Investment Fund Managers in Michigan
Want to work as an Investment Fund Managers in Michigan? Here’s what the data says. Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment. Excludes “Financial Risk Specialists” (13-2054).
What do Investment Fund Managers Make in Michigan?
For investment fund managers working in Michigan, the median annual wage is $135,290 per year (or roughly $65.05/hour).Annual wages span from $79,650 at the 10th percentile to $239,130 at the 90th percentile.
| Wage Statistic | Annual | Hourly |
|---|---|---|
| 10th percentile | $79,650 | $38.29 |
| 25th percentile | $104,840 | $50.40 |
| Median (50th) | $135,290 | $65.05 |
| 75th percentile | $175,180 | $84.22 |
| 90th percentile | $239,130 | $114.97 |
Location quotient — how concentrated this career is in Michigan compared to the national average — is 0.84, suggesting fewer investment fund managers per worker than the national average.
National Wage Comparison
Nationally, investment fund managers earn a median of $157,819 per year ($75.87/hour), below the Michigan median.
Employment Outlook
National employment for 162,886 investment fund managers nationwide. In Michigan alone, approximately 19,690 people work in this role. That’s higher than the typical state, which employs around 7,950 investment fund managers.
Top Michigan Metros for Investment Fund Managers
The metro areas below employ the most investment fund managers in Michigan.
| Metro Area | Number Employed | Annual Median Salary |
|---|---|---|
| Detroit-Warren-Dearborn, MI | 10,050 | $141,770 |
| Grand Rapids-Wyoming-Kentwood, MI | 2,420 | $130,090 |
| Lansing-East Lansing, MI | 850 | $130,930 |
| Ann Arbor, MI | 800 | $139,840 |
| Kalamazoo-Portage, MI | 500 | $131,790 |
| Flint, MI | 460 | $127,470 |
| Saginaw, MI | 360 | $124,310 |
| Midland, MI | 310 | $178,150 |
| Traverse City, MI | 280 | $112,600 |
| Battle Creek, MI | 240 | $136,460 |
| Niles, MI | 230 | $125,490 |
| Jackson, MI | 220 | $130,340 |
| Muskegon-Norton Shores, MI | 170 | $120,760 |
| Monroe, MI | 130 | $144,040 |
| Bay City, MI | 110 | $127,900 |
Top States for Investment Fund Managers Employment
View the states that employ the most investment fund managers work.
| State | Number Employed |
|---|---|
| California | 96,860 |
| Texas | 67,580 |
| New York | 67,510 |
| Illinois | 53,400 |
| Florida | 47,710 |
| New Jersey | 32,370 |
| Pennsylvania | 31,750 |
| Ohio | 27,920 |
| Massachusetts | 27,690 |
| Georgia | 22,720 |
| North Carolina | 21,170 |
| Virginia | 20,590 |
| Connecticut | 20,200 |
| Maryland | 19,920 |
| Michigan | 19,690 |
| Tennessee | 18,650 |
| Minnesota | 16,520 |
| Arizona | 14,570 |
| Washington | 13,890 |
| Wisconsin | 13,750 |
Highest-Paying States for Investment Fund Managers
The highest-paying states for investment fund managers.
| State | Annual Median Salary |
|---|---|
| New York | $215,740 |
| New Jersey | $188,750 |
| District of Columbia | $181,210 |
| Massachusetts | $181,170 |
| Delaware | $180,050 |
| California | $174,920 |
| Colorado | $174,840 |
| Washington | $171,300 |
| Virginia | $170,290 |
| Connecticut | $169,730 |
Skills
Key investment fund managers skills, rated on an importance scale of 0 to 5:
Knowledge Areas
Important knowledge areas for this occupation, rated on an importance scale of 0 to 5:
Abilities
Key abilities for investment fund managers, rated on an importance scale of 0 to 5:
Daily Tasks
Investment Fund Managers typically:
- Manage investment funds to maximize return on client investments.
- Select specific investments or investment mixes for purchase by an investment fund.
- Monitor financial or operational performance of individual investments to ensure portfolios meet risk goals.
- Select or direct the execution of trades.
- Develop or implement fund investment policies or strategies.
- Perform or evaluate research, such as detailed company or industry analyses, to inform financial forecasting, decision making, or valuation.
- Present investment information, such as product risks, fees, or fund performance statistics.
- Develop, implement, or monitor security valuation policies.
- Meet with investors to determine investment goals or to discuss investment strategies.
- Attend investment briefings or consult financial media to stay abreast of relevant investment markets.
- Prepare for and respond to regulatory inquiries.
- Evaluate the potential of new product developments or market opportunities, according to factors such as business plans, technologies, or market potential.
Work Activities
- Getting Information
- Analyzing Data or Information
- Making Decisions and Solving Problems
- Processing Information
- Working with Computers
- Identifying Objects, Actions, and Events
- Communicating with Supervisors, Peers, or Subordinates
- Communicating with People Outside the Organization
- Organizing, Planning, and Prioritizing Work
- Updating and Using Relevant Knowledge
- Estimating the Quantifiable Characteristics of Products, Events, or Information
- Establishing and Maintaining Interpersonal Relationships
Tools & Technology
Technologies frequently used: Hot technologies: Microsoft Access, Microsoft Excel In-demand technologies: Microsoft Excel
What Major Will Prepare You For This Career?
Related college programs include:
- Finance & Financial Management
- Accounting
- Business Administration & Management
- Data Analytics
- Accounting & Computer Science
Featured schools near , edit
Related Careers
Related occupations to investment fund managers include:
- Financial Managers
- Treasurers and Controllers
- Management Analysts
- Compensation, Benefits, and Job Analysis Specialists
- Market Research Analysts and Marketing Specialists
- Accountants and Auditors
Also Known As
Annual Fund Manager, Asset Management Manager, Asset Management Project Manager, Asset Manager, Digital Asset Manager, Financial Planning Director, Financial Planning Manager, Financial Planning and Analysis Finance Manager, Financial Planning and Analysis Manager, Fixed Income Portfolio Manager, Fixed Income Vice President (Fixed Income VP), Fund Administrator (Fund Admin), Hedge Fund Manager, Institutional Asset Manager, Investment Analysis Vice President (Investment Analysis VP).
References
- U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics — https://www.bls.gov/oes/
- O*NET Online — https://www.onetonline.org/
- BLS Employment Projections — https://www.bls.gov/emp/
- O*NET-SOC code: 11-3031.03
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