Christensen, Andrew D
Managing Director InvestmentsInvestment BoardRamsey CountyFull-time
Executive. Minnesota state employee pay history, from State of Minnesota salary data.
Pay by fiscal year
Total paid across all records in each year, overtime included, compared with consumer prices.
From FY 2020 to FY 2026, pay went up 181% while consumer prices went up 27%. After inflation, pay is up 121% (it beat inflation).
| Year | Paid | Change | Prices (CPI) | After inflation |
|---|---|---|---|---|
| FY 2026 | $419,417 | +4.3% | +3.1% | +1.2% |
| FY 2025 | $402,026 | +12.4% | +2.6% | +9.5% |
| FY 2024 | $357,783 | +9.1% | +3.3% | +5.6% |
| FY 2023 | $327,936 | +11.3% | +6.3% | +4.8% |
| FY 2022 | $294,558 | +4.4% | +7.2% | −2.6% |
| FY 2021 | $282,103 | +88.9% | +2.3% | +84.7% |
| FY 2020 | $149,303 | — | — | — |
Each change compares a year with the one before. Large swings usually come from a partial year, extra hours or a change of job rather than a raise. Prices: Consumer Price Index (CPI-U, U.S. city average) from the Bureau of Labor Statistics, averaged July to June; FY 2026 uses 11 months because October 2025 was not published.
Compared with the same job title
FY 2026 · Managing Director Investments
Too few people share this job title that year to make a fair comparison.
See everyone with this job titleEvery record
7 records, newest first
| FY | Agency | Job title | County | Base pay | Overtime | Paid |
|---|---|---|---|---|---|---|
| 2026 | Investment Board Executive | Managing Director Investments Full-time | Ramsey | $197.18 /hr | — | $419,417 |
| 2025 | Investment Board Executive | Managing Director Investments Full-time | Ramsey | $189.18 /hr | — | $402,026 |
| 2024 | Investment Board Executive | Managing Director Investments Full-time | Ramsey | $174.81 /hr | — | $357,783 |
| 2023 | Investment Board Executive | Managing Director Investments Full-time | Ramsey | $155.65 /hr | — | $327,936 |
| 2022 | Investment Board Executive | Investment Director Full-time | Ramsey | $138.29 /hr | — | $294,558 |
| 2021 | Investment Board Executive | Investment Director Full-time | Ramsey | $138.29 /hr | — | $282,103 |
| 2020 | Investment Board Executive | Investment Director Full-time | Ramsey | $131.70 /hr | — | $149,303 |
The state reports one pay total per person per year, covering all of their positions, so it appears on one of that year’s lines and the others show no separate pay.
Highest paid in Investment Board
FY 2026, amount paid
- Schurtz, Jill Ellen$541,178Exec Dir Investment Bd
- Sonderegger, Erol D$409,558Managing Director Investments
- Krech, Andrew$372,736Managing Director Investments
- Mule, John R$285,288Chief Investment Oper Officer
- Stacy, Jonathan$278,583Investment Director
- Boll, Cassandra$278,583Investment Director
- Anderson, Paul T$275,155Chief Investment Oper Officer
- Ammann, Patricia C.$274,983Chief Investment Oper Officer
Highest paid as Managing Director Investments
FY 2026, amount paid
- Sonderegger, Erol D$409,558Investment Board
- Krech, Andrew$372,736Investment Board