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The differences between lead portfolio managers and portfolio 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 portfolio manager. Additionally, a lead portfolio manager has an average salary of $131,603, which is higher than the $114,671 average annual salary of a portfolio manager.
The top three skills for a lead portfolio manager include project management, financial models and customer satisfaction. The most important skills for a portfolio manager are portfolio management, customer service, and risk management.
| Lead Portfolio Manager | Portfolio Manager | |
| Yearly salary | $131,603 | $114,671 |
| Hourly rate | $63.27 | $55.13 |
| Growth rate | 17% | 17% |
| Number of jobs | 36,712 | 43,192 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 71% |
| 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 portfolio manager is responsible for managing the clients' investment portfolios to advise them of the best investment plans to achieve their financial goals and objectives. Portfolio managers determine the most suitable options by evaluating the clients' credit score and risk potential and the client's financial background. A portfolio manager should be highly knowledgeable and updated with the recent financial industry changes to decide on investment plans with maximum returns.
Lead portfolio managers and portfolio managers have different pay scales, as shown below.
| Lead Portfolio Manager | Portfolio Manager | |
| Average salary | $131,603 | $114,671 |
| Salary range | Between $83,000 And $207,000 | Between $66,000 And $198,000 |
| Highest paying City | San Francisco, CA | Stamford, CT |
| Highest paying state | Alaska | Connecticut |
| Best paying company | Deutsche Bank | The Citadel |
| Best paying industry | Pharmaceutical | Finance |
There are a few differences between a lead portfolio manager and a portfolio manager in terms of educational background:
| Lead Portfolio Manager | Portfolio Manager | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between lead portfolio managers' and portfolio managers' demographics:
| Lead Portfolio Manager | Portfolio Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 69.0% Female, 31.0% | Male, 66.6% Female, 33.4% |
| 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, 14.4% Asian, 10.1% White, 63.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |