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The differences between portfolio administrators and asset 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 portfolio administrator and an asset manager. Additionally, an asset manager has an average salary of $85,814, which is higher than the $61,414 average annual salary of a portfolio administrator.
The top three skills for a portfolio administrator include booking, securities and CDO. The most important skills for an asset manager are asset management, financial statements, and property management.
| Portfolio Administrator | Asset Manager | |
| Yearly salary | $61,414 | $85,814 |
| Hourly rate | $29.53 | $41.26 |
| Growth rate | 17% | 17% |
| Number of jobs | 53,690 | 64,732 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 81% | Bachelor's Degree, 68% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A Portfolio Administrator oversees financial analysts to put into practice strategies capable of augmenting the organization's portfolio. They research and choose the portfolio's industries, products, and regions and update the stakeholders and management about these investment decisions. Other duties performed by portfolio administrators include writing reports, creating investment strategies, assessing financial information, and monitoring business trends. These professionals also identify market opportunities and risks and reorganize portfolios as required to meet all the financial goals.
An asset manager is responsible for advising clients with their investment preferences and financial goals based on their assets' quantity and value. Asset managers regularly meet with their clients regarding their asset management's progress, recommending more investment options and considering the clients' needs. They manage financial portfolios and prepare stock market reports and forecasts as needed. An asset manager must have a broad knowledge of the financial industry and investment processes, identifying profit opportunities for long-term investment objectives.
Portfolio administrators and asset managers have different pay scales, as shown below.
| Portfolio Administrator | Asset Manager | |
| Average salary | $61,414 | $85,814 |
| Salary range | Between $34,000 And $110,000 | Between $59,000 And $123,000 |
| Highest paying City | Old Bridge, NJ | New York, NY |
| Highest paying state | New Jersey | New York |
| Best paying company | Citi | Deutsche Bank |
| Best paying industry | Finance | Finance |
There are a few differences between a portfolio administrator and an asset manager in terms of educational background:
| Portfolio Administrator | Asset Manager | |
| Most common degree | Bachelor's Degree, 81% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between portfolio administrators' and asset managers' demographics:
| Portfolio Administrator | Asset Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 47.9% Female, 52.1% | Male, 64.3% Female, 35.7% |
| Race ratio | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.2% White, 63.3% American Indian and Alaska Native, 0.3% | Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.9% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |