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The differences between lead portfolio managers and assistant branch 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 assistant branch manager. Additionally, a lead portfolio manager has an average salary of $131,603, which is higher than the $49,913 average annual salary of an assistant branch manager.
The top three skills for a lead portfolio manager include project management, financial models and customer satisfaction. The most important skills for an assistant branch manager are quality customer service, branch management, and excellent organizational.
| Lead Portfolio Manager | Assistant Branch Manager | |
| Yearly salary | $131,603 | $49,913 |
| Hourly rate | $63.27 | $24.00 |
| Growth rate | 17% | 17% |
| Number of jobs | 36,712 | 37,800 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 66% |
| 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 assistant branch manager's primary responsibility is to oversee the daily operations in their designated area, ensuring that everything is running smoothly from the workflow to the workforce. Although the tasks will vary depending on the organization or industry where one is involved, most of it will revolve around evaluating and monitoring employees' progress. Additional duties include responding to calls and inquiries, managing work schedules, and making sure that customers are satisfied with all services and transactions. Moreover, an assistant branch manager must also prioritize meeting the sales targets and staying within the allotted budget and deadlines.
Lead portfolio managers and assistant branch managers have different pay scales, as shown below.
| Lead Portfolio Manager | Assistant Branch Manager | |
| Average salary | $131,603 | $49,913 |
| Salary range | Between $83,000 And $207,000 | Between $35,000 And $70,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Alaska | New Jersey |
| Best paying company | Deutsche Bank | Centennial Bank |
| Best paying industry | Pharmaceutical | Transportation |
There are a few differences between a lead portfolio manager and an assistant branch manager in terms of educational background:
| Lead Portfolio Manager | Assistant Branch Manager | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between lead portfolio managers' and assistant branch managers' demographics:
| Lead Portfolio Manager | Assistant Branch Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 69.0% Female, 31.0% | Male, 45.3% Female, 54.7% |
| 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, 15.1% Asian, 8.4% White, 64.3% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |