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This question is about what a portfolio manager does, portfolio manager, and portfolio manager salaries.
Are portfolio managers rich?
No, portfolio managers are not rich. The average portfolio manager makes around $148,000 a year ($71.51 an hour). While this is good money, it's not typically considered rich.
The range in how much a portfolio manager makes is between $82,000 to $266,000 a year. Factors such as years of experience, location, and industry impact how much a portfolio manager can make.
Year's Experience and Annual Salaries of a Portfolio Manager:
1 to 4 years' experience can earn yearly salaries of between $45,827 and $71,464.
5 to 9 years' experience can earn annual salaries between $64,105 and $100,965.
10 to 19 years working as a portfolio manager can expect an annual salary of between $81,776 and $132,494.
20 years or more experience, you can expect an annual salary between $82,379 and $135,873.
Highest-Paying States for Portfolio Managers:
New York averages $152,181 a year ($73.16 an hour)
Connecticut averages $140,792 a year ($67.69 an hour)
Delaware averages $138,809 a year ($66.74 an hour)
New Jersey averages $130,918 a year ($62.94 an hour)
District of Columbia averages $128,983 a year ($62.01 an hour)
Portfolio Manager Salary by Industry:
Retail averages $190,835 a year
Insurance averages $190,446 a year
Finance averages $159,301 a year
Real Estate averages $146,043 a year
Technology averages $144,297 a year
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