Portfolio Analyst Salary
Median pay for Portfolio Analysts in the United States lies in the neighborhood of $59K annually. Cash earnings for Portfolio Analysts — including $16K in bonuses and $7K in profit sharing proceeds near the top of the pay scale — generally stretch from $43K to $91K depending on individual performance. Geography is the main element affecting pay for this group — tenure and the particular employer are driving factors as well. Male Portfolio Analysts are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the greater part. Most Portfolio Analysts are fairly content with their jobs, and work satisfaction falls in line with the national average. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
Job Description for Portfolio Analyst
A portfolio analyst holds an advanced position in finance. The duties of the portfolio analyst vary greatly according to the specific needs of their employer and industry, but these professionals are generally responsible for using appropriate investment tools to carefully prepare reports and detailed analysis on portfolios. They are in charge of conducting research on economic and business interests, as well as remaining up to date on all industry and legal changes or any other matters which may affect the portfolio. Individuals in this position also maintain records and databases, communicate with clients, and perform industry-specific duties. Portfolio analyst positions frequently require extensive use of investment software and systems specific to the company. The portfolio analyst often works as part of a team and may report to the portfolio manager.Read More...
A portfolio analyst is typically expected to have at least a bachelor’s degree in accounting, economics, finance, or a related field. A master's of business administration (MBA) may be preferred. Some companies require as much as four years’ related experience, and frequently portfolio analysts have previous experience as financial analysts. A portfolio analyst must have a high level of understanding of investments and often of their specific industry. Attention to detail and strong analytical skills are important, and a strong working knowledge of basic computer programs such as the Microsoft Office suite is essential; the ability to use specific investment software may also be necessary. The portfolio analyst may work in a high-pressure, fast-paced environment, coordinating with a team, and some positions involve significant travel.
Portfolio Analyst Tasks
- Create asset allocation studies, and test or confirm assumptions or constraints in the client profiling process.
- Respond to customer request and coordinate meeting materials for client meetings.
- Facilitate account result and funds investment.
- Research investment solution suite, and make recommendations for enhanced investment solutions.
Common Career Paths for Portfolio Analyst
Portfolio Analysts might see a strong upturn in salary after transitioning into upper-level roles such as Portfolio Manager, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $90K per year.
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Popular Skills for Portfolio Analyst
Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Investment Management, Performance Analysis, Microsoft Excel, and Portfolio Management are correlated to pay that is above average, with boosts between 5 percent and 12 percent. Skills that pay less than market rate include Financial Modeling. It is often found that people who know Financial Analysis are also skilled in Portfolio Management.
Pay by Experience Level for Portfolio Analyst
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Those who have worked for fewer than five years take home a median salary of $59K, and workers with five to 10 years of experience earn a higher $68K on average. For Portfolio Analysts, 10 to 20 years of experience on the job amounts to an average salary of $85K. People who have worked for 20 years or more actually report earning less than people who are in the middle of their careers; the veterans take home a mere $67K by contrast.
Pay Difference by Location
For Portfolio Analysts, New York provides a pay rate that is 37 percent greater than the national average. Portfolio Analysts can also look forward to large paychecks in cities like Los Angeles (+25 percent), Boston (+18 percent), San Francisco (+11 percent), and Chicago (+5 percent). Portfolio Analysts in Indianapolis make 21 percent less than the national average, proving that location is a major factor in pay. Two other places where employers offer below-median salaries are St. Louis (19 percent less) and Dallas (18 percent less).
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Key Stats for Portfolio Analyst
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