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The differences between lead portfolio managers and finance administrators 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 finance administrator. Additionally, a lead portfolio manager has an average salary of $131,603, which is higher than the $55,541 average annual salary of a finance administrator.
The top three skills for a lead portfolio manager include project management, financial models and customer satisfaction. The most important skills for a finance administrator are customer service, financial aid, and powerpoint.
| Lead Portfolio Manager | Finance Administrator | |
| Yearly salary | $131,603 | $55,541 |
| Hourly rate | $63.27 | $26.70 |
| Growth rate | 17% | 17% |
| Number of jobs | 36,712 | 130,256 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 61% |
| 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 finance administrator is responsible for supporting the financial operations of an organization, handling the accuracy of financial transactions, and resolving discrepancies in the company's financial statements. Finance administrators analyze the company's financial performance, including its losses and revenues, writing financial reports, and providing recommendations for cost-reduction processes to minimize financial risks. They also handle the allocation of departmental budgets, assist in tax audits, and process invoices and payroll release. A finance administrator must have excellent analytical skills and an extensive knowledge of the financial industry.
Lead portfolio managers and finance administrators have different pay scales, as shown below.
| Lead Portfolio Manager | Finance Administrator | |
| Average salary | $131,603 | $55,541 |
| Salary range | Between $83,000 And $207,000 | Between $38,000 And $80,000 |
| Highest paying City | San Francisco, CA | Dover, DE |
| Highest paying state | Alaska | Delaware |
| Best paying company | Deutsche Bank | State Street |
| Best paying industry | Pharmaceutical | Manufacturing |
There are a few differences between a lead portfolio manager and a finance administrator in terms of educational background:
| Lead Portfolio Manager | Finance Administrator | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 61% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between lead portfolio managers' and finance administrators' demographics:
| Lead Portfolio Manager | Finance Administrator | |
| Average age | 46 | 46 |
| Gender ratio | Male, 69.0% Female, 31.0% | Male, 29.3% Female, 70.7% |
| 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, 7.7% Unknown, 4.1% Hispanic or Latino, 14.8% Asian, 9.2% White, 63.9% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |