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Portfolio Manager Salary

For Portfolio Managers, yearly average wages total $85K annually. Final cash compensation to Portfolio Managers varies from around $51K to approximately $179K; choice pay grades include potential for bonuses and profit sharing as high as $49K and $21K, respectively. Compensation for this group is mainly affected by the particular firm, but geography and tenure are influential factors as well. Job satisfaction is reported as high by the vast majority of workers. Most Portfolio Managers survey respondents are men (75 percent). Medical benefits are awarded to most, and a strong majority earn dental coverage. This report is based on responses to the PayScale salary survey.
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$49,831 - $144,235
(Median)
$50K
$85K
$140K
MEDIAN: $85,104
10%
50%
90%

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$16.65 - $77.28
(Median)
$17
$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$60K$120K$180K
Salary
$49,831 - $144,235  
   
Bonus
$1,992 - $49,187  
Profit Sharing
$964 - $20,729  
Commission
$1,969 - $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).
)
$51,092 - $178,790  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 1,762
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$30$60$90
Hourly Rate
$16.65 - $77.28  
   
Overtime
$-0.50 - $51.40  
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$60K$120K$180K
Bonus
$1,992 - $49,187  
   
Commission
$1,969 - $25,760  
Profit Sharing
$964 - $20,729  
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).
)
$51,092 - $178,790  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 35

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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 who move on to become Chief Investment Officers may enjoy significant pay raises, as Chief Investment Officers get paid an average of $183K per year. The most common career progression for Portfolio Managers leads to becoming an Investment Manager, where average pay is $96K annually. However, many Portfolio Managers also opt to become Real Estate Asset Managers. Typically, a Real Estate Asset Manager brings home $75K.

Portfolio Manager Job Listings

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Popular Employer Salaries for Portfolio Manager


Portfolio Managers fill the offices of leading firms The Northern Trust Company, Fifth Third Bancorp, The Bank of New York Mellon Corporation (BNY Mellon), US Trust Company, and Bank of America Corp. (BOFA). Although The Bank of New York Mellon Corporation (BNY Mellon) boasts the highest average salary in town at $157K, employee compensation still varies greatly — workers can make as little as $107K or as much as $237K. Portfolio Managers will also find cushy salaries at Wells Fargo Bank (+$134K), The Northern Trust Company (+$115K), and U.S. Bank (+$108K).

Others at the bottom of the scale for this job include Fifth Third Bancorp at $66K, and Bank of America Corp. (BOFA) where $86K is the norm, but it is worth noting that some Portfolio Managers there earn up to $245K.

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 25 percent, 12 percent, and 10 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. 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 with a lot of experience tend to enjoy higher earnings. Relatively untried employees who have less than five years' experience make $67K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $93K. Professionals who spend a good 10 to 20 years in the workforce haul in an average of $121K. Portfolio Managers with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $151K.

Pay Difference by Location


Home to some of the best pay for Portfolio Managers, San Francisco offers exceptional salaries, 63 percent above the national average. Portfolio Managers can also look forward to large paychecks in cities like New York (+42 percent), Dallas (+36 percent), Boston (+32 percent), and Los Angeles (+11 percent). Location significantly influences compensation, with Grand Rapids Portfolio Managers earning much less — 47 percent less — than the national average. Employers pay around 30 percent less in Cincinnati and 15 percent less in Cleveland, below-median salaries for those in this field.

Related Job Salaries

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Experience Affects Portfolio Manager Salaries



National Average
$95,000



Skills That Affect Portfolio Manager Salaries


up arrow 12%



Client Interaction
up arrow 5%

Portfolio Management
up arrow 4%

Customer Relationship Management (CRM)
0%

National Average
$95,000

Risk Management / Risk Control
up arrow 1%

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 420 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: 76%
vision benefits Vision: 62% employee benefits None: 9%