Portfolio Manager Salary

Median pay for Portfolio Managers in the United States is around $83K per year. The final incomes of Portfolio Managers generally vary between $49K and $172K; higher pay grades include potential for bonuses, profit sharing, and commissions as high as $46K, $20K, and $39K, respectively. This group's pay is mainly influenced by the particular firm, followed by the particular city and years of experience. Job satisfaction for Portfolio Managers is high. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. More than half of Portfolio Managers (66 percent) survey respondents are men. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$49,678 - $137,966
$50K
$83K
$140K
MEDIAN: $83,296
10%
50%
90%

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$17.34 - $56.24
$17
$22
$56
MEDIAN: $22.01
10%
50%
90%

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$0$169K
Salary $49,678 - $137,966
Bonus $1,992 - $45,060
Profit Sharing $487.22 - $15,542
Commission $1,993 - $20,459
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).
)
$49,147 - $169,817
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 1,325
Hourly Data $0$56
Hourly Rate $17.34 - $56.24
Overtime $25.20 - $49.75
Annual Data $0$169K
Bonus $1,992 - $45,060
Commission $1,993 - $20,459
Profit Sharing $487.22 - $15,542
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).
)
$49,147 - $169,817
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 53

Find Out Exactly What You Should Be Paid

United States (change)

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

  • 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.

Common Career Paths for Portfolio Manager


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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 Employer Salaries for Portfolio Manager


Dominating the field, The Bank of New York Mellon Corporation (BNY Mellon), US Trust Company, BB&T Corp., U.S. Bank, and Bank of America Corp. (BOFA) are top firms with a reputation for hiring a great number of Portfolio Managers. The biggest paychecks can be found at The Bank of New York Mellon Corporation (BNY Mellon) — the median salary there is $157K; however, employees are subject to a wide range in pay, with the lowest salaries sitting near $107K and highest ones in the neighborhood of $237K. Also paying near the top of the field are Blackrock, Inc. at $155K, Wells Fargo Bank at $134K, and Citizens Financial Group, Inc., where Portfolio Managers annually earn $117K.

Also approaching the lower end are Fifth Third Bancorp at $67K, The Northern Trust Company at $81K, and Regions Bank at $85K.

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: $90,959

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).

Related Job Salaries

Key Stats for Portfolio Manager

Gender

Female
34 %
Male
66 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 245 votes.
Less than 1 year
2%
1-4 years
25%
5-9 years
26%
10-19 years
33%
20 years or more
14%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Portfolio Manager Salaries

▲47%

▲22%

▲5%

National Average
$91,000

▼25%

Skills That Affect Portfolio Manager Salaries

Strategic Project Management
▲32%





▲3%


Research Analysis
▲1%

National Average
$91,000




Customer Relationship Management (CRM)
▼5%




Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 245 votes.

Gender

Female
34 %
Male
66 %

Years of Experience

Less than 1 year
2%
1-4 years
25%
5-9 years
26%
10-19 years
33%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 78%
vision benefits
Vision: 68%
no benefits
None: 9%
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