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The differences between fixed income portfolio managers and finance managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a fixed income portfolio manager and a finance manager. Additionally, a fixed income portfolio manager has an average salary of $111,730, which is higher than the $101,374 average annual salary of a finance manager.
The top three skills for a fixed income portfolio manager include fixed income, macro and risk management. The most important skills for a finance manager are financial analysis, CPA, and customer service.
| Fixed Income Portfolio Manager | Finance Manager | |
| Yearly salary | $111,730 | $101,374 |
| Hourly rate | $53.72 | $48.74 |
| Growth rate | 17% | 17% |
| Number of jobs | 35,865 | 125,345 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 66% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A fixed income portfolio manager must be able to work closely with their clients to achieve the best cash flows for their best interest. They implement strategies that can help in increasing their client's profits from their fixed-income investments. They also select, monitor, and analyze securities that may help in ensuring benefits for their clients. They also help their client understand the various tax restrictions applicable to every client portfolio so that each goal is achieved.
A finance manager is responsible for monitoring the financial system of a company. Their tasks include handling their organization's financial status, generating cost estimates and budget goals, identifying business opportunities to increase revenues and profitability, improving financial strategies, reducing costs, analyzing account statements, processing invoice as needed, analyzing market trends, searching potential partnerships, and presenting reports. A finance manager must have excellent analytical skills and knowledge of the accounting and financial industry. They are responsible for providing the best recommendations for the organization's growth.
Fixed income portfolio managers and finance managers have different pay scales, as shown below.
| Fixed Income Portfolio Manager | Finance Manager | |
| Average salary | $111,730 | $101,374 |
| Salary range | Between $59,000 And $210,000 | Between $71,000 And $144,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | Alaska | New York |
| Best paying company | MUFG EMEA | Barclays |
| Best paying industry | Health Care | Finance |
There are a few differences between a fixed income portfolio manager and a finance manager in terms of educational background:
| Fixed Income Portfolio Manager | Finance Manager | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 66% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between fixed income portfolio managers' and finance managers' demographics:
| Fixed Income Portfolio Manager | Finance Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 81.7% Female, 18.3% | Male, 60.0% Female, 40.0% |
| Race ratio | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.1% American Indian and Alaska Native, 0.3% | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |