Lester Freeman
Investment management is a lucrative career option for those interested in finance. The salary for an investment manager varies depending on experience, location, education level, marketing trends, and company size. As of 2024, the average annual salary for an investment manager in the United States is $180,071, with a range of $129,482 to $239,046. The salary can also vary by state, with some states offering higher salaries due to a higher standard of living. For example, the average yearly salary for an investment manager in California is $198,619, while in Texas, it is $111,284. The role of an investment manager is to manage the money invested by clients, protect the current value of those investments, and strategically choose ways to grow them.
What You'll Learn
Investment manager salaries in 2024
Investment managers can expect a wide range of salaries depending on their experience level, location, and the company they work for. As of 2024, the average salary for an investment manager in the United States is $180,071 per year, with a range of $129,482 to $239,046. However, some sources put the average salary at $125,472 or $90,814.
Entry-level investment managers with less than a year of experience can expect to earn an average of $169,746 per year. This number increases with experience, with mid-level investment managers (less than 2 years of experience) earning $170,929, and senior-level investment managers (5-8 years of experience) earning $179,601. Investment managers with 8 or more years of experience can expect to earn an average of $187,412.
Location also plays a significant factor in investment manager salaries. For example, as of November 2024, the average yearly salary for an investment manager in California is $198,619, while in Massachusetts, it is $195,918, and in New Jersey, it is $197,358.
The salary range for investment managers can vary widely, with some sources reporting salaries as low as $21,000 per year and as high as $314,252 per year.
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Investment manager salaries by state
Investment manager salaries in the United States vary depending on factors such as experience, location, education level, marketing trends, and company size. As of November 2024, the average annual salary for an investment manager in the US is $180,071, with salaries ranging from $129,482 to $239,046.
California
As of November 1, 2024, the average yearly salary for an investment manager in California is $198,619. San Francisco, in particular, is one of the highest-paying cities for investment managers, with an average annual salary of $225,089.
Massachusetts
Massachusetts is one of the highest-paying states for investment managers, with an average annual salary of $195,918 as of November 1, 2024. Boston, MA, is also among the highest-paying cities, with an average yearly salary of $201,860.
New Jersey
Investment managers in New Jersey earn an average of $197,358 per year, as per the figures from November 1, 2024.
New York
New York is another state with high salaries for investment managers, with an average annual salary of $210,323 in New York City, as of November 1, 2024.
Alaska
Although there is no specific salary data for the state of Alaska, it is mentioned as the highest-paying state for investment fund managers and investments managers.
Virginia
Virginia ranks 7th out of 50 states for investment manager salaries. As of July 2022, the average salary for an investment manager in Virginia was $104,666 per year, slightly higher than the national average at the time.
Other States
Other states that offer competitive salaries for investment managers include Delaware, known for its high-paying senior finance and banking center manager positions, and New Jersey, which had an average salary of $197,358 as of November 1, 2024. On the other hand, states like Kentucky, Colorado, and Montana tend to have lower average salaries for investment managers.
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Investment manager salaries by city
Investment manager salaries vary depending on location, experience, education level, and marketing trends. As of July 2022, the average annual salary for an investment manager in the United States was $103,256, with the highest salaries reaching $201,500 and the lowest at $31,000. However, by November 2024, the average annual salary had increased to $180,071, ranging from $129,482 to $239,046.
New York, NY
As of November 2024, the average annual salary for an investment manager in New York City was $210,323. The salary range for this position in the city spans from $151,234 to $279,205. Entry-level investment managers with under 1 year of experience can expect to make around $198,264, while those with 8 or more years of experience can earn an average of $218,898.
San Francisco, CA
San Francisco is one of the highest-paying cities for investment managers, with an average annual salary of $225,089 as of November 2024.
City of London, UK
The average salary for an investment manager in the City of London is £45,000, though one job posting advertised a salary of £100,000 - £140,000 per annum.
Ashburn, VA
As of July 2022, the average salary for an investment manager in Ashburn, VA, was $104,666 per year, which is $1,410 (1%) more than the national average at the time.
Top-Paying Cities in the US
According to ZipRecruiter, the top three cities in the US for investment manager salaries are San Mateo, CA, Daly City, CA, and Berkeley, CA. The average salary in Berkeley, CA, is $17,901 (17.3%) higher than the national average, while San Mateo, CA, offers an average salary that is $20,213 (19.6%) higher.
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Investment manager salaries by experience level
Investment manager salaries vary depending on experience level, location, education, marketing trends, and company size. As of 2024, the average annual salary for an investment manager in the United States is around $125,000, with some sources giving a higher estimate of $180,071.
Entry-level investment managers with less than a year of experience can expect to earn an average of $75,000, while early-career managers with 1-4 years of experience can expect an average of $96,874.
For mid-level investment managers with less than two years of experience, the average salary is $170,929. Managers with 2-4 years of experience can expect an average of $174,871.
Senior investment managers with 5-8 years of experience earn an average of $179,601. Managers with 8 or more years of experience can expect an average salary of $187,412.
The salary range for investment managers in the United States can be as low as $73,000 and as high as $239,046, with the top earners (90th percentile) making $200,000 or more annually.
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Investment management career path and salary trajectory
Investment management is a lucrative career path, with salaries varying depending on experience, location, education level, and the size of the company.
An entry-level investment manager with less than a year of experience can expect to earn an average of $75,000 per year, while those with 1-4 years of experience can earn an average of $96,874. As investment managers gain more experience, their salaries can rise significantly. Senior-level investment managers with 5-8 years of experience can expect to earn around $179,601, and those with 8 or more years of experience can command salaries of approximately $187,412.
The average salary for an investment manager in the United States is around $180,071 per year, but this can range from $129,482 to $239,046. Salaries also differ depending on the state. For example, the average yearly salary for an investment manager in California is $198,619, while in Massachusetts, it is $195,918.
To become an investment manager, one typically needs a bachelor's degree in a field such as finance, mathematics, or economics. Starting out as an investment banker or analyst can help build connections and market knowledge. Obtaining a master's degree and relevant licenses, such as the Chartered Financial Analyst designation, can also increase one's earning potential.
The career path of an investment manager can lead to senior and specialist roles, with the potential to become a head of investment management, earning an average salary of $377,590. This role typically requires 8+ years of managerial experience and a comprehensive understanding of the field.
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Frequently asked questions
The average salary for an Investment Manager varies depending on the source. Payscale.com reports the average salary to be $125,472, while Salary.com reports the average to be $180,071. ZipRecruiter reports the average to be $103,256, while Glassdoor reports the average to be $147,335.
The salary of an Investment Manager can be affected by several factors, including experience, location, education level, marketing trends, and company size.
The salary range for an Investment Manager can vary widely, with Payscale.com reporting salaries ranging from $73k to $197k per year, Salary.com reporting salaries ranging from $129k to $239k per year, ZipRecruiter reporting salaries ranging from $31k to $201k per year, and Glassdoor reporting salaries ranging from $171k to $314k per year.
The highest-paying state for Investment Managers appears to be California, with an average yearly salary of $99,199, followed by Massachusetts with an average yearly salary of $89,399.
