The average salary for a Portfolio Manager is $86,458.
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What Do Portfolio Managers Do?
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 in…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.
Job Satisfaction for Portfolio Manager
Popular Employer Salaries for Portfolio Manager
The top respondents for the job title Portfolio Manager are from the companies U.S. Bank, Bank of America Corp. (BOFA) and Citizens Financial Group, Inc.. Reported salaries are highest at Citizens Financial Group, Inc. where the average pay is $105,000. Other companies that offer high salaries for this role include U.S. Bank and Bank of America Corp. (BOFA), earning around $99,431 and $98,870, respectively. United Bank pays the lowest at around $75,000. The Northern Trust Company and Wells Fargo & Co. also pay on the lower end of the scale, paying $86,818 and $90,000, respectively.
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Chief Investment Officer (CIO)
Somewhat common (8 - 20%)
Portfolio Manager Job Listings
What Are Popular Skills for Portfolio Managers?
Skills in Portfolio Management and Investment Management are correlated to pay that is above average. Skills that pay less than market rate include Commercial Loans, Microsoft Excel and Financial Analysis.
What is the Pay by Experience Level for Portfolio Managers?
An entry-level Portfolio Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $59,086 based on 29 salaries. An early career Portfolio Manager with 1-4 years of experience earns an average total compensation of $71,205 based on 638 salaries. A mid-career Portfolio Manager with 5-9 years of experience earns an average total compensation of $87,742 based on 682 salaries. An experienced Portfolio Manager with 10-19 years of experience earns an average total compensation of $101,397 based on 675 salaries. In their late career (20 years and higher), employees earn an average total compensation of $114,410.
Pay Difference by Location
Employees with Portfolio Manager in their job title in San Francisco, California earn an average of 27.4% more than the national average. These job titles also find higher than average salaries in New York, New York (18.7% more) and Los Angeles, California (15.1% more). The lowest salaries can be found in Atlanta, Georgia (5.6% less).
Years of Experience
This data is based on 2,342 survey responses.