How to hire a mutual fund manager

How to hire a mutual fund manager, step by step

Here's a step-by-step mutual 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 a mutual fund manager job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new mutual fund manager
• Step 8: Go through the hiring process checklist

What does a mutual fund manager do?

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1. Identify your hiring needs

   Before you post your mutual fund manager job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a mutual fund manager for hire on a part-time basis or as a contractor.

   Determine employee vs contractor status

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

   Yes

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   Hiring the perfect mutual fund manager also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.

   This list shows salaries for various types of mutual fund managers.

   Type of Mutual Fund Manager	Description	Hourly rate
   Mutual Fund Manager		$16-65
   Manager	Managers are responsible for a specific department, function, or employee group. They oversee their assigned departments and all the employees under the department... Show more	$17-44
   Hedge Fund Manager	A hedge fund manager manages an investment pool, popularly called a hedge fund. This entails managing liquid assets that have been contributed by a limited number of investors who have met a certain net worth investment... Show more	$33-125

2. Create an ideal candidate profile

   Common skills:

   • Financial Reports
   • Portfolio
   • Payroll
   • Oversight
   • Financial Analysis
   • GAAP
   • Financial Statements
   • Derivative
   • Ledgers
   • Securities
   • Real Estate
   • Mutual Funds
   • Client Service
   • Reconciliations

   Check all skills

   Responsibilities:

   • Manage the student-run investment fund with over $720K AUM.
   • Manage investment research and support for 8 FX desk traders.
   • Manage AUM 2MM seeder fund using conservative proprietary arbitrage trading strategies on stocks and options.
   • Lead upgrade that streamline the interface for entering custom swaps, and automate the process for creating standard swaps.
   • Manage short term interest rate risk management utilizing basis swaps to modify portfolio duration.
   • Administer software to automate and standardize engineering functions using Pro/E, AutoCad and ProductView.

   More mutual fund manager duties

3. Make a budget

   Including a salary range in your mutual fund manager job description is one of the best ways to attract top talent. A mutual fund manager can vary based on:

   • Location. For example, mutual fund managers' average salary in nebraska is 53% less than in alaska.
   • Seniority. Entry-level mutual fund managers 75% less than senior-level mutual fund managers.
   • Certifications. A mutual fund manager with certifications usually earns a higher salary.
   • Company. Working for an established firm or a new start-up company can make a big difference in a mutual fund manager's salary.

   Average mutual fund manager salary

   $68,537yearly

   $32.95 hourly rate

   ---

   Entry-level mutual fund manager salary

   $34,000 yearly salary

   Updated December 5, 2025

   Average mutual fund manager salary by state

   Rank	State	Avg. salary	Hourly rate
   1	New York	$89,072	$43
   2	Connecticut	$84,818	$41
   3	Delaware	$83,980	$40
   4	Massachusetts	$83,815	$40
   5	California	$77,376	$37
   6	Washington	$74,371	$36
   7	Arizona	$73,098	$35
   8	New Jersey	$71,869	$35
   9	Pennsylvania	$71,023	$34
   10	Illinois	$68,391	$33
   11	Florida	$67,727	$33
   12	Georgia	$57,021	$27
   13	Ohio	$54,654	$26
   14	Utah	$51,376	$25
   15	Colorado	$44,046	$21

   Average mutual fund manager salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	University of Maryland Medical System	$191,612	$92.12
   2	BNY Mellon	$126,902	$61.01	1
   3	JPMorgan Chase & Co.	$121,944	$58.63	21
   4	Point72	$121,465	$58.40	1
   5	UBS	$116,225	$55.88	2
   6	Northern Trust	$112,897	$54.28	1
   7	Oaktree Capital Management	$111,839	$53.77
   8	SS&C Technologies	$105,686	$50.81	10
   9	RSM US	$102,672	$49.36
   10	Advent Software	$97,920	$47.08
   11	Deloitte	$95,927	$46.12	12
   12	UC Merced	$93,721	$45.06
   13	Vista Equity Partners	$90,523	$43.52
   14	University of California	$90,256	$43.39	2
   15	Ontario Systems	$89,260	$42.91
   16	U.S. Bank	$86,064	$41.38	20
   17	University of California-Berkeley	$85,630	$41.17
   18	KPMG LLP	$82,772	$39.79	10
   19	Greentree Mortgage Company	$65,127	$31.31
   20	Tobii Dynavox	$61,125	$29.39

4. Writing a mutual fund manager job description

   A job description for a mutual 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 a mutual fund manager job description:

   Mutual fund manager job description example

   Mutual funds-Are you a leader, passionate about financial products and understand regulated investment companies, Subchapter M, section 4982 excise calculations, and tax compliance.? If this is music to your ears, and you love a challenge and a very fast-paced environment, we have the career for you!
   What you'll do
   
   As a Tax Manager, you will draw on experience in accounting and taxation to provide tax compliance and consulting services to Investment Management clients. You will conduct day-to-day management of accounts by delivering tax consulting services to the client and bringing in specialists when necessary; perform a high-level of tax research and work on regulated investment company (RIC) tax work papers, financial statement provisions and related tax disclosures and federal and relevant state returns, excise calculations, and RIC compliance tests. Additionally, you will motivate, mentor, supervise, and train new and experienced-level Tax Consultants and Tax Seniors; begin taking on lead client contact roles on engagements; be involved in sales and marketing activities; attend required training; and facilitate at least one engagement-specific training and one national training per year.
   
   The team
   
   As global leaders in providing professional services to the Investment Management industry, Deloitte Tax LLP works with clients to address a range of critical issues brought on by regulatory changes, competition, globalization, advances in technology, and the changing demands of their investors/customers. Our US tax industry group is comprised of more than 1,400 partners, principals, and employees providing a spectrum of tax services to a broad range of Investment Management companies. Our clients include investment advisers and administrators from every sector of the industry, including hedge funds, private equity, investment partnerships, alternative products, family offices, mutual funds, broker-dealers, banks, insurance companies, and other investment managers.
   
   Qualifications
   
   Required:
   
   + 4+ years' experience providing tax planning services or preparing and reviewing client work papers and income tax returns
   
   + Bachelor's degree in accounting, finance, or other business-related field
   
   + One of the following accreditations obtained:
   
   + Licensed CPA in state of practice/primary office if eligible to sit for the CPA
   
   + If not CPA eligible:
   
   + Licensed attorney
   
   + Enrolled Agent
   
   + Demonstrated advanced understanding of Subchapter M, financial products, and book to tax adjustments common to regulated investment companies
   
   + Ability to travel 25%, on average, based on the work you do and the clients and industries/sectors you serve
   
   + Limited immigration sponsorship may be available.
   
   Preferred:
   
   + Previous Big 4 experience
   
   + Experience working in a fast-paced, team environment
   
   + Strong verbal and written communication skills
   
   + Knowledge of fund accounting and general ledger accounting
   
   + Demonstrated basic understanding of Subchapter K and investment partnership taxation
   
   fsitax
   
   btstax
   
   All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability or protected veteran status, or any other legally protected basis, in accordance with applicable law.

   Copy this example

   

5. Post your job

   To find the right mutual fund manager for your business, consider trying out a few different recruiting strategies:

   • Consider internal talent. One of the most important sources of talent for any company is its existing workforce.
   • Ask for referrals. Reach out to friends, family members, and current employees and ask if they know or have worked with mutual fund managers they would recommend.
   • Recruit at local colleges. Attend job fairs at local colleges to recruit mutual fund managers who meet your education requirements.
   • Social media platforms. LinkedIn, Facebook and Twitter now have more than 3.5 billion users, and you can use social media to reach potential job candidates.

   Post your job online:

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

6. Interview candidates

   Your first interview with mutual fund 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.

   It's also good to ask about candidates' unique skills and talents. You can move on to the technical interview if a candidate is good enough for the next step.

   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 mutual fund manager

   Once you've selected the best mutual fund manager candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing 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 employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.

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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