The average pay for a Senior Portfolio Manager is $41.90 per hour.
The average pay for a Senior Portfolio Manager is $124,544 per year.
|Salary||$72,987 - $192,403|
|Bonus||$5,185 - $75,499|
|Profit Sharing||$616 - $68,537|
|Commission||$3,020 - $71,490|
|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).)
|$77,470 - $249,393|
Job Description for Senior Portfolio Manager
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.Read More...
Senior portfolio managers must continuously monitor both domestic and foreign financial markets and may sell or buy based on available public news. They are not allowed to trade based on nonpublic information, as they must not violate insider trading laws, and they must avoid all conflicts of interest and follow Security Exchange Commission (SEC) rules and regulations. They must be knowledgeable of Internal Revenue Service (IRS) rules and regulations and the Department of Labor's Employee Retirement Income Security Act (ERISA), and those who sell financial instruments directly may be required to pass Series 6 and Series 7 exams.
A bachelor's degree or higher in a financial field and years of experience in the industry are generally required for this position, while some employers also require applicants to complete the Chartered Financial Analyst Certification program and additional licenses may be necessary depending on the state of employment. Senior portfolio managers should exhibit leadership and strong communication skills, and they must be proficient in financial software and applications to conduct relevant research and analyses. (Copyright 2019 PayScale.com)
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