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How much does a Portfolio Manager make?

The average salary for a Portfolio Manager is $123,090 per year in the US.

A Portfolio Manager plays an important role in the finance industry. They help people and businesses grow their money by making smart investment choices. This job can be very rewarding, both in terms of money and personal satisfaction. The average yearly salary for a Portfolio Manager is $123,090. This is a good income that shows how valuable this job is.


Different levels of experience lead to different salaries. A new Portfolio Manager might earn around $52,500. As they gain more experience, their salary can go up. Here are some possible salaries at different stages:

  • Entry level: $52,500
  • Mid-career: $102,136
  • Senior level: $184,864
This range shows how much a Portfolio Manager can earn as they become more skilled and knowledgeable.

View Portfolio Manager jobs nearby

What are the highest paying cities for a Portfolio Manager?

Cities like Stamford, CT, offer top salaries for portfolio managers. With an average salary of $213,013, it is a prime location for those in the field. San Francisco, CA, also provides high earnings, with portfolio managers earning around $157,559 annually. Other cities with attractive salaries include Huntsville, AL, and Boston, MA. These areas offer competitive pay and vibrant job markets. Miami, FL, and Albany, NY, also provide strong financial opportunities for portfolio managers.
Graph displaying highest paying cities salaries for Portfolio Manager jobs, highlighting Stamford, CT with the highest at $213,013 and Washington, DC with the lowest at $139,712.
  1. Stamford, CT
    Average Salary: $213,013
    In Stamford, managing investment portfolios involves working with financial giants. Companies like The Hartford and United Technologies offer opportunities to lead and grow investment strategies. Professionals often work in a dynamic, fast-paced environment.
    Find Portfolio Manager jobs in Stamford, CT


  2. San Francisco, CA
    Average Salary: $157,559
    San Francisco offers a vibrant financial sector, with tech and finance companies like Goldman Sachs and Visa. Portfolio managers here leverage innovative strategies and technology. The city's diverse culture adds to the professional experience.
    Find Portfolio Manager jobs in San Francisco, CA


  3. Huntsville, AL
    Average Salary: $156,407
    Huntsville features a growing financial industry, with firms such as Airbus and NASA. Portfolio managers can expect a strong focus on research and development. The city's welcoming atmosphere makes it ideal for work-life balance.
    Find Portfolio Manager jobs in Huntsville, AL


  4. Boston, MA
    Average Salary: $152,821
    Boston’s financial sector is robust, with institutions such as State Street and Fidelity Investments. Managers here benefit from a rich history of finance and investment. The city’s educational institutions also contribute to professional development.
    Find Portfolio Manager jobs in Boston, MA


  5. Chicago, IL
    Average Salary: $145,388
    Chicago is a major financial hub, home to firms like JPMorgan Chase and Allstate. Portfolio managers enjoy a bustling environment with many opportunities for networking. The city's diverse offerings provide a good quality of life.
    Find Portfolio Manager jobs in Chicago, IL


  6. Miami, FL
    Average Salary: $144,973
    Miami attracts professionals with its warm climate and growing finance sector. Companies like Bank of America and Fidelity offer dynamic roles. Managers here enjoy a vibrant lifestyle, blending professional success with leisure.
    Find Portfolio Manager jobs in Miami, FL


  7. Albany, NY
    Average Salary: $143,197
    Albany’s financial landscape includes companies such as MVP and MVP Health Care. Portfolio managers benefit from a stable environment with a strong community focus. The city's lower cost of living adds to its appeal.
    Find Portfolio Manager jobs in Albany, NY


  8. Charlotte, NC
    Average Salary: $142,487
    Charlotte is known as a financial center, home to Bank of America and Wells Fargo. Portfolio managers can expect to work in a collaborative environment with strong industry connections. The city’s growing amenities enhance living standards.
    Find Portfolio Manager jobs in Charlotte, NC


  9. San Antonio, TX
    Average Salary: $140,858
    San Antonio has a growing financial sector, with companies like Frost Bank and USAA. Managers enjoy a supportive community and a balanced lifestyle. The city’s diverse culture enriches the professional experience.
    Find Portfolio Manager jobs in San Antonio, TX


  10. Washington, DC
    Average Salary: $139,712
    Washington, DC’s financial scene includes firms such as Blackrock and Vanguard. Portfolio managers work in a politically and economically influential city. The city’s rich history and cultural attractions provide a stimulating backdrop.
    Find Portfolio Manager jobs in Washington, DC

What are the best companies a Portfolio Manager can work for?

Top-tier companies offer excellent pay for Portfolio Managers. Companies like 3M and Wells Fargo lead with salaries over $200,000. Job seekers can find competitive packages at JPMorgan Chase and Goldman Sachs as well. Other notable employers include Leidos and Synchrony Financial. These firms provide salaries that exceed $180,000. Webster Bank, Citizens, and Charles Schwab also pay well. They offer competitive packages in the $150,000 range.
Graph displaying best paying company salaries for Portfolio Manager jobs, highlighting 3M Company with the highest at $217,959 and Charles Schwab with the lowest at $155,895.
  1. 3M Company
    Average Salary: $217,959
    3M Company is a global leader in technology and innovation. They offer diverse opportunities for Portfolio Managers in various locations, including the United States, Asia, and Europe. At 3M, Portfolio Managers work on dynamic projects that span multiple industries, ensuring financial strategies align with company goals.


  2. Wells Fargo
    Average Salary: $192,545
    Wells Fargo, a major financial services company, provides many opportunities for Portfolio Managers. They are present in many parts of the world, including North America and some parts of Asia. Here, Portfolio Managers oversee significant portfolios, making important decisions to grow investments.


  3. Leidos
    Average Salary: $182,935
    Leidos is a global technology, engineering, and science solutions company. Portfolio Managers at Leidos manage financial strategies for government and commercial clients. They operate in major cities across the United States, ensuring investments support their clients' missions.


  4. JPMorgan Chase
    Average Salary: $178,001
    JPMorgan Chase, a leading financial services firm, offers exciting roles for Portfolio Managers. They are active in major financial hubs worldwide. Portfolio Managers here handle large portfolios, focusing on achieving financial goals for clients.


  5. SYNCHRONY FINANCIAL EMPLOYEES HEALTH SERVICES
    Average Salary: $173,382
    SYNCHRONY FINANCIAL EMPLOYEES HEALTH SERVICES provides health benefits to financial industry employees. Portfolio Managers here manage funds to ensure these benefits are sustainable. They operate from key locations in the United States, focusing on long-term financial health.


  6. Webster Bank
    Average Salary: $163,036
    Webster Bank, a prominent regional financial institution, offers roles for Portfolio Managers. They work in several states across the United States. Portfolio Managers here manage investment portfolios, ensuring clients achieve their financial goals.


  7. Goldman Sachs
    Average Salary: $160,000
    Goldman Sachs, a leading global investment banking firm, provides exciting opportunities for Portfolio Managers. They are active in major financial centers worldwide. Portfolio Managers here manage significant investments, working to maximize returns for clients.


  8. Citizens
    Average Salary: $159,940
    Citizens, a financial services company, offers roles for Portfolio Managers in various locations in the United States. They focus on managing portfolios to meet client needs, ensuring sound financial decisions.


  9. Stryker
    Average Salary: $157,325
    Stryker, a leading medical technology company, provides opportunities for Portfolio Managers. They operate in several countries, including the United States and Europe. Portfolio Managers here ensure the company's investments support their medical technology innovations.


  10. Charles Schwab
    Average Salary: $155,895
    Charles Schwab, a leading brokerage firm, offers roles for Portfolio Managers. They operate in major cities across the United States. Portfolio Managers here manage client portfolios, focusing on achieving their financial goals through careful investment strategies.

How to earn more as a Portfolio Manager?

Portfolio Managers play a crucial role in overseeing investments and financial assets. Their job is both demanding and rewarding, offering the potential for significant earnings. To maximize income in this field, professionals can take several steps. Each action they take can lead to increased earning potential.

Here are key strategies to enhance earnings as a Portfolio Manager:

  1. Gain specialized certifications: Certifications like the CFA can enhance skills and credibility, opening doors to higher-paying positions.
  2. Build a strong network: Connections within the industry can lead to better job opportunities and higher salaries.
  3. Focus on performance: Strong performance metrics can lead to bonuses and promotions, which boost earnings.
  4. Stay updated with market trends: Keeping up-to-date with financial trends can improve decision-making and investment strategies, leading to better returns.
  5. Consider alternative roles: Positions like Chief Investment Officer (CIO) or hedge fund manager can offer higher salaries.

Currently 647 Portfolio Manager job openings, nationwide.

How's the job market for a Portfolio Manager in the US?

Learn what a Portfolio Manager does, how to become one, and understand the job outlook. Get simple steps to start your career as a Portfolio Manager today.
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Portfolio Manager
647 Job Openings