What is a Portfolio Administrator?

A portfolio administrator is a financial analyst that is responsible for managing an organization's investments. Their job mainly revolves around researching and choosing regions, products, and industries for the portfolio and then presenting these investment options to the key stakeholders of the organization.

The job duties of a portfolio administrator typically include monitoring the performance of certain funds, creating projections for the portfolio, generating performance reports for clients, and overseeing communications. They may also be responsible for monitoring market trends, developing investment strategies, determining market risks, and reorganizing portfolios needed.

Anyone who wishes to become a portfolio administrator must have at least a bachelor's degree in business or finance. They may also pursue certifications or credentials to increase their chances of job placement and advancement, although most employers will not require this. Furthermore, they must have substantial experience in a lower-level or similar role to qualify for this position.

The salary of a portfolio administrator ranges from $36,000 to $57,000 per year. This salary depends on their employer, level of experience, and whether or not they have additional credentials.

What Does a Portfolio Administrator Do

There are certain skills that many portfolio administrators have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and detail oriented.

Learn more about what a Portfolio Administrator does

How To Become a Portfolio Administrator

If you're interested in becoming a portfolio administrator, one of the first things to consider is how much education you need. We've determined that 81.2% of portfolio administrators have a bachelor's degree. In terms of higher education levels, we found that 8.3% of portfolio administrators have master's degrees. Even though most portfolio administrators have a college degree, it's possible to become one with only a high school degree or GED.

Learn More About How To Become a Portfolio Administrator
Top Portfolio Administrator Jobs Near You

Portfolio Administrator Career Paths

In addition to switching up your job search, it might prove helpful to look at a career path for your specific job. Now, what's a career path you ask? Well, it's practically a map that shows how you might advance from one job title to another. Our career paths are especially detailed with salary changes. So, for example, if you started out with the role of fund accountant you might progress to a role such as accountant eventually. Later on in your career, you could end up with the title cost accounting manager.

Portfolio Administrator

Average Salary for a Portfolio Administrator

Portfolio Administrators in America make an average salary of $61,414 per year or $30 per hour. The top 10 percent makes over $110,000 per year, while the bottom 10 percent under $34,000 per year.
Average Portfolio Administrator Salary
$61,414 Yearly
$29.53 hourly
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What Am I Worth?

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Roles and Types of Portfolio Administrator

There are several types of portfolio administrator, including:

Administrator

Role:

As administrator, it is your job to support your team. Your goal is that the entire office runs smoothly. So you've got to do the best you can to provide whatever your team needs to be successful. If they need you to get a tattoo to improve their morale, then... We're kidding. Simply put, you'll be responsible for providing office and administrative support. What you get tattooed on your body is business. But the business you work for is counting on your team to get the job done, so you might look forward to duties such as taking phone calls, helping with visitors, creating spreadsheets, and presenting in meetings.

For the most part, you'll only need to work 40 hours each week. Although, some weeks may require a little more time from you. So, you just need to be flexible and roll with the punches. Sure, there's a lot of responsibility resting on your shoulders, but we believe in you.

  • Average Salary: $72,882
  • Degree: Bachelor's Degree

Finance Administrator

Role:

Finance administrators are in charge of the financial aspects of an organization. You will develop the financial plans, prepare financial reports, manage the company's insurance premium, and take part in investment activities.

A finance administrator is responsible for planning the long-term financial goals of an organization and the protection of assets. It is your duty to maintain financial records for tax purposes and invoices. You are also in charge of payroll, budgets, and reimbursement processing. In addition to this, you are to create financial metrics reports on investments and growth rates.

The educational requirement to become a finance administrator is a bachelor's degree in business, finance, or in a similar field. Previous work experience in a finance-related role may be required. You have to be familiar with accounting software and the Microsoft office package. It is also compulsory that you understand good bookkeeping practices. For this role, you need to possess excellent organizational and time management skills. Yearly, a finance administrator earns an average salary of $49,836.

  • Average Salary: $55,541
  • Degree: Bachelor's Degree

States With The Most Portfolio Administrator Jobs

Mouse over a state to see the number of active portfolio administrator jobs in each state. The darker areas on the map show where portfolio administrators earn the highest salaries across all 50 states.

Average Salary: Job Openings:

Number Of Portfolio Administrator Jobs By State

RankStateNumber of JobsAverage Salary
1California2,512$74,979
2Texas1,657$55,215
3Florida1,514$55,460
4New York1,013$87,641
5Illinois1,006$53,925
6Massachusetts906$70,337
7Pennsylvania828$73,468
8Georgia805$54,619
9Colorado781$56,811
10North Carolina760$56,641
11Ohio668$63,629
12Arizona664$57,107
13Washington651$66,028
14Minnesota544$54,329
15Michigan537$73,319
16New Jersey502$92,955
17Indiana440$65,298
18Missouri419$54,365
19Alabama385$59,866
20Oregon369$62,450
21Tennessee365$50,167
22Wisconsin364$65,036
23Utah325$54,664
24South Carolina303$56,792
25Connecticut249$80,177
26Iowa239$51,780
27Kansas238$57,753
28Kentucky237$62,336
29Louisiana176$61,201
30Oklahoma175$60,156
31New Mexico170$59,609
32Nevada158$63,343
33Nebraska154$45,280
34New Hampshire144$70,642
35Mississippi144$53,992
36Idaho140$62,226
37Arkansas139$53,085
38Virginia133$75,960
39Maryland123$68,472
40West Virginia105$67,940
41Alaska99$55,065
42Rhode Island94$78,618
43Delaware90$78,954
44Maine88$74,925
45North Dakota87$52,923
46Hawaii87$45,234
47Montana86$60,471
48Vermont70$71,809
49South Dakota66$58,311
50Wyoming52$46,886

Portfolio Administrator Education

Portfolio Administrator Majors

Business
30.2 %
Finance
21.7 %
Accounting
8.7 %

Portfolio Administrator Degrees

Bachelors

81.2 %

Masters

8.3 %

Associate

7.4 %

Top Colleges for Portfolio Administrators

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition

$55,584

Enrollment

10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition

$54,568

Enrollment

8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition

$56,225

Enrollment

19,548

4. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition

$9,808

Enrollment

13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition

$53,308

Enrollment

6,819

6. San Diego State University

San Diego, CA • Private

In-State Tuition

$7,488

Enrollment

30,018

7. Bentley University

Waltham, MA • Private

In-State Tuition

$49,880

Enrollment

4,177

8. Boston University

Boston, MA • Private

In-State Tuition

$53,948

Enrollment

17,238

9. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition

$9,625

Enrollment

17,407

10. New York University

New York, NY • Private

In-State Tuition

$51,828

Enrollment

26,339

Top Skills For a Portfolio Administrator

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 13.9% of portfolio administrators listed booking on their resume, but soft skills such as analytical skills and communication skills are important as well.

Choose From 10+ Customizable Portfolio Administrator Resume templates

Zippia allows you to choose from different easy-to-use Portfolio Administrator templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Portfolio Administrator resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Portfolio Administrator diversity

Portfolio Administrator Gender Distribution

Female
Female
52%
Male
Male
48%

After extensive research and analysis, Zippia's data science team found that:

  • Among portfolio administrators, 52.1% of them are women, while 47.9% are men.

  • The most common race/ethnicity among portfolio administrators is White, which makes up 63.3% of all portfolio administrators.

  • The most common foreign language among portfolio administrators is Spanish at 34.9%.

Online Courses For Portfolio Administrator That You May Like

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Best States For a Portfolio Administrator

Some places are better than others when it comes to starting a career as a portfolio administrator. The best states for people in this position are New Jersey, New York, Connecticut, and Delaware. Portfolio administrators make the most in New Jersey with an average salary of $92,955. Whereas in New York and Connecticut, they would average $87,641 and $80,177, respectively. While portfolio administrators would only make an average of $78,954 in Delaware, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New York

Total Portfolio Administrator Jobs: 1,013
Highest 10% Earn:
$162,000
Location Quotient:
1.03

$87,641

Avg. Salary

View 1,013 Portfolio Administrator Jobs In NY

2. Rhode Island

Total Portfolio Administrator Jobs: 94
Highest 10% Earn:
$147,000
Location Quotient:
1.01

$78,618

Avg. Salary

View 94 Portfolio Administrator Jobs In RI

3. Connecticut

Total Portfolio Administrator Jobs: 249
Highest 10% Earn:
$150,000
Location Quotient:
0.98

$80,177

Avg. Salary

View 249 Portfolio Administrator Jobs In CT
Full List Of Best States For Portfolio Administrators

How Do Portfolio Administrators Rate Their Jobs?

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Top Portfolio Administrator Employers

Most Common Employers For Portfolio Administrator

RankCompanyAverage SalaryHourly RateJob Openings
1Credit Suisse$125,313$60.2510
2Deutsche Bank$124,354$59.7911
3Neuberger Berman$118,986$57.2014
4BNP Paribas$117,247$56.379
5Goldman Sachs$116,141$55.8413
6State Street$114,268$54.94271
7Invesco$112,652$54.1616
8Citi$107,682$51.779
9Morgan Stanley$107,213$51.5410
10BNY Mellon$105,622$50.7834
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Updated April 6, 2023