The average pay for a Portfolio Manager is $22.19 per hour.

The average pay for a Portfolio Manager is $84,797 per year.

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Total 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).

Total 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).

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 companys 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.

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 bachelors 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 2019 )

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

Dominating the field, The Bank of New York Mellon Corporation (BNY Mellon), US Trust Company, BB&T Corp., U.S. Bank, and Bank of America Corp. (BOFA) are top firms with a reputation for hiring a great number of Portfolio Managers. The biggest paychecks can be found at The Bank of New York Mellon Corporation (BNY Mellon) the median salary there is $157K; however, employees are subject to a wide range in pay, with the lowest salaries sitting near $107K and highest ones in the neighborhood of $237K. Also paying near the top of the field are Blackrock, Inc. at $155K, Wells Fargo Bank at $134K, and Citizens Financial Group, Inc., where Portfolio Managers annually earn $117K.

Also approaching the lower end are Fifth Third Bancorp at $67K, The Northern Trust Company at $81K, and Regions Bank at $85K.

Portfolio Managers who transition into a Chief Investment Officer role may receive large pay increases as the latter position pays an average $186K per year. A Senior Portfolio Manager role is the most common promotion for Portfolio Managers moving up the ladder, and pay for the position tends to be around the $142K mark. Another typical, albeit less common, transition for Portfolio Managers is an Investment Advisor position, where earnings are usually $69K.

Survey results imply that Portfolio Managers deploy a deep pool of skills on the job. Most notably, facility with Strategic Project Management, Investment Management, and Financial Modeling are correlated to pay that is significantly above average, leading to increases of 32 percent, 14 percent, and 13 percent, respectively. Those listing Property Management as a skill should be prepared for drastically lower pay. Commercial Loans and Customer Service also typically command lower compensation. Most people experienced in Investment Management also know Financial Analysis.

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 $68,000 based on 465 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 $95,000 based on 475 salaries. An experienced Portfolio Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $111,000 based on 487 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 $134,000 based on 164 salaries.

For Portfolio Managers, busy New York offers a higher-than-average pay rate, 39 percent above the national average. Portfolio Managers will also find cushy salaries in Washington (+29 percent), San Francisco (+29 percent), Boston (+23 percent), and Los Angeles (+15 percent). Portfolio Managers salaries are heavily influenced by location Portfolio Managers in Grand Rapids bring in salaries that are 45 percent lower than the national average. Not at the bottom but still paying below the median are employers in Charlotte and Minneapolis (27 percent lower and 22 percent lower, respectively).

Q: What is it like working as a Portfolio Manager?

Glam and glitz for tourists back to the grind for the rest of us.

Las Vegas is more than the just the Strip.

Stepping stone to commercial lender.

Financing interesting transactions, flexibility, learning.

When working for a small firm, you cant just keep your head down and do a good job. Ive realized that politics plays a real role in the success of ones career. Surrounding yourself with smart people, giving them credit for successes and taking blame for failures goes a long way toward getting people to recognize your leadership capabilities. And leadership and communication skills are far more important to getting promoted than simply working hard.

Always listen before speaking. Give the other person the first opportunity that way you will know which way to go.

Stressful, micro management, no training, not enough experienced associates, constant turnover, No formal direction to do job.

You dont have to know everything, you just have to know how to get everything. Take the jobs you can get, take the money you can get. Never get into credit card debt.