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The differences between fixed income portfolio managers and risk 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 risk manager. Additionally, a risk manager has an average salary of $116,072, 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 risk manager are oversight, risk assessments, and project management.
| Fixed Income Portfolio Manager | Risk Manager | |
| Yearly salary | $111,730 | $116,072 |
| Hourly rate | $53.72 | $55.80 |
| Growth rate | 17% | 17% |
| Number of jobs | 35,865 | 75,795 |
| Job satisfaction | - | - |
| 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 risk manager is responsible for analyzing potential risks that may affect the organization's operations, reputation, and market credibility. Risk managers identify risk controls and discuss business contingency plans for unforeseen circumstances to prevent delays in operational services. They also develop compliance training and programs for all the employees to provide them the awareness of the safety and security regulations within the company premises. A risk manager must have excellent communication and leadership skills, especially on handling and investigating cases that might compromise the business stability and financial status.
Fixed income portfolio managers and risk managers have different pay scales, as shown below.
| Fixed Income Portfolio Manager | Risk Manager | |
| Average salary | $111,730 | $116,072 |
| Salary range | Between $59,000 And $210,000 | Between $84,000 And $160,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Alaska | California |
| Best paying company | MUFG EMEA | Credit Karma |
| Best paying industry | Health Care | Technology |
There are a few differences between a fixed income portfolio manager and a risk manager in terms of educational background:
| Fixed Income Portfolio Manager | Risk 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 risk managers' demographics:
| Fixed Income Portfolio Manager | Risk Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 81.7% Female, 18.3% | Male, 59.3% Female, 40.7% |
| 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, 63.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |