The average mutual fund portfolio manager in Europe earned $429,289 last year, according to Institutional Investor's first edition of the All-Europe Buy-Side Compensation Report.
Roughly 300 portfolio managers and research analysts at hedge funds, investment advisory firms, and mutual funds managing European equities were surveyed for the inaugural report. Respondents disclosed their 2017 compensation and made predictions about how they expected their total compensation to change over the next 24 months.
Mutual fund portfolio managers reported an average of $223,305 in base compensation for 2017, plus $205,984 in bonus pay. Portfolio managers at investment advisory firms, meanwhile, reported total compensation of $495,562, on average, including $263,645 in base salary.
For compensation earned by hedge fund employees, please see the All-Europe Buy-Side Compensation Report: Hedge Fund Cut.