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.
How to Become a Portfolio Administrator
What is a Portfolio Administrator
There is more than meets the eye when it comes to being a Portfolio Administrator. For example, did you know that they make an average of $29.05 an hour? That's $60,429 a year!
Between 2018 and 2028, the career is expected to grow 16% and produce 104,700 job opportunities across the U.S.
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.
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.
Choosing the right major is always an important step when researching how to become a Portfolio Administrator. When we researched the most common majors for a Portfolio Administrator, we found that they most commonly earn Bachelor's Degree degrees or Master's Degree degrees. Other degrees that we often see on Portfolio Administrator resumes include Associate Degree degrees or High School Diploma degrees.
You may find that experience in other jobs will help you become a Portfolio Administrator. In fact, many Portfolio Administrator jobs require experience in a role such as Internship. Meanwhile, many Portfolio Administrators also have previous career experience in roles such as Administrative Assistant or Customer Service Representative.
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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 Jobs You Might Like
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Average Salary for a Portfolio Administrator
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Find the best Portfolio Administrator job for you
Portfolio Administrator Jobs You Might Like
- High Paying Portfolio Administrator Jobs - $95K and Up
- Work From Home Portfolio Administrator Jobs
- Entry Level Portfolio Administrator Jobs
- Part Time Portfolio Administrator Jobs
- Actively Hiring
- No Degree Portfolio Administrator Jobs
Top Colleges for Portfolio Administrators
1. University of Pennsylvania
Philadelphia, PA • Private
2. Northwestern University
Evanston, IL • Private
3. University of Southern California
Los Angeles, CA • Private
4. SUNY at Binghamton
Vestal, NY • Private
5. Villanova University
Villanova, PA • Private
6. San Diego State University
San Diego, CA • Private
7. Bentley University
Waltham, MA • Private
8. Boston University
Boston, MA • Private
9. SUNY Stony Brook
Stony Brook, NY • Private
10. New York University
New York, NY • Private
Find the best Portfolio Administrator job for you
Portfolio Administrator Jobs You Might Like
- High Paying Portfolio Administrator Jobs - $95K and Up
- Work From Home Portfolio Administrator Jobs
- Entry Level Portfolio Administrator Jobs
- Part Time Portfolio Administrator Jobs
- Actively Hiring
- No Degree Portfolio Administrator Jobs
Online Courses For Portfolio Administrator That You May Like
Accounting & Financial Ratio Analysis made easy. Learn important accounting skills that will get your foot in the door!...
Equity Portfolio Management is a comprehensive survey of the key drivers and features of managing a portfolio of equities. This thorough and interactive online course offers students like you a detailed grounding in the full range of equity product categories and portfolio management techniques. You will leave this online class with a clear understanding of key products and investment management strategies used by portfolio managers, enhancing the opportunity for success in this increasingly...
Financial Analysis Done Right - Rigorously Analyse Investments & Manage Portfolios using Excel & Google Sheets...
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, 13.7% of Portfolio Administrators listed Private Equity on their resume, but soft skills such as Analytical skills and Communication skills are important as well.
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 Michigan. Portfolio Administrators make the most in New Jersey with an average salary of $98,208. Whereas in New York and Connecticut, they would average $91,551 and $88,896, respectively. While Portfolio Administrators would only make an average of $84,569 in Michigan, 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
$91,551
Avg. Salary
2. Connecticut
$88,896
Avg. Salary
3. Michigan
$84,569
Avg. Salary
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