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Working As a Senior Portfolio Manager

  • Interacting With Computers
  • Communicating with Supervisors, Peers, or Subordinates
  • Guiding, Directing, and Motivating Subordinates
  • Coaching and Developing Others
  • Establishing and Maintaining Interpersonal Relationships
  • Deal with People

  • Mostly Sitting

  • Make Decisions

  • $141,000

    Average Salary

What Does A Senior Portfolio Manager Do

Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.

Duties

Financial managers typically do the following:

  • Prepare financial statements, business activity reports, and forecasts
  • Monitor financial details to ensure that legal requirements are met
  • Supervise employees who do financial reporting and budgeting
  • Review company financial reports and seek ways to reduce costs
  • Analyze market trends to maximize profits and find expansion opportunities
  • Help management make financial decisions

The role of the financial manager, particularly in business, is changing in response to technological advances that have substantially reduced the amount of time it takes to produce financial reports. Financial managers’ main responsibility used to be monitoring a company’s finances, but they now do more data analysis and advise senior managers on ways to maximize profits. They often work on teams, acting as business advisors to top executives.

Financial managers also do tasks that are specific to their organization or industry. For example, government financial managers must be experts on government appropriations and budgeting processes, and healthcare financial managers must know about topics in healthcare finance. Moreover, financial managers must be knowledgeable about special tax laws and regulations that affect their industry.

The following are examples of types of financial managers:

Chief financial officers (CFOs) are accountable for the accuracy of a company’s or organization’s financial reporting, especially among publicly traded companies. As head of a company’s entire financial department, they manage the lower level financial managers. They oversee the company’s financial goals, objectives, and budgets.

Controllers direct the preparation of financial reports that summarize and forecast the organization’s financial position, such as income statements, balance sheets, and analyses of future earnings or expenses. Controllers also are in charge of preparing special reports required by governmental agencies that regulate businesses. Often, controllers oversee the accounting, audit, and budget departments of their organization.

Treasurers and finance officers direct their organization’s budgets to meet its financial goals. They oversee the investment of funds and carry out strategies to raise capital (such as issuing stocks or bonds) to support the firm’s expansion. They also develop financial plans for mergers (two companies joining together) and acquisitions (one company buying another).

Credit managers oversee their firm’s credit business. They set credit-rating criteria, determine credit ceilings, and monitor the collections of past-due accounts.

Cash managers monitor and control the flow of cash that comes in and goes out of the company to meet the company’s business and investment needs. For example, they must project cash flow (amounts coming in and going out) to determine whether the company will have a shortage or surplus of cash. 

Risk managers control financial risk by using strategies to limit or offset the probability of a financial loss or a company’s exposure to financial uncertainty. Among the risks they try to limit are those that stem from currency or commodity price changes.

Insurance managers decide how best to limit a company’s losses by obtaining insurance against risks, such as the need to make disability payments for an employee who gets hurt on the job or the costs imposed by a lawsuit against the company.

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How To Become A Senior Portfolio Manager

Financial managers typically have a bachelor’s degree and 5 years or more of experience in another business or financial occupation, such as an accountant, securities sales agent, or financial analyst.

Education

A bachelor's degree in finance, accounting, economics, or business administration is often the minimum education needed for financial managers. However, many employers now seek candidates with a master’s degree, preferably in business administration, finance, or economics. These academic programs help students develop analytical skills and learn financial analysis methods and software.

Licenses, Certifications, and Registrations

Professional certification is not required, but some financial managers still get it to demonstrate a level of competence. The CFA Institute confers the Chartered Financial Analyst (CFA) certification to investment professionals who have at least a bachelor’s degree, 4 years of work experience, and pass three exams. The Association for Financial Professionals confers the Certified Treasury Professional credential to those who pass an exam and have a minimum of 2 years of relevant experience.

Work Experience in a Related Occupation

Financial managers usually have experience in another business or financial occupation. For example, they may have worked as a loan officer, accountant, securities sales agent, or financial analyst. 

In some cases, companies provide formal management training programs to help prepare highly motivated and skilled financial workers to become financial managers.

Important Qualities

Analytical skills. Financial managers increasingly are assisting executives in making decisions that affect their organization, a task which requires analytical ability.

Communication skills. Excellent communication skills are essential because financial managers must explain and justify complex financial transactions.

Detail oriented. 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.

Math skills. Financial managers must be skilled in math, including algebra. An understanding of international finance and complex financial documents also is important.

Organizational skills. Financial managers deal with a range of information and documents and so they must stay organized to do their jobs effectively.

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Average Yearly Salary
$141,000
Show Salaries
$84,000
Min 10%
$141,000
Median 50%
$141,000
Median 50%
$141,000
Median 50%
$141,000
Median 50%
$141,000
Median 50%
$141,000
Median 50%
$141,000
Median 50%
$235,000
Max 90%
Best Paying Company
CB Richard Ellis Memphis
Highest Paying City
New York, NY
Highest Paying State
New York
Avg Experience Level
4.1 years
How much does a Senior Portfolio Manager make at top companies?
The national average salary for a Senior Portfolio Manager in the United States is $141,192 per year or $68 per hour. Those in the bottom 10 percent make under $84,000 a year, and the top 10 percent make over $235,000.

Real Senior Portfolio Manager Salaries

Job Title Company Location Start Date Salary
Senior Portfolio Manager APG Asset Management Us, Inc. New York, NY Aug 31, 2016 $322,000
Senior Portfolio Manager, Private Equity APG Asset Management Us Inc. New York, NY Jun 07, 2016 $311,100
Senior Portfolio Manager Caledonia (Private) Investments Us, LLC New York, NY Sep 21, 2016 $300,000
SR. Portfolio Manager Vegasoul LLC New York, NY Mar 01, 2011 $250,000
Senior Portfolio Manager California Public Employees' Retirement System Sacramento, CA Sep 30, 2012 $243,984
Senior Portfolio Manager and Head Trader Merrill Lynch New York, NY Jan 13, 2016 $220,813
Senior Portfolio Manager Grantham, Mayo, Van Otterloo and Company, LLC Berkeley, CA Jul 06, 2012 $204,918
SNR. Portfolio MGR. & Head of Emerging & Frontier Everest Capital LLC Miami, FL Aug 02, 2013 $200,000 -
$400,000
Senior Portfolio Manager Incapture Investments LLC New York, NY Sep 03, 2014 $200,000
Senior Portfolio Manager Analyst AXA Investment Managers, Inc. Greenwich, CT Aug 01, 2015 $195,700
Senior Portfolio Manager QS Investors LLC New York, NY Nov 26, 2013 $190,000
SR. Quantitative Equity Portfolio Manager QS Investors Holdings LLC New York, NY Nov 26, 2012 $190,000
Senior Portfolio Manager California Public Employees' Retirement System Sacramento, CA Jun 01, 2015 $188,000 -
$282,000
Senior Portfolio Manager California Public Employees Retirement System Sacramento, CA Oct 01, 2015 $188,000 -
$282,000
Portfolio Manager/Senior Quantitative Analyst Neuberger Berman Group LLC New York, NY Feb 19, 2011 $160,000
Senior Analyst and Portfolio Manager Schroder Investment Management North America Inc. New York, NY Jul 01, 2015 $155,000 -
$190,000
Senior Manager, Portfolio Management .01) Clean Power Finance, Inc. San Francisco, CA May 09, 2016 $155,000
SR Manager, Business Analytics & Portfolio Strateg Paypal, Inc. San Jose, CA Jul 15, 2011 $150,000
Associate Portfolio Manager & Senior Trader Neuberger Berman Group LLC Chicago, IL Sep 09, 2016 $150,000
SR Manager, Business Analytics & Portfolio Strateg Paypal, Inc. San Jose, CA Feb 29, 2012 $150,000
Senior Portfolio Manager Panorama Partners New York, NY Sep 13, 2011 $150,000
Senior Manager-Portfolio Architect & Support Masterbrand Cabinets, Inc. Deerfield, IL Aug 27, 2016 $150,000
Senior Portfolio Manager, Learning Innovation Sears Holdings Management Corporation Hoffman Estates, IL Apr 14, 2014 $125,000
Senior Portfolio Manager, Learning Innovation Sears Holdings Management Corporation Hoffman Estates, IL Oct 30, 2014 $125,000
SR. Analyst/Associate Portfolio Manager Deer Park Road Corporation Steamboat Springs, CO Jul 18, 2014 $125,000
Senior Manager-Portfolio Architect & Support Masterbrand Cabinets, Inc. Jasper, IN Sep 16, 2016 $124,100
SR. Manager SAP Portfolio SDM Architect Sanofi Us Services Inc. Bridgewater, NJ Aug 04, 2016 $123,490 -
$163,229
SR. Manager, Portfolio Management Novartis Institutes for Biomedical Research, Inc. Cambridge, MA Sep 22, 2014 $123,000
Portfolio Performance Analytics Senior Federal Home Loan Mortgage Co. McLean, VA Aug 06, 2015 $121,500 -
$130,000
Portfolio Performance Analytics Senior Federal Home Loan Mortgage Co. McLean, VA Jun 08, 2015 $121,500 -
$130,000

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Top Skills for A Senior Portfolio Manager

  1. Asset Allocation
  2. Investment Strategies
  3. Financial Statements
You can check out examples of real life uses of top skills on resumes here:
  • Advise individuals and institutions on a wide range of investment matters including asset allocation, investment analysis and retirement planning.
  • Provide thought leadership and both standard and customized global fixed-income investment strategies using both fundamental and quantitative methods.
  • Reviewed all credit limit increase requests submitted by our entire customer base by analyzing financial statements.
  • Understand solution offerings to include Network Monitoring, Application Monitoring, Mainframe, Security, Project Portfolio Management and Automation.
  • Identified prospects in sales territory, scheduled introductory meetings and presented private and public market real estate equity investment products.

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Top 10 Best States for Senior Portfolio Managers

  1. New York
  2. Connecticut
  3. New Hampshire
  4. New Jersey
  5. Washington
  6. Delaware
  7. Minnesota
  8. Massachusetts
  9. Colorado
  10. North Dakota
  • (897 jobs)
  • (245 jobs)
  • (84 jobs)
  • (420 jobs)
  • (534 jobs)
  • (50 jobs)
  • (282 jobs)
  • (539 jobs)
  • (296 jobs)
  • (19 jobs)

Senior Portfolio Manager Demographics

Gender

Male

64.9%

Female

26.0%

Unknown

9.2%
Ethnicity

White

59.8%

Hispanic or Latino

14.9%

Black or African American

11.1%

Asian

10.1%

Unknown

4.1%
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Foreign Languages Spoken

Spanish

31.7%

French

15.9%

Portuguese

7.9%

Chinese

7.9%

German

7.9%

Italian

6.3%

Mandarin

4.8%

Korean

4.8%

Japanese

3.2%

Russian

3.2%

Cantonese

3.2%

Bulgarian

1.6%

Dutch

1.6%
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Senior Portfolio Manager Education

Schools

New York University

14.9%

University of Phoenix

8.4%

University of Chicago

8.4%

Columbia University

7.4%

Stanford University

5.6%

University of Pennsylvania

4.7%

Cornell University

4.7%

George Washington University

4.2%

University of Texas at Austin

3.7%

University of Connecticut

3.7%

University of Washington

3.7%

Saint Joseph's University

3.7%

DePaul University

3.7%

University of Notre Dame

3.7%

Northwestern University

3.3%

University of California - Los Angeles

3.3%

Pennsylvania State University

3.3%

Florida State University

3.3%

University of Michigan - Ann Arbor

3.3%

University of Delaware

3.3%
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Majors

Finance

29.7%

Business

29.3%

Accounting

6.6%

Economics

6.4%

Management

4.5%

Marketing

2.8%

Real Estate

2.5%

Project Management

2.1%

Law

1.9%

Computer Science

1.8%

International Business

1.5%

Psychology

1.5%

Political Science

1.5%

Education

1.3%

Criminal Justice

1.2%

Information Technology

1.2%

Business Economics

1.1%

Communication

1.1%

History

1.1%

Graphic Design

1.0%
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Degrees

Masters

45.6%

Bachelors

36.2%

Other

9.8%

Doctorate

3.5%

Certificate

2.6%

Associate

1.7%

Diploma

0.3%

License

0.3%
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