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Minnesota / Investment Board

Agency file

Investment Board

Source file: Minnesota — State Employee Payroll / ingested Jun 18, 2026

The Investment Board is a government agency that delivers public services and programs within its jurisdiction.

In 2025, this agency had 60 employees with median total compensation of $125,287; the highest distinct record was $530,631.

Year
2025
Total payroll
$8.4M
Employees
60
Median total
$125,287
Highest record
$530,631

What the records show

Compensation analytics

These summaries compare pay within the agency before listing individual records.

Salary distribution

How 2025 total compensation is spread across the 60 employees. Each bar is a pay range; taller bars mean more people earn in that range. The amber line marks the median ($125,287) — half earn less, half more. The far-right bar collects the highest earners.

Average pay composition

  • Base — $137,348 (99%)
  • Overtime — $2 (0%)
  • Other — $2,046 (1%)
  • Benefits — $0 (0%)

What an average paycheck here is made of — base salary versus overtime, other pay (bonuses, allowances), and benefits. A large overtime or other-pay share means take-home often exceeds base salary.

Pay percentiles

10th
25th
Median
75th
90th
$4,590
$61,612
$125,287
$213,717
$268,353

The pay ladder for this department. Someone at the 90th percentile earns $268,353 — more than 90% of the department; the 10th percentile earns $4,590. The shaded band is the middle half of employees (25th–75th percentile).

Largest job titles

Student Worker Paraprofessional Professional Senior
12 · $3,158
Investment Analyst Junior
11 · $85,517
Investment Officer
9 · $182,791
Portfolio Manager
6 · $228,607
Investment Analyst Senior
4 · $139,716

The most common job titles in this department by headcount, with the median total compensation for each. Click a title to see everyone who holds it.

Trend

Year over year

How this department's total payroll, headcount, and median pay changed across the 2 published years.

YearTotal payrollEmployeesMedian pay
2024
$6.4M
—
44
—
$149,849
—
2025
$8.4M
▲ 29.8%
60
▲ 36.4%
$125,287
▼ 16.4%

Record list

Employees

Page 1

Jill Schurtz

Executive Director Investment Bd/Investment Board

2025 total comp
$530,631
Sub-department
State Board Of Investment(SBI)
Base pay
$530,631
Overtime
$0
Other pay
$0
Benefits
$0
Total compensation
$530,631
Hire date
2022-10-03
Employment type
Full-Time
Pay grade
20
Union / bargaining unit
Manager
Pay basis
Hourly
Full-time equivalent (FTE)
1
Work county
Ramsey

Source-specific fields

Active on June 30, 2025
Yes
Agency Number
G38
Bargaining Unit Number
220
Branch
Executive
Branch Code
Executive
Classified Code
Unclassified
Classified Status
Unclassified
Compensation Frequency Code
Hourly

Jill Schurtz is a Executive Director Investment Bd at Investment Board within State Board of Investment(Sbi). They have served since 2022 (about 3 years), working full-time. 2025 total compensation came to $530,631. Their bargaining unit is Manager.

Andrew Christensen

Managing Director Investments/Investment Board

2025 total comp
$402,026
Sub-department
Executive
Base pay
$392,567
Overtime
$0
Other pay
$9,459
Benefits
$0
Total compensation
$402,026
Hire date
1999-03-22
Employment type
Full-Time
Pay grade
19
Union / bargaining unit
Manager
Pay basis
Hourly
Full-time equivalent (FTE)
1
Work county
Ramsey

Source-specific fields

Active on June 30, 2025
Yes
Agency Number
G38
Bargaining Unit Number
220
Branch
Executive
Branch Code
Executive
Classified Code
Unclassified
Classified Status
Unclassified
Compensation Frequency Code
Hourly

Andrew Christensen works as a Managing Director Investments for Investment Board within Executive. Their tenure dates to 1999, about 26 years as a full-time employee. Andrew earned $402,026 in 2025. Union affiliation: Manager.

Erol Sonderegger

Managing Director Investments/Investment Board

2025 total comp
$392,567
Sub-department
Executive
Base pay
$392,567
Overtime
$0
Other pay
$0
Benefits
$0
Total compensation
$392,567
Hire date
2001-08-27
Employment type
Full-Time
Pay grade
19
Union / bargaining unit
Manager
Pay basis
Hourly
Full-time equivalent (FTE)
1
Work county
Ramsey

Source-specific fields

Active on June 30, 2025
Yes
Agency Number
G38
Bargaining Unit Number
220
Branch
Executive
Branch Code
Executive
Classified Code
Unclassified
Classified Status
Unclassified
Compensation Frequency Code
Hourly

Erol Sonderegger is a Managing Director Investments at Investment Board within Executive. Hired in 2001, they have about 24 years of service, working full-time. 2025 total compensation came to $392,567. Their bargaining unit is Manager.