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The differences between portfolio administrators and finance administrators 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 a finance administrator. Additionally, a portfolio administrator has an average salary of $61,414, which is higher than the $55,541 average annual salary of a finance administrator.
The top three skills for a portfolio administrator include booking, securities and CDO. The most important skills for a finance administrator are customer service, financial aid, and powerpoint.
| Portfolio Administrator | Finance Administrator | |
| Yearly salary | $61,414 | $55,541 |
| Hourly rate | $29.53 | $26.70 |
| Growth rate | 17% | 17% |
| Number of jobs | 53,690 | 130,256 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 81% | Bachelor's Degree, 61% |
| 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.
A finance administrator is responsible for supporting the financial operations of an organization, handling the accuracy of financial transactions, and resolving discrepancies in the company's financial statements. Finance administrators analyze the company's financial performance, including its losses and revenues, writing financial reports, and providing recommendations for cost-reduction processes to minimize financial risks. They also handle the allocation of departmental budgets, assist in tax audits, and process invoices and payroll release. A finance administrator must have excellent analytical skills and an extensive knowledge of the financial industry.
Portfolio administrators and finance administrators have different pay scales, as shown below.
| Portfolio Administrator | Finance Administrator | |
| Average salary | $61,414 | $55,541 |
| Salary range | Between $34,000 And $110,000 | Between $38,000 And $80,000 |
| Highest paying City | Old Bridge, NJ | Dover, DE |
| Highest paying state | New Jersey | Delaware |
| Best paying company | Citi | State Street |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a portfolio administrator and a finance administrator in terms of educational background:
| Portfolio Administrator | Finance Administrator | |
| Most common degree | Bachelor's Degree, 81% | Bachelor's Degree, 61% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between portfolio administrators' and finance administrators' demographics:
| Portfolio Administrator | Finance Administrator | |
| Average age | 46 | 46 |
| Gender ratio | Male, 47.9% Female, 52.1% | Male, 29.3% Female, 70.7% |
| 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, 7.7% Unknown, 4.1% Hispanic or Latino, 14.8% Asian, 9.2% White, 63.9% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |