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The differences between senior portfolio managers and banking center 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 banking center manager. Additionally, a banking center manager has an average salary of $128,585, which is higher than the $115,805 average annual salary of a senior portfolio manager.
The top three skills for a senior portfolio manager include portfolio management, risk management and project management. The most important skills for a banking center manager are business development, bank products, and bank policies.
| Senior Portfolio Manager | Banking Center Manager | |
| Yearly salary | $115,805 | $128,585 |
| Hourly rate | $55.68 | $61.82 |
| Growth rate | 17% | 17% |
| Number of jobs | 45,223 | 87,078 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 70% |
| 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 banking center manager is responsible for monitoring bank operations, auditing financial transactions, and ensuring that the banking staff provides the highest customer service for their clients. Banking center managers assist the team members in responding to the customers' inquiries and concerns regarding the financial options they offer, opening accounts, selling financial instruments, and resolving transactional complaints. A banking center manager must have excellent communication and analytical skills, especially in developing banking solutions that would increase the bank's reliability to the customers.
Senior portfolio managers and banking center managers have different pay scales, as shown below.
| Senior Portfolio Manager | Banking Center Manager | |
| Average salary | $115,805 | $128,585 |
| Salary range | Between $67,000 And $199,000 | Between $95,000 And $173,000 |
| Highest paying City | Albany, NY | - |
| Highest paying state | Connecticut | - |
| Best paying company | Legal & General Investment Management America | - |
| Best paying industry | Technology | - |
There are a few differences between a senior portfolio manager and a banking center manager in terms of educational background:
| Senior Portfolio Manager | Banking Center Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior portfolio managers' and banking center managers' demographics:
| Senior Portfolio Manager | Banking Center Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 71.9% Female, 28.1% | Male, 47.0% Female, 53.0% |
| 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, 7.7% Unknown, 4.1% Hispanic or Latino, 14.7% Asian, 9.3% White, 63.9% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |