Portfolio Manager in New York Salary
How much does a Portfolio Manager make in New York, NY? A Portfolio Manager in New York enjoys a hefty income, with the average salary surpassing six figures ($101,512) annually. This is 17% above the national average for a Portfolio Manager which is $83,869 annually. Salaries for a Portfolio Manager in New York range from $70,927 annually to $176,315 annually. Total Annual Pay, which includes salary, bonus, commission, profit sharing, and overtime for a Portfolio Manager in New York ranges from $76,048 to $256,060 annually. Among those reporting, there is an average job satisfaction rating of 5 out of 5 stars. Men make up a majority of the Portfolio Manager workforce in New York among those reporting — 80 percent to be exact. In New York, a Portfolio Manager often enjoys medical, dental, and vision benefits provided by their employer.
|Salary||$70,927 - $176,315|
|Bonus||$6,500 - $102,409|
|Profit Sharing||$0.00 - $77,281|
|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).)
|$76,048 - $256,060|
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...
A portfolio manager may also handle a specific bundle of investments. In these cases, investors buy into the specific mutual fund managed by the portfolio manager based upon its past performance. In these situations, the fund typically has a well-established strategy for risk, growth and the type of individual investments that it is built upon. The portfolio manager makes adjustments as needed that fit within the overall initial strategy of the fund to maintain or improve its performance in the marketplace.
To work as a portfolio manager, at least a bachelor's degree in business, finance or a related field is generally required. Portfolio managers also typically obtain certification as certified financial advisors (CFAs). This position requires experience in financial assets management and investment, and typically portfolio managers are internally promoted within capital funds or financial institutions from the ranks of analysts and assistant managers. (Copyright 2017 PayScale.com)
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 Job Listings
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 $88,000 based on 29 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 $161,000 based on 35 salaries. An experienced Portfolio Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $169,000 based on 38 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 $235,000 based on 8 salaries.
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Key Stats for Portfolio Manager
Rated 5 out of 5
based on 25 votes.