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The differences between lead portfolio managers and risk 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 risk manager. Additionally, a lead portfolio manager has an average salary of $131,603, which is higher than the $116,072 average annual salary of a risk manager.
The top three skills for a lead portfolio manager include project management, financial models and customer satisfaction. The most important skills for a risk manager are oversight, risk assessments, and project management.
| Lead Portfolio Manager | Risk Manager | |
| Yearly salary | $131,603 | $116,072 |
| Hourly rate | $63.27 | $55.80 |
| Growth rate | 17% | 17% |
| Number of jobs | 36,712 | 75,795 |
| Job satisfaction | - | - |
| 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 risk manager is responsible for analyzing potential risks that may affect the organization's operations, reputation, and market credibility. Risk managers identify risk controls and discuss business contingency plans for unforeseen circumstances to prevent delays in operational services. They also develop compliance training and programs for all the employees to provide them the awareness of the safety and security regulations within the company premises. A risk manager must have excellent communication and leadership skills, especially on handling and investigating cases that might compromise the business stability and financial status.
Lead portfolio managers and risk managers have different pay scales, as shown below.
| Lead Portfolio Manager | Risk Manager | |
| Average salary | $131,603 | $116,072 |
| Salary range | Between $83,000 And $207,000 | Between $84,000 And $160,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Alaska | California |
| Best paying company | Deutsche Bank | Credit Karma |
| Best paying industry | Pharmaceutical | Technology |
There are a few differences between a lead portfolio manager and a risk manager in terms of educational background:
| Lead Portfolio Manager | Risk 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 risk managers' demographics:
| Lead Portfolio Manager | Risk Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 69.0% Female, 31.0% | Male, 59.3% Female, 40.7% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |