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The differences between lead portfolio managers and bank 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 a bank manager. Additionally, a lead portfolio manager has an average salary of $131,603, which is higher than the $96,910 average annual salary of a bank manager.
The top three skills for a lead portfolio manager include project management, financial models and customer satisfaction. The most important skills for a bank manager are bank products, financial services, and business development.
| Lead Portfolio Manager | Bank Manager | |
| Yearly salary | $131,603 | $96,910 |
| Hourly rate | $63.27 | $46.59 |
| Growth rate | 17% | 17% |
| Number of jobs | 36,712 | 66,136 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 64% |
| 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.
A bank manager is responsible for supervising banking operations and monitoring staff performance in providing the best customer service for clients with their banking needs and financial transactions. Bank managers assist the staff with the complexities of processes, train new hires, and strategize the development of services that would contribute to the bank's success. They also conduct fund audits and create accounts receivable reports at the end of the day. A bank manager responds to clients' inquiries and concerns, resolve complaints, and manage account disputes.
Lead portfolio managers and bank managers have different pay scales, as shown below.
| Lead Portfolio Manager | Bank Manager | |
| Average salary | $131,603 | $96,910 |
| Salary range | Between $83,000 And $207,000 | Between $65,000 And $142,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Alaska | California |
| Best paying company | Deutsche Bank | Accenture |
| Best paying industry | Pharmaceutical | Finance |
There are a few differences between a lead portfolio manager and a bank manager in terms of educational background:
| Lead Portfolio Manager | Bank Manager | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between lead portfolio managers' and bank managers' demographics:
| Lead Portfolio Manager | Bank Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 69.0% Female, 31.0% | Male, 48.9% Female, 51.1% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.7% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |