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China Hedge Funds Pay $300,000 to Beat Wall Street to Best Graduates

  • Booming hedge fund industry is boosting offers for new joiners
  • Pay is about triple that of college graduates on Wall Street
Bloomberg business news
Chinese Hedge Funds Offer Graduates Up to $300,000
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When computing major Garen Zhou deferred his studies in the U.S. because of the pandemic, he applied for internships at China’s biggest internet companies.

In the end, the Peking University graduate chose Ubiquant, a local hedge fund managing $8 billion of assets which is offering top college leavers like Ph.D.s annual salaries of as much as $300,000. After a year, Zhou became a permanent employee, giving up his enrollment at Johns Hopkins University.