Portfolio Manager Salary (United Arab Emirates)
The average pay for a Portfolio Manager is AED 325,000 per year. Most people with this job move on to other positions after 20 years in this career.
|Range||AED 0AED 790K|
|Salary||AED 76,596 - AED 751,652|
|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).)
|AED 91,916 - AED 790,030|
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.Read More...
A portfolio manager may also handle a specific bundle of investments. In these cases, investors buy into the specific mutual fund managed by the portfolio manager based upon its past performance. In these situations, the fund typically has a well-established strategy for risk, growth and the type of individual investments that it is built upon. The portfolio manager makes adjustments as needed that fit within the overall initial strategy of the fund to maintain or improve its performance in the marketplace.
To work as a portfolio manager, at least a bachelor's degree in business, finance or a related field is generally required. Portfolio managers also typically obtain certification as certified financial advisors (CFAs). This position requires experience in financial assets management and investment, and typically portfolio managers are internally promoted within capital funds or financial institutions from the ranks of analysts and assistant managers. (Copyright 2018 PayScale.com)
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.
Portfolio Manager Pay By Employer
The Northern Trust Company
Bank of America Corp. (BOFA)
Citizens Financial Group, Inc.
US Trust Company
Wells Fargo & Co.
SunTrust Banks Inc.
Associated Bank Corp.
Portfolio Manager Job Listings
Pay Difference by Location
Key Stats for Portfolio Manager