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The differences between lead portfolio managers and finance 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 finance manager. Additionally, a lead portfolio manager has an average salary of $131,603, which is higher than the $101,374 average annual salary of a finance manager.
The top three skills for a lead portfolio manager include project management, financial models and customer satisfaction. The most important skills for a finance manager are financial analysis, CPA, and customer service.
| Lead Portfolio Manager | Finance Manager | |
| Yearly salary | $131,603 | $101,374 |
| Hourly rate | $63.27 | $48.74 |
| Growth rate | 17% | 17% |
| Number of jobs | 36,712 | 125,345 |
| Job satisfaction | - | 5 |
| 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.
A finance manager is responsible for monitoring the financial system of a company. Their tasks include handling their organization's financial status, generating cost estimates and budget goals, identifying business opportunities to increase revenues and profitability, improving financial strategies, reducing costs, analyzing account statements, processing invoice as needed, analyzing market trends, searching potential partnerships, and presenting reports. A finance manager must have excellent analytical skills and knowledge of the accounting and financial industry. They are responsible for providing the best recommendations for the organization's growth.
Lead portfolio managers and finance managers have different pay scales, as shown below.
| Lead Portfolio Manager | Finance Manager | |
| Average salary | $131,603 | $101,374 |
| Salary range | Between $83,000 And $207,000 | Between $71,000 And $144,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | Alaska | New York |
| Best paying company | Deutsche Bank | Barclays |
| Best paying industry | Pharmaceutical | Finance |
There are a few differences between a lead portfolio manager and a finance manager in terms of educational background:
| Lead Portfolio Manager | Finance Manager | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between lead portfolio managers' and finance managers' demographics:
| Lead Portfolio Manager | Finance Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 69.0% Female, 31.0% | Male, 60.0% Female, 40.0% |
| 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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |