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The differences between lead portfolio managers and reporting 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 reporting manager. Additionally, a lead portfolio manager has an average salary of $131,603, which is higher than the $106,336 average annual salary of a reporting manager.
The top three skills for a lead portfolio manager include project management, financial models and customer satisfaction. The most important skills for a reporting manager are GAAP, internal controls, and external auditors.
| Lead Portfolio Manager | Reporting Manager | |
| Yearly salary | $131,603 | $106,336 |
| Hourly rate | $63.27 | $51.12 |
| Growth rate | 17% | 17% |
| Number of jobs | 36,712 | 67,631 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 74% |
| 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.
The duties of a reporting manager depend on one's line of work or industry of employment. Typically, they perform clerical tasks such as producing progress reports and presentations, maintaining accurate records and documentation, updating databases, managing schedules, and performing regular inspections and site visits. There are also instances where one must respond to inquiries and concerns, report to supervisors, and coordinate with other department personnel. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.
Lead portfolio managers and reporting managers have different pay scales, as shown below.
| Lead Portfolio Manager | Reporting Manager | |
| Average salary | $131,603 | $106,336 |
| Salary range | Between $83,000 And $207,000 | Between $80,000 And $139,000 |
| Highest paying City | San Francisco, CA | Richmond, CA |
| Highest paying state | Alaska | Washington |
| Best paying company | Deutsche Bank | Meta |
| Best paying industry | Pharmaceutical | Manufacturing |
There are a few differences between a lead portfolio manager and a reporting manager in terms of educational background:
| Lead Portfolio Manager | Reporting Manager | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 74% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between lead portfolio managers' and reporting managers' demographics:
| Lead Portfolio Manager | Reporting Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 69.0% Female, 31.0% | Male, 59.6% Female, 40.4% |
| 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, 7.6% 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% |