Family Office · Manager · 5 to 10 years typical
Fund Administration Manager (FO) Salary
Annual base compensation, national and by market, from 258 named sources. Every figure below says where it came from.
| Market | Multiplier | P25 | P50 | P75 | P90 |
|---|---|---|---|---|---|
| New York City, NY | 1.40× | $125,000 | $175,000 | $245,000 | $305,000 |
| San Francisco, CA | 1.30× | $115,000 | $165,000 | $230,000 | $285,000 |
| Boston, MA | 1.25× | $115,000 | $155,000 | $220,000 | $275,000 |
| Palm Beach, FL | 1.25× | $115,000 | $155,000 | $220,000 | $275,000 |
| Miami, FL | 1.23× | $110,000 | $155,000 | $215,000 | $270,000 |
| Los Angeles, CA | 1.20× | $110,000 | $150,000 | $210,000 | $265,000 |
| Washington, DC | 1.20× | $110,000 | $150,000 | $210,000 | $265,000 |
| Seattle, WA | 1.15× | $105,000 | $145,000 | $200,000 | $250,000 |
| Chicago, IL | 1.05× | $95,000 | $130,000 | $185,000 | $230,000 |
| Dallas, TX | 1.00× | $90,000 | $125,000 | $175,000 | $220,000 |
Time to fill 12 weeks for comparable searches, estimated from rouka's benchmark set.
Growing as FOs launch direct investment vehicles requiring institutional-grade administration
What does a Fund Administration Manager (FO) do?
The Fund Administration Manager (FO) operates within single-family or multi-family offices, working directly with principals, family members, and co-investment partners. Professionals in this role typically bring 5 to 10 years of relevant experience. Classified at the Manager level, this position draws from a competitive candidate pool, though specialized qualifications and sector-specific experience remain key differentiators in hiring.
What drives Fund Administration Manager (FO) compensation?
The median (P50) compensation for a Fund Administration Manager (FO) is $125,000, with the 25th to 75th percentile range spanning $90,000 to $175,000. The 68% spread between P25 and P75 reflects significant pay variation driven by assets under management, family office structure (single vs. multi-family), investment strategy complexity, geographic market, and whether the office manages direct investments or outsources to external managers. Demand for this role is trending upward with 10% year-over-year growth, which is putting upward pressure on compensation at all levels.
Fund Administration Manager (FO) career path
Professionals who move into Fund Administration Manager (FO) roles most commonly come from institutional asset management, private banking, wealth management, accounting firms, or corporate finance. From this position, the typical trajectory leads toward chief investment officer roles, family office CEO positions, or founding their own advisory practice. The average tenure in this role is approximately 4 years, with an annual turnover rate of 12%.
Hiring a Fund Administration Manager (FO)?
A search playbook for this seat: compensation positioning against the band above, the sourcing map, and the interview framework.