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The differences between senior portfolio managers and portfolio 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 portfolio manager. Additionally, a senior portfolio manager has an average salary of $115,805, which is higher than the $114,671 average annual salary of a 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 portfolio manager are portfolio management, customer service, and risk management.
| Senior Portfolio Manager | Portfolio Manager | |
| Yearly salary | $115,805 | $114,671 |
| Hourly rate | $55.68 | $55.13 |
| Growth rate | 17% | 17% |
| Number of jobs | 45,223 | 43,192 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 71% |
| 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 portfolio manager is responsible for managing the clients' investment portfolios to advise them of the best investment plans to achieve their financial goals and objectives. Portfolio managers determine the most suitable options by evaluating the clients' credit score and risk potential and the client's financial background. A portfolio manager should be highly knowledgeable and updated with the recent financial industry changes to decide on investment plans with maximum returns.
Senior portfolio managers and portfolio managers have different pay scales, as shown below.
| Senior Portfolio Manager | Portfolio Manager | |
| Average salary | $115,805 | $114,671 |
| Salary range | Between $67,000 And $199,000 | Between $66,000 And $198,000 |
| Highest paying City | Albany, NY | Stamford, CT |
| Highest paying state | Connecticut | Connecticut |
| Best paying company | Legal & General Investment Management America | The Citadel |
| Best paying industry | Technology | Finance |
There are a few differences between a senior portfolio manager and a portfolio manager in terms of educational background:
| Senior Portfolio Manager | Portfolio Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior portfolio managers' and portfolio managers' demographics:
| Senior Portfolio Manager | Portfolio Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 71.9% Female, 28.1% | Male, 66.6% Female, 33.4% |
| 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, 14.4% Asian, 10.1% White, 63.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |