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The differences between senior portfolio managers and bank managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a senior portfolio manager and a bank manager. Additionally, a senior portfolio manager has an average salary of $115,805, which is higher than the $96,910 average annual salary of a bank manager.
The top three skills for a senior portfolio manager include portfolio management, risk management and project management. The most important skills for a bank manager are bank products, financial services, and business development.
| Senior Portfolio Manager | Bank Manager | |
| Yearly salary | $115,805 | $96,910 |
| Hourly rate | $55.68 | $46.59 |
| Growth rate | 17% | 17% |
| Number of jobs | 45,223 | 66,136 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A senior portfolio manager is responsible for evaluating the financial portfolios of clients to identify the best investment decisions accordingly. Senior portfolio managers conduct data and statistical analysis of the financial market performance to measure the value of financial instruments and funds. They manage the buying and selling of financial securities based on the clients' specifications and requirements and regularly following the market movement to meet the clients' best interests. A senior portfolio manager must have excellent analytical and leadership skills, especially in coordinating with portfolio analysts, to determine the best courses to minimize the clients' financial loss and risks.
A bank manager is responsible for supervising banking operations and monitoring staff performance in providing the best customer service for clients with their banking needs and financial transactions. Bank managers assist the staff with the complexities of processes, train new hires, and strategize the development of services that would contribute to the bank's success. They also conduct fund audits and create accounts receivable reports at the end of the day. A bank manager responds to clients' inquiries and concerns, resolve complaints, and manage account disputes.
Senior portfolio managers and bank managers have different pay scales, as shown below.
| Senior Portfolio Manager | Bank Manager | |
| Average salary | $115,805 | $96,910 |
| Salary range | Between $67,000 And $199,000 | Between $65,000 And $142,000 |
| Highest paying City | Albany, NY | San Francisco, CA |
| Highest paying state | Connecticut | California |
| Best paying company | Legal & General Investment Management America | Accenture |
| Best paying industry | Technology | Finance |
There are a few differences between a senior portfolio manager and a bank manager in terms of educational background:
| Senior Portfolio Manager | Bank Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior portfolio managers' and bank managers' demographics:
| Senior Portfolio Manager | Bank Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 71.9% Female, 28.1% | Male, 48.9% Female, 51.1% |
| Race ratio | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.1% White, 63.4% American Indian and Alaska Native, 0.3% | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.7% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |