$84,263
Avg. Salary
$22.46
Avg. Hourly Rate

Average additional compensation:

$10,316

Bonus

$4,567

Profit Sharing

$8,109

Commission

What am I worth?
How should I pay?

The average pay for a Portfolio Manager is $22.46 per hour.

The average pay for a Portfolio Manager is $84,263 per year.

$15.30
10%
$22.46
50%
$45.43
90%
MEDIAN $22.46
$51k
10%
$84k
50%
$139k
90%
MEDIAN $84,263
$50,698 - $139,183
$51K
$84K
$140K
MEDIAN: $84,263
10%
50%
90%

Add this chart to your site: 640px    300px

$15.30 - $45.43
$15
$22
$45
MEDIAN: $22.46
10%
50%
90%

Add this chart to your site: 640px    300px

$0$169K
Salary $50,698 - $139,183
Bonus $2,033 - $46,377
Profit Sharing $489 - $19,275
Commission $2,061 - $38,978
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).
)
$50,767 - $169,446
  • Country: United States
  • Currency: USD
  • Updated: 12 Dec 2018
  • Individuals Reporting: 2,483
Hourly Data $0$50
Hourly Rate $15.30 - $45.43
Overtime $15.76 - $50.26
Annual Data $0$169K
Bonus $2,033 - $46,377
Commission $2,061 - $38,978
Profit Sharing $489 - $19,275
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).
)
$50,767 - $169,446
  • Country: United States
  • Currency: USD
  • Updated: 12 Dec 2018
  • Individuals Reporting: 92

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...

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

$0$203K

U.S. Bank
27 profiles
$99,085

$86,470

$88,195

$89,688

US Trust Company
16 profiles
$92,432

$96,758

BB&T Corp.
11 profiles
$99,386

$96,044

$76,500

$91,017

Common Career Paths for Portfolio Manager


Add this chart to your site:   640px 640px    300px 300px


Portfolio Managers who transition into a Chief Investment Officer role may receive large pay increases as the latter position pays an average $186K per year. A Senior Portfolio Manager role is the most common promotion for Portfolio Managers moving up the ladder, and pay for the position tends to be around the $142K mark. Another typical, albeit less common, transition for Portfolio Managers is an Investment Advisor position, where earnings are usually $69K.

Portfolio Manager Job Listings

Popular Skills for Portfolio Manager


Survey results imply that Portfolio Managers deploy a deep pool 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 32 percent, 14 percent, and 13 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. Most people experienced in Investment Management also 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: $91,482

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

For Portfolio Managers, busy New York offers a higher-than-average pay rate, 39 percent above the national average. Portfolio Managers will also find cushy salaries in Washington (+29 percent), San Francisco (+29 percent), Boston (+23 percent), and Los Angeles (+15 percent). Portfolio Managers' salaries are heavily influenced by location — Portfolio Managers in Grand Rapids bring in salaries that are 45 percent lower than the national average. Not at the bottom but still paying below the median are employers in Charlotte and Minneapolis (27 percent lower and 22 percent lower, respectively).

Portfolio Manager Reviews

Q: What is it like working as a Portfolio Manager?

Portfolio Manager in Las Vegas, Nevada:
"Las Vegas is more than the just the Strip."
Pros: Plenty to do, and a lot of services
Cons: It gets really hot

Portfolio Manager in Braintree:
"Stepping stone to commercial lender."
Pros: Financing interesting transactions, flexibility, learning.
Cons: Essentially a credit analyst in the field.

Portfolio Manager in Los Angeles:
"Work hard, but work smart."
When working for a small firm, you can't just keep your head down and do a good job. I've realized that "politics" plays a real role in the success of one's career. Surrounding yourself with smart people, giving them credit for successes and taking blame for failures goes a long way toward getting people to recognize your leadership capabilities. And leadership and communication skills are far more important to getting promoted than simply working hard.

Portfolio Manager in Coconut Creek:
"What made others happy."
Always listen before speaking. Give the other person the first opportunity that way you will know which way to go.

Portfolio Manager in Houston:
"Too much turnover."
Pros: Number crunching, loan underwriting.
Cons: Stressful, micro management, no training, not enough experienced associates, constant turnover, No formal direction to do job.

Portfolio Manager in Los Angeles:
You don't have to know everything, you just have to know how to get everything. Take the jobs you can get, take the money you can get. Never get into credit card debt.

Related Job Salaries

Key Stats for Portfolio Manager

Gender

Female
34 %
Male
66 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 457 votes.
Less than 1 year
2%
1-4 years
26%
5-9 years
27%
10-19 years
32%
20 years or more
13%

Experience Affects Portfolio Manager Salaries

▲46%

▲21%

▲4%

National Average
$91,000

▼26%

Skills That Affect Portfolio Manager Salaries

Strategic Project Management
▲32%




▲3%



Research Analysis
▼0%

National Average
$91,000




Customer Relationship Management (CRM)
▼6%




Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 457 votes.

Gender

Female
34 %
Male
66 %

Years of Experience

Less than 1 year
2%
1-4 years
26%
5-9 years
27%
10-19 years
32%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 80%
vision benefits
Vision: 69%
no benefits
None: 8%