Portfolio Manager Salary

Portfolio Managers in the United States can expect to earn an average of $86K per year. Cash earnings of Portfolio Managers — including $50K in bonuses, $30K in profit sharing proceeds, and $24K in commissions near the top of the pay scale — stretch from approximately $52K to approximately $184K depending on individual performance. This group's pay is mainly influenced by the specific employer, followed by the particular city and experience level. Work is enjoyable for Portfolio Managers, who typically claim high levels of job satisfaction. Generally, women make up less than a third of all Portfolio Managers who answered the questionnnaire. Almost all report receiving medical coverage from their employers and a fair number collect dental insurance. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$50,715 - $146,168
(Median)
$51K
$86K
$150K
MEDIAN: $85,717
10%
50%
90%

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$15.86 - $60.64
(Median)
$16
$22
$61
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$70K$140K$210K
Salary
$50,715 - $146,168  
   
Bonus
$2,008 - $50,182  
Profit Sharing
$509 - $29,748  
Commission
$2,011 - $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).
)
$51,893 - $183,838  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 2,074
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$50$100$150
Hourly Rate
$15.86 - $60.64  
   
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$100K$200K$300K
Bonus
$2,008 - $50,182  
   
Commission
$2,011 - $24,240  
Profit Sharing
$509 - $29,748  
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).
)
$51,893 - $183,838  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 47
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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 may experience a large salary bump if they progress into a role such as Chief Investment Officer. The latter position pays an average of $183K annually. More often than not, a Senior Portfolio Manager role is the next step for Portfolio Managers moving up in the field. Senior Portfolio Managers usually make $138K per year. Many other Portfolio Managers choose to take on an Investment Advisor role, where salaries are typically $69K.

Portfolio Manager Job Listings

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Popular Employer Salaries for Portfolio Manager


Well-known firms with a reputation for hiring numerous Portfolio Managers include The Northern Trust Company, US Trust Company, Fifth Third Bancorp, The Bank of New York Mellon Corporation (BNY Mellon), 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. Other leaders in compensation levels are Wells Fargo Bank at $134K, U.S. Bank at $115K, and BMO Financial Group, where Portfolio Managers annually earn $110K.

Fifth Third Bancorp, Regions Bank, and Bank of America Corp. (BOFA) are a few other employers known for handing out relatively lightweight salaries ($66K, $85K, and $92K respectively).

Popular Skills for Portfolio Manager


Survey results imply that Portfolio Managers deploy a substantial tool kit of skills at work. Most notably, facility with Investment Management, Sales, and Research Analysis are correlated to pay that is significantly above average, leading to increases of 22 percent, 15 percent, and 7 percent, respectively. Those listing Budget Management as a skill should be prepared for drastically lower pay. Property Management and Operations Management also typically command lower compensation. Most people experienced in 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. Respondents with less than five years' experience take home $69K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $96K. Between one and two decades on the job, average salaries pass the six-figure mark at around $122K. 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 $149K.

Pay Difference by Location

National Average: $95,485

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

San Francisco offers some of the highest pay in the country for Portfolio Managers, 51 percent above the national average. Portfolio Managers will also find cushy salaries in New York (+44 percent), Boston (+27 percent), Washington (+24 percent), and Dallas (+13 percent). Portfolio Managers in Grand Rapids take home the lowest salaries, earning a whopping 47 percent less than the national average. Workers in Minneapolis and Cincinnati earn salaries that trail the national average for those in this profession (26 percent less and 18 percent less, respectively).

Related Job Salaries

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Experience Affects Portfolio Manager Salaries




National Average
$95,000


Skills That Affect Portfolio Manager Salaries


up arrow 15%



Portfolio Management
up arrow 2%

National Average
$95,000

Risk Management / Risk Control
up arrow 1%


Customer Relationship Management (CRM)
up arrow 10%





Operations Management
up arrow 30%

Property Management
up arrow 30%

Budget Management
up arrow 36%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 390 votes.

Gender

Female
26 %
Male
74 %

Years of Experience

Less than 1 year
2%
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%
medical benefits
Vision: 63%
dental benefits
None: 9%
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