Portfolio Manager Salary

Median pay for Portfolio Managers in the United States is around $84K annually. Total cash incomes of Portfolio Managers run from $50K to $174K, depending on bonuses that can occasionally exceed $50K, profit sharing that reaches $20K, and some commissions of nearly $25K. Earnings for this group are mostly affected by the specific employer, followed by geography and experience level. Male Portfolio Managers are more prevalent than women among those who took the survey — 69 percent of professionals. Medical benefits are awarded to most, and a strong majority earn dental coverage. For the most part, Portfolio Managers enjoy their work and report high levels of job satisfaction. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$49,943 - $139,909
$50K
$84K
$140K
MEDIAN: $84,054
10%
50%
90%

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$15.36 - $44.51
$15
$23
$45
MEDIAN: $22.59
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$60K$120K$180K
Salary
$49,943 - $139,909  
   
Bonus
$1,995 - $49,636  
Profit Sharing
$0.00 - $19,807  
Commission
$2,027 - $25,168  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$49,691 - $173,616  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 1,306
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$30$60$90
Hourly Rate
$15.36 - $44.51  
   
Overtime
$6.50 - $87.50  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$60K$120K$180K
Bonus
$1,995 - $49,636  
   
Commission
$2,027 - $25,168  
Profit Sharing
$0.00 - $19,807  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$49,691 - $173,616  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 42

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Portfolio Manager

A portfolio manager is a financial professional responsible for investing money. The portfolio manager may be a client-based advisor who works with individuals and businesses to manage a group of investments and assets; they may also handle financial products such as mutual funds. Many portfolio managers work within larger financial institutions, processing analyses from their company's risk and investment research teams and acting upon this information. The portfolio manager may seek to meet individual clients' long-term financial goals; for businesses, he or she may seek out investments that recapitalize revenue in a way that mitigates tax burdens and builds capital.

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Portfolio Manager Tasks

  • Consult with clients to develop investment objectives, provides advice and guidance to customers.
  • Report on investment activity and performance.
  • Communicate with clients and administrators about their accounts, securities markets and economic trends.
  • Manage bond and equity portfolios to maximize investment returns commensurate with an acceptable level of risk.

Common Career Paths for Portfolio Manager


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At the upper end, Portfolio Managers who move into a Chief Investment Officer role can end up with a hefty increase in pay. The average income for Chief Investment Officers is a much higher $184K per year. Going from Portfolio Manager to Senior Portfolio Manager is the transition that occurs most often in this field, where the paychecks are $141K. Many others choose to work as Investment Advisors, where pay is typically $69K.

Portfolio Manager Job Listings

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Popular Employer Salaries for Portfolio Manager


The Bank of New York Mellon Corporation (BNY Mellon), Bank of America Corp. (BOFA), BB&T Corp., U.S. Bank, and US Trust Company are top-notch employers for Portfolio Managers in this area. Employees of The Bank of New York Mellon Corporation (BNY Mellon) can expect to make the most, with the company offering a median salary of $157K; however, pay is widely dispersed from bottom to top, ranging from $107K to $237K. Soaring salaries can also be found at Blackrock, Inc., Wells Fargo Bank, and Citizens Financial Group, Inc., where earnings of $155K, $134K, or $117K are standard for Portfolio Managers.

Fifth Third Bancorp, The Northern Trust Company, and Regions Bank also scrape the bottom of the pay scale, with median earnings hovering around $67K, $84K, and $85K.

Popular Skills for Portfolio Manager


Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Investment Management, Financial Modeling, Sales, and Risk Management / Risk Control are correlated to pay that is above average, with boosts between 9 percent and 14 percent. Those listing Property Management as a skill should be prepared for drastically lower pay. Operations Management and Customer Service also typically command lower compensation. For most people, competency in Investment Management indicates knowledge of Financial Analysis.

Pay by Experience Level for Portfolio Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience seems to be a major factor in determining the incomes of Portfolio Managers. Respondents with less than five years' experience take home $68K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $95K. Professionals who spend a good 10 to 20 years in the workforce haul in an average of $111K. Old hands who claim more than two decades on the job enjoy average earnings of $133K.

Pay Difference by Location

National Average: $92,012

Larger city markers indicate a job is popular in that location.

For those looking to make money, Portfolio Managers in New York enjoy an exceptional pay rate, 36 percent above the national average. Portfolio Managers can also look forward to large paychecks in cities like San Francisco (+29 percent), Washington (+28 percent), Boston (+23 percent), and Los Angeles (+22 percent). Portfolio Managers in Grand Rapids make 45 percent less than the national average, proving that location is a major factor in pay. Minneapolis and Charlotte are a couple other places where companies are known to pay below the median — salaries are 30 percent lower and 28 percent lower, respectively.

Related Job Salaries

Key Stats for Portfolio Manager

Gender

Female
31 %
Male
69 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 203 votes.
Less than 1 year
2%
1-4 years
25%
5-9 years
28%
10-19 years
32%
20 years or more
13%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Portfolio Manager Salaries

▲45%

▲21%

▲4%

National Average
$92,000

▼26%

Skills That Affect Portfolio Manager Salaries



▲9%




National Average
$92,000





Customer Relationship Management (CRM)
▼7%



Operations Management
▼27%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 203 votes.

Gender

Female
31 %
Male
69 %

Years of Experience

Less than 1 year
2%
1-4 years
25%
5-9 years
28%
10-19 years
32%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 78%
vision benefits
Vision: 65%
dental benefits
None: 8%
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