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The differences between portfolio managers and bank 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 manager and a bank manager. Additionally, a portfolio manager has an average salary of $114,671, which is higher than the $96,910 average annual salary of a bank manager.
The top three skills for a portfolio manager include portfolio management, customer service and risk management. The most important skills for a bank manager are bank products, financial services, and business development.
| Portfolio Manager | Bank Manager | |
| Yearly salary | $114,671 | $96,910 |
| Hourly rate | $55.13 | $46.59 |
| Growth rate | 17% | 17% |
| Number of jobs | 43,192 | 66,136 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
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.
A bank manager is responsible for supervising banking operations and monitoring staff performance in providing the best customer service for clients with their banking needs and financial transactions. Bank managers assist the staff with the complexities of processes, train new hires, and strategize the development of services that would contribute to the bank's success. They also conduct fund audits and create accounts receivable reports at the end of the day. A bank manager responds to clients' inquiries and concerns, resolve complaints, and manage account disputes.
Portfolio managers and bank managers have different pay scales, as shown below.
| Portfolio Manager | Bank Manager | |
| Average salary | $114,671 | $96,910 |
| Salary range | Between $66,000 And $198,000 | Between $65,000 And $142,000 |
| Highest paying City | Stamford, CT | San Francisco, CA |
| Highest paying state | Connecticut | California |
| Best paying company | The Citadel | Accenture |
| Best paying industry | Finance | Finance |
There are a few differences between a portfolio manager and a bank manager in terms of educational background:
| Portfolio Manager | Bank Manager | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between portfolio managers' and bank managers' demographics:
| Portfolio Manager | Bank Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 66.6% Female, 33.4% | Male, 48.9% Female, 51.1% |
| Race ratio | 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% | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.7% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |