The average salary for a Portfolio Manager is $84,656.
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$51k - $140k
$2k - $45k
$604 - $16k
$2k - $48k
$51k - $170k
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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 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.
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 US Trust Company. Reported salaries are highest at BB&T Corp. where the average pay is $99,265. Other companies that offer high salaries for this role include U.S. Bank and Citizens Financial Group, Inc., earning around $99,085 and $97,436, respectively. The Northern Trust Company pays the lowest at around $88,085. Bank of America Corp. (BOFA) and Wells Fargo & Co. also pay on the lower end of the scale, paying $90,000 and $92,280, respectively.
Portfolio Manager Job Listings
Popular Skills for Portfolio Manager
Skills in Portfolio Management, Investment Management and Risk Management / Risk Control are correlated to pay that is above average. Skills that pay less than market rate include Microsoft Excel and Financial Analysis.
Pay by Experience Level for Portfolio Manager
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 $58,121 based on 147 salaries. An early career Portfolio Manager with 1-4 years of experience earns an average total compensation of $69,188 based on 813 salaries. A mid-career Portfolio Manager with 5-9 years of experience earns an average total compensation of $86,194 based on 853 salaries. An experienced Portfolio Manager with 10-19 years of experience earns an average total compensation of $100,346 based on 806 salaries. In their late career (20 years and higher), employees earn an average total compensation of $110,579.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Portfolio Manager in their job title in San Francisco, California earn an average of 26.6% more than the national average. These job titles also find higher than average salaries in New York, New York (22.6% more) and Boston, Massachusetts (19.7% more). The lowest salaries can be found in Atlanta, Georgia (5.2% less).
Years of Experience
This data is based on 2,893 survey responses.
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