The East Coast is the promised land for Portfolio Managers; the three top-paying cities in America are New York, Washington, and Boston. In the world of Portfolio Managers, total cash compensation can vary between $50K and $175K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $50K and $20K, respectively. The particular firm is the biggest factor affecting pay for this group, followed by the particular city and tenure. Almost all report receiving medical coverage from their employers and a fair number collect dental insurance. Men account for the majority of Portfolio Managers who responded to the questionnaire — 69 percent to be exact. Job satisfaction is reported as high by the vast majority of workers. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$49,640 - $140,367
(Median)
$50K
$83K
$140K
MEDIAN: $82,600
10%
50%
90%

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$15.68 - $44.97
(Median)
$16
$23
$45
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$60K$120K$180K
Salary
$49,640 - $140,367  
   
Bonus
$2,011 - $49,510  
Profit Sharing
$0.00 - $19,615  
Commission
$2,018 - $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).
)
$49,695 - $174,769  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 1,296
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
$15.68 - $44.97  
   
Overtime
$6.50 - $87.50  
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
$2,011 - $49,510  
   
Commission
$2,018 - $24,240  
Profit Sharing
$0.00 - $19,615  
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).
)
$49,695 - $174,769  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 40
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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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At the upper end, Portfolio Managers who move into a Chief Investment Officer role can end up with a hefty increase in pay. The average income for Chief Investment Officers is a much higher $184K per year. Becoming a Senior Portfolio Manager is, more often than not, the most common role that Portfolio Managers move into when they're ready for the next step in their career. The average salary for the position is $139K. Another frequent advance is for Portfolio Managers to assume an Investment Advisor role; in this role, workers often earn $69K.

Portfolio Manager Job Listings

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Popular Employer Salaries for Portfolio Manager


The Bank of New York Mellon Corporation (BNY Mellon), U.S. Bank, The Northern Trust Company, BB&T Corp., and Bank of America Corp. (BOFA) are top-notch employers for Portfolio Managers in this area. The Bank of New York Mellon Corporation (BNY Mellon) does shell out the biggest paychecks — the median in that office is $157K — but the company pay scale is greatly mixed, meaning that workers on the low end may earn only $107K while workers on the upper end may rake in up to $237K. Portfolio Managers can also look forward to large paychecks at Wells Fargo Bank ($134K), Blackrock, Inc. ($130K), and Citizens Financial Group, Inc. ($119K).

Also approaching the lower end are Wells Fargo & Co. at $63K, Fifth Third Bancorp at $66K, and Regions Bank at $85K.

Popular Skills for Portfolio Manager


Survey participants wield an impressively varied skill set on the job. Most notably, skills in Investment Management, Client Interaction, Financial Modeling, and Sales are correlated to pay that is above average, with boosts between 10 percent and 16 percent. Those listing Property Management as a skill should be prepared for drastically lower pay. Customer Service and Commercial Loans also typically command lower compensation. Those educated in Investment Management tend to be well versed in Financial Analysis.

Pay by Experience Level for Portfolio Manager

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


For many Portfolio Managers, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Respondents with less than five years' experience take home $67K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $92K. Six-figure salaries surface after one to two decades on the job — experienced professionals in this group reap a six-figure median of $111K. 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 $130K.

Pay Difference by Location

National Average: $90,715

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

Relative to Portfolio Managers in the rest of the country, Portfolio Managers to the east in New York, Washington, and Boston see salaries beyond the national average. Portfolio Managers' salaries are heavily influenced by location — Portfolio Managers in Grand Rapids bring in salaries that are 44 percent lower than the national average. Employers in Minneapolis and Charlotte also lean toward paying below-median salaries (29 percent lower and 27 percent lower, respectively).

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Experience Affects Portfolio Manager Salaries




National Average
$91,000


Skills That Affect Portfolio Manager Salaries



Client Interaction
up arrow 10%

up arrow 7%

Risk Management / Risk Control
up arrow 3%

Portfolio Management
up arrow 1%

National Average
$91,000

Project Management
up arrow 1%

Financial Analysis
up arrow 3%

Customer Relationship Management (CRM)
up arrow 5%





Customer Service
up arrow 31%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 192 votes.

Gender

Female
31 %
Male
69 %

Years of Experience

Less than 1 year
2%
1-4 years
24%
5-9 years
28%
10-19 years
33%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 78%
medical benefits
Vision: 64%
dental benefits
None: 8%
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