Portfolio Manager Salary

Earnings for Portfolio Managers in the United States come in at around $86K annually on average. Including potential for bonuses and profit sharing — peaking near $49K and $20K, respectively — total cash payment to Portfolio Managers can bottom out near $51K or peak near $178K depending on individual performance. The most influential factor affecting pay for this group is the particular firm, though geography and experience level have a (lesser) impact as well. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the greater part. 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. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$50,201 - $143,865

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$15.97 - $73.97

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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$60K$120K$180K
Salary
$50,201 - $143,865  
   
Bonus
$1,983 - $48,981  
Profit Sharing
$502 - $20,453  
Commission
$2,039 - $20,608  
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).
)
$51,079 - $178,440  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 1,822
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$30$60$90
Hourly Rate
$15.97 - $73.97  
   
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$60K$120K$180K
Bonus
$1,983 - $48,981  
   
Commission
$2,039 - $20,608  
Profit Sharing
$502 - $20,453  
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).
)
$51,079 - $178,440  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 41
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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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Portfolio Managers often transition into Chief Investment Officer positions, for which compensation tends to be much higher. On average, Chief Investment Officers earn $180K per year. Portfolio Managers most frequently become Real Estate Asset Managers and Property, Real Estate, or Community Association Managers even though median compensation is $21K lower and $51K lower, respectively.

Portfolio Manager Job Listings

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Popular Employer Salaries for Portfolio Manager


Leading companies who hire large numbers of Portfolio Managers include The Northern Trust Company, Fifth Third Bancorp, The Bank of New York Mellon Corporation (BNY Mellon), U.S. Bank, and Bank of America Corp. (BOFA). Although The Bank of New York Mellon Corporation (BNY Mellon) heads up the field in terms of compensation, offering the highest median salary at $157K, pay at this particular employer still varies considerably, running the full spectrum from $107K to $237K. Portfolio Managers can also look forward to large paychecks at Wells Fargo Bank ($134K), The Northern Trust Company ($122K), and U.S. Bank ($113K).

Workers also receive paychecks lighter than average at Fifth Third Bancorp ($66K), Regions Bank ($83K), and Bank of America Corp. (BOFA) ($85K).

Popular Skills for Portfolio Manager


Survey results imply that Portfolio Managers deploy a deep pool of skills on the job. 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, 11 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. The majority of those 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.


Experience is an important factor influencing the compensation of Portfolio Managers. Respondents with less than five years' experience take home $68K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $94K. Between one and two decades on the job, average salaries pass the six-figure mark at around $122K. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $151K on average.

Pay Difference by Location


For Portfolio Managers, busy San Francisco offers a higher-than-average pay rate, 53 percent above the national average. Portfolio Managers can also look forward to large paychecks in cities like Dallas (+50 percent), New York (+40 percent), Boston (+27 percent), and Chicago (+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. Below-median salaries also turn up in Cincinnati and Minneapolis (26 percent lower and 18 percent lower, respectively).

Related Job Salaries

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Experience Affects Portfolio Manager Salaries



National Average
$96,000



Skills That Affect Portfolio Manager Salaries


up arrow 11%


Client Interaction
up arrow 5%

Financial Modeling
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 359 votes.

Gender

Female
26 %
Male
74 %

Years of Experience

Less than 1 year
1%
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%
vision benefits Vision: 64% employee benefits None: 9%
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