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The differences between portfolio managers and finance 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 finance manager. Additionally, a portfolio manager has an average salary of $114,671, which is higher than the $101,374 average annual salary of a finance manager.
The top three skills for a portfolio manager include portfolio management, customer service and risk management. The most important skills for a finance manager are financial analysis, CPA, and customer service.
| Portfolio Manager | Finance Manager | |
| Yearly salary | $114,671 | $101,374 |
| Hourly rate | $55.13 | $48.74 |
| Growth rate | 17% | 17% |
| Number of jobs | 43,192 | 125,345 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 66% |
| 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 finance manager is responsible for monitoring the financial system of a company. Their tasks include handling their organization's financial status, generating cost estimates and budget goals, identifying business opportunities to increase revenues and profitability, improving financial strategies, reducing costs, analyzing account statements, processing invoice as needed, analyzing market trends, searching potential partnerships, and presenting reports. A finance manager must have excellent analytical skills and knowledge of the accounting and financial industry. They are responsible for providing the best recommendations for the organization's growth.
Portfolio managers and finance managers have different pay scales, as shown below.
| Portfolio Manager | Finance Manager | |
| Average salary | $114,671 | $101,374 |
| Salary range | Between $66,000 And $198,000 | Between $71,000 And $144,000 |
| Highest paying City | Stamford, CT | New York, NY |
| Highest paying state | Connecticut | New York |
| Best paying company | The Citadel | Barclays |
| Best paying industry | Finance | Finance |
There are a few differences between a portfolio manager and a finance manager in terms of educational background:
| Portfolio Manager | Finance Manager | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between portfolio managers' and finance managers' demographics:
| Portfolio Manager | Finance Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 66.6% Female, 33.4% | Male, 60.0% Female, 40.0% |
| 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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |