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The differences between portfolio administrators and portfolio 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 a portfolio manager. Additionally, a portfolio manager has an average salary of $114,671, 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 a portfolio manager are portfolio management, customer service, and risk management.
| Portfolio Administrator | Portfolio Manager | |
| Yearly salary | $61,414 | $114,671 |
| Hourly rate | $29.53 | $55.13 |
| Growth rate | 17% | 17% |
| Number of jobs | 53,690 | 43,192 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 81% | Bachelor's Degree, 71% |
| 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 portfolio manager is responsible for managing the clients' investment portfolios to advise them of the best investment plans to achieve their financial goals and objectives. Portfolio managers determine the most suitable options by evaluating the clients' credit score and risk potential and the client's financial background. A portfolio manager should be highly knowledgeable and updated with the recent financial industry changes to decide on investment plans with maximum returns.
Portfolio administrators and portfolio managers have different pay scales, as shown below.
| Portfolio Administrator | Portfolio Manager | |
| Average salary | $61,414 | $114,671 |
| Salary range | Between $34,000 And $110,000 | Between $66,000 And $198,000 |
| Highest paying City | Old Bridge, NJ | Stamford, CT |
| Highest paying state | New Jersey | Connecticut |
| Best paying company | Citi | The Citadel |
| Best paying industry | Finance | Finance |
There are a few differences between a portfolio administrator and a portfolio manager in terms of educational background:
| Portfolio Administrator | Portfolio Manager | |
| Most common degree | Bachelor's Degree, 81% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between portfolio administrators' and portfolio managers' demographics:
| Portfolio Administrator | Portfolio Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 47.9% Female, 52.1% | Male, 66.6% Female, 33.4% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |