How to hire a fixed income manager

How to hire a fixed income manager, step by step

Here's a step-by-step fixed income manager hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write a fixed income manager job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new fixed income manager
• Step 8: Go through the hiring process checklist

What does a fixed income manager do?

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1. Identify your hiring needs

   First, determine the employments status of the fixed income manager you need to hire. Certain fixed income manager roles might require a full-time employee, whereas others can be done by part-time workers or contractors.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   You should also consider the ideal background you'd like them a fixed income manager to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a fixed income manager that fits the bill.

   The following list breaks down different types of fixed income managers and their corresponding salaries.

   Type of Fixed Income Manager	Description	Hourly rate
   Fixed Income Manager	Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.	$28-113
   Manager/Finance Accounting	A manager of finance accounting's role is to oversee the financial activities in a company or organization. Their responsibilities revolve around coordinating with other departments to gather financial data, analyze the revenues and expenditures, and develop written reports and presentations... Show more	$31-61
   Cash Manager	A cash manager is responsible for monitoring cash flow, analyzing financial transactions, and allocating adequate budget and resources for every department's operations. Cash managers conduct data and statistical analysis to determine the company's expenses and financial loss and strategize techniques in minimizing those risks... Show more	$31-62

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Fixed Income
   • Client Relationships
   • Risk Management
   • Securities
   • Derivative
   • Balance Sheet
   • Portfolio Management
   • Bonds
   • Income Products
   • Bloomberg
   • Asset Classes
   • Capital Markets
   • Financial Institutions
   • Equities

   Check all skills

   Responsibilities:

   • Manage operational functions for MBS sales force.
   • Work with DTC to automate uploads of CDS/IRS trades electronically.
   • Manage derivatives, cash equities, ETF's and other equity-link products.
   • Manage operational build out of credit derivatives (CDS, CDX and IRS) designing workflows and building operational risk controls.
   • Leverage cash sales client relationships to complete firm s full service global platform and become a repo sales-trader.
   • Design bond ladders, swaps, and trades for clients.

   More fixed income manager duties

3. Make a budget

   Including a salary range in your fixed income manager job description is a great way to entice the best and brightest candidates. A fixed income manager salary can vary based on several factors:

   • Location. For example, fixed income managers' average salary in alabama is 55% less than in alaska.
   • Seniority. Entry-level fixed income managers earn 75% less than senior-level fixed income managers.
   • Certifications. A fixed income manager with a few certifications under their belt will likely demand a higher salary.
   • Company. Working for a prestigious company or an exciting start-up can make a huge difference in a fixed income manager's salary.

   Average fixed income manager salary

   $118,511yearly

   $56.98 hourly rate

   ---

   Entry-level fixed income manager salary

   $59,000 yearly salary

   Updated January 21, 2026

   Average fixed income manager salary by state

   Rank	State	Avg. salary	Hourly rate
   1	California	$161,447	$78
   2	Washington	$135,983	$65
   3	New York	$128,808	$62
   4	New Jersey	$126,489	$61
   5	Massachusetts	$126,446	$61
   6	Virginia	$123,468	$59
   7	Delaware	$123,009	$59
   8	Maryland	$121,525	$58
   9	Florida	$117,355	$56
   10	Ohio	$115,267	$55
   11	Connecticut	$113,052	$54
   12	Michigan	$111,011	$53
   13	Minnesota	$105,384	$51
   14	Texas	$103,581	$50
   15	Colorado	$101,789	$49
   16	Illinois	$100,837	$48
   17	Louisiana	$100,388	$48
   18	North Carolina	$99,369	$48
   19	Indiana	$97,482	$47
   20	Georgia	$94,342	$45

   Average fixed income manager salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	Bloomberg	$175,223	$84.24	4
   2	CFA Institute	$173,117	$83.23
   3	J.P. Morgan	$169,345	$81.42
   4	UBS	$162,600	$78.17	5
   5	Goldman Sachs	$158,676	$76.29	6
   6	Tradeweb	$151,907	$73.03	2
   7	FHLBank Chicago	$151,370	$72.77
   8	Barclays	$149,058	$71.66
   9	State Street	$147,272	$70.80
   10	Jefferies	$147,153	$70.75
   11	Novartis	$145,282	$69.85
   12	MPG	$143,780	$69.13
   13	Morgan Stanley	$143,556	$69.02	34
   14	Lord Abbett	$141,521	$68.04	3
   15	Mesirow	$137,146	$65.94
   16	DRW	$136,216	$65.49	1
   17	BlackRock	$135,632	$65.21	5
   18	Microsoft	$134,301	$64.57	49
   19	StoneX Group	$129,351	$62.19	1
   20	HSBC Bank	$128,148	$61.61	4

4. Writing a fixed income manager job description

   A good fixed income manager job description should include a few things:

   • Summary of the role
   • List of responsibilities
   • Required skills and experience

   Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a fixed income manager job description:

   Fixed income manager job description example

   Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
   Department Profile
   Internal Audit is responsible for validating whether the firm operates in a controlled environment with appropriate risk-management processes. Auditors evaluate the adequacy and effectiveness of the firm's internal controls using a risk-based methodology developed from professional auditing standards. Internal Audit assists in monitoring the firm's compliance with internal guidelines set for risk management and risk monitoring, as well as external rules and regulations governing the industry.
   The team reports directly to the Board Audit Committee and helps verify whether the firm meets all of its fiduciary responsibilities to shareholders, while adhering to corporate-governance standards and legal and regulatory requirements.
   Internal Audit is comprised of Business, Risk and Technology auditors. Business and Risk auditors focus on understanding the risks that the businesses face and the controls to mitigate those risks. Technology auditors focus on the application controls supporting the business processes, including systems development, application security and entitlements, production management, and technology governance. Both groups are responsible for understanding, analyzing and testing the controls to protect the franchise.
   QUALIFICATIONS
   Primary Responsibilities
   The Auditor's responsibilities include but are not limited to:
   - Identify and assess areas of critical and high risks and evaluate the soundness of their controls as part of audits, continuous monitoring and closure verification work in order to formulate a point of view of the control environment
   - Drive discussions and asks probing questions to further dialogue with senior business stakeholders to understand risk drivers, control state, and impact
   - Plan and execute audits, continuous monitoring and closure verification work on sales, trading and support groups on time and within budgets. Provide guidance to junior staff as needed.
   - Proactively monitors and address key metrics associated with audit plans, resources and issues and actions
   - Manage and mentor junior staff
   
   Skills required
   - Good understanding of the operation of financial markets, financial instruments and strategies
   - Demonstrates critical thinking by gathering and synthesizing information to form a basis for analysis and formulate a viewpoint
   - Communicates with impact, able to state risk and issues concisely and articulates impact in a structured manner both written and verbally
   - Applies knowledge of key regulations to influence audit work and understands the impact to the business line
   - Ability to work independently and with a team on assignments, while multi-tasking and meeting deadlines
   - 3 to 4 year university / college degree
   Skills desired
   - 8 years audit experience, primarily in financial markets
   - Good understanding of key financial industry regulations and capital market related products in both fixed income and equities.
   - Strong understanding of impact of counterparty risk associated with derivative transactions.
   - Preferably AC, ACA, CPA, CIA or other accounting qualification
   - Preferably CFA, FRM or other financial/risk qualification
   
   **Job:** **Audit*
   
   **Title:** *Internal Audit-Fixed Income-Senior Manager*
   
   **Location:** *Maryland-Baltimore*
   

   Copy this example

   

5. Post your job

   There are various strategies that you can use to find the right fixed income manager for your business:

   • Consider promoting from within or recruiting from your existing workforce.
   • Ask for referrals from friends, family members, and current employees.
   • Attend job fairs at local colleges to find candidates who meet your education requirements.
   • Use social media platforms like LinkedIn, Facebook, and Twitter to reach potential job candidates.

   Post your job online:

   • Post your fixed income manager job on Zippia to find and recruit fixed income manager candidates who meet your exact specifications.
   • Use field-specific websites.
   • Post a job on free websites.

6. Interview candidates

   Your first interview with fixed income manager candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.

   Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new fixed income manager

   Once you have selected a candidate for the fixed income manager position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.

   It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.

   Once that's done, you can draft an onboarding schedule for the new fixed income manager. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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