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The differences between portfolio managers and banking center 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 banking center manager. Additionally, a banking center manager has an average salary of $128,585, which is higher than the $114,671 average annual salary of a portfolio manager.
The top three skills for a portfolio manager include portfolio management, customer service and risk management. The most important skills for a banking center manager are business development, bank products, and bank policies.
| Portfolio Manager | Banking Center Manager | |
| Yearly salary | $114,671 | $128,585 |
| Hourly rate | $55.13 | $61.82 |
| Growth rate | 17% | 17% |
| Number of jobs | 43,192 | 87,078 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 70% |
| 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 banking center manager is responsible for monitoring bank operations, auditing financial transactions, and ensuring that the banking staff provides the highest customer service for their clients. Banking center managers assist the team members in responding to the customers' inquiries and concerns regarding the financial options they offer, opening accounts, selling financial instruments, and resolving transactional complaints. A banking center manager must have excellent communication and analytical skills, especially in developing banking solutions that would increase the bank's reliability to the customers.
Portfolio managers and banking center managers have different pay scales, as shown below.
| Portfolio Manager | Banking Center Manager | |
| Average salary | $114,671 | $128,585 |
| Salary range | Between $66,000 And $198,000 | Between $95,000 And $173,000 |
| Highest paying City | Stamford, CT | - |
| Highest paying state | Connecticut | - |
| Best paying company | The Citadel | - |
| Best paying industry | Finance | - |
There are a few differences between a portfolio manager and a banking center manager in terms of educational background:
| Portfolio Manager | Banking Center Manager | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between portfolio managers' and banking center managers' demographics:
| Portfolio Manager | Banking Center Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 66.6% Female, 33.4% | Male, 47.0% Female, 53.0% |
| 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, 7.7% Unknown, 4.1% Hispanic or Latino, 14.7% Asian, 9.3% White, 63.9% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |