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The differences between portfolio managers and reporting 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 reporting manager. Additionally, a portfolio manager has an average salary of $114,671, which is higher than the $106,336 average annual salary of a reporting manager.
The top three skills for a portfolio manager include portfolio management, customer service and risk management. The most important skills for a reporting manager are GAAP, internal controls, and external auditors.
| Portfolio Manager | Reporting Manager | |
| Yearly salary | $114,671 | $106,336 |
| Hourly rate | $55.13 | $51.12 |
| Growth rate | 17% | 17% |
| Number of jobs | 43,192 | 67,631 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 74% |
| 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.
The duties of a reporting manager depend on one's line of work or industry of employment. Typically, they perform clerical tasks such as producing progress reports and presentations, maintaining accurate records and documentation, updating databases, managing schedules, and performing regular inspections and site visits. There are also instances where one must respond to inquiries and concerns, report to supervisors, and coordinate with other department personnel. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.
Portfolio managers and reporting managers have different pay scales, as shown below.
| Portfolio Manager | Reporting Manager | |
| Average salary | $114,671 | $106,336 |
| Salary range | Between $66,000 And $198,000 | Between $80,000 And $139,000 |
| Highest paying City | Stamford, CT | Richmond, CA |
| Highest paying state | Connecticut | Washington |
| Best paying company | The Citadel | Meta |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a portfolio manager and a reporting manager in terms of educational background:
| Portfolio Manager | Reporting Manager | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 74% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between portfolio managers' and reporting managers' demographics:
| Portfolio Manager | Reporting Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 66.6% Female, 33.4% | Male, 59.6% Female, 40.4% |
| 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% |