One other point I should make is that salaries are usually pretty small. $50,000/year at a fund isn't unheard of. Many people draw no salary after they've bee

One other point I should make is that salaries are usually pretty small. $50,000/year at a fund isn't unheard of. Many people draw no salary after they've been at a fund for a few years. The idea being that you put your money where your mouth is. If you're good you get paid via year end bonus, otherwise you leave the industry:)