The average mutual fund portfolio manager expects to earn $1.37 million this year — just shy of the $1.42 million reported by their hedge fund counterparts.

Employees of mutual funds and investment advisory firms with assets under management ranging from less than $500 million to more than $75 billion shared their current salary and expected 2018 bonuses for II’s second annual All-America Buy-Side Compensation Report, which breaks down pay by job title and firm AUM. Roughly 900 portfolio managers, research analysts, and managers-cum-analysts at North American hedge funds, investment advisory firms, and mutual funds responded to this year’s survey.

Mutual fund portfolio managers said they expected to earn $251,424 in base pay on average, plus variable pay — including bonuses, commissions, and options — of $1.12 million.

At investment advisory firms, PMs anticipated $805,583 in total compensation for 2018, including an average salary of $324,604.