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Job outlook for portfolio managers in the United States
Portfolio manager job growth summary. After extensive research, interviews, and analysis, Zippia's data science team found that:
The projected portfolio manager job growth rate is 17% from 2018-2028.
About 123,100 new jobs for portfolio managers are projected over the next decade.
Portfolio manager salaries have increased 10% for portfolio managers in the last 5 years.
There are over 16,071 portfolio managers currently employed in the United States.
There are 43,192 active portfolio manager job openings in the US.
The average portfolio manager salary is $114,671.
Are portfolio manager jobs in demand?
Yes, portfolio manager jobs are in demand. Portfolio manager demand is projected to grow 17% from 2018 to 2028.
Portfolio manager job and salary trends over time
Compare the number of portfolio manager jobs and the average portfolio manager salary over time.
Portfolio manager jobs over time
Portfolio manager job growth rate over time
| Year | # of jobs | % of population |
|---|---|---|
| 2021 | 16,071 | 0.00% |
| 2020 | 15,410 | 0.00% |
| 2019 | 15,451 | 0.00% |
| 2018 | 14,349 | 0.00% |
| 2017 | 13,435 | 0.00% |
Average portfolio manager salary over time
Portfolio manager salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $114,671 | $55.13 | +3.3% |
| 2024 | $111,005 | $53.37 | +1.5% |
| 2023 | $109,381 | $52.59 | +2.3% |
| 2022 | $106,894 | $51.39 | +2.7% |
| 2021 | $104,048 | $50.02 | +3.2% |
Portfolio manager jobs by state
The map below shows you the number of portfolio manager job openings in each state. The darker areas on the map show where portfolio managers earn the highest salaries across all 50 states.
Average salary: Job openings:
Most common states for portfolio managers
| Rank | State | Population | # of jobs | Employment/ 1000ppl |
|---|---|---|---|---|
| 1 | District of Columbia | 693,972 | 177 | 26% |
| 2 | Massachusetts | 6,859,819 | 532 | 8% |
| 3 | Illinois | 12,802,023 | 846 | 7% |
| 4 | Delaware | 961,939 | 69 | 7% |
| 5 | California | 39,536,653 | 2,249 | 6% |
| 6 | Virginia | 8,470,020 | 544 | 6% |
| 7 | Washington | 7,405,743 | 476 | 6% |
| 8 | Arizona | 7,016,270 | 390 | 6% |
| 9 | Maryland | 6,052,177 | 379 | 6% |
| 10 | Colorado | 5,607,154 | 357 | 6% |
| 11 | Minnesota | 5,576,606 | 352 | 6% |
| 12 | Connecticut | 3,588,184 | 216 | 6% |
| 13 | New York | 19,849,399 | 1,029 | 5% |
| 14 | Georgia | 10,429,379 | 521 | 5% |
| 15 | North Carolina | 10,273,419 | 518 | 5% |
| 16 | New Jersey | 9,005,644 | 426 | 5% |
| 17 | Missouri | 6,113,532 | 288 | 5% |
| 18 | Oregon | 4,142,776 | 198 | 5% |
| 19 | Iowa | 3,145,711 | 156 | 5% |
| 20 | Montana | 1,050,493 | 49 | 5% |
Most common cities for portfolio managers
| Rank | City | # of jobs | Employment/ 1000ppl | Avg. salary |
|---|---|---|---|---|
| 1 | Annapolis | 7 | 18% | $109,316 |
| 2 | Atlanta | 23 | 5% | $94,137 |
| 3 | Boston | 24 | 4% | $124,463 |
| 4 | Hartford | 5 | 4% | $142,835 |
| 5 | Lansing | 5 | 4% | $103,022 |
| 6 | Springfield | 5 | 4% | $101,200 |
| 7 | Stamford | 5 | 4% | $141,864 |
| 8 | Tampa | 12 | 3% | $92,498 |
| 9 | Des Moines | 5 | 2% | $84,248 |
| 10 | Chicago | 18 | 1% | $107,498 |
| 11 | Phoenix | 12 | 1% | $107,461 |
| 12 | San Francisco | 10 | 1% | $124,700 |
| 13 | Indianapolis | 9 | 1% | $90,478 |
| 14 | Washington | 7 | 1% | $120,629 |
| 15 | Denver | 6 | 1% | $79,475 |
| 16 | Sacramento | 6 | 1% | $122,872 |
| 17 | Minneapolis | 5 | 1% | $90,721 |
| 18 | New York | 14 | 0% | $141,272 |
| 19 | Los Angeles | 11 | 0% | $120,262 |
| 20 | San Diego | 6 | 0% | $119,470 |