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Working As A Portfolio Manager

  • Interacting With Computers
  • Communicating with Supervisors, Peers, or Subordinates
  • Guiding, Directing, and Motivating Subordinates
  • Coaching and Developing Others
  • Establishing and Maintaining Interpersonal Relationships
  • Deal with People

  • Mostly Sitting

  • Make Decisions

  • $131,000

    Average Salary

What Does A Portfolio Manager Do

Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.

Duties

Financial managers typically do the following:

  • Prepare financial statements, business activity reports, and forecasts
  • Monitor financial details to ensure that legal requirements are met
  • Supervise employees who do financial reporting and budgeting
  • Review company financial reports and seek ways to reduce costs
  • Analyze market trends to maximize profits and find expansion opportunities
  • Help management make financial decisions

The role of the financial manager, particularly in business, is changing in response to technological advances that have substantially reduced the amount of time it takes to produce financial reports. Financial managers’ main responsibility used to be monitoring a company’s finances, but they now do more data analysis and advise senior managers on ways to maximize profits. They often work on teams, acting as business advisors to top executives.

Financial managers also do tasks that are specific to their organization or industry. For example, government financial managers must be experts on government appropriations and budgeting processes, and healthcare financial managers must know about topics in healthcare finance. Moreover, financial managers must be knowledgeable about special tax laws and regulations that affect their industry.

The following are examples of types of financial managers:

Chief financial officers (CFOs) are accountable for the accuracy of a company’s or organization’s financial reporting, especially among publicly traded companies. As head of a company’s entire financial department, they manage the lower level financial managers. They oversee the company’s financial goals, objectives, and budgets.

Controllers direct the preparation of financial reports that summarize and forecast the organization’s financial position, such as income statements, balance sheets, and analyses of future earnings or expenses. Controllers also are in charge of preparing special reports required by governmental agencies that regulate businesses. Often, controllers oversee the accounting, audit, and budget departments of their organization.

Treasurers and finance officers direct their organization’s budgets to meet its financial goals. They oversee the investment of funds and carry out strategies to raise capital (such as issuing stocks or bonds) to support the firm’s expansion. They also develop financial plans for mergers (two companies joining together) and acquisitions (one company buying another).

Credit managers oversee their firm’s credit business. They set credit-rating criteria, determine credit ceilings, and monitor the collections of past-due accounts.

Cash managers monitor and control the flow of cash that comes in and goes out of the company to meet the company’s business and investment needs. For example, they must project cash flow (amounts coming in and going out) to determine whether the company will have a shortage or surplus of cash. 

Risk managers control financial risk by using strategies to limit or offset the probability of a financial loss or a company’s exposure to financial uncertainty. Among the risks they try to limit are those that stem from currency or commodity price changes.

Insurance managers decide how best to limit a company’s losses by obtaining insurance against risks, such as the need to make disability payments for an employee who gets hurt on the job or the costs imposed by a lawsuit against the company.

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How To Become A Portfolio Manager

Financial managers typically have a bachelor’s degree and 5 years or more of experience in another business or financial occupation, such as an accountant, securities sales agent, or financial analyst.

Education

A bachelor's degree in finance, accounting, economics, or business administration is often the minimum education needed for financial managers. However, many employers now seek candidates with a master’s degree, preferably in business administration, finance, or economics. These academic programs help students develop analytical skills and learn financial analysis methods and software.

Licenses, Certifications, and Registrations

Professional certification is not required, but some financial managers still get it to demonstrate a level of competence. The CFA Institute confers the Chartered Financial Analyst (CFA) certification to investment professionals who have at least a bachelor’s degree, 4 years of work experience, and pass three exams. The Association for Financial Professionals confers the Certified Treasury Professional credential to those who pass an exam and have a minimum of 2 years of relevant experience.

Work Experience in a Related Occupation

Financial managers usually have experience in another business or financial occupation. For example, they may have worked as a loan officer, accountant, securities sales agent, or financial analyst. 

In some cases, companies provide formal management training programs to help prepare highly motivated and skilled financial workers to become financial managers.

Important Qualities

Analytical skills. Financial managers increasingly are assisting executives in making decisions that affect their organization, a task which requires analytical ability.

Communication skills. Excellent communication skills are essential because financial managers must explain and justify complex financial transactions.

Detail oriented. In preparing and analyzing reports such as balance sheets and income statements, financial managers must be precise and attentive to their work in order to avoid errors.

Math skills. Financial managers must be skilled in math, including algebra. An understanding of international finance and complex financial documents also is important.

Organizational skills. Financial managers deal with a range of information and documents and so they must stay organized to do their jobs effectively.

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Average Yearly Salary
$131,000
Show Salaries
$79,000
Min 10%
$131,000
Median 50%
$131,000
Median 50%
$131,000
Median 50%
$131,000
Median 50%
$131,000
Median 50%
$131,000
Median 50%
$131,000
Median 50%
$215,000
Max 90%
Best Paying Company
Mayo Clinic
Highest Paying City
New York, NY
Highest Paying State
New York
Avg Experience Level
3.2 years
How much does a Portfolio Manager make at top companies?
The national average salary for a Portfolio Manager in the United States is $131,443 per year or $63 per hour. Those in the bottom 10 percent make under $79,000 a year, and the top 10 percent make over $215,000.

The largest raises come from changing jobs.

See what's out there.

Real Portfolio Manager Salaries

Job Title Company Location Start Date Salary
Portfolio Manager Mousse Partners Limited Feb 05, 2015 $560,000
Portfolio Manager Soros Fund Management, LLC Mar 28, 2016 $500,000
Portfolio Manager Matthews International Capital Management, LLC Apr 06, 2015 $350,000
Portfolio Manager Hildene Capital Management LLC Sep 21, 2016 $300,000
Portfolio Manager Hutchin Hill Capital, LP Jun 01, 2016 $300,000
Portfolio Manager Hildene Capital Management LLC Jan 04, 2016 $300,000
Portfolio Manager Hutchin Hill Capital, LP Jan 06, 2016 $300,000
Portfolio Manager Matthews International Capital Management, LLC Jan 10, 2016 $275,000
Portfolio Manager and Analyst Harding Loevner LP Sep 13, 2015 $275,000
Portfolio Manager Balyasny Asset Management, L.P. Jul 25, 2016 $250,000
Portfolio Manager Matthews International Capital Management, LLC Oct 01, 2015 $250,000
Portfolio Manager Bluecrest Capital Management (New York) LP May 01, 2016 $250,000
Portfolio Manager Arrow Ridge Capital, LLC Jan 08, 2016 $250,000
Assistant Portfolio Manager Zacks Investment Management, Inc. Aug 21, 2016 $175,000
Equity Portfolio Manager Zacks Investment Management Apr 11, 2015 $175,000
Assistant Portfolio Manager Zacks Investment Management, Inc. Apr 20, 2015 $175,000
Assistant Portfolio Manager Zacks Investment Management, Inc. Aug 18, 2015 $175,000
Portfolio Manager Scopia Capital Management LP Dec 01, 2016 $175,000
Portfolio Manager APG Asset Management Us Inc. Feb 16, 2016 $165,000
Assistant Portfolio Manager Euphrates Advisors LLC Apr 03, 2015 $164,674
Portfolio Manager/Quantitative Analyst Allianz Asset Management of America LP Sep 20, 2016 $163,000
Portfolio Manager Spot Trading L.L.C. Aug 06, 2015 $134,160
Manager, Portfolio Management-Financial Services Interactive Communications International, Inc. Oct 01, 2015 $130,650
Intermediate Portfolio Manager State Street Bank and Trust Company Oct 23, 2015 $130,250 -
$140,000
Portfolio Manager Invex, Inc. Apr 22, 2016 $130,000
Portfolio Manager NN Investment Partners North America, LLC Jan 10, 2016 $130,000
Director, Portfolio Manager Natixis North America LLC May 22, 2015 $130,000
Manager, Portfolio Management Novartis Pharmaceuticals Corporation Jul 11, 2016 $129,347

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Top Skills for A Portfolio Manager

  1. Financial Statements
  2. Asset Allocation
  3. Investment Strategies
You can check out examples of real life uses of top skills on resumes here:
  • Maintained and analyzed accurate operating/financial statements.
  • Managed and delivered risk-based, objective-driven investment solutions -- establishing asset allocation guidelines and applying multiple disciplines and diversified portfolio strategies.
  • Design bespoke option overlay strategies for asset managers seeking yield enhancement and/or optimized hedges for their specific portfolio and investment strategies.
  • Assisted the Portfolio Manager with portfolio operations including equity research and valuation, buy/sell recommendations, performance calculation and customer communications.
  • Structured and maintained a process to enable Portfolio Managers to make disciplined portfolio management decisions incorporating both firm and client objectives.

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Average Salary:

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Top 10 Best States for Portfolio Managers

  1. New York
  2. Rhode Island
  3. Connecticut
  4. Delaware
  5. New Hampshire
  6. New Jersey
  7. Minnesota
  8. North Dakota
  9. Washington
  10. Colorado
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  • (332 jobs)

Portfolio Manager Resume Examples And Tips

The average resume reviewer spends between 5 to 7 seconds looking at a single resume, which leaves the average job applier with roughly six seconds to make a killer first impression. Thanks to this, a single typo or error on your resume can disqualify you right out of the gate. At Zippia, we went through over 9,781 Portfolio Manager resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

Learn How To Create A Top Notch Portfolio Manager Resume

View Resume Examples

Portfolio Manager Demographics

Gender

Male

62.4%

Female

32.5%

Unknown

5.1%
Ethnicity

White

59.0%

Hispanic or Latino

14.6%

Black or African American

11.3%

Asian

10.7%

Unknown

4.4%
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Foreign Languages Spoken

Spanish

38.0%

French

12.8%

Chinese

7.8%

Mandarin

7.3%

Portuguese

5.5%

German

5.5%

Russian

3.2%

Italian

3.0%

Japanese

2.7%

Arabic

2.7%

Korean

2.1%

Cantonese

2.1%

Hindi

1.8%

Urdu

1.1%

Vietnamese

0.9%

Dutch

0.7%

Greek

0.7%

Carrier

0.7%

Hebrew

0.7%

Polish

0.7%
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Portfolio Manager Education

Schools

New York University

11.0%

Columbia University

9.0%

University of Pennsylvania

8.8%

University of Chicago

8.1%

University of Texas at Austin

6.0%

University of Houston

5.4%

Babson College

5.1%

DePaul University

4.5%

Pennsylvania State University

4.3%

George Washington University

4.0%

Cornell University

3.6%

University of Virginia

3.6%

George Mason University

3.4%

Harvard University

3.4%

Northeastern University

3.4%

University of Wisconsin Extension

3.2%

University of Tennessee - Knoxville

3.2%

Fordham University

3.2%

University of Southern California

3.2%

University of Denver

3.2%
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Majors

Finance

30.5%

Business

29.3%

Accounting

6.9%

Economics

5.9%

Management

4.4%

Marketing

2.9%

Real Estate

2.7%

Political Science

2.1%

Computer Science

1.8%

Project Management

1.7%

Communication

1.6%

Psychology

1.5%

Law

1.5%

Education

1.2%

Criminal Justice

1.1%

Mathematics

1.1%

Business Economics

1.0%

International Business

0.9%

Legal Research And Advanced Professional Studies

0.9%

Electrical Engineering

0.9%
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Degrees

Bachelors

46.8%

Masters

36.1%

Associate

4.8%

Certificate

4.0%

High School Diploma

3.3%

Doctorate

2.9%

Diploma

1.2%

License

0.8%
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Updated May 18, 2020