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What is a fixed income portfolio manager and how to become one
Fixed-income portfolio managers usually work for investment companies and oversee all of their fixed-income investment portfolios. Fixed income investments are investments that provide a steady stream of income, such as government bonds, without the massive profits or massive risks that come with the stock market. Fixed income portfolio managers ensure that all of a company's clients that chose fixed income investments earn money and have their finances secured. Fixed income portfolio managers often supervise individual client portfolio managers. They analyze fixed income markets and create strategies to ensure consistent success for the firm. Fixed income portfolio managers need to be highly skilled in risk management and maintain client relationships.
On average, fixed income portfolio managers earn a whopping $129,076 a year. However, people who want to be fixed-income portfolio managers need to put in a lot of work before getting this desired position (and salary).
Most fixed-income portfolio managers have a bachelor's degree in finance, and some also have a master's degree. Most have several years of experience in fixed income investing as well.
Avg. Salary $111,730
Avg. Salary $59,228
Growth rate 17%
Growth rate 0.3%
American Indian and Alaska Native 0.34%
Asian 10.21%
Black or African American 7.62%
Hispanic or Latino 14.60%
Unknown 4.11%
White 63.12%
Genderfemale 18.32%
male 81.68%
Age - 46American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 46Stress level is very high
7.1 - high
Complexity level is advanced
7 - challenging
Work life balance is fair
6.4 - fair
Fixed income portfolio manager career paths
Key steps to become a fixed income portfolio manager
Explore fixed income portfolio manager education requirements
Start to develop specific fixed income portfolio manager skills
Skills Percentages Fixed Income 18.13% Macro 10.21% Risk Management 8.58% Income Portfolio 7.61% Securities 7.22% Complete relevant fixed income portfolio manager training and internships
Accountants spend an average of 1-3 months on post-employment, on-the-job training. New fixed income portfolio managers learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a fixed income portfolio manager based on U.S. Bureau of Labor Statistics data and data from real fixed income portfolio manager resumes.Research fixed income portfolio manager duties and responsibilities
- Manage governance, engage stakeholders and communicate budget impact to senior management.
- Source bonds from primary/secondary markets, allocate across multiple credit portfolios and oversee trade execution.
- Analyze and provide relative value assessments for industry specific securities and overall market.
- Serve as liaison between product development and clients to improve coverage and accuracy for asset-backed securities
Apply for fixed income portfolio manager jobs
Now it's time to start searching for a fixed income portfolio manager job. Consider the tips below for a successful job search:
- Browse job boards for relevant postings
- Consult your professional network
- Reach out to companies you're interested in working for directly
- Watch out for job scams
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Average fixed income portfolio manager salary
The average fixed income portfolio manager salary in the United States is $111,730 per year or $54 per hour. Fixed income portfolio manager salaries range between $59,000 and $210,000 per year.
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Updated January 8, 2025
