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Mutual fund manager salary
Average mutual fund manager salary
$68,537
Understanding Mutual Fund Manager Salaries
The average salary for a Mutual Fund Manager is approximately $68,537 annually. This figure can vary based on several factors, including geographic location, years of experience, and the specific financial services firm. For instance, managers in major cities such as New York or San Francisco often command higher salaries due to the higher cost of living and local demand for skilled professionals.
In addition to base salary, many mutual fund managers receive performance bonuses, which can significantly enhance overall compensation. As investment strategies evolve, professionals in this field must stay updated with market trends and regulatory changes to maintain a competitive edge.
To maximize earning potential, aspiring mutual fund managers should focus on gaining experience through internships, pursuing relevant certifications like the CFA (Chartered Financial Analyst), and networking within the finance community. Explore job openings on Zippia to find opportunities that align with your career goals.
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Where can a Mutual Fund Manager earn more?
Average mutual fund manager salary by state
The average mutual fund manager salary in Alaska, New York, and Nevada are the highest in the U.S. The lowest average mutual fund manager salary states are South Carolina, South Dakota, and Hawaii.
- State view
- County view
Highest paying states for mutual fund managers
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Alaska | $93,524 | $44.96 |
| 2 | New York | $88,161 | $42.39 |
| 3 | Connecticut | $84,420 | $40.59 |
| 4 | Nevada | $87,127 | $41.89 |
| 5 | Delaware | $83,417 | $40.10 |
| 6 | District of Columbia | $81,078 | $38.98 |
| 7 | Massachusetts | $83,462 | $40.13 |
| 8 | Rhode Island | $84,399 | $40.58 |
| 9 | Pennsylvania | $74,915 | $36.02 |
| 10 | Michigan | $74,388 | $35.76 |
| 11 | Arizona | $72,776 | $34.99 |
| 12 | New Jersey | $71,864 | $34.55 |
| 13 | New Hampshire | $82,069 | $39.46 |
| 14 | Washington | $73,147 | $35.17 |
| 15 | Illinois | $67,766 | $32.58 |
| 16 | Vermont | $79,296 | $38.12 |
| 17 | Texas | $69,277 | $33.31 |
| 18 | Oregon | $75,364 | $36.23 |
| 19 | Virginia | $69,997 | $33.65 |
| 20 | California | $71,352 | $34.30 |
| 21 | Florida | $67,322 | $32.37 |
| 22 | New Mexico | $72,814 | $35.01 |
| 23 | Maryland | $63,958 | $30.75 |
| 24 | Maine | $70,770 | $34.02 |
| 25 | Indiana | $57,991 | $27.88 |
| 26 | Wisconsin | $61,675 | $29.65 |
| 27 | Arkansas | $56,430 | $27.13 |
| 28 | Georgia | $57,376 | $27.58 |
| 29 | North Carolina | $58,556 | $28.15 |
| 30 | Ohio | $56,338 | $27.09 |
| 31 | Minnesota | $59,969 | $28.83 |
| 32 | Idaho | $63,971 | $30.76 |
| 33 | Tennessee | $57,279 | $27.54 |
| 34 | West Virginia | $56,025 | $26.94 |
| 35 | Oklahoma | $57,847 | $27.81 |
| 36 | Utah | $52,443 | $25.21 |
| 37 | Alabama | $53,621 | $25.78 |
| 38 | Louisiana | $53,155 | $25.56 |
| 39 | Iowa | $51,208 | $24.62 |
| 40 | Montana | $51,828 | $24.92 |
| 41 | Missouri | $44,539 | $21.41 |
| 42 | North Dakota | $52,278 | $25.13 |
| 43 | Kentucky | $48,132 | $23.14 |
| 44 | Wyoming | $52,333 | $25.16 |
| 45 | Hawaii | $46,191 | $22.21 |
| 46 | South Carolina | $46,656 | $22.43 |
| 47 | Colorado | $44,454 | $21.37 |
| 48 | Kansas | $47,582 | $22.88 |
| 49 | Mississippi | $48,356 | $23.25 |
| 50 | South Dakota | $46,320 | $22.27 |
| 51 | Nebraska | $44,034 | $21.17 |
Highest paying cities for mutual fund managers
The highest-paying cities for mutual fund managers are New York, NY, Stamford, CT, and Wilmington, DE.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York, NY | $89,072 | $42.82 |
| 2 | Stamford, CT | $84,818 | $40.78 |
| 3 | Wilmington, DE | $83,980 | $40.38 |
| 4 | Boston, MA | $83,815 | $40.30 |
| 5 | San Francisco, CA | $77,376 | $37.20 |
| 6 | Seattle, WA | $74,371 | $35.76 |
| 7 | Phoenix, AZ | $73,098 | $35.14 |
| 8 | Jersey City, NJ | $71,869 | $34.55 |
| 9 | Pittsburgh, PA | $71,023 | $34.15 |
| 10 | Chicago, IL | $68,391 | $32.88 |
| 11 | Plantation, FL | $67,727 | $32.56 |
| 12 | Atlanta, GA | $57,021 | $27.41 |
| 13 | Dublin, OH | $54,654 | $26.28 |
| 14 | Salt Lake City, UT | $51,376 | $24.70 |
| 15 | Denver, CO | $44,046 | $21.18 |
Mutual fund manager salary details
A mutual fund manager's salary ranges from $34,000 a year at the 10th percentile to $137,000 at the 90th percentile.
What is a mutual fund manager's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $137,000 | $11,417 | $66 |
| 75th Percentile | $98,000 | $8,167 | $47 |
| Average | $68,537 | $5,711 | $33 |
| 25th Percentile | $47,000 | $3,917 | $23 |
| 10th Percentile | $34,000 | $2,833 | $16 |
Highest paying mutual fund manager jobs
The highest paying types of mutual fund managers are hedge fund manager, investment fund manager, and assistant vice president operations.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Manager | $58,651 | $4,888 | $28.20 | 1,236,194 |
| Hedge Fund Manager | $135,399 | $11,283 | $65.10 | 2,225 |
Top companies hiring mutual fund managers now:
Which companies pay mutual fund managers the most?
Mutual fund manager salaries at University of Maryland Medical System and BNY Mellon are the highest-paying according to our most recent salary estimates. In addition, the average mutual fund manager salary at companies like JPMorgan Chase & Co. and Point72 are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | University of Maryland Medical System | $191,612 | $92.12 |
| 2 | BNY Mellon | $126,902 | $61.01 |
| 3 | JPMorgan Chase & Co. | $121,944 | $58.63 |
| 4 | Point72 | $121,465 | $58.40 |
| 5 | UBS | $116,225 | $55.88 |
| 6 | Northern Trust | $112,897 | $54.28 |
| 7 | Oaktree Capital Management | $111,839 | $53.77 |
| 8 | SS&C Technologies | $105,686 | $50.81 |
| 9 | RSM US | $102,672 | $49.36 |
| 10 | Advent Software | $97,920 | $47.08 |
| 11 | Deloitte | $95,927 | $46.12 |
| 12 | UC Merced | $93,721 | $45.06 |
| 13 | Vista Equity Partners | $90,523 | $43.52 |
| 14 | University of California | $90,256 | $43.39 |
| 15 | Ontario Systems | $89,260 | $42.91 |
| 16 | U.S. Bank | $86,064 | $41.38 |
| 17 | University of California-Berkeley | $85,630 | $41.17 |
| 18 | KPMG LLP | $82,772 | $39.79 |
| 19 | Greentree Mortgage Company | $65,127 | $31.31 |
| 20 | Tobii Dynavox | $61,125 | $29.39 |
Wage gap by gender, race and education
Mutual fund manager salary trends
The average mutual fund manager salary has risen by $8,437 over the last ten years. In 2014, the average mutual fund manager earned $60,100 annually, but today, they earn $68,537 a year. That works out to a 8% change in pay for mutual fund managers over the last decade.
Compare mutual fund manager salaries for cities or states with the national average over time.
Average mutual fund manager salary over time
Compare mutual fund manager salaries for individual cities or states with the national average.
Mutual fund manager salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $68,500 | $32.95 | +4.1% |
| 2024 | $65,700 | $31.61 | +1.3% |
| 2023 | $64,900 | $31.20 | +1.7% |
| 2022 | $63,800 | $30.66 | +0.6% |
| 2021 | $63,400 | $30.47 | +0.1% |
Recently added mutual fund manager salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Sei Global Services | Manager, Private Equity Fund Accounting (Hybrid) | New York, NY | 06/29/2025 | $105,000 |
| IQ-EQ | Manager-Private Equity Fund Accounting (Fund Administration) | New York, NY | 06/24/2025 | $80,000 |
| Pennymac | Mortgage Funding Manager | Tampa, FL | 06/12/2025 | $65,000 |
| Habitat for Humanity of Metro Denver | Annual Fund Manager | Denver, CO | 06/12/2025 | $56,000 |
| Peopleconnect | Fund Manager | Bellevue, WA | 06/10/2025 | $150,000 |
| Armanino | Manager, Fund Administration | New York, NY | 05/27/2025 | $132,000 |
| Adams | Manager of Annual Fund | Alamosa, CO | 05/27/2025 | $51,132 |
| Keybank National Association | Fund Manager, Tax Credit Syndications | Albany, NY | 05/21/2025 | $160,000 |
| The Citco Group Limited | Manager, Fund Accounting-Private Assets | Jersey City, NJ | 05/18/2025 | $120,000 |
| Armanino McKenna Certified Public Accountants & Consultants | Manager, Fund Administration | New York, NY | 05/15/2025 | $132,000 |
Mutual fund manager salary FAQs
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