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.
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.
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.
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.