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Portfolio Manager Salary

Portfolio Managers in the United States take home approximately $85K per year on average. Overall cash earnings for Portfolio Managers stretch from $51K on the lower end to $180K near the top, and the heftiest packages can encompass around $49K from bonuses and $20K from profit sharing. Earnings for this group are mostly affected by the particular firm, followed by the particular city and tenure. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to a majority. For the most part, Portfolio Managers enjoy their work and report high levels of job satisfaction. Male Portfolio Managers are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. This overview is based on answers to PayScale's salary questionnaire.
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$49,957 - $144,766
(Median)
$50K
$85K
$140K
MEDIAN: $85,227
10%
50%
90%

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$15.68 - $77.28
(Median)
$16
$23
$77
MEDIAN: $22.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$60K$120K$180K
Salary
$49,957 - $144,766  
   
Bonus
$1,996 - $49,067  
Profit Sharing
$971 - $20,298  
Commission
$1,967 - $25,342  
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).
)
$51,112 - $179,702  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 1,792
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$30$60$90
Hourly Rate
$15.68 - $77.28  
   
Overtime
$0.00 - $59.60  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$60K$120K$180K
Bonus
$1,996 - $49,067  
   
Commission
$1,967 - $25,342  
Profit Sharing
$971 - $20,298  
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).
)
$51,112 - $179,702  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 35

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United States (change)


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Job Description for Portfolio Manager

Portfolio managers evaluate and track finances, as well as advise management of their business' finances. A portfolio manager holds a high level of responsibility in a company, as they are the primary expert in dealing with company finances; as a result, a company must trust in the portfolio manager's competence with financial matters. The portfolio manager advises senior management on where unnecessary money is being spent, where it can be saved, and where it would be better spent. They also provide financial forecasts for their company. Another duty of a portfolio manager is leading investor meetings.

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Portfolio Manager Tasks

  • 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.
  • Consult with clients to develop investment objectives, provides advice and guidance to customers.
  • Report on investment activity and performance.

Common Career Paths for Portfolio Manager


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Many Portfolio Managers move into a Chief Investment Officer role, and folks who currently hold that position report a much higher median income of $182K per year. Portfolio Managers most often advance into Real Estate Asset Manager and Community Association Manager positions even though the median salaries are $21K lower and $51K lower, respectively.

Portfolio Manager Job Listings

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Popular Employer Salaries for Portfolio Manager


Dominating the field, The Northern Trust Company, Fifth Third Bancorp, The Bank of New York Mellon Corporation (BNY Mellon), Bank of America Corp. (BOFA), and US Trust Company are top firms with a reputation for hiring a great number of Portfolio Managers. The Bank of New York Mellon Corporation (BNY Mellon) pays the most with a median salary of $157K, though with a large amount of variation, going from a low of $107K to a high of $237K. Those in search of high salaries should also consider Wells Fargo Bank, The Northern Trust Company, and U.S. Bank, top-paying firms where Portfolio Managers rake in a whopping $134K, $115K, or $112K, respectively.

Other low-paying employers include Fifth Third Bancorp at $66K and Bank of America Corp. (BOFA) at $83K, though some Portfolio Managers there earn up to $245K.

Popular Skills for Portfolio Manager


Survey takers working as Portfolio Managers report using a large range of professional skills. Most notably, facility with Investment Management, Sales, and Research Analysis are correlated to pay that is significantly above average, leading to increases of 25 percent, 14 percent, and 8 percent, respectively. Those listing Commercial Loans as a skill should be prepared for drastically lower pay. Strategic Planning and Loan Underwriting also typically command lower compensation. Most people skilled in Investment Management are similarly competent in Financial Analysis.

Pay by Experience Level for Portfolio Manager

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


For many Portfolio Managers, more experience generally translates to higher pay. Relatively untried employees who have less than five years' experience make $67K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $93K. Experienced professionals who have spent one to two decades on the job can score lucrative paychecks that average out to $120K. People who have worked for more than 20 years report a median income of $152K, which is barely higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location


San Francisco offers some of the highest pay in the country for Portfolio Managers, 61 percent above the national average. Portfolio Managers will also find cushy salaries in Dallas (+51 percent), New York (+40 percent), Boston (+31 percent), and Los Angeles (+12 percent). Portfolio Managers in Grand Rapids take home the lowest salaries, earning a whopping 47 percent less than the national average. Employers pay around 25 percent less in Cincinnati and 15 percent less in Cleveland, below-median salaries for those in this field.

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United States (change)

Experience Affects Portfolio Manager Salaries



National Average
$95,000



Skills That Affect Portfolio Manager Salaries


up arrow 14%



Client Interaction
up arrow 5%

Portfolio Management
up arrow 3%

Customer Relationship Management (CRM)
0%

National Average
$95,000

Risk Management / Risk Control
up arrow 2%

Project Management
up arrow 3%

Financial Analysis
up arrow 4%



Strategic Planning
up arrow 45%

Commercial Loans
up arrow 46%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 404 votes.

Gender

Female
26 %
Male
74 %

Years of Experience

Less than 1 year
1%
1-4 years
21%
5-9 years
32%
10-19 years
32%
20 years or more
14%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 77%
vision benefits Vision: 63% employee benefits None: 9%
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