All-Europe Buy-Side Compensation
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.
The 2018 All-Europe Buy Side Compensation report measures the average base and variable compensation for Portfolio Managers, Portfolio Manager/Research Analysts, and Research Analysts at the top Hedge Funds, Investment Advisory Firms, and Mutual Funds in Europe.
Participants in the survey:
- ” actively managed European equity assets in 2017;
- disclosed their 2017 base compensation;
- disclosed their expected variable compensation (bonus, commission, options) for 2017; and disclosed what they expect to happen to their total compensation over the next 24 months.
- ~300 individuals responded to the survey
Compensation amounts given in currencies other than United States Dollars were converted to USD using conversion rates as of January 26, 2018.
The average of the reported base and variable compensation figures in USD were calculated for each of the three title groups (Portfolio Managers, Portfolio Manager/Research Analysts, and Research Analysts) for each of the three institution types (Hedge Funds, Investment Advisory Firms, and Mutual Funds) broken out by ten AUM bands.
The proportion of the group of individuals with a given title at a given institution type whose given base and variable compensation falls within each of the dollar amount ranges is calculated within each AUM band.
Expected Change in Compensation
The proportion of the group of individuals with a given title at a given institution type that gave each answer type is calculated within each AUM band. The percentages listed in the Total row for each of these tables shows the overall proportion for each answer for all of the individuals in the title/institution type grouping across all AUM bands.