Fund Manager's Salaries - Compensation

2005

by one measure, portfolio managers at mutual funds are pulling down more than their counterparts at hedge funds,

mutual-fund managers' median pay, including salary and bonus, is $390,000, up 34% from $291,252 two years ago, according to the study. In the two years ended March 31, 2005, the Dow Jones Industrial Average was up more than 30%, and mutual-fund assets rose 28% to more than $8 trillion,

The median U.S. stock-fund managers' pay is $460,000, up 48% from two years ago, but down from the $481,500 peak in 2001, when checks were inflated by bull-market bonuses, the study found. Meantime, the median U.S. bond-fund managers' pay is $340,000, a new high and up 30% from two years ago.

Managers running foreign bond funds had the biggest jump in compensation, with median pay of $460,000, up 92% from two years ago. The increase likely reflects the solid returns posted by -- and rising assets in -- emerging-market and other foreign bond funds in the past two years.


Median pay for investment pros at hedge funds, including fund managers, analysts and traders, was $250,000 in 2005, slightly higher than $240,000 for mutual funds. But the $390,000 median salary of a mutual-fund manager is higher than the $330,000 for a hedge-fund manager.

http://www.careerjournal.com/salaryhiring/industries/financialservices/20050511-mcdonald.html
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http://www.careerjournal.com/salaryhiring/industries/financialservices/20050429-investment-tab.html?cjsource=text


Average annual salary and salary range in the New York Tri-State region*
in 2005


Source: "2005 Adams Annual Financial Services Industry Salary Survey of the New York Tri-State Region," Adams Consulting Group LLC, New York, N.Y.

Detains given in the order Position--------- Salary--------- Salary range
Chief financial officer/chief operating officer/financial-operations principal $190,000 $120,000 -- $200,000 plus bonus
Fixed-income sales and trading -- vice president 240,000 150,000 -- 250,000 plus bonus
Senior fixed-income trader 175,000 135,000 -- 180,000 plus bonus
Director of trading equities -- vice president 230,000 162,000 -- 245,000 plus bonus
Trader 175,000 100,000 -- 220,000
Institutional sales -- vice president 225,000 100,000 -- 250,000 plus bonus
Sales trader -- equities 225,000 150,000 -- 225,000 plus bonus
Director -- research 200,000 150,000 -- 225,000
Sales/distribution manager 147,000 125,000 -- 150,000 plus bonus
Portfolio manager -- vice president 190,000 115,000 -- 200,000 plus bonus
Private banking (domestic) -- vice president 155,000 125,000 -- 170,000
Private banking (international) -- vice president 170,000 110,000 -- 195,000