Mutual Fund Portfolio Managers

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Dec 26, 2006 10:44 am

Just wondering what is the average pay for a mutual fund portfolio manager.  And who are the top paid portfolio managers.  Thanks

Dec 26, 2006 10:48 am
TOP BROKER:

Just wondering what is the average pay for a mutual fund portfolio manager.  And who are the top paid portfolio managers.  Thanks



eleventy kabillion plus bonus....

Dec 26, 2006 3:20 pm
TOP BROKER:

Just wondering what is the average pay for a mutual
fund portfolio manager.  And who are the top paid portfolio
managers.  Thanks





Much more than you could possibly imagine. And if you want to make even more money, you manage a hedge fund.




Dec 27, 2006 9:30 am
TOP BROKER:

Just wondering what is the average pay for a mutual fund portfolio manager.  And who are the top paid portfolio managers.  Thanks


It will depend and vary greatly.  I know Analysts that make more than PMs and PMs that will make more than Analysts.  The total package and who is paid the most will more than likely be based on performance of their products and their individual contribution.


For example, I placed a Sr. International Analyst with a mid-sized firm in Q4 and his offer was a base of $200k with bonus potential to double that.


I also had a Sr. Portfolio Manager start with a client of ours that was covering Asia ex. Japan within their emerging markets strategy.  He is earning a base of $250k with bonus multipliers to earn an additional 250% of their base salary in the form of bonus.


For the most part, Analysts will earn between $75-250k (with some exceptions) and PMs will earn between $150-400k (with some exceptions).


I would have to imagine a guy like Bill Miller at Legg, who has been on top of his world for 15 years (with this year being a down one for him), would be an example of one of the higher paid PMs and I'm sure has W2'd more than $1M for most of those years. 

Dec 27, 2006 10:03 am

Thanks