The average hedge fund portfolio manager will take home just shy of $1 million in 2017, according to Institutional Investor’s inaugural All-America Buy Side Compensation report.

The new survey calculates average base pay and variable compensation across hedge funds, mutual funds, and investment advisory firms, with variable income defined as bonuses, commissions, and options.

Roughly 800 portfolio managers and research analysts at firms managing U.S. equities self-reported their current incomes and what they expect to earn over the next 24 months.

In addition to role and firm type, compensation is compared within eight levels of firms’ assets under management, ranging from less than $500 million to $150 billion or greater.