Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between fixed income portfolio managers and portfolio 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 portfolio manager. Additionally, a portfolio manager has an average salary of $114,671, which is higher than the $111,730 average annual salary of a fixed income portfolio manager.
The top three skills for a fixed income portfolio manager include fixed income, macro and risk management. The most important skills for a portfolio manager are portfolio management, customer service, and risk management.
| Fixed Income Portfolio Manager | Portfolio Manager | |
| Yearly salary | $111,730 | $114,671 |
| Hourly rate | $53.72 | $55.13 |
| Growth rate | 17% | 17% |
| Number of jobs | 35,865 | 43,192 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| 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 portfolio manager is responsible for managing the clients' investment portfolios to advise them of the best investment plans to achieve their financial goals and objectives. Portfolio managers determine the most suitable options by evaluating the clients' credit score and risk potential and the client's financial background. A portfolio manager should be highly knowledgeable and updated with the recent financial industry changes to decide on investment plans with maximum returns.
Fixed income portfolio managers and portfolio managers have different pay scales, as shown below.
| Fixed Income Portfolio Manager | Portfolio Manager | |
| Average salary | $111,730 | $114,671 |
| Salary range | Between $59,000 And $210,000 | Between $66,000 And $198,000 |
| Highest paying City | San Francisco, CA | Stamford, CT |
| Highest paying state | Alaska | Connecticut |
| Best paying company | MUFG EMEA | The Citadel |
| Best paying industry | Health Care | Finance |
There are a few differences between a fixed income portfolio manager and a portfolio manager in terms of educational background:
| Fixed Income Portfolio Manager | Portfolio Manager | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between fixed income portfolio managers' and portfolio managers' demographics:
| Fixed Income Portfolio Manager | Portfolio Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 81.7% Female, 18.3% | Male, 66.6% Female, 33.4% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |