Portfolio Manager Salary

Average Portfolio Managers in the United States make around $86K per year. Total incomes of Portfolio Managers incorporate potential for, in a few cases, more than $49K from bonuses and close to $20K from profit sharing; these performance components cause packages to range between $51K and $180K. The particular firm is the main element affecting pay for this group — the particular city and years of experience are driving factors as well. For the most part, Portfolio Managers enjoy their work and report high levels of job satisfaction. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the greater part. Generally, women make up less than a third of all Portfolio Managers who answered the questionnnaire. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$50,092 - $144,961
(Median)
$50K
$86K
$140K
MEDIAN: $85,534
10%
50%
90%

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$16.03 - $76.03
(Median)
$16
$23
$76
MEDIAN: $23.00
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
$50,092 - $144,961  
   
Bonus
$2,001 - $49,185  
Profit Sharing
$604 - $20,180  
Commission
$2,039 - $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).
)
$51,162 - $180,150  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 1,808
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
$16.03 - $76.03  
   
Overtime
$0.00 - $67.87  
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
$2,001 - $49,185  
   
Commission
$2,039 - $25,760  
Profit Sharing
$604 - $20,180  
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).
)
$51,162 - $180,150  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 37
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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 might see a strong upturn in salary after transitioning into upper-level roles such as Chief Investment Officer, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $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


Known for taking on a considerable number of Portfolio Managers, The Northern Trust Company, Fifth Third Bancorp, The Bank of New York Mellon Corporation (BNY Mellon), U.S. Bank, and US Trust Company are leading firms in the industry. The Bank of New York Mellon Corporation (BNY Mellon) offers the largest salaries in town ($157K on average), but the considerable range in workers' salaries creates a rather varied pay scale that stretches from $107K to $237K. Portfolio Managers can also look forward to large paychecks at Wells Fargo Bank ($134K), The Northern Trust Company ($120K), and U.S. Bank ($111K).

Workers at Fifth Third Bancorp, Regions Bank, and Bank of America Corp. (BOFA) also face smaller salaries than the rest of the field — average earnings for these employers come to $66K, $83K, and $92K respectively.

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, 13 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. Most people familiar with 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.


In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. Survey participants with less than five years' experience pocket $68K on average, but those with five to 10 years of experience enjoy a much bigger median of $93K. Experienced professionals — those with 10 to 20 years in the field — see salaries in the six-figure territory, securing around $122K on average. More than 20 years of experience mean a somewhat bigger median paycheck of $152K, but it's not much more than what less experienced people make.

Pay Difference by Location


With a pay rate for Portfolio Managers that is 56 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. Portfolio Managers will also find cushy salaries in Dallas (+50 percent), New York (+40 percent), Boston (+27 percent), and Los Angeles (+7 percent). Location significantly influences compensation, with Grand Rapids Portfolio Managers earning much less — 47 percent less — than the national average. Employers pay around 26 percent less in Cincinnati and 18 percent less in Cleveland, below-median salaries for those in this field.

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Experience Affects Portfolio Manager Salaries



National Average
$96,000



Skills That Affect Portfolio Manager Salaries


up arrow 13%



Client Interaction
up arrow 4%

Portfolio Management
up arrow 2%

National Average
$96,000

Risk Management / Risk Control
up arrow 1%

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 375 votes.

Gender

Female
26 %
Male
74 %

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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