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.

Portfolio Manager Responsibilities

Here are examples of responsibilities from real portfolio manager resumes representing typical tasks they are likely to perform in their roles.

  • Manage portfolios for 270+ clients in Texas, Oklahoma and Missouri (AUM $310MM).
  • Lead multiple project teams: business analysts, project managers, architects, development/QA teams and SMEs.
  • Manage daily fund flows utilizing equity futures and currency forwards to maintain proper levels of market and FX exposure.
  • Manage a broad portfolio of ETF and equity option positions in an off floor trading book for a proprietary trading firm.
  • Manage governance, engage stakeholders and communicate budget impact to senior management.
  • Manage an emerging markets portfolio using long/short fix income cash and derivatives securities--liquid investment grade to distress instruments.
  • Conduct fundamental analysis of equities, fix income, hedge funds and private equity investments and determine suitability for client portfolios.
  • Create PowerPoint presentation books for clients.
  • Define operating model/roles for BPM teams.
  • Facilitate internal, external, GAAP audits.
Portfolio Manager Traits
Organizational skills are essential to working as efficiently as possible through being able to focus on projects at hand while also keeping a clean workspace.
Analytical skills have to do with gathering information from various sources and then interpreting the data in order to reach a logical conclusion that benefits the business.
Communication skills shows that you are able to relay your thoughts, opinions and ideas clearly to those around you.

Portfolio Manager Job Description

Between the years 2018 and 2028, portfolio manager jobs are expected to undergo a growth rate described as "much faster than average" at 16%, according to the Bureau of Labor Statistics. So if the thought "should I become a portfolio manager?" Has crossed your mind, maybe you should take the growth rate into account. In addition, the number of portfolio manager opportunities that are projected to become available by 2028 is 104,700.

Portfolio managers average about $71.51 an hour, which makes the portfolio manager annual salary $148,740. Additionally, portfolio managers are known to earn anywhere from $82,000 to $266,000 a year. This means that the top-earning portfolio managers make $184,000 more than the lowest earning ones.

Once you've become a portfolio manager, you may be curious about what other opportunities are out there. Careers aren't one size fits all. For that reason, we discovered some other jobs that you may find appealing. Some jobs you might find interesting include a manager, assistant vice president, assistant branch manager, banking center manager, and accounts payable manager.

Portfolio Manager Jobs You Might Like

Portfolio Manager Resume Examples

Portfolio Manager Skills and Personality Traits

We calculated that 11% of Portfolio Managers are proficient in Portfolio, Customer Service, and Financial Statements. They’re also known for soft skills such as Organizational skills, Analytical skills, and Communication skills.

We break down the percentage of Portfolio Managers that have these skills listed on their resume here:

  • Portfolio, 11%

    Assisted the Portfolio Manager with portfolio operations including equity research and valuation, buy/sell recommendations, performance calculation and customer communications.

  • Customer Service, 10%

    Demonstrated mastery of customer service call script within specified time Developed effective relationships with all call center departments through clear communication.

  • Financial Statements, 9%

    Maintained and analyzed accurate operating/financial statements.

  • Project Management, 5%

    Dedicated, results focused project management professional with 18 years of experience driving implementation of key technology programs and strategic initiatives.

  • Risk Management, 5%

    Performed detailed due diligence on managers and carried out statistical analysis on portfolio construction, risk management and hedge overlay enhancements.

  • Real Estate, 4%

    Analyze and underwrite proper documentation while managing extremely complicated credit decisions for mortgage and real estate investors on a daily basis.

Some of the skills we found on portfolio manager resumes included "portfolio," "customer service," and "financial statements." We have detailed the most important portfolio manager responsibilities below.

  • Organizational skills can be considered to be the most important personality trait for a portfolio manager to have. According to a portfolio manager resume, "because financial managers deal with a range of information and documents, they must stay organized to do their jobs effectively." Portfolio managers are able to use organizational skills in the following example we gathered from a resume: "reviewed organizational policies, procedures and applicable documentation to ensure compliance with federal it policies, procedures, and best practices. "
  • Another commonly found skill for being able to perform portfolio manager duties is the following: analytical skills. According to a portfolio manager resume, "financial managers increasingly are assisting executives in making decisions that affect their organization, a task that requires analytical ability." Check out this example of how portfolio managers use analytical skills: "analyzed risk and negotiate structured and asset management transactions to mitigate credit exposure for new and existing counterparts. "
  • Communication skills is also an important skill for portfolio managers to have. This example of how portfolio managers use this skill comes from a portfolio manager resume, "excellent communication skills are essential because financial managers must explain and justify complex financial transactions." Read this excerpt from a resume to understand how vital it is to their everyday roles and responsibilities, "ensured effective communications and alignment among the key stakeholder groups: finance, accounting, operations and asset management. "
  • In order for certain portfolio manager responsibilities to be completed, the job requires the skill "detail oriented." According to a portfolio manager resume, "in preparing and analyzing reports such as balance sheets and income statements, financial managers must be precise and attentive to their work in order to avoid errors." As an example, this snippet was taken directly from a resume about how this skill applies: "performed detailed due diligence on new properties and prepared detailed reports for senior management to use in the decision-making process. "
  • Yet another important skill that a portfolio manager must demonstrate is "math skills." Financial managers must be skilled in math, including algebra This is clearly demonstrated in this example from a portfolio manager who stated: "gained valuable exposure and experience in asset management working in a highly diverse, high pressure, highly quantitative environment. "
  • See the full list of portfolio manager skills.

    After discovering the most helpful skills, we moved onto what kind of education might be helpful in becoming a portfolio manager. We found that 70.5% of portfolio managers have graduated with a bachelor's degree and 18.5% of people in this position have earned their master's degrees. While most portfolio managers have a college degree, you may find it's also true that generally it's impossible to be successful in this career with only a high school degree. In fact, our research shows that one out of every nine portfolio managers were not college graduates.

    Those portfolio managers who do attend college, typically earn either a business degree or a finance degree. Less commonly earned degrees for portfolio managers include a economics degree or a accounting degree.

    When you're ready to become a portfolio manager, you might wonder which companies hire portfolio managers. According to our research through portfolio manager resumes, portfolio managers are mostly hired by Micro Focus, Wells Fargo, and U.S. Bank. Now is a good time to apply as Micro Focus has 96 portfolio managers job openings, and there are 26 at Wells Fargo and 24 at U.S. Bank.

    If you're interested in companies where portfolio managers make the most money, you'll want to apply for positions at IVY, New Holland North America, and Greenwood Resources. We found that at IVY, the average portfolio manager salary is $255,612. Whereas at New Holland North America, portfolio managers earn roughly $250,028. And at Greenwood Resources, they make an average salary of $241,785.

    View more details on portfolio manager salaries across the United States.

    We also looked into companies who hire portfolio managers from the top 100 educational institutions in the U.S. The top three companies that hire the most from these institutions include Bank of America, Wells Fargo, and JPMorgan Chase.

    The industries that portfolio managers fulfill the most roles in are the finance and technology industries. But the highest portfolio manager annual salary is in the retail industry, averaging $190,835. In the insurance industry they make $190,446 and average about $159,301 in the finance industry. In conclusion, portfolio managers who work in the retail industry earn a 32.3% higher salary than portfolio managers in the technology industry.

    The three companies that hire the most prestigious portfolio managers are:

      What Manager, Assistant Vice Presidents Do

      A manager/assistant vice president is responsible for monitoring corporate projects and investment opportunities under the guidance of the vice president. Manager/assistant vice presidents meet with clients, provide project updates, and assist with any project adjustments as client requests. They identify business opportunities, develop strategic plans, and improve the organization's services to boost client satisfaction, generate more revenues, and achieve profitability goals. A manager/assistant vice president helps to maintain the company's good reputation by handling customers, resolving complaints, and evaluating staff performance.

      We looked at the average portfolio manager annual salary and compared it with the average of a manager, assistant vice president. Generally speaking, managers, assistant vice president receive $38,091 lower pay than portfolio managers per year.

      While their salaries may differ, one common ground between portfolio managers and managers, assistant vice president are a few of the skills required in each craft. In both careers, employees bring forth skills like customer service, financial statements, and project management.

      These skill sets are where the common ground ends though. A portfolio manager responsibility is more likely to require skills like "portfolio," "oversight," "income," and "credit risk." Whereas a manager, assistant vice president requires skills like "procedures," "regulatory agencies," "business partners," and "avp." Just by understanding these different skills you can see how different these careers are.

      Managers, assistant vice president receive the highest salaries in the insurance industry coming in with an average yearly salary of $117,425. But portfolio managers are paid more in the retail industry with an average salary of $190,835.

      On average, managers, assistant vice president reach lower levels of education than portfolio managers. Managers, assistant vice president are 12.1% less likely to earn a Master's Degree and 1.5% less likely to graduate with a Doctoral Degree.

      What Are The Duties Of an Assistant Branch Manager?

      An assistant branch manager's primary responsibility is to oversee the daily operations in their designated area, ensuring that everything is running smoothly from the workflow to the workforce. Although the tasks will vary depending on the organization or industry where one is involved, most of it will revolve around evaluating and monitoring employees' progress. Additional duties include responding to calls and inquiries, managing work schedules, and making sure that customers are satisfied with all services and transactions. Moreover, an assistant branch manager must also prioritize meeting the sales targets and staying within the allotted budget and deadlines.

      Now we're going to look at the assistant branch manager profession. On average, assistant branch managers earn a $98,559 lower salary than portfolio managers a year.

      A similarity between the two careers of portfolio managers and assistant branch managers are a few of the skills associated with both roles. We used resumes from both professions to find that both use skills like "customer service," "financial statements," and "ensure compliance. "

      While some skills are similar in these professions, other skills aren't so similar. For example, several resumes showed us that portfolio manager responsibilities requires skills like "portfolio," "project management," "risk management," and "real estate." But an assistant branch manager might use skills, such as, "bank products," "loan applications," "company policies," and "financial services."

      Assistant branch managers may earn a lower salary than portfolio managers, but assistant branch managers earn the most pay in the finance industry with an average salary of $50,546. On the other side of things, portfolio managers receive higher paychecks in the retail industry where they earn an average of $190,835.

      When it comes to the differences in education between the two professions, assistant branch managers tend to reach lower levels of education than portfolio managers. In fact, they're 23.2% less likely to graduate with a Master's Degree and 1.5% less likely to earn a Doctoral Degree.

      How a Banking Center Manager Compares

      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.

      The third profession we take a look at is banking center manager. On an average scale, these workers bring in lower salaries than portfolio managers. In fact, they make a $22,088 lower salary per year.

      While looking through the resumes of several portfolio managers and banking center managers we discovered that both professions have similar skills. These similarities include skills such as "customer service," "real estate," and "ensure compliance," but they differ when it comes to other required skills.

      There are many key differences between these two careers as shown by resumes from each profession. Some of those differences include the skills required to complete responsibilities within each role. As an example of this, a portfolio manager is likely to be skilled in "portfolio," "financial statements," "project management," and "risk management," while a typical banking center manager is skilled in "sales goals," "bank products," "business partners," and "customer relationships."

      Banking center managers typically study at lower levels compared with portfolio managers. For example, they're 16.6% less likely to graduate with a Master's Degree, and 1.9% less likely to earn a Doctoral Degree.

      Description Of an Accounts Payable Manager

      An accounts payable manager is in charge of supervising a company's financial activities, particularly in all payable matters. Their primary responsibilities revolve around managing and assessing staff performances and overseeing check and payroll disbursements. They also take care of maintaining and securing records of employees, clients, and company finances, and implement company objectives while ensuring accuracy in all operations. Furthermore, as a manager, it is essential to uphold all company policies and regulations, all while leading and encouraging staff in a joint effort to accomplish goals and tasks.

      The fourth career we look at typically earns lower pay than portfolio managers. On average, accounts payable managers earn a difference of $80,583 lower per year.

      According to resumes from both portfolio managers and accounts payable managers, some of the skills necessary to complete the responsibilities of each role are similar. These skills include "customer service," "financial statements," and "direct reports. "

      Each job requires different skills like "portfolio," "project management," "risk management," and "real estate," which might show up on a portfolio manager resume. Whereas accounts payable manager might include skills like "procedures," "vendor invoices," "general ledger accounts," and "purchase orders."

      In general, accounts payable managers make a higher salary in the health care industry with an average of $70,582. The highest portfolio manager annual salary stems from the retail industry.

      In general, accounts payable managers reach lower levels of education when compared to portfolio managers resumes. Accounts payable managers are 23.0% less likely to earn their Master's Degree and 2.3% less likely to graduate with a Doctoral Degree.