Portfolio Manager Salary

The average Portfolio Manager in the United States earns approximately $84K per year. In the world of Portfolio Managers, overall cash earnings stretch from $50K near the bottom to $173K near the top; these packages encompass bonuses that run close to $50K and profit sharing that can (albeit rarely) exceed $20K, along with commissions approaching $30K. While the particular city and years of experience impact pay for this group, the particular firm is the most influential factor. There are more male Portfolio Managers than female among those who completed the questionnaire, making up 68 percent. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Most workers in this position report high levels of job satisfaction. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$50,007 - $139,289
$50K
$84K
$140K
MEDIAN: $83,881
10%
50%
90%

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$15.31 - $44.73
$15
$23
$45
MEDIAN: $22.65
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
$50,007 - $139,289  
   
Bonus
$2,004 - $49,723  
Profit Sharing
$0.00 - $19,841  
Commission
$2,000 - $30,000  
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).
)
$49,765 - $173,452  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 1,247
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
$15.31 - $44.73  
   
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
$2,004 - $49,723  
   
Commission
$2,000 - $30,000  
Profit Sharing
$0.00 - $19,841  
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).
)
$49,765 - $173,452  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 41

Find Out Exactly What You Should Be Paid

United States (change)

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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

  • Consult with clients to develop investment objectives, provides advice and guidance to customers.
  • Report on investment activity and performance.
  • 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.

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 $186K per year. With an annual salary of $142K, Senior Portfolio Manager is the most common role for Portfolio Managers to subsequently assume on their way up the ladder. Transitioning into an Investment Advisor role — which usually pays $69K — is also typical for Portfolio Managers, though less common by comparison.

Portfolio Manager Job Listings

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Popular Employer Salaries for Portfolio Manager


The Bank of New York Mellon Corporation (BNY Mellon), US Trust Company, BB&T Corp., U.S. Bank, and Bank of America Corp. (BOFA) are among the top companies that take on many Portfolio Managers. For Portfolio Managers, comfortable salaries can be found at The Bank of New York Mellon Corporation (BNY Mellon); in fact, average earnings are around $157K, the highest in the area, though the difference in the company's lowest and highest employee paychecks ($107K versus $237K) is great. Other leaders in compensation levels are Blackrock, Inc. at $155K, Wells Fargo Bank at $134K, and Citizens Financial Group, Inc., where Portfolio Managers annually earn $117K.

Fifth Third Bancorp, The Northern Trust Company, and Regions Bank also rank near the bottom for pay, handing out $67K, $81K, and $85K-paychecks on average.

Popular Skills for Portfolio Manager


Portfolio Managers report using a large range of skills on the job. Most notably, facility with Strategic Project Management, Investment Management, and Financial Modeling are correlated to pay that is significantly above average, leading to increases of 31 percent, 13 percent, and 12 percent, respectively. Those listing Property Management as a skill should be prepared for drastically lower pay. Commercial Loans and Customer Service also typically command lower compensation. Those familiar with Investment Management also tend to know Financial Analysis.

Pay by Experience Level for Portfolio Manager

Pay by Experience for a Portfolio Manager has a positive trend. An entry-level Portfolio Manager with less than 5 years of experience can expect to earn an average total compensation of $68,000 based on 465 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Portfolio Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $95,000 based on 475 salaries. An experienced Portfolio Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $111,000 based on 487 salaries. A Portfolio Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $134,000 based on 164 salaries.

Pay Difference by Location

National Average: $91,826

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

For Portfolio Managers, New York provides a pay rate that is 38 percent greater than the national average. Portfolio Managers will also find cushy salaries in Washington (+28 percent), San Francisco (+28 percent), Boston (+22 percent), and Los Angeles (+14 percent). Compared to the national average, Grand Rapids Portfolio Managers have considerably lower salaries, 45 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession. Employers also pay below the national average in Charlotte (27 percent lower) and Minneapolis (22 percent lower).

Related Job Salaries

Key Stats for Portfolio Manager

Gender

Female
32 %
Male
68 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 195 votes.
Less than 1 year
2%
1-4 years
25%
5-9 years
26%
10-19 years
34%
20 years or more
13%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Portfolio Manager Salaries

▲46%

▲20%

▲4%

National Average
$92,000

▼26%

Skills That Affect Portfolio Manager Salaries

Strategic Project Management
▲31%





▲2%


Research Analysis
▼0%

National Average
$92,000




Customer Relationship Management (CRM)
▼6%




Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 195 votes.

Gender

Female
32 %
Male
68 %

Years of Experience

Less than 1 year
2%
1-4 years
25%
5-9 years
26%
10-19 years
34%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 78%
vision benefits
Vision: 65%
no benefits
None: 9%