60 percent of the time, it works every time
When Alex Goldstein was just 7 years old, he says, he was drawn to extreme weather. Within 10 years, he convinced his father to take him storm chasing and hasn’t stopped since.
Now, at 35, he leads a small group of data scientists and meteorologists who help teams of traders at one of the world’s largest hedge funds position themselves in commodities markets.
Millennium Management’s Goldstein and other specialists like him who can help model weather patterns in an increasingly volatile climate have become one of the most sought-after groups for hedge funds and trading firms. […]
Hedge funds on average hired 23% more weather experts, including data scientists and meteorologists, in 2024 compared to a year earlier. […] The average pay package has also increased by 18%, with the top talent getting as much as between $750,000 and $1 million.
That compares to a median salary in 2023 of about $93,000 for atmospheric scientists, including meteorologists, according to the US Bureau of Labor Statistics.
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