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Chelsea Clinton Gets New Job, Bursts Bubble


Photo: Patrick McMullan

Chelsea Clinton is changing jobs. Apparently tired of the consultant’s life, the former first daughter is leaving McKinsey for a new gig at, natch, a hedge fund, Avenue Capital Group, according to Ben Smith in the Daily News. At McKinsey, she reportedly started with a $120,000 annual salary. How much does she stand to make as a hedgie? We checked in with one — an old high-school friend, who clearly makes much more than we do — to find out.

As a first-year analyst at a hedge fund with some but not a lot of relevant experience, she’ll probably pull in $100k base and maybe $150k bonus (though the bonus will depend wildly on the year that Avenue has).

He added: “This is how you know the bubble is over.”

New Gig Has Chelsea Hedging Into Big Money [NYDN]
Get Richest Quickest [NYM]

Chelsea Clinton Gets New Job, Bursts Bubble