Portfolio Manager Salary

Median pay for Portfolio Managers in the United States lies in the neighborhood of $83K annually. In the world of Portfolio Managers, overall cash earnings stretch from $50K near the bottom to $173K near the top; these packages encompass bonuses that run close to $49K and profit sharing that can (albeit rarely) exceed $20K, along with commissions approaching $39K. The specific employer is the biggest factor affecting pay for this group, followed by geography and tenure. The majority of Portfolio Managers claim high levels of job satisfaction. Portfolio Managers who participated in the survey are largely men, dominating at 66 percent. Medical benefits are awarded to most, and a strong majority earn dental coverage. The data in this summary comes from the PayScale salary survey.
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$49,881 - $139,759
$50K
$83K
$140K
MEDIAN: $83,374
10%
50%
90%

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$16.63 - $46.79
$17
$22
$47
MEDIAN: $22.41
10%
50%
90%

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$0$172K
Salary $49,881 - $139,759
Bonus $1,990 - $48,936
Profit Sharing $-0.48 - $19,737
Commission $2,043 - $39,149
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).
)
$49,594 - $172,804
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 1,271
Hourly Data $0$49
Hourly Rate $16.63 - $46.79
Overtime $26.17 - $49.92
Annual Data $0$172K
Bonus $1,990 - $48,936
Commission $2,043 - $39,149
Profit Sharing $-0.48 - $19,737
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).
)
$49,594 - $172,804
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 45

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 $186K per year. Going from Portfolio Manager to Senior Portfolio Manager is the transition that occurs most often in this field, where the paychecks are $142K. Many others choose to work as Investment Advisors, where pay is typically $69K.

Portfolio Manager Job Listings

Popular Employer Salaries for Portfolio Manager


Portfolio Managers fill the offices of leading firms The Bank of New York Mellon Corporation (BNY Mellon), US Trust Company, BB&T Corp., U.S. Bank, and Bank of America Corp. (BOFA). 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.

Also sliding in at the lower end of the scale are Fifth Third Bancorp ($67K), The Northern Trust Company ($81K), and Regions Bank ($85K).

Popular Skills for Portfolio Manager


Survey takers working as Portfolio Managers report using a large range of professional skills. Most notably, facility with Strategic Project Management, Investment Management, and Financial Modeling are correlated to pay that is significantly above average, leading to increases of 32 percent, 14 percent, and 13 percent, respectively. Those listing Property Management as a skill should be prepared for drastically lower pay. Commercial Loans and Customer Service also typically command lower compensation. Most people familiar with Investment Management also know Financial Analysis.

Pay by Experience Level for Portfolio Manager

Pay by Experience for a Portfolio Manager has a positive trend. An entry-level Portfolio Manager with less than 5 years of experience can expect to earn an average total compensation of $68,000 based on 465 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Portfolio Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $95,000 based on 475 salaries. An experienced Portfolio Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $111,000 based on 487 salaries. A Portfolio Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $134,000 based on 164 salaries.

Pay Difference by Location

National Average: $91,129

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

Surpassing the national average by 39 percent, Portfolio Managers in New York receive some of the highest pay in the country. Portfolio Managers can also look forward to large paychecks in cities like Washington (+29 percent), San Francisco (+29 percent), Boston (+23 percent), and Los Angeles (+14 percent). Portfolio Managers in Grand Rapids make 45 percent less than the national average, proving that location is a major factor in pay. Charlotte and Minneapolis are a couple other places where companies are known to pay below the median — salaries are 27 percent lower and 22 percent lower, respectively.

Related Job Salaries

Key Stats for Portfolio Manager

Gender

Female
34 %
Male
66 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 227 votes.
Less than 1 year
2%
1-4 years
24%
5-9 years
26%
10-19 years
34%
20 years or more
14%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Portfolio Manager Salaries

▲47%

▲21%

▲4%

National Average
$91,000

▼25%

Skills That Affect Portfolio Manager Salaries

Strategic Project Management
▲32%





▲3%


Research Analysis
▼0%

National Average
$91,000




Customer Relationship Management (CRM)
▼6%




Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 227 votes.

Gender

Female
34 %
Male
66 %

Years of Experience

Less than 1 year
2%
1-4 years
24%
5-9 years
26%
10-19 years
34%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 79%
vision benefits
Vision: 67%
no benefits
None: 8%
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