Senior Portfolio Manager Careers

A senior portfolio manager is someone who works for finance companies such as banks, mutual fund companies, brokerage firms, or other similar companies. These companies provide services for people who are interested in investing money. Senior portfolio managers oversee the investments of the company's clients. They study the market and identify the best type of investment that will grow the client's funds while also considering the client's risk appetite. They can invest the client's money in stocks, bonds, mutual funds, or any other financial instrument available in the market. They allocate the client's funds in different buckets based on the client's expectations, preferences, and investment longevity. They also consider market and economic trends in their decisions.

To become a senior portfolio manager, one should have at least a bachelor's degree in business administration, economics, finance, statistics, or any related course. They may pursue graduate degrees in the said fields in order to gain more knowledge. Aside from that, they should also have licenses and certifications that will enable them to manage client funds and invest these funds in various financial instruments.

There is more than meets the eye when it comes to being a senior portfolio manager. For example, did you know that they make an average of $71.7 an hour? That's $149,145 a year!

Between 2018 and 2028, the career is expected to grow 16% and produce 104,700 job opportunities across the U.S.

What Does a Senior Portfolio Manager Do

There are certain skills that many senior portfolio managers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed organizational skills, analytical skills and communication skills.

When it comes to the most important skills required to be a senior portfolio manager, we found that a lot of resumes listed 14.3% of senior portfolio managers included portfolio, while 6.8% of resumes included risk management, and 6.5% of resumes included project management. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the senior portfolio manager job title. But what industry to start with? Most senior portfolio managers actually find jobs in the finance and health care industries.

How To Become a Senior Portfolio Manager

If you're interested in becoming a senior portfolio manager, one of the first things to consider is how much education you need. We've determined that 68.2% of senior portfolio managers have a bachelor's degree. In terms of higher education levels, we found that 25.5% of senior portfolio managers have master's degrees. Even though most senior portfolio managers have a college degree, it's impossible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a senior portfolio manager. When we researched the most common majors for a senior portfolio manager, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on senior portfolio manager resumes include associate degree degrees or doctoral degree degrees.

You may find that experience in other jobs will help you become a senior portfolio manager. In fact, many senior portfolio manager jobs require experience in a role such as portfolio manager. Meanwhile, many senior portfolio managers also have previous career experience in roles such as vice president or senior project manager.

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Average Salary
$149,145
Average Salary
Job Growth Rate
16%
Job Growth Rate
Job Openings
23,513
Job Openings

Senior Portfolio Manager Career Paths

Top Careers Before Senior Portfolio Manager

Top Careers After Senior Portfolio Manager

Senior Portfolio Manager Jobs You Might Like

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Tell us your goals and we'll match you with the rights job to get there.

Average Salary for a Senior Portfolio Manager

Senior Portfolio Managers in America make an average salary of $149,145 per year or $72 per hour. The top 10 percent makes over $264,000 per year, while the bottom 10 percent under $84,000 per year.
Average Salary
$149,145
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Best Paying Cities For Senior Portfolio Managers

City
ascdesc
Average Salarydesc
New York, NY
Salary Range136k - 271k$192k$192,467
Greenwich, CT
Salary Range115k - 230k$163k$163,268
San Francisco, CA
Salary Range106k - 207k$149k$148,836
Boston, MA
Salary Range96k - 189k$135k$135,178
Wilmington, DE
Salary Range92k - 186k$131k$131,439
McLean, VA
Salary Range86k - 174k$123k$122,627
Chicago, IL
Salary Range77k - 159k$111k$110,851
Pittsburgh, PA
Salary Range75k - 153k$107k$107,226
Seattle, WA
Salary Range74k - 145k$104k$104,149
Atlanta, GA
Salary Range68k - 148k$101k$100,722
Miami, FL
Salary Range67k - 144k$99k$98,781
Bentonville, AR
Salary Range58k - 126k$86k$86,138
$58k
$271k

Recently Added Salaries

CompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Portfolio Manager/Senior Manager
Capgemini America, Inc.
08/04/2021
$151,71508/04/2021
The North Face: Senior Manager, Global Portfolio
VF Corporation
07/27/2021
$116,64007/27/2021
Senior Manager, R&I Business Process, Governance, & Portfolio Management
Danone
07/24/2021
$105,00007/24/2021
SR Portfolio Manager
Ricoh Americas Corporation
07/22/2021
$75,00007/22/2021
Senior Portfolio Manager (Housing/Community Developer IV)
Fairfax County Sheriff's Office
07/17/2021
$72,75307/17/2021
See More Recent Salaries

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Senior Portfolio Manager Demographics

Gender

male

70.0 %

female

26.4 %

unknown

3.6 %

Ethnicity

White

67.7 %

Hispanic or Latino

13.5 %

Asian

9.5 %

Foreign Languages Spoken

Spanish

31.7 %

French

15.9 %

Portuguese

7.9 %
Show More Senior Portfolio Manager Demographics

Senior Portfolio Manager Education

Majors

Business
28.4 %
Finance
24.7 %
Economics
11.2 %

Degrees

Bachelors

68.2 %

Masters

25.5 %

Associate

3.9 %

Top Colleges for Senior Portfolio Managers

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

7. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

8. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

9. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

10. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339
Show More Senior Portfolio Manager Education Requirements

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Investment Analysis & Portfolio Management - Core Finance
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Financial Analysis Done Right - Rigorously Analyse Investments & Manage Portfolios using Excel & Google Sheets...

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In this course, you will gain an understanding of the theory underlying optimal portfolio construction, the different ways portfolios are actually built in practice and how to measure and manage the risk of such portfolios. You will start by studying how imperfect correlation between assets leads to diversified and optimal portfolios as well as the consequences in terms of asset pricing. Then, you will learn how to shape an investor's profile and build an adequate portfolio by combining strategi...

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Top Skills For a Senior Portfolio Manager

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 14.3% of senior portfolio managers listed portfolio on their resume, but soft skills such as organizational skills and analytical skills are important as well.

Best States For a Senior Portfolio Manager

Some places are better than others when it comes to starting a career as a senior portfolio manager. The best states for people in this position are New York, Connecticut, New Jersey, and California. Senior portfolio managers make the most in New York with an average salary of $163,661. Whereas in Connecticut and New Jersey, they would average $148,412 and $136,594, respectively. While senior portfolio managers would only make an average of $129,222 in California, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New York

Total Senior Portfolio Manager Jobs:
1,168
Highest 10% Earn:
$254,000
Location Quotient:
1.66
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Connecticut

Total Senior Portfolio Manager Jobs:
228
Highest 10% Earn:
$239,000
Location Quotient:
1.25
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. New Jersey

Total Senior Portfolio Manager Jobs:
471
Highest 10% Earn:
$227,000
Location Quotient:
1.08
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Senior Portfolio Managers

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Top Senior Portfolio Manager Employers

1. Citigroup
4.8
Avg. Salary: 
$141,039
Senior Portfolio Managers Hired: 
17+
2. General Electric
4.7
Avg. Salary: 
$116,997
Senior Portfolio Managers Hired: 
15+
3. Wells Fargo
4.7
Avg. Salary: 
$90,683
Senior Portfolio Managers Hired: 
12+
4. Capstone
4.7
Avg. Salary: 
$149,088
Senior Portfolio Managers Hired: 
12+
5. Cushman & Wakefield
4.8
Avg. Salary: 
$135,441
Senior Portfolio Managers Hired: 
10+
6. Bank of America
4.8
Avg. Salary: 
$94,061
Senior Portfolio Managers Hired: 
10+

Senior Portfolio Manager Videos

Updated August 18, 2021