How to hire an investment fund manager

How to hire an investment fund manager, step by step

Here's a step-by-step investment fund manager hiring guide:

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

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1. Identify your hiring needs

   The investment fund manager hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.

   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 an investment fund 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 an investment fund manager that fits the bill.

   Here's a comparison of investment fund manager salaries for various roles:

   Type of Investment Fund Manager	Description	Hourly rate
   Investment Fund Manager		$31-96
   Portfolio Manager	A portfolio manager is responsible for managing the clients' investment portfolios to advise them of the best investment plans to achieve their financial goals and objectives. Portfolio managers determine the most suitable options by evaluating the clients' credit score and risk potential and the client's financial background... Show more	$31-95
   Mutual Fund Manager	A mutual fund manager implements a company's investing strategy and manages its portfolio trading activities. The responsibilities of this position include picking which assets will be purchased, managing analysts, conducting research on investment opportunities, and overseeing mutual funds or pensions... Show more	$16-65

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Investment Management
   • Securities
   • Financial Statements
   • Mutual Funds
   • Investment Fund
   • Portfolio Management
   • Business Development
   • Anti-Money Laundering
   • Asset Management
   • GAAP
   • Reconciliations
   • Equity Portfolio
   • Fund Administration
   • Hedge Funds

   Check all skills

   Responsibilities:

   • Allocate and manage personal, family and friend's funds utilizing equities, fixed-income, options and futures.
   • Manage investment portfolio traders, execute debt issuance and execute derivative market activity.
   • Manage short term interest rate risk management utilizing basis swaps to modify portfolio duration.
   • Course focuse first on securities analysis and then hands-on management of the portfolio.
   • Facilitate accurate and timely NAV and dividend rate dissemination while ensuring adherence to establish policies and client specific procedures.
   • Adjust sector exposure to express personal macro views, selecting single stocks within sector base on fundamental analysis and technical indicators.

   More investment fund manager duties

3. Make a budget

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

   • Location. For example, investment fund managers' average salary in colorado is 41% less than in alaska.
   • Seniority. Entry-level investment fund managers earn 67% less than senior-level investment fund managers.
   • Certifications. An investment fund 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 an investment fund manager's salary.

   Average investment fund manager salary

   $115,892yearly

   $55.72 hourly rate

   ---

   Entry-level investment fund manager salary

   $66,000 yearly salary

   Updated December 16, 2025

   Average investment fund manager salary by state

   Rank	State	Avg. salary	Hourly rate
   1	California	$140,009	$67
   2	Massachusetts	$133,192	$64
   3	Connecticut	$131,716	$63
   4	Delaware	$129,539	$62
   5	New York	$127,671	$61
   6	District of Columbia	$126,506	$61
   7	Texas	$120,753	$58
   8	Washington	$114,190	$55
   9	Arizona	$112,735	$54
   10	New Jersey	$110,948	$53
   11	Minnesota	$108,287	$52
   12	Georgia	$108,241	$52
   13	North Carolina	$107,640	$52
   14	Florida	$107,300	$52
   15	Illinois	$102,020	$49
   16	Missouri	$86,353	$42
   17	Colorado	$81,061	$39

   Average investment fund manager salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	UBS	$155,958	$74.98	5
   2	Northern Trust	$151,688	$72.93	3
   3	RSM US	$142,415	$68.47
   4	Wealth Enhancement Group	$139,306	$66.97	1
   5	SEI Investments	$137,686	$66.20	6
   6	State Street	$136,145	$65.45	11
   7	SEI LLC	$134,470	$64.65	5
   8	Samsung Electronics Device Solutions (Semiconductor & Display)	$130,194	$62.59
   9	ORS Partners	$128,765	$61.91
   10	BNY Mellon	$126,505	$60.82	3
   11	Empower Retirement	$110,672	$53.21
   12	Acuity Insurance	$109,646	$52.71
   13	Amazon	$109,345	$52.57	5
   14	Andersen	$108,175	$52.01
   15	Bridge Investment Group	$106,306	$51.11	1
   16	Fidelity Investments	$103,085	$49.56	15
   17	Weaver	$101,650	$48.87
   18	Robert Half	$97,856	$47.05	37
   19	Plante & Moran PLLC.	$96,585	$46.44	2
   20	Vanguard Services	$73,405	$35.29	9

4. Writing an investment fund manager job description

   A job description for an investment fund manager role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's an investment fund manager job description:

   Investment fund manager job description example

   The Investment Manager Services Division (IMS) at SEI is growing rapidly and is seeking new members on our Alternative Investment Funds Fund Accountant Team. Our primary goal is to provide exceptional customer service and accounting and administration servicing for our clients' assigned hedge and private equity funds. As a fund accountant manager, you will oversee the accounting operations and resolution of accounting issues for clients.
   What you'll do:
   
   ' As the main contact for clients, we will need you to demonstrate your expertise in the area of offshore and domestic fund accounting and administration for alternative funds. You will manage the delegation of funds to your team, coordinate/onboard new fund set ups, serve as a liaison between clients and internals teams, and work closely with all parties to provide accurate and thorough accounting packages.
   
   ' As the record keepers for the fund, you and your team will be involved in the coordination and support of various year-end audit engagements in accordance with GAAP accounting standards. We will need you to perform due-diligence to ensure clients are in compliance with government laws and regulations.
   
   ' You will be required to adhere to our Anti-Money Laundering policies and procedures when reviewing all fund transactions. As a Fund Accountant Manager, you are responsible for ensuring your team is in compliance with our department's rules and regulations designed to stop the practice of generating income through illegal actions.
   
   ' You and your team will generate and reconcile all accounting reporting, such as month-end valuation reports. You will review and approve month-end valuations prior to distribution to client with a goal of 100% accuracy. In addition, you will authorize wire payments from fund's escrow accounts.
   
   ' You will correspond with investment managers and regarding day-to-day inquiries, including questions on transactions associated with the fund(s), administration servicing planning and reporting of funds and financial statements. Client engagement and a dedication to quality service is a must for success.
   
   ' You will communicate with investment managers, transfer agents, and sales and service teams to resolve open issues and questions, reaching out to internal technology support and vendor support when necessary to resolve any production issues or system support queries.
   
   ' You will conduct performance appraisals, monthly one-on-ones with your supervisors and analysts and provide career pathing and training. You will also ensure staffing requirements are met by assessing resource requirements, interviewing candidates and hiring employees. You will provide and foster a team environment to include individual development, promotions and disciplinary action.
   
   ' You will support the new business development and relationship teams for prospect calls, client visits and presentations. You will facilitate the on-boarding of new and converted clients by gathering client requirements, submitting any custom requests and communicating key deliverables to your team members.
   
   ' We want you to succeed and look for future solutions! Through attending and participating in various IMS and corporate professional development sessions, you will acquire the tools to identify processes across the division and organization. You will have the opportunity to partner with a diverse team and grow your career.
   
   What you bring to the table:
   
   ' BA / BS in Business, Accounting, Finance, Economics, Mathematics or equivalent professional experience.
   
   ' 5 years experience in the fund services industry, alternatives experience required.
   
   ' Minimum of 2 years' supervisory or management experience.
   
   ' Intermediate skills in Microsoft Excel.
   
   ' The self-motivation, organization and drive to complete multiple client deliverables in a timely manner without sacrificing excellence or quality.
   
   ' Strong written and verbal communication skills as you will primarily support your clients through email and/or phone calls.
   
   ' Strong customer service skills as you will be communicating daily with your clients and other service providers.
   
   Attributes we value:
   
   ' A drive to broaden one's knowledge of the financial services industry by learning new concepts and systems and taking the initiative to apply it to daily work assignments.
   
   ' Attention-to-detail to ensure that all deliverables consistently meet the highest standard of quality and accuracy
   
   ' Collaboration with internal and external stakeholders. As the needs of our clients change, we need to be flexible to change with them.
   
   ' Positivity and collegial approach in assisting both colleagues and clients and the ability to work in team environment.
   
   ' Curiosity, critical thinking and attention to detail: Whether it's to identify a solution to a problem or possibly help implement a more efficient process or procedure, your skills have a place in our business.
   
   SEI is an Equal Opportunity Employer and so much more…
   
   After 50 years in business, SEI is a leading global provider of investment processing, investment management, and investment operations solutions. Reflecting our experience within financial services and financial technology our Oaks, PA office encompasses an open floor plan and numerous art installations designed to encourage innovation and creativity in our workforce. We recognize that our people are our most valuable asset and that a healthy, happy, and motivated workforce is key to our continued success. At SEI, we're (literally) invested in your success. We offer our employees paid parental leave, back-up childcare arrangements, paid volunteer days, education assistance, and access to thriving employee networks.
   
   SEI is an equal opportunity / affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability status, protected veteran status, or any other characteristic protected by l","title":"Manager, Alternative Investment Funds","

   Copy this example

   

5. Post your job

   There are various strategies that you can use to find the right investment fund 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 investment fund manager job on Zippia to find and recruit investment fund manager candidates who meet your exact specifications.
   • Use field-specific websites.
   • Post a job on free websites.

6. Interview candidates

   Recruiting investment fund managers requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.

   It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you 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 investment fund manager

   Once you have selected a candidate for the investment fund 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.

   You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.

   To prepare for the new investment fund manager first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.

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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