How much does a portfolio manager make?

The average portfolio manager salary in the United States is $114,671. Portfolio manager salaries typically range between $66,000 and $198,000 yearly. The average hourly rate for portfolio managers is $55.13 per hour. Portfolio manager salary is impacted by location, education, and experience. Portfolio managers earn the highest average salary in Connecticut.

Portfolio manager salary

Q: What state pays Portfolio Managers the most?

Connecticut pays Portfolio Managers the most in the United States, with an average salary of $138,687 per year, or $66.68 per hour.

Q: How do I know if I'm being paid fairly as a portfolio manager?

You know if you are being paid fairly as a portfolio manager if your pay is close to the average pay for the state you live in. For example, if you live in New York you should be paid close to $137,569 per year.

Q: Are portfolio managers rich?

No, portfolio managers are not rich. The average portfolio manager makes around $148,000 a year ($71.51 an hour). While this is good money, it's not typically considered rich. The range in how much a portfolio manager makes is between $82,000 to $266,000 a year. Factors such as years of experience, location, and industry impact how much a portfolio manager can make.

Q: How much do Vanguard portfolio managers make?

Vanguard portfolio managers make $71,000 a year, on average ($34.13 an hour). The range in how much a portfolio manager can make starts from as little as $41,000 to as much as $122,000 a year.

Q: How much do portfolio managers make?

Portfolio managers make $148,000 a year, on average ($71.51 an hour). However, there is a considerable range in how much a portfolio manager can make - starting from as little as $82,000 to $266,000. Factors such as location and industry impact how much a portfolio can make.

Q: How much does a portfolio manager at Millennium make?

A portfolio manager at Millennium makes, on average, $172,053 a year. This is 16% more than the national average for all portfolio managers ($148,000 a year). However, there is a considerable range in how much a portfolio manager at Millennium starts from $154,000 to $214,000 a year.

Average portfolio manager salary

$114,671

$55.13 hourly rate

Entry-level portfolio manager salary

$66,000 yearly salary

Updated December 15, 2025

Understanding Portfolio Manager Salaries

Portfolio managers play a critical role in managing investment portfolios for individuals and institutions. As of October 2025, the average salary for a portfolio manager is approximately $114,671 annually, translating to about $55 per hour. This figure varies based on several factors, including experience level, geographic location, and the specific industry.

Factors Affecting Salary

Entry-level portfolio managers can expect to earn significantly less, while those with over ten years of experience may see salaries rise well above the average. Additionally, portfolio managers working in high-demand areas or for prestigious firms often receive higher compensation. States like New York and California, known for their financial markets, typically offer the highest salaries in this field.

Job Opportunities

The demand for skilled portfolio managers continues to grow, driven by the increasing complexity of investment strategies and the need for financial guidance. Many positions are available in various sectors, including banks, hedge funds, and investment firms. Exploring these opportunities can lead to lucrative career paths.

On this page

Portfolio manager salary by:

Let Zippia find your next portfolio manager job

Let Zippia find your next portfolio manager job

Where can a Portfolio Manager earn more?

Compare salary by location

164k

144k

124k

104k

84k

64k

Columbus, OH$141,864

Milwaukee, WI$94,061

Compare salary by company

254k

234k

214k

194k

174k

154k

The Citadel$243,558

Connecticut Children's Medical Center$184,269

Portfolio manager salaries by experience level

Experience level	Avg. salary	Hourly rate
Entry-level portfolio manager	$78,800	$37.90
Mid-level portfolio manager	$122,000	$58.67
Senior-level portfolio manager	$188,000	$90.17

Portfolio manager salary estimates from across the web

Based on the latest salary information compiled by Zippia, Salary.com, Indeed, Ziprecruiter, SalaryExpert, Comparably and Payscale, the average salary for a portfolio manager typically falls between $95,366 and $150,167.

zippia

$114,671yearly

indeed[1]

$95,366yearly

comparably[2]

$150,167yearly

Salary.com[3]

$117,220yearly

ZipRecruiter[4]

$100,458yearly

payscale[5]

$97,806yearly

SalaryExpert[6]

$129,481yearly

Average portfolio manager salary by state

The highest-paying states for portfolio managers are Connecticut, New York, and Alaska. The lowest average portfolio manager salary states are Iowa, Idaho, and Utah.

State view
County view

Average salary:

Highest paying states for portfolio managers

Rank	State	Avg. salary	Hourly rate
1	Connecticut	$138,687	$66.68
2	New York	$137,569	$66.14
3	Massachusetts	$122,718	$59.00
4	New Jersey	$123,862	$59.55
5	California	$118,488	$56.97
6	Rhode Island	$119,876	$57.63
7	District of Columbia	$119,209	$57.31
8	Arizona	$106,298	$51.10
9	Louisiana	$120,588	$57.98
10	Pennsylvania	$111,518	$53.61
11	Illinois	$106,128	$51.02
12	Alaska	$125,321	$60.25
13	Delaware	$107,971	$51.91
14	Ohio	$104,780	$50.38
15	Maryland	$108,647	$52.23
16	West Virginia	$109,713	$52.75
17	Virginia	$105,474	$50.71
18	Texas	$101,826	$48.95
19	Michigan	$103,500	$49.76
20	New Hampshire	$105,079	$50.52
21	Maine	$107,758	$51.81
22	Washington	$100,938	$48.53
23	Hawaii	$109,245	$52.52
24	North Carolina	$98,087	$47.16
25	Nevada	$98,283	$47.25
26	Tennessee	$98,002	$47.12
27	Vermont	$102,591	$49.32
28	Kentucky	$96,591	$46.44
29	Georgia	$94,793	$45.57
30	North Dakota	$101,821	$48.95
31	New Mexico	$97,865	$47.05
32	Arkansas	$94,235	$45.31
33	Wisconsin	$93,464	$44.93
34	Montana	$93,360	$44.88
35	Oregon	$93,473	$44.94
36	Indiana	$91,017	$43.76
37	Minnesota	$90,612	$43.56
38	Missouri	$88,957	$42.77
39	Florida	$90,005	$43.27
40	South Dakota	$91,077	$43.79
41	Mississippi	$90,564	$43.54
42	Iowa	$85,589	$41.15
43	Alabama	$87,459	$42.05
44	Colorado	$79,937	$38.43
45	Utah	$83,316	$40.06
46	South Carolina	$88,278	$42.44
47	Oklahoma	$86,855	$41.76
48	Wyoming	$87,084	$41.87
49	Kansas	$81,882	$39.37
50	Nebraska	$81,198	$39.04
51	Idaho	$84,204	$40.48

Top portfolio manager jobs near you

Highest paying cities for portfolio managers

The highest-paying cities for portfolio managers are Stamford, CT, New York, NY, and San Francisco, CA.

Rank	City	Avg. salary	Hourly rate
1	Stamford, CT	$141,864	$68.20
2	New York, NY	$141,272	$67.92
3	San Francisco, CA	$124,700	$59.95
4	Boston, MA	$124,463	$59.84
5	Providence, RI	$121,108	$58.23
6	Washington, DC	$120,629	$57.99
7	Philadelphia, PA	$112,839	$54.25
8	Baltimore, MD	$109,662	$52.72
9	Portland, ME	$109,482	$52.64
10	Arlington, VA	$108,549	$52.19
11	Chicago, IL	$107,498	$51.68
12	Phoenix, AZ	$107,461	$51.66
13	Detroit, MI	$104,369	$50.18
14	Columbus, OH	$103,890	$49.95
15	Austin, TX	$103,773	$49.89
16	Seattle, WA	$102,829	$49.44
17	Raleigh, NC	$100,586	$48.36
18	Memphis, TN	$97,028	$46.65
19	Sandy Springs, GA	$94,207	$45.29
20	Milwaukee, WI	$94,061	$45.22

Portfolio Managers are the most in-demand in these five cities:

Portfolio manager salary details

A portfolio manager's salary ranges from $66,000 a year at the 10th percentile to $198,000 at the 90th percentile.

Average portfolio manager salary graph, trends, and summary

What is a portfolio manager's salary?

Percentile	Annual salary	Monthly salary	Hourly rate
90th Percentile	$198,000	$16,500	$95
75th Percentile	$153,000	$12,750	$74
Average	$114,671	$9,556	$55
25th Percentile	$85,000	$7,083	$41
10th Percentile	$66,000	$5,500	$32

Highest paying portfolio manager jobs

The highest paying types of portfolio managers are banking center manager, audit manager, and investments manager.

Job title	Annual salary	Monthly salary	Hourly rate	Job openings
Banking Center Manager	$128,585	$10,715	$61.82	87,078
Accounts Payable Manager	$69,808	$5,817	$33.56	53,384
Investments Manager	$116,101	$9,675	$55.82	42,946
Accounts Receivable Manager	$69,403	$5,784	$33.37	53,859
Accountant And Office Manager	$51,217	$4,268	$24.62	107,701
Cash Manager	$93,363	$7,780	$44.89	60,517

Top companies hiring portfolio managers now:

Which companies pay portfolio managers the most?

Portfolio manager salaries at The Citadel and Morgan Lewis are the highest-paying according to our most recent salary estimates. In addition, the average portfolio manager salary at companies like Point72 and BlueCrest Capital Management are highly competitive.

Rank	Company	Average salary	Hourly rate
1	The Citadel	$243,558	$117.10
2	Morgan Lewis	$220,972	$106.24
3	Point72	$200,356	$96.33
4	BlueCrest Capital Management	$194,514	$93.52
5	Legal & General Investment Management America	$193,457	$93.01
6	Siguler Guff & Company	$192,798	$92.69
7	CIBC World Markets	$192,053	$92.33
8	Dimensional Fund Advisors	$190,228	$91.46
9	Federal Home Loan Bank of Indianapolis	$189,327	$91.02
10	BNP Paribas	$188,817	$90.78
11	Deutsche Bank	$187,944	$90.36
12	Lloyds TSB Bank	$187,805	$90.29
13	Silicon Valley Bank	$187,715	$90.25
14	Nomura Securities	$187,344	$90.07
15	Vontobel	$187,286	$90.04
16	Crestline Investors	$187,076	$89.94
17	Lendlease	$186,757	$89.79
18	Meta	$186,747	$89.78
19	Credit Suisse	$185,993	$89.42
20	Connecticut Children's Medical Center	$184,269	$88.59

Wage gap by gender, race and education

$122,000$118,800$115,600$112,400$109,200$106,000

MaleFemale

Portfolio manager salary trends

The average portfolio manager salary has risen by $23,091 over the last ten years. In 2014, the average portfolio manager earned $91,580 annually, but today, they earn $114,671 a year. That works out to a 10% change in pay for portfolio managers over the last decade.

Compare portfolio manager salaries for cities or states with the national average over time.

Average portfolio manager salary over time

Compare portfolio manager salaries for individual cities or states with the national average.

Portfolio manager salary by year

Year	Avg. salary	Hourly rate	% Change
2025	$115,000	$55.13	+3.2%
2024	$111,000	$53.37	+1.5%
2023	$109,000	$52.59	+2.3%
2022	$107,000	$51.39	+2.7%
2021	$104,000	$50.02	+3.1%

Recently added portfolio manager salaries

Company	Job	Location	Date added	Salary
American Century Companies	Associate Client Portfolio Manager	New York, NY	06/30/2025	$120,000
Carrier	Program Portfolio Manager	Amity, NY	06/30/2025	$109,456
Pall	Global Portfolio Manager, Industrial	DeLand, FL	06/30/2025	$125,000
Guardian Life	Portfolio Manager, Data, Analytics and AI	Holmdel, NJ	06/30/2025	$101,180
Franklin Templeton	Portfolio Manager (Direct Indexing)-Canvas	Stamford, CT	06/30/2025	$195,000
Neuberger Berman	Client Portfolio Manager-Residential Real Estate Debt	Chicago, IL	06/30/2025	$135,000
Byline Bank	Portfolio Manager (Remote)	Schaumburg, IL	06/29/2025	$72,000
Huntington	Commercial Portfolio Manager-Huntington Vendor Finance Modifications	Waterloo, IA	06/29/2025	$57,000
Huntington	Portfolio Manager-Equipment Finance	Columbus, OH	06/29/2025	$57,000
Morgan Stanley	Portfolio Manager-Parametric	Seattle, WA	06/29/2025	$110,000