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The differences between portfolio managers and branch 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 branch manager. Additionally, a portfolio manager has an average salary of $114,671, which is higher than the $56,291 average annual salary of a branch manager.
The top three skills for a portfolio manager include portfolio management, customer service and risk management. The most important skills for a branch manager are customer satisfaction, business development, and branch management.
| Portfolio Manager | Branch Manager | |
| Yearly salary | $114,671 | $56,291 |
| Hourly rate | $55.13 | $27.06 |
| Growth rate | 17% | 17% |
| Number of jobs | 43,192 | 333,883 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 65% |
| 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.
Branch managers oversee the company's field office. This position is usually present in industries such as banking and food service. Branch managers are responsible for all aspects of the branch operations, including, but not limited to, finances, marketing, quality control, and human resources. They ensure that the goals of the branch are met in the most efficient way possible. They balance the needs of both the organization and the employees in the department. Branch managers are also expected to have a hand in training the employees to be useful members of the organization.
Portfolio managers and branch managers have different pay scales, as shown below.
| Portfolio Manager | Branch Manager | |
| Average salary | $114,671 | $56,291 |
| Salary range | Between $66,000 And $198,000 | Between $39,000 And $80,000 |
| Highest paying City | Stamford, CT | Oakland, CA |
| Highest paying state | Connecticut | Alaska |
| Best paying company | The Citadel | FNB |
| Best paying industry | Finance | Professional |
There are a few differences between a portfolio manager and a branch manager in terms of educational background:
| Portfolio Manager | Branch Manager | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between portfolio managers' and branch managers' demographics:
| Portfolio Manager | Branch Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 66.6% Female, 33.4% | Male, 59.8% Female, 40.2% |
| 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, 8.0% Unknown, 4.1% Hispanic or Latino, 15.4% Asian, 7.8% White, 64.3% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |