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Portfolio Manager Salary

For Portfolio Managers, yearly average wages total $85K annually. The range in cash compensation to Portfolio Managers (largely between $51K and $180K) includes potential earnings of $49K from bonuses, $20K from profit sharing, and commissions of $26K in exceptional cases. The most important factor affecting compensation for this group is the specific employer, followed by geography and experience level. Most Portfolio Managers survey respondents are men (75 percent). Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the larger part. Job satisfaction for Portfolio Managers is high. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$49,983 - $144,695
(Median)
$50K
$85K
$140K
MEDIAN: $85,444
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$70K$140K$210K
Salary
$49,983 - $144,695  
   
Bonus
$1,997 - $49,194  
Profit Sharing
$970 - $20,298  
Commission
$2,043 - $25,532  
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).
)
$51,228 - $180,262  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 1,794
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
$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$100K$200K$300K
Bonus
$1,997 - $49,194  
   
Commission
$2,043 - $25,532  
Profit Sharing
$970 - $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).
)
$51,228 - $180,262  
Country: United States | Currency: USD | Updated: 16 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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Portfolio Managers often transition into Chief Investment Officer positions, for which compensation tends to be much higher. On average, Chief Investment Officers earn $181K per year. A lot of Portfolio Managers advance their careers by becoming Real Estate Asset Managers and Property, Real Estate, or Community Association Managers. However, those positions offer $21K less and $51K less per year on average.

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, Fifth Third Bancorp, The Bank of New York Mellon Corporation (BNY Mellon), Bank of America Corp. (BOFA), and US Trust Company, firms that are at the top of the field. Although The Bank of New York Mellon Corporation (BNY Mellon) leads the field in pay with a median salary of $157K, employees there receive a wide spread of salaries, from $107K on the low end all the way up to $237K at the top. Wells Fargo Bank, The Northern Trust Company, and U.S. Bank also offer top salaries for Portfolio Managers. Workers at these firms can expect to earn about $134K, $120K, and $111K, respectively.

Others at the bottom of the scale for this job include Fifth Third Bancorp at $66K, and Bank of America Corp. (BOFA) where $83K is the norm, but it is worth noting that some Portfolio Managers there earn up to $245K.

Popular Skills for Portfolio Manager


Survey results imply that Portfolio Managers deploy a substantial tool kit of skills at work. Most notably, facility with Investment Management, Sales, and Research Analysis are correlated to pay that is significantly above average, leading to increases of 24 percent, 11 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. Those familiar with Investment Management also tend to know Financial Analysis.

Pay by Experience Level for Portfolio Manager

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


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Salaries of relatively inexperienced workers fall in the neighborhood of $67K, but folks who have racked up five to 10 years see a notably higher median of $93K. Those with 10 to 20 years of experience under their belts can expect their paychecks to flourish around the six-figure median of $121K. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $152K.

Pay Difference by Location


For Portfolio Managers, San Francisco provides a pay rate that is 59 percent greater than the national average. Portfolio Managers can also look forward to large paychecks in cities like Dallas (+50 percent), New York (+41 percent), Boston (+30 percent), and Los Angeles (+11 percent). Compared to the national average, Grand Rapids Portfolio Managers have considerably lower salaries, 47 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession. Not at the bottom but still paying below the median are employers in Cincinnati and Cleveland (25 percent lower and 16 percent lower, respectively).

Related Job Salaries

United States (change)

Experience Affects Portfolio Manager Salaries



National Average
$96,000



Skills That Affect Portfolio Manager Salaries


up arrow 11%



Client Interaction
up arrow 4%

Portfolio Management
up arrow 2%

National Average
$96,000

Customer Relationship Management (CRM)
up arrow 1%

Risk Management / Risk Control
up arrow 2%

Project Management
up arrow 2%

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 400 votes.

Gender

Female
25 %
Male
75 %

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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