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Lead Portfolio Manager Careers

Lead portfolio managers handle a team of portfolio managers, responsible for overseeing the various task of each team member and providing advice whenever necessary. They may work in different financial services, such as hedge funds, private investment firms, and pension plans, just to name a few.

One of the primary duties of a lead portfolio manager is to create strategies to meet their team's goals. They communicate regularly with their team members to ensure that they are performing according to set standards. On top of that, they may also manage their own clients, as well as communicate with other members of management.

If you are interested in becoming a lead portfolio manager, you would need to have at least a bachelor's or master's degree in finance, business, marketing, or a similar field. And since this is a leadership role, extensive experience as a portfolio manager or supervisor is a common requirement. Time management skills, communication skills, and leadership skills are also paramount for this position.

In the US, the average salary of a lead portfolio manager ranges from $91,000 to $214,000 a year, depending on the industry they work in.

There is more than meets the eye when it comes to being a lead portfolio manager. For example, did you know that they make an average of $62.95 an hour? That's $130,935 a year!

Between 2018 and 2028, the career is expected to grow 16% and produce 104,700 job opportunities across the U.S.

What Does a Lead Portfolio Manager Do

There are certain skills that many lead portfolio managers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed detail oriented, math skills and analytical skills.

When it comes to the most important skills required to be a lead portfolio manager, we found that a lot of resumes listed 17.1% of lead portfolio managers included strategic initiatives, while 15.8% of resumes included project management, and 14.0% of resumes included customer service. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the lead portfolio manager job title. But what industry to start with? Most lead portfolio managers actually find jobs in the finance and technology industries.

How To Become a Lead Portfolio Manager

If you're interested in becoming a lead portfolio manager, one of the first things to consider is how much education you need. We've determined that 56.5% of lead portfolio managers have a bachelor's degree. In terms of higher education levels, we found that 28.8% of lead portfolio managers have master's degrees. Even though most lead portfolio managers have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a lead portfolio manager. When we researched the most common majors for a lead portfolio manager, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on lead portfolio manager resumes include associate degree degrees or diploma degrees.

You may find that experience in other jobs will help you become a lead portfolio manager. In fact, many lead portfolio manager jobs require experience in a role such as project manager. Meanwhile, many lead portfolio managers also have previous career experience in roles such as portfolio manager or senior software engineer.

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Average Salary
$130,935
Average Salary
Job Growth Rate
16%
Job Growth Rate
Job Openings
22,752
Job Openings

Average Salary for a Lead Portfolio Manager

Lead Portfolio Managers in America make an average salary of $130,935 per year or $63 per hour. The top 10 percent makes over $206,000 per year, while the bottom 10 percent under $82,000 per year.
Average Salary
$130,935
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Best Paying Cities

City
ascdesc
Average Salarydesc
New York, NY
Salary Range112k - 215k$156k$155,567
Redwood City, CA
Salary Range100k - 188k$138k$137,594
Wilmington, DE
Salary Range89k - 173k$125k$124,933
Plano, TX
Salary Range84k - 175k$122k$121,899
Chicago, IL
Salary Range84k - 170k$120k$119,765
Atlanta, GA
Salary Range72k - 153k$105k$105,292
$62k
$215k

Recently Added Salaries

Job TitleCompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Portfolio Manager-Lead Level
Portfolio Manager-Lead Level
USAA
USAA
06/28/2021
06/28/2021
$106,80006/28/2021
$106,800
Lead Manager-Portfolio Management
Lead Manager-Portfolio Management
Equitable Financial Life Insurance Company
Equitable Financial Life Insurance Company
01/25/2021
01/25/2021
$135,52001/25/2021
$135,520
Princ. Prjct Lead, Global Portfolio Safety Mngmt
Princ. Prjct Lead, Global Portfolio Safety Mngmt
Incyte Corporation
Incyte Corporation
01/13/2021
01/13/2021
$121,30801/13/2021
$121,308
Global Hematology Portfolio Lead
Global Hematology Portfolio Lead
Astrazeneca Pharmaceuticals LP
Astrazeneca Pharmaceuticals LP
12/14/2020
12/14/2020
$318,00012/14/2020
$318,000
Global Hematology Portfolio Lead
Global Hematology Portfolio Lead
Astrazeneca Pharmaceuticals LP
Astrazeneca Pharmaceuticals LP
12/14/2020
12/14/2020
$318,00012/14/2020
$318,000
See More Recent Salaries

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Lead Portfolio Manager Demographics

Gender

male

63.9 %

female

28.3 %

unknown

7.8 %

Ethnicity

White

67.1 %

Hispanic or Latino

13.8 %

Asian

9.7 %

Foreign Languages Spoken

Spanish

57.1 %

Portuguese

28.6 %

French

14.3 %
See More Demographics

Lead Portfolio Manager Education

Majors

Business
29.0 %
Finance
19.8 %

Degrees

Bachelors

56.5 %

Masters

28.8 %

Certificate

6.5 %

Top Colleges for Lead Portfolio Managers

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

7. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

8. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

9. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

10. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339
See More Education Info

Online Courses For Lead Portfolio Manager That You May Like

Investment Analysis & Portfolio Management - Core Finance
udemy
4.5
(2,057)

Financial Analysis Done Right - Rigorously Analyse Investments & Manage Portfolios using Excel & Google Sheets...

Portfolio and Risk Management
coursera

In this course, you will gain an understanding of the theory underlying optimal portfolio construction, the different ways portfolios are actually built in practice and how to measure and manage the risk of such portfolios. You will start by studying how imperfect correlation between assets leads to diversified and optimal portfolios as well as the consequences in terms of asset pricing. Then, you will learn how to shape an investor's profile and build an adequate portfolio by combining strategi...

Investment and Portfolio Management
coursera

In this four-course Specialization, you'll learn the essential skills of portfolio management and personal investing. All investors - from the largest wealth funds to the smallest individual investors - share common issues in investing: how to meet their liabilities, how to decide where to invest, and how much risk to take on. In this Specialization, you will learn how to think about, discuss, and formulate solutions to these investment questions. You will learn the theory and the real-world ski...

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Full Time
Part Time
Internship
Temporary

Top Skills For a Lead Portfolio Manager

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 17.1% of lead portfolio managers listed strategic initiatives on their resume, but soft skills such as detail oriented and math skills are important as well.

Best States For a Lead Portfolio Manager

Some places are better than others when it comes to starting a career as a lead portfolio manager. The best states for people in this position are New York, New Jersey, Virginia, and Maryland. Lead portfolio managers make the most in New York with an average salary of $144,352. Whereas in New Jersey and Virginia, they would average $126,430 and $125,193, respectively. While lead portfolio managers would only make an average of $124,925 in Maryland, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New York

Total Lead Portfolio Manager Jobs:
874
Highest 10% Earn:
$233,000
Location Quotient:
1.26
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Virginia

Total Lead Portfolio Manager Jobs:
524
Highest 10% Earn:
$211,000
Location Quotient:
1.03
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. District of Columbia

Total Lead Portfolio Manager Jobs:
145
Highest 10% Earn:
$224,000
Location Quotient:
1.6
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Lead Portfolio Manager Employers

1. AXA
4.8
Avg. Salary: 
$143,384
Lead Portfolio Managers Hired: 
5+
2. J. C. Penney
4.5
Avg. Salary: 
$145,070
Lead Portfolio Managers Hired: 
4+
3. Citigroup
4.8
Avg. Salary: 
$155,381
Lead Portfolio Managers Hired: 
3+
4. Putnam Investments
4.4
Avg. Salary: 
$149,749
Lead Portfolio Managers Hired: 
3+
5. Accenture
4.8
Avg. Salary: 
$148,753
Lead Portfolio Managers Hired: 
2+
6. SunTrust Banks
4.9
Avg. Salary: 
$106,538
Lead Portfolio Managers Hired: 
2+
Updated October 2, 2020