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The differences between senior portfolio managers and reporting 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 reporting manager. Additionally, a senior portfolio manager has an average salary of $115,805, which is higher than the $106,336 average annual salary of a reporting manager.
The top three skills for a senior portfolio manager include portfolio management, risk management and project management. The most important skills for a reporting manager are GAAP, internal controls, and external auditors.
| Senior Portfolio Manager | Reporting Manager | |
| Yearly salary | $115,805 | $106,336 |
| Hourly rate | $55.68 | $51.12 |
| Growth rate | 17% | 17% |
| Number of jobs | 45,223 | 67,631 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 74% |
| 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.
The duties of a reporting manager depend on one's line of work or industry of employment. Typically, they perform clerical tasks such as producing progress reports and presentations, maintaining accurate records and documentation, updating databases, managing schedules, and performing regular inspections and site visits. There are also instances where one must respond to inquiries and concerns, report to supervisors, and coordinate with other department personnel. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.
Senior portfolio managers and reporting managers have different pay scales, as shown below.
| Senior Portfolio Manager | Reporting Manager | |
| Average salary | $115,805 | $106,336 |
| Salary range | Between $67,000 And $199,000 | Between $80,000 And $139,000 |
| Highest paying City | Albany, NY | Richmond, CA |
| Highest paying state | Connecticut | Washington |
| Best paying company | Legal & General Investment Management America | Meta |
| Best paying industry | Technology | Manufacturing |
There are a few differences between a senior portfolio manager and a reporting manager in terms of educational background:
| Senior Portfolio Manager | Reporting Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 74% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior portfolio managers' and reporting managers' demographics:
| Senior Portfolio Manager | Reporting Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 71.9% Female, 28.1% | Male, 59.6% Female, 40.4% |
| 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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |