Minnesota · 2025 pay
How much do Investment Board (Minnesota) employees make?
$125,287typical pay, counting everyone paid in 2025
$61,607 – $214,575what most people earned
Includes everyone paid during 2025, including part-year and seasonal workers. The source doesn't show who worked the full year.
Minnesota Management and Budget publishes pay by position without employee names, so there is no name search here.
Common jobs: Student Worker Para Prof SeniorInvestment Analyst JuniorInvestment Officer
✓ Official data from Minnesota Management and BudgetMatches the agency's latest releasemn.gov ↗
How is pay spread across workers?
A year of pay for a lower-paid, typical and higher-paid worker (counting everyone paid), and the top earner, split into regular pay, overtime and extra pay.
$59,156
$122,823
$210,853
$530,631
Lower-paid workerearns more than 1 in 4 coworkers
Typical workerright in the middle
Higher-paid workerearns more than 3 in 4 coworkers
Highest paidone person
Regular payOvertimeExtra pay
Is pay going up?
Yes. Typical pay went from $110,462 in 2016 to $125,287 in 2025 (+13%).
What changed since 2024
- −16.4%Typical pay went down from $149,849 to $125,287.
- +10.7%Typical raise for the 34 people paid in both 2024 and 2025. About 65% got a raise of 10% or more.
- 26 new26 people were paid for the first time in 2025, and 10 people paid in 2024 were no longer on the payroll.
- +13%Since 2016, typical pay has gone from $110,462 to $125,287, while the number of people paid went up from 27 to 60.
The next update is expected after the fiscal year closes (usually by August).
Pay slip · 2025
A typical worker's year
Investment Board (Minnesota)
official data
2016–2025
| Regular pay | $120,388 |
|---|---|
| Overtime | $0 |
| Extra pay | $2,435 |
| Total for the year | $122,823 |
Average of the 3 workers in the middle of the pay range. Does not include benefits.
Matches the agency's latest release
Pay by job
Jobs held by 5 or more people in 2025.
| Job | People | Typical pay | Most earn | Since 2024 |
|---|---|---|---|---|
| Student Worker Para Prof Senior | 12 | $3,158 | $2k – $5k | ▼ 12.7% |
| Investment Analyst Junior | 11 | $85,517 | $85k – $93k | new |
| Investment Officer | 9 | $182,791 | $179k – $199k | ▼ 0.2% |
| Portfolio Manager | 6 | $228,607 | $222k – $229k | new |
How many people earn what
- Under $10k12
- $10k – $30k1
- $30k – $50k0
- $50k – $70k5
- $70k – $90k7
- $90k – $110k3
- $110k – $150k8
- $150k or more24
Includes part-time and seasonal workers, which is why many earn under $10k.
Pay by department
| Department | People | Typical pay |
|---|
Highest paid at Investment Board in 2025
- 1Jill Ellen SchurtzExecutive Director Investment Bd$530,631▲ $40,026 vs 2024
- 2Andrew D ChristensenManaging Director Investments$402,026▲ $44,243 vs 2024
- 3Erol D SondereggerManaging Director Investments$392,567▲ $43,525 vs 2024
- 4Andrew KrechManaging Director Investments$348,858▲ $34,034 vs 2024
- 5John R MuleChief Investment Operator Officer$274,818▲ $28,006 vs 2024
- 6Cassandra BollInvestment Director$268,353▲ $24,770 vs 2024
- 7Jonathan StacyInvestment Director$268,353▲ $24,770 vs 2024
- 8Paul T AndersonChief Investment Operator Officer$266,657▲ $25,443 vs 2024
- 9Patricia C. AmmannChief Investment Operator Officer$261,710▲ $20,146 vs 2024
- 10Mercy NdunguPortfolio Manager$234,114▲ $29,744 vs 2024
Common questions
How much does a Investment Board (Minnesota) employee make?
The typical employee was paid $125,287 in 2025: half of the 60 people paid earned more, half earned less. Most earned between $61,607 and $214,575.
Why do so many people earn very little?
The list includes everyone who got a paycheck during the year: part-time, seasonal and short-term workers, and people who joined or left partway through. 12 people (20.0%) were paid under $10,000.
Does this include benefits like health insurance or pension?
No. It is the pay people received: regular salary or wages (98.5% of all pay), overtime (0.0%) and extra pay such as allowances, longevity and severance (1.5%).
Where does this data come from, and when is it updated?
From Minnesota Management and Budget (mn.gov). Our figures match the agency's latest release; the next update is expected after the fiscal year closes (usually by August).
"Typical pay" is the median: half earn more, half earn less. "Most earn" is the middle half of workers. Figures are calculated by PublicPayData from the official dataset; 0 records with $0 or negative pay are left out. How we calculate this · Corrections & removals