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.