1. University of Pennsylvania
Philadelphia, PA • Private
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 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.
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.
What Am I Worth?
There are several types of portfolio administrator, including:
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.
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.
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.
|Rank||State||Number of Jobs||Average Salary|
Philadelphia, PA • Private
Evanston, IL • Private
Los Angeles, CA • Private
Vestal, NY • Private
Villanova, PA • Private
San Diego, CA • Private
Waltham, MA • Private
Boston, MA • Private
Stony Brook, NY • Private
New York, NY • Private
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.
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.
After extensive research and analysis, Zippia's data science team found that:
1. Capstone: Build a Winning Investment Portfolio
Put your investment and portfolio management knowledge to the test through five weeks of hands-on investment experiences: • Developing and managing your own simulated investment portfolio, resulting in a peer-graded report covering portfolio strategy, analysis, and performance • Advising case study clients on a variety of investment topics, essentially acting as an investment advisor in a simulated environment recommending strategies for and changes in portfolios based on challenges and issues...
2. Accounting basics, create financial statements easily
Discover, develop, practice your financial information and explore the world of accounting...
3. Accounting & Financial Statement Analysis: Complete Training
Accounting & Financial Ratio Analysis made easy. Learn important accounting skills that will get your foot in the door!...
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
2. Rhode Island
|Rank||Company||Average Salary||Hourly Rate||Job Openings|