Mutual fund portfolio managers are taking home fatter paychecks this year, as solid gains in the stock and bond market in the past two years have helped boost median pay, according to a survey by the CFA Institute and the executive-search firm, Russell Reynolds Associates.

The median pay for fund managers, which includes salary and bonus, is $390,000, up 34% from $291,252 two years ago, according to the study. Overall median total compensation for U.S.-based professionals in 2005 has risen by 17% since 2003. While this growth is significant, overall compensation is 7% off from its 2001 peak.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.