Female Portfolio Managers Made Almost $200K Less Than Male Peers Last Year
February 12, 2020
Smaller bonus payouts accounted for most of the gender pay gap, according to analysis by Odyssey Search Partners.
Senior investment professionals at hedge funds and long-only firms earned an average of $825,000 last year — at least, the men did.
Female portfolio managers and senior analysts made $630,000 on average, including base pay and bonus compensation, according to analysis by Odyssey Search Partners, a recruiting firm that specializes in hiring for hedge funds and private equity firms.
This $195,000 gender pay gap is mostly due to the disparity in bonus compensation awarded to female and male employees, according to the report. Women at the senior analyst or portfolio manager level earned an average bonus of $430,000 last year, compared with $610,000 for their male peers.
The rest of the pay gap resulted from a $15,000 disparity in average base salaries for men and women working as senior analysts or portfolio managers.
The analysis was based on a survey of nearly 1,000 public markets investment professionals across the U.S.
Article by: Amy Whyte
