How much does a Portfolio Manager make?
Portfolio Managers play a key role in the finance industry. Their job involves making decisions on investments. These decisions can affect the financial health of many people and companies. Portfolio Managers can earn a good salary because of their important work. The average yearly salary for a Portfolio Manager is around $124,122. This salary can vary based on experience and location.
Different levels of experience can lead to different pay scales. For instance, someone just starting out may earn around $53,000 a year. As experience grows, salaries can climb. A Portfolio Manager with several years of experience might earn between $101,273 and $117,364. Those with the most experience can make upwards of $213,909 a year. This range shows that there are opportunities for growth and higher earnings with time.
What are the highest paying cities for a Portfolio Manager?

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Stamford, CT
Average Salary: $227,106
Stamford offers a thriving financial hub. Here, professionals manage diverse investment portfolios. Major companies like Evercore and Blackstone provide opportunities.
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Boston, MA
Average Salary: $156,116
Boston's financial scene is bustling. Professionals here handle investment portfolios for leading firms. Fidelity Investments and State Street are notable employers.
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San Francisco, CA
Average Salary: $152,787
San Francisco's tech-driven economy thrives. Portfolio managers work with innovative firms here. Companies like J.P. Morgan and Charles Schwab offer exciting career paths.
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Huntsville, AL
Average Salary: $148,895
Huntsville's growing economy offers dynamic roles. Portfolio managers work with companies in aerospace and defense. The city's tech sector also presents new opportunities.
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Springfield, IL
Average Salary: $142,432
Springfield provides a balanced work environment. Here, professionals manage portfolios with a focus on stability. Local companies like State Farm offer reliable career paths.
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Chicago, IL
Average Salary: $138,360
Chicago's financial sector is strong. Professionals manage portfolios for major banks. JPMorgan Chase and Goldman Sachs are prominent employers.
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Hartford, CT
Average Salary: $133,452
Hartford offers a mix of insurance and finance. Professionals manage portfolios for leading insurers. Companies like Aetna and Travelers are key players.
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Sacramento, CA
Average Salary: $132,500
Sacramento’s economy is diverse. Portfolio managers work with a variety of local firms. The tech sector is also on the rise, offering new opportunities.
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Los Angeles, CA
Average Salary: $130,635
Los Angeles's entertainment and tech sectors create a unique environment. Professionals manage portfolios for diverse companies. Firms like TPG and Guggenheim Partners lead the way.
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Charlotte, NC
Average Salary: $130,153
Charlotte’s banking sector is a major player. Professionals manage portfolios for top financial institutions. Bank of America and Wells Fargo are significant employers.
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What are the best companies a Portfolio Manager can work for?

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Apple
Average Salary: $244,077
At Apple, Portfolio Managers oversee investment portfolios for the company. They ensure the company’s investments align with its financial goals. Apple operates globally with headquarters in Cupertino, California.
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3M
Average Salary: $215,817
3M offers exciting opportunities for Portfolio Managers to manage the company’s financial assets. They work to enhance the company’s investment returns. 3M has locations across the United States and around the world.
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Synchrony
Average Salary: $203,448
Synchrony provides Portfolio Managers with a chance to manage diverse investment portfolios. They focus on maximizing returns while managing risks. Synchrony is headquartered in Stamford, Connecticut, and has offices worldwide.
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Sanofi
Average Salary: $202,583
Sanofi hires Portfolio Managers to oversee investment portfolios for the company. They ensure the company's investments grow steadily. Sanofi operates in many countries with its global headquarters in Paris, France.
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Leidos
Average Salary: $191,299
Leidos offers rewarding roles for Portfolio Managers who manage the company’s investment portfolios. They work to align investments with the company’s strategic objectives. Leidos operates globally with its headquarters in Reston, Virginia.
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Wells Fargo
Average Salary: $182,102
Wells Fargo provides opportunities for Portfolio Managers to manage investment portfolios for the bank. They focus on balancing risk and return. Wells Fargo has a presence in the United States and several other countries.
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Liberty Mutual Insurance
Average Salary: $169,000
Liberty Mutual Insurance looks for Portfolio Managers to manage its investment portfolios. They aim to achieve consistent returns. The company operates in many countries with its headquarters in Boston, Massachusetts.
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Webster Bank
Average Salary: $154,615
Webster Bank offers roles for Portfolio Managers to oversee the bank’s investment portfolios. They work to ensure the bank's investments are profitable. Webster Bank operates in the Northeast United States.
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CIBC
Average Salary: $149,660
CIBC provides opportunities for Portfolio Managers to manage investment portfolios for the bank. They focus on growing the bank’s financial assets. CIBC has locations across Canada and the United States.
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Cushman & Wakefield
Average Salary: $148,156
Cushman & Wakefield offers roles for Portfolio Managers to manage investment portfolios for commercial real estate clients. They work to maximize investment returns. The company operates in many countries with its headquarters in New York City.
How to earn more as a Portfolio Manager?
Portfolio Managers can increase their earnings through several strategic steps. Understanding market trends and client needs can lead to higher returns. Developing a strong reputation and building a loyal client base also enhances earning potential. Staying updated with the latest financial tools and technologies improves efficiency and effectiveness. Networking with other professionals can open doors to lucrative opportunities. Continuous education and certifications in finance can make a significant difference.
Here are five factors that can boost a Portfolio Manager's earnings:
- Market Knowledge: Staying informed about market trends helps in making smarter investment choices.
- Client Relationships: Building trust and maintaining strong relationships with clients can lead to referrals and repeat business.
- Financial Tools: Using the latest technology and tools can streamline operations and improve decision-making.
- Professional Network: Connecting with other financial experts can lead to collaboration and new opportunities.
- Continuous Learning: Pursuing ongoing education and certifications keeps skills sharp and relevant.



