Here’s how much California’s highest paying state jobs earn

California is offering state government jobs that pay up to $47,000 a month — with the fattest paychecks going to pension fund bosses and prison psychiatrists.

The single highest-paying listing is a deputy chief investment officer role at the California Public Employees’ Retirement System (CalPERS) in Sacramento, which carries a base salary range of $28,325 to $47,208 per month, according to the state-run job site CalCareers.

The deputy chief investment officer role sits within CalPERS’ Investment Office and works under the chief investment officer to help guide private-market investment decisions for the nation’s largest public pension fund, which lists approximately $599.5 billion in total assets as of Jan. 2.

The job posting does not specify how much of that portfolio the DCIO directly oversees, but describes the position as a senior leadership role responsible for supporting private asset investment strategy in a “highly visible and complex” organization.

The pension paydays don’t stop at private markets.

CalPERS is also hiring a global fixed income managing investment director with a base salary of $25,750 to $42,916 per month to run its bond-investing operations, supervise research and trading teams and help shape strategy for the fund’s massive portfolio.

Some of the pension fund positions are also eligible for performance-based annual incentives and long-term incentive programs tied to fund returns, according to the job postings — compensation that in some cases can push total pay well into seven figures.

In the most extreme case, the deputy chief investment officer position at CalPERS carries a base salary of up to $47,208 per month, and the posting states it is eligible for annual and long-term incentive awards of up to 180% of salary each, tied to fund performance.

While those incentives are not guaranteed and are subject to multi-year performance thresholds, the combined structure means total compensation in a strong payout year could climb into the multi-million-dollar range.

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Meanwhile, it’s not just Wall Street-style money flowing through Sacramento’s pension offices. The state is also paying top dollar inside its prison system.

The second-highest base salary listing is a prison health care executive job in Sacramento County that pays between $33,740 and $42,090 per month, according to CalCareers.

The role essentially oversees medical quality and patient safety inside state prisons, supervising doctors and other health staff to make sure inmates receive proper care.

A chief psychiatrist position at North Kern State Prison in Delano is offering between $34,420 and $35,280 per month to oversee mental health services inside the correctional facility.

The role includes recruiting and supervising psychiatrists, directing psychiatric treatment programs and helping plan and evaluate mental health services for inmates, according to the CalCareers listing.

The job is full-time and in-office, with a March 4 application deadline.

Similar listings for the same positions are available at Wasco State Prison and Valley State Prison.

Below that tier, the state is also hiring senior and staff psychiatrists to treat inmates inside prisons and correctional health facilities across Kern, Kings, Madera, San Joaquin, Sacramento and Amador counties.

Senior psychiatrist supervisor roles pay roughly $32,260 to $33,032 per month, while staff psychiatrists earn about $30,259 to $31,136 per month to evaluate patients, manage medications and respond to mental health crises behind bars.

An investment director role at CalPERS is also open, paying between $20,062 and $33,437 per month to help manage private debt portfolios and oversee deal negotiations.

Over at the California State Teachers’ Retirement System, a senior portfolio manager position in Yolo County offers between $18,334 and $28,334 per month to oversee investment data and performance analytics.

In total, CalCareers lists thousands of open state jobs, including hundreds that pay more than $10,000 a month, with many of the highest-paying roles remaining open until filled.