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The differences between lead portfolio managers and asset 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 lead portfolio manager and an asset manager. Additionally, a lead portfolio manager has an average salary of $131,603, which is higher than the $85,814 average annual salary of an asset manager.
The top three skills for a lead portfolio manager include project management, financial models and customer satisfaction. The most important skills for an asset manager are asset management, financial statements, and property management.
| Lead Portfolio Manager | Asset Manager | |
| Yearly salary | $131,603 | $85,814 |
| Hourly rate | $63.27 | $41.26 |
| Growth rate | 17% | 17% |
| Number of jobs | 36,712 | 64,732 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 68% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A portfolio manager can be called a wealth manager responsible for developing and managing investment allocation for different clients. Their focus is on the critical aspect of investing money. Often, they work with individuals to assess and determine what strategy will be done for investment. They are the one who creates an investment package according to what the clients want. Also, this career provides security and protection for clients to ensure the return of investment.
An asset manager is responsible for advising clients with their investment preferences and financial goals based on their assets' quantity and value. Asset managers regularly meet with their clients regarding their asset management's progress, recommending more investment options and considering the clients' needs. They manage financial portfolios and prepare stock market reports and forecasts as needed. An asset manager must have a broad knowledge of the financial industry and investment processes, identifying profit opportunities for long-term investment objectives.
Lead portfolio managers and asset managers have different pay scales, as shown below.
| Lead Portfolio Manager | Asset Manager | |
| Average salary | $131,603 | $85,814 |
| Salary range | Between $83,000 And $207,000 | Between $59,000 And $123,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | Alaska | New York |
| Best paying company | Deutsche Bank | Deutsche Bank |
| Best paying industry | Pharmaceutical | Finance |
There are a few differences between a lead portfolio manager and an asset manager in terms of educational background:
| Lead Portfolio Manager | Asset Manager | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between lead portfolio managers' and asset managers' demographics:
| Lead Portfolio Manager | Asset Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 69.0% Female, 31.0% | Male, 64.3% Female, 35.7% |
| Race ratio | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.1% White, 63.4% American Indian and Alaska Native, 0.3% | Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.9% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |