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The differences between fixed income portfolio managers and finance planning 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 planning manager. Additionally, a fixed income portfolio manager has an average salary of $111,730, which is higher than the $109,162 average annual salary of a finance planning 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 planning manager are financial analysis, financial planning analysis, and financial models.
| Fixed Income Portfolio Manager | Finance Planning Manager | |
| Yearly salary | $111,730 | $109,162 |
| Hourly rate | $53.72 | $52.48 |
| Growth rate | 17% | 17% |
| Number of jobs | 35,865 | 120,588 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 73% |
| 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 planning manager oversees the budget and finance development processes within a company. Their responsibilities revolve around analyzing financial records, participating in auditing processes, producing reports and forecasts, and coordinating with different company personnel to obtain accurate data. A finance planning manager must also utilize fiscal tools, devise new business strategies and opportunities, and keep abreast of all the company's upcoming projects. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.
Fixed income portfolio managers and finance planning managers have different pay scales, as shown below.
| Fixed Income Portfolio Manager | Finance Planning Manager | |
| Average salary | $111,730 | $109,162 |
| Salary range | Between $59,000 And $210,000 | Between $78,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Alaska | Delaware |
| Best paying company | MUFG EMEA | Metropolitan Water District of Southern California |
| Best paying industry | Health Care | Manufacturing |
There are a few differences between a fixed income portfolio manager and a finance planning manager in terms of educational background:
| Fixed Income Portfolio Manager | Finance Planning Manager | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 73% |
| Most common major | Finance | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between fixed income portfolio managers' and finance planning managers' demographics:
| Fixed Income Portfolio Manager | Finance Planning Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 81.7% Female, 18.3% | Male, 69.8% Female, 30.2% |
| 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, 7.4% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |