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Portfolio Manager Salary

The average Portfolio Manager in the United States earns approximately $84K annually. Total cash compensation to Portfolio Managers bottoms out near $50K and approaches $179K on the high end; the biggest paychecks include approximately $49K from bonuses and almost $25K from profit sharing. Residence is the main element affecting pay for this group — the specific employer and years of experience are driving factors as well. Job satisfaction is high and work is enjoyable for most Portfolio Managers. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the larger part. Making up 75 percent of those who took the survey, male Portfolio Managers greatly outnumber their female counterparts. This overview is based on answers to PayScale's salary questionnaire.
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$49,050 - $144,124
(Median)
$49K
$84K
$140K
MEDIAN: $84,285
10%
50%
90%

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$15.44 - $82.41
(Median)
$15
$22
$82
MEDIAN: $22.00
10%
50%
90%

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Show Annual Salary Show Hourly Rate
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
$49,050 - $144,124  
   
Bonus
$1,600 - $49,488  
Profit Sharing
$1,015 - $24,534  
Commission
$1,965 - $28,000  
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).
)
$50,032 - $179,185  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 1,748
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
$15.44 - $82.41  
   
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
$1,600 - $49,488  
   
Commission
$1,965 - $28,000  
Profit Sharing
$1,015 - $24,534  
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).
)
$50,032 - $179,185  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 33
United States (change)

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 usually experience a big boost in pay as they move up the career ladder to upper-level roles like Chief Investment Officer. The average pay for a Chief Investment Officer is $183K annually. As Portfolio Managers progress in their field, many go on to become Investment Managers. In fact, this transition is more common than anything else, and pay for the position is usually $97K per year. Another common career choice for Portfolio Managers is to move into a Real Estate Asset Manager role. Typically, Real Estate Asset Managers get paid $75K.

Portfolio Manager Job Listings

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Popular Employer Salaries for Portfolio Manager


Leading companies who hire large numbers of Portfolio Managers include 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). The Bank of New York Mellon Corporation (BNY Mellon) pays the most with a median salary of $157K, though with a large amount of variation, going from a low of $107K to a high of $237K. Those in search of high salaries should also consider Wells Fargo Bank, The Northern Trust Company, and US Trust Company, top-paying firms where Portfolio Managers rake in a very impressive $134K, $120K, or $110K, respectively.

Considering that the median salary at Fifth Third Bancorp is a shallow $66K, it is not surprising that this employer ranks last in compensation relative to (and far behind) other companies in the same line of work — their median pay is less than half of the top paying company's rate. Others at the bottom of the scale for this job include BB&T Corp. at $90K, and Bank of America Corp. (BOFA) where $97K is the norm, but it is worth noting that some Portfolio Managers there earn up to $242K.

Popular Skills for Portfolio Manager


Survey respondents exploit a significant toolbox of skills in their work. Lucky workers who know Investment Management can expect a significant pay bump, scoring salaries 26 percent above average. Research Analysis and Financial Modeling are also correlated to pay that is above average, with increases between 13 percent and 26 percent. Those listing Commercial Loans as a skill should be prepared for drastically lower pay. Loan Underwriting and Microsoft Excel 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.


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Although individuals who have less than five years' experience earn $64K on average, people with five to 10 years benefit from a notably larger average of $93K. Between one and two decades on the job, average salaries pass the six-figure mark at around $121K. 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


Dallas offers some of the highest pay in the country for Portfolio Managers, 75 percent above the national average. Portfolio Managers can also look forward to large paychecks in cities like San Francisco (+65 percent), New York (+45 percent), Boston (+32 percent), and Los Angeles (+11 percent). One of the biggest compensable factors for Portfolio Managers is geography, with workers in Grand Rapids earning a whopping 47 percent below the national average. Cincinnati and Cleveland are a couple other places where companies are known to pay below the median — salaries are 23 percent lower and 15 percent lower, respectively.

Related Job Salaries

Experience Affects Portfolio Manager Salaries



National Average
$94,000



Skills That Affect Portfolio Manager Salaries




Client Interaction
up arrow 12%

up arrow 7%

Portfolio Management
up arrow 4%

Customer Relationship Management (CRM)
up arrow 1%

Risk Management / Risk Control
0%

Project Management
0%

National Average
$94,000

Financial Analysis
up arrow 3%



Commercial Loans
up arrow 29%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 453 votes.

Gender

Female
25 %
Male
75 %

Years of Experience

Less than 1 year
1%
1-4 years
21%
5-9 years
31%
10-19 years
33%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 75%
vision benefits Vision: 61% employee benefits None: 9%