method, how it applies to a hedge fund manager salary, and what other pay concepts you need to know.

The Basic Formula

The standard conversion from hourly to annual is:

Annual gross pay = hourly rate × hours per week × 52 weeks

This assumes you work the same number of hours every week, with no unpaid overtime, penalty rates, or allowances. For full-time employees, the typical week is 38 hours, as set by the Fair Work Act. If your role uses a different base – for example, 40 hours – adjust accordingly. On the timesheet you can enter any hourly rate and hours per week to see your annual, monthly, fortnightly, and weekly figures.

Applying It to a Hedge Fund Manager Salary

According to salary survey data from ERI, the average hedge fund manager salary in Australia is $198,110 per year, based on an hourly rate of $95.25 and a 38-hour week. That works out to:

Weekly: $95.25 × 38 = $3,619.50
Fortnightly: $3,619.50 × 2 = $7,239.00
Annual: $3,619.50 × 52 = $188,214 (before bonus)

The survey also reports an average bonus of $17,731, bringing total cash compensation to around $205,945. Entry-level hedge fund managers (1–3 years) earn about $137,069 per year, while senior managers (8+ years) earn around $247,020.

These figures are from a private salary survey. For comparison, the Australian Bureau of Statistics reports that all managers (a broad occupation group) earned average weekly total cash earnings of $2,800.90 in May 2025, which annualises to about $145,647. Hedge fund managers are a specialised subset and typically earn well above that average.

How This Differs from Award and Minimum Wage Rates

Most Australian employees are covered by an award or enterprise agreement. The National Minimum Wage from 1 July 2026 is $26.44 per hour, or $1,004.90 per week for 38 hours. Casual employees get a 25% loading, making the casual minimum $33.05 per hour. You can find pay guides for specific awards on the pay guides page.

A hedge fund manager salary, however, is almost always set by individual arrangement – not by an award. The ABS reports that 38.5% of all employees have their pay set by individual arrangement, and for managers the proportion is even higher. That means the hourly rate is negotiated directly, and the conversion formula is straightforward.

Casual Loading and the Timesheet Checkbox

If you are a casual employee, your hourly rate typically includes a 25% casual loading. On the timesheet there is a checkbox to add 25% casual loading on top of the base rate you enter. Do not enter a rate that already includes casual loading – enter the base rate and tick the box. For a hedge fund manager, casual employment is rare, but the tool works for any occupation.

Tax and Super on a Hedge Fund Manager Salary

Once you have your annual gross figure, you can estimate tax and super. The Australian Taxation Office’s 2026–27 resident tax rates are:

$0 – $18,200: nil
$18,201 – $45,000: 15% on excess over $18,200
$45,001 – $135,000: 30% on excess over $45,000
$135,001 – $190,000: 37% on excess over $135,000
$190,001+: 45% on excess over $190,000

Plus the Medicare levy of 2% (with reductions for low-income earners). For a hedge fund manager earning $198,110, the estimated tax (including Medicare) would be around $57,000–$58,000, depending on deductions and offsets. Use the take-home pay page for a detailed estimate.

Superannuation is paid on top of your salary. The super guarantee is 12% of ordinary time earnings, up to the maximum contribution base of $270,830. For $198,110, that’s an extra $23,773.20 per year contributed by your employer. This is not deducted from your pay – it’s additional. See super and packaging for more.

Why Fortnightly Pay Matters

Many employers pay fortnightly. For a hedge fund manager salary of $198,110, the fortnightly gross would be about $7,619.62 (annual ÷ 26). Knowing your fortnightly figure helps with budgeting and comparing to award rates, which are often quoted weekly. The timesheet shows all these periods automatically.

Key Differences in Ordinary-Time Earnings

It’s important to distinguish between ordinary-time earnings and total earnings. Ordinary-time earnings are the base rate for standard hours. Overtime, bonuses, and allowances are extra. The hedge fund manager salary figures above are base earnings; the bonus is separate. The ABS data for all employees shows average weekly total cash earnings of $1,611.10 (May 2025), but that includes part-time workers. Full-time adult ordinary-time earnings are $2,083.70 per week, or about $108,352 per year. A hedge fund manager salary is well above that, reflecting the specialised nature of the role.

Using the Timesheet for Your Own Rate

Whether you’re a hedge fund manager or any other professional, the timesheet lets you convert your hourly rate to annual, monthly, fortnightly, and weekly figures. It also estimates tax and super based on the latest ATO rates. Remember that the calculator assumes a consistent rate and no unpaid overtime – adjust your hours if your role is different.

For more context on how your pay compares to others, see average pay and job pay. And if you’re covered by an award, check the pay guides for minimum rates.

Disclaimer

Annual pay shown here is hourly rate × hours per week × 52. It assumes the same rate every week, no unpaid overtime, no penalty rates, no allowances, and no salary sacrifice. Super is estimated at 12% of ordinary earnings only, paid on top, and stops at the $270,830 maximum contribution base. Tax is the 2026–27 resident scale with the full tax-free threshold. Medicare uses the 2025–26 single reduction thresholds because the 2026–27 reduction thresholds were not confirmed here. HELP, the Medicare levy surcharge, and salary packaging are not deducted. This is an estimate, not a determination of your pay or tax.