Money manager vs portfolio manager

The differences between money 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 money manager and a portfolio manager. Additionally, a portfolio manager has an average salary of $114,671, which is higher than the $73,231 average annual salary of a money manager.

The top three skills for a money manager include BSA, anti-money laundering and bank secrecy act. The most important skills for a portfolio manager are portfolio management, customer service, and risk management.

Money manager vs portfolio manager overview

	Money Manager	Portfolio Manager
Yearly salary	$73,231	$114,671
Hourly rate	$35.21	$55.13
Growth rate	17%	17%
Number of jobs	58,982	43,192
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 71%
Average age	46	46
Years of experience	8	8

Money manager vs portfolio manager salary

Money managers and portfolio managers have different pay scales, as shown below.

	Money Manager	Portfolio Manager
Average salary	$73,231	$114,671
Salary range	Between $47,000 And $112,000	Between $66,000 And $198,000
Highest paying City	-	Stamford, CT
Highest paying state	-	Connecticut
Best paying company	-	The Citadel
Best paying industry	-	Finance

Differences between money manager and portfolio manager education

There are a few differences between a money manager and a portfolio manager in terms of educational background:

	Money Manager	Portfolio Manager
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 71%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Money manager vs portfolio manager demographics

Here are the differences between money managers' and portfolio managers' demographics:

	Money Manager	Portfolio Manager
Average age	46	46
Gender ratio	Male, 43.5% Female, 56.5%	Male, 66.6% Female, 33.4%
Race ratio	Black or African American, 7.4% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 64.0% 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%

Differences between money manager and portfolio manager duties and responsibilities

Money manager example responsibilities.

Decrease manual processing time by successfully managing the implementation of a new software system for the BSA unit.
Assist clients with addressing BSA, AML & OFAC requirements resulting from regulatory actions against the clients.
Process fundamental and technical analysis for strategic trading of equities.
Assist in implementing effective procedures for the ACH department.
Perform daily vault balancing, ATM servicing and transaction approvals.
Review portfolio positioning and investment results with clients, consultants, and prospects.

Portfolio manager example responsibilities.

Manage ongoing existing client needs and assist in credit structuring at loan origination.
Manage over $900M in U.S. Equities and fixed-income; are simultaneously responsible for monitoring over $1.4b in global assets
Manage governance, engage stakeholders and communicate budget impact to senior management.
Conduct post-promotion analysis and manage financial reporting to ensure favorable ROI for clients.
Create PowerPoint presentation books for clients.
Facilitate internal, external, GAAP audits.

Money manager vs portfolio manager skills

Common money manager skills

BSA, 18%
Anti-Money Laundering, 15%
Bank Secrecy Act, 11%
OFAC, 9%
Transaction Monitoring, 8%
Risk Management, 7%

Common portfolio manager skills

Portfolio Management, 10%
Customer Service, 9%
Risk Management, 5%
Project Management, 5%
Financial Statements, 5%
Real Estate, 5%