A portfolio manager is the number one person of a company to watch in this economy. Because if you have a portfolio manager who can do an excellent job, then he/she will bring in more investors and your company’s earnings can get better. But if the portfolio manager is not good at his job, then it will surely have an impact on your company. So what exactly is salary for portfolio manager?
The average salary for a portfolio manager is $71,000 per year.
Average salary for portfolio manager
If you are looking to earn a living as portfolio manager, you should improve your skills and experience. The average salary in this field is around $141,900 a year .
The data shows that a portfolio manager at Smith Barney, Dean Witter, Discover & Co. on Wall Street NY would earn an average total pay of $76,000 based on 281 salaries. This company offers financial advice, investment counseling and portfolio management to individuals and businesses. Overall, when looking at all the companies with portfolio manager jobs in our database, the average pay is about $50K per year.
So what can you expect to make as a Portfolio Manager? The average salary for this position is currently $90k, with exceptional earners bringing in $150k or more.
Portfolio managers should have a strong degree in finance, accounting or business administration, along with several years of work experience. They don’t necessarily need specific training for portfolio management, but some companies may prefer hires who have graduated from certificate programs in financial analysis and investor relations. There is also the Chartered Financial Analyst (CFA) designation exam, which while not required by all companies may give you an extra advantage.
As you can see, there is small, but notable difference in the salary that this role attracts. So, I hope this helps to offer you clarity on the cost of living and what you can expect to earn if you choose this career path.
This is a great illustration about the importance of allocating capital wisely. In your life is, ideally, you try to keep your allocation of funds on things (to people, to hobbies) that bring the most value to you. If the returns on some asset isn’t worth the time it takes, cut down or drop it. You don’t want money to be a burden or a stressor in your life. It’s better to have a less diversified portfolio, but one that bring you personal satisfaction than an overly diversified one that causes you worry and stress.
