$63,000
Avg. Salary
Avg. Hourly Rate
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The average pay for a Portfolio Manager in Detroit, Michigan is {{pay}} per hour.

The average pay for a Portfolio Manager in Detroit, Michigan is $63,000 per year.

$0.00
10%
$0.00
50%
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90%
MEDIAN $0.00
$52k
10%
$63k
50%
$117k
90%
MEDIAN $63,000

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.

About Detroit, Michigan

Wayne County, Michigan
677,124
Male:
319,265 (47.2%)
Female:
357,859 (52.8%)
Detroit (/dᵻˈtrɔɪt/) is the most populous city in the U.S. state of Michigan, the fourth-largest city in the Midwest and the largest city on the United States–Canada border. It is the seat of Wayne County, the most populous county in the state. The municipality of Detroit had a 2015 estimated population of 677,116, making it the 21st-most populous city in the United States. The metropolitan area, known as Metro Detroit, is home to 4.3 million people and lies at the heart of the Great Lakes Megalopolis area, with around 60 million people. Roughly one-half of Michigan's population lives in Metro Detroit alone. The Detroit–Windsor area, a commercial link straddling the Canada–U.S. border, has a total population of about 5.7 million. Detroit is a major port on the Detroit River, a strait that connects the Great Lakes system to the Saint Lawrence Seaway. The Detroit Metropolitan Airport is among the most important hubs...
Detroit:
$25,980
Michigan:
$51,084
$747
Detroit:
$42,600
Michigan:
$137,500
10.9%

Portfolio Manager Job Listings

Key Stats for Portfolio Manager

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 2 votes.
1-4 years
60%
10-19 years
20%
20 years or more
20%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 2 votes.

Years of Experience

1-4 years
60%
10-19 years
20%
20 years or more
20%

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 60%
vision benefits
Vision: 20%
no benefits
None: 20%