Portfolio Manager Salary

Portfolio Managers in the United States take home an average $86K per year. In the world of Portfolio Managers, total cash compensation can vary between $52K and $184K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $50K and $30K, respectively. This group's pay is mainly influenced by the company, followed by the particular city and years of experience. Making up 74 percent of those who took the survey, male Portfolio Managers greatly outnumber their female counterparts. Most Portfolio Managers like their work and job satisfaction is high. Almost all report receiving medical coverage from their employers and a fair number collect dental insurance. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$50,715 - $146,168
(Median)
$51K
$86K
$150K
MEDIAN: $85,717
10%
50%
90%

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$15.86 - $60.64
(Median)
$16
$22
$61
MEDIAN: $22.00
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$70K$140K$210K
Salary
$50,715 - $146,168  
   
Bonus
$2,008 - $50,182  
Profit Sharing
$509 - $29,748  
Commission
$2,011 - $24,240  
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).
)
$51,893 - $183,838  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 2,074
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$50$100$150
Hourly Rate
$15.86 - $60.64  
   
Overtime
$0.00 - $68.51  
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$100K$200K$300K
Bonus
$2,008 - $50,182  
   
Commission
$2,011 - $24,240  
Profit Sharing
$509 - $29,748  
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).
)
$51,893 - $183,838  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 47
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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

  • 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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For Portfolio Managers, progressing to a Chief Investment Officer role may result in a significant raise. On average, a Chief Investment Officer can earn $183K annually. The most common career progression for Portfolio Managers leads to becoming a Senior Portfolio Manager, where average pay is $138K annually. However, many Portfolio Managers also opt to become Investment Advisors. Typically, an Investment Advisor brings home $69K.

Portfolio Manager Job Listings

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Popular Employer Salaries for Portfolio Manager


Many Portfolio Managers can be found at The Northern Trust Company, US Trust Company, Fifth Third Bancorp, The Bank of New York Mellon Corporation (BNY Mellon), and Bank of America Corp. (BOFA), firms that are at the top of the field. Portfolio Managers flock to The Bank of New York Mellon Corporation (BNY Mellon) for generous paychecks, where average earnings of $157K lead the pack in compensation; however, The Bank of New York Mellon Corporation (BNY Mellon) also provides employees with a wide spectrum of compensation ranging from $107K at one end to $237K at the other end. Wells Fargo Bank, U.S. Bank, and BMO Financial Group also offer top salaries for Portfolio Managers. Workers at these firms can expect to earn about $134K, $115K, and $110K, respectively.

Also sliding in at the lower end of the scale are Fifth Third Bancorp ($66K), Regions Bank ($85K), and Bank of America Corp. (BOFA) ($92K).

Popular Skills for Portfolio Manager


Portfolio Managers seem to require a rather large skill set. Most notably, facility with Investment Management, Sales, and Research Analysis are correlated to pay that is significantly above average, leading to increases of 22 percent, 15 percent, and 7 percent, respectively. Those listing Budget Management as a skill should be prepared for drastically lower pay. Property Management and Operations Management 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.


Experience is an important factor influencing the compensation of Portfolio Managers. Salaries of relatively inexperienced workers fall in the neighborhood of $69K, but folks who have racked up five to 10 years see a notably higher median of $96K. Professionals who claim 10 to 20 years of experience can secure some pretty cushy paychecks; the median for this group is a six-figure $122K. Portfolio Managers who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $149K.

Pay Difference by Location

National Average: $95,485

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

Portfolio Managers will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 51 percent. Portfolio Managers will also find cushy salaries in New York (+44 percent), Boston (+27 percent), Washington (+24 percent), and Dallas (+13 percent). Place of residence plays a huge part in a Portfolio Manager's salary, with Grand Rapids Portfolio Managers earning salaries that are 47 percent less than the national average. A couple other locations with smaller-than-average paychecks include Minneapolis (26 percent lower) and Cincinnati (18 percent lower).

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Experience Affects Portfolio Manager Salaries




National Average
$95,000


Skills That Affect Portfolio Manager Salaries


up arrow 15%



Portfolio Management
up arrow 2%

National Average
$95,000

Risk Management / Risk Control
up arrow 1%


Customer Relationship Management (CRM)
up arrow 10%





Operations Management
up arrow 30%

Property Management
up arrow 30%

Budget Management
up arrow 36%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 390 votes.

Gender

Female
26 %
Male
74 %

Years of Experience

Less than 1 year
2%
1-4 years
22%
5-9 years
32%
10-19 years
31%
20 years or more
14%

Common Health Benefits

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