Portfolio Manager Salary

Median pay for Portfolio Managers in the United States lies in the neighborhood of $86K annually. Total incomes of Portfolio Managers incorporate potential for, in a few cases, more than $49K from bonuses and close to $20K from profit sharing; these performance components cause packages to range between $51K and $181K. The company is the biggest factor affecting pay for this group, followed by geography and experience level. Most Portfolio Managers report high levels of job satisfaction. Medical benefits are awarded to most, and a strong majority earn dental coverage. Generally, women make up less than a third of all Portfolio Managers who answered the questionnnaire. This report is based on responses to the PayScale salary survey.
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$50,097 - $145,044
(Median)
$50K
$86K
$150K
MEDIAN: $85,587
10%
50%
90%

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$16.28 - $74.50
(Median)
$16
$23
$74
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$70K$140K$210K
Salary
$50,097 - $145,044  
   
Bonus
$1,991 - $49,359  
Profit Sharing
$509 - $20,347  
Commission
$2,039 - $25,760  
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).
)
$51,017 - $180,569  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 1,812
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$50$100$150
Hourly Rate
$16.28 - $74.50  
   
Overtime
$0.00 - $68.51  
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$100K$200K$300K
Bonus
$1,991 - $49,359  
   
Commission
$2,039 - $25,760  
Profit Sharing
$509 - $20,347  
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).
)
$51,017 - $180,569  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 40
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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 $180K per year. Many Portfolio Managers go on to become Real Estate Asset Managers or Property, Real Estate, or Community Association Managers despite the fact that median compensation in those roles is reportedly $21K lower and $51K lower, respectively.

Portfolio Manager Job Listings

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Popular Employer Salaries for Portfolio Manager


Portfolio Managers flock to The Northern Trust Company, Fifth Third Bancorp, The Bank of New York Mellon Corporation (BNY Mellon), U.S. Bank, and US Trust Company, highly regarded companies that employ a generous number of people in this profession. 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. Other big spenders include Wells Fargo Bank, The Northern Trust Company, and U.S. Bank, top-paying firms where Portfolio Managers see paychecks nearing $134K, $120K, or $113K.

Fifth Third Bancorp, Regions Bank, and Bank of America Corp. (BOFA) also scrape the bottom of the pay scale, with median earnings hovering around $66K, $83K, and $92K.

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, 12 percent, and 7 percent, respectively. Those listing Commercial Loans as a skill should be prepared for drastically lower pay. Strategic Planning and Customer Service also typically command lower compensation. Most people who know Investment Management also know Financial Analysis.

Pay by Experience Level for Portfolio Manager

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


Portfolio Managers who reported more years of relevant experience also reported higher earnings. Survey participants with less than five years' experience pocket $67K on average, but those with five to 10 years of experience enjoy a much bigger median of $93K. Between one and two decades on the job, average salaries pass the six-figure mark at around $122K. 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


Portfolio Managers will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 55 percent. Portfolio Managers can also look forward to large paychecks in cities like Dallas (+50 percent), New York (+41 percent), Boston (+28 percent), and Los Angeles (+7 percent). Portfolio Managers in Grand Rapids earn salaries far below the national average by 47 percent, proving that geography overwhelmingly affects the pay scale for those in this field. Employers also pay below the national average in Cincinnati (26 percent lower) and Minneapolis (22 percent lower).

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Experience Affects Portfolio Manager Salaries



National Average
$96,000



Skills That Affect Portfolio Manager Salaries


up arrow 12%



Client Interaction
up arrow 4%

Portfolio Management
up arrow 2%

Risk Management / Risk Control
0%

National Average
$96,000

Customer Relationship Management (CRM)
up arrow 1%

Financial Analysis
up arrow 3%




Customer Service
up arrow 23%

Strategic Planning
up arrow 45%

Commercial Loans
up arrow 46%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 369 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
31%
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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