How much does a Portfolio Manager make?
A Portfolio Manager plays a key role in overseeing investments and making financial decisions. The average yearly salary for this position stands at $121,529. This figure reflects the expertise and responsibility that come with managing portfolios. Portfolio Managers earn salaries that range from $51,000 to $230,000 annually, depending on their experience and the size of the institution they work for.
The salary distribution for Portfolio Managers shows a clear progression. The bottom 10% earn around $51,000, while the top 10% can make over $213,000. This range highlights the potential for growth and the rewards of gaining experience in the field. Factors such as the manager's performance, the size of the assets they manage, and the industry they work in can influence their earnings. As a result, many find it rewarding to pursue a career in portfolio management.
What are the highest paying cities for a Portfolio Manager?
-
Stamford, CT
Average Salary: $223,705
In Stamford, professionals manage investment portfolios for clients and companies. The financial sector is strong, with many opportunities in banking and insurance. Stamford offers a mix of urban and suburban living.
Find Portfolio Manager jobs in Stamford, CT
-
Albany, NY
Average Salary: $153,973
Albany provides a vibrant environment for those managing portfolios. The city's economy thrives on finance, healthcare, and government services. Working here means being part of a community that values education and innovation.
Find Portfolio Manager jobs in Albany, NY
-
Boston, MA
Average Salary: $152,381
Boston is a hub for finance and technology. Portfolio managers here work with some of the world's leading firms. The city's rich history and academic institutions add to its appeal.
Find Portfolio Manager jobs in Boston, MA
-
San Francisco, CA
Average Salary: $152,276
San Francisco offers a dynamic market for portfolio management. The tech industry's presence means many opportunities in startups and established firms. The city's culture is diverse and forward-thinking.
Find Portfolio Manager jobs in San Francisco, CA
-
Chicago, IL
Average Salary: $136,129
Chicago is known for its robust financial sector. Portfolio managers here deal with a variety of investments. The city's vibrant culture and sports scene make it an attractive place to live and work.
Find Portfolio Manager jobs in Chicago, IL
-
Charlotte, NC
Average Salary: $131,605
Charlotte is a growing center for finance and banking. Portfolio managers find many opportunities in this expanding market. The city offers a blend of urban amenities and a friendly community.
Find Portfolio Manager jobs in Charlotte, NC
-
Los Angeles, CA
Average Salary: $130,476
Los Angeles provides a diverse market for portfolio management. The entertainment industry and tech sector create unique investment opportunities. The city's warm climate and lifestyle are major draws.
Find Portfolio Manager jobs in Los Angeles, CA
-
Cincinnati, OH
Average Salary: $129,769
Cincinnati offers a balanced approach to portfolio management. The city's economy is stable, with opportunities in finance and healthcare. Living here means enjoying a lower cost of living and a strong sense of community.
Find Portfolio Manager jobs in Cincinnati, OH
-
Huntsville, AL
Average Salary: $129,270
Huntsville is known for its aerospace and technology sectors. Portfolio managers here work with innovative companies. The city offers a high quality of life and a growing job market.
Find Portfolio Manager jobs in Huntsville, AL
-
Austin, TX
Average Salary: $124,953
Austin is a tech and music hub, offering exciting opportunities for portfolio managers. The city's fast-growing economy and vibrant culture make it an attractive place to work. The cost of living is relatively low, adding to its appeal.
Find Portfolio Manager jobs in Austin, TX
What are the best companies a Portfolio Manager can work for?
-
Synchrony
Average Salary: $230,000
Synchrony offers exciting opportunities for Portfolio Managers. They manage diverse portfolios across various locations, including New York, Salt Lake City, and Stamford. The company values innovation and teamwork.
-
Citi
Average Salary: $198,448
Citi provides a dynamic environment for Portfolio Managers. They work in major cities like New York, London, and Singapore. Citi emphasizes professional growth and global opportunities.
-
Wells Fargo
Average Salary: $178,258
Wells Fargo offers a stable career path for Portfolio Managers. They operate in cities such as San Francisco, Charlotte, and Phoenix. The company focuses on customer service and financial expertise.
-
Liberty Mutual Insurance
Average Salary: $169,000
Liberty Mutual Insurance provides a competitive salary for Portfolio Managers. They work in locations like Boston, Denver, and Hartford. The company values risk management and financial stability.
-
gpac
Average Salary: $163,472
gpac offers attractive positions for Portfolio Managers. They operate in cities such as Minneapolis, Chicago, and Los Angeles. The company focuses on career development and financial success.
-
Bank of America
Average Salary: $155,378
Bank of America provides a rewarding career for Portfolio Managers. They work in major cities like Charlotte, New York, and San Francisco. The company emphasizes financial innovation and customer service.
-
American Express
Average Salary: $153,125
American Express offers a competitive salary for Portfolio Managers. They operate in cities such as New York, London, and Singapore. The company values financial expertise and global opportunities.
-
Webster Bank
Average Salary: $148,929
Webster Bank provides a stable environment for Portfolio Managers. They work in locations like New Haven, Hartford, and Boston. The company focuses on community banking and financial stability.
-
Cushman & Wakefield
Average Salary: $140,227
Cushman & Wakefield offers a dynamic role for Portfolio Managers. They operate in major cities like New York, London, and Hong Kong. The company values real estate expertise and financial management.
-
U.S. Bank
Average Salary: $139,074
U.S. Bank provides a rewarding career for Portfolio Managers. They work in cities such as Minneapolis, Portland, and Phoenix. The company focuses on financial stability and customer service.
How to earn more as a Portfolio Manager?
Becoming a successful Portfolio Manager involves more than just managing investments. It requires a blend of skills, experience, and strategic thinking. Portfolio Managers can increase their earnings by focusing on several key factors. These factors not only enhance their performance but also make them more valuable in the job market.
First, gaining experience in different markets and asset classes can significantly boost earnings. Each market has its own dynamics and challenges. Understanding these can help a Portfolio Manager make better investment decisions. Second, developing strong analytical skills is crucial. This includes the ability to interpret data and trends accurately. Third, building a robust network of industry contacts can open up new opportunities. Networking can lead to better job offers and higher-paying positions. Fourth, staying updated with the latest financial regulations and market trends is essential. This knowledge ensures that a Portfolio Manager can navigate the complexities of the financial world effectively. Finally, obtaining relevant certifications can enhance credibility and open doors to higher-paying roles. Certifications such as CFA or CFP demonstrate a commitment to professional excellence.
By focusing on these factors, Portfolio Managers can position themselves for higher earnings and career advancement. Each of these elements plays a vital role in building a successful and lucrative career in portfolio management.
- Gain experience in different markets and asset classes.
- Develop strong analytical skills.
- Build a robust network of industry contacts.
- Stay updated with financial regulations and market trends.
- Obtain relevant certifications.
