The average salary for a Senior Portfolio Manager is $124,848.
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What Do Senior Portfolio Managers Do?
Senior portfolio managers work in the finance industry for mutual fund companies, banks, brokerage firms, and similar institutions to conduct research and invest clients’ money in mutual funds, stocks, bonds, and other financial instruments. They also meet with clients, financial analysts, and researchers before making investments, and may directly visit companies in which clients are interested in investing.
Senior portfolio managers must continuously monitor both domestic and foreign financia…Read more
Job Satisfaction for Senior Portfolio Manager
Popular Employer Salaries for Senior Portfolio Manager
The top respondents for the job title Senior Portfolio Manager are from the companies The Northern Trust Company, Bank of America Corp. (BOFA) and The Bank of New York Mellon Corporation (BNY Mellon). Reported salaries are highest at The Bank of New York Mellon Corporation (BNY Mellon) where the average pay is $172,464. Other companies that offer high salaries for this role include Bank of The West and The Northern Trust Company, earning around $159,844 and $146,080, respectively. U.S. Bank pays the lowest at around $110,000. Assetmark and Bank of America Corp. (BOFA) also pay on the lower end of the scale, paying $118,688 and $119,329, respectively.
Explore the most common career paths for Senior Portfolio Manager. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner
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Chief Investment Officer (CIO)
Vice President (VP), Operations
Somewhat common (8 - 20%)
Senior Portfolio Manager Job Listings
What Are Popular Skills for Senior Portfolio Managers?
Skills in Investment Management, Client Interaction and Strategic Project Management are correlated to pay that is above average. Skills that pay less than market rate include Financial Analysis and Portfolio Management.
What is the Pay by Experience Level for Senior Portfolio Managers?
An early career Senior Portfolio Manager with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $89,334 based on 20 salaries. A mid-career Senior Portfolio Manager with 5-9 years of experience earns an average total compensation of $112,673 based on 75 salaries. An experienced Senior Portfolio Manager with 10-19 years of experience earns an average total compensation of $126,050 based on 172 salaries. In their late career (20 years and higher), employees earn an average total compensation of $140,624.
Pay Difference by Location
Employees with Senior Portfolio Manager in their job title in Boston, Massachusetts earn an average of 33.7% more than the national average. These job titles also find higher than average salaries in New York, New York (30.2% more) and San Francisco, California (18.6% more). The lowest salaries can be found in Seattle, Washington (1.4% less) and Los Angeles, California (1.4% less).
Years of Experience
This data is based on 412 survey responses.