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.
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.
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.