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The differences between senior portfolio managers and risk 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 risk manager. Additionally, a risk manager has an average salary of $116,072, 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 risk manager are oversight, risk assessments, and project management.
| Senior Portfolio Manager | Risk Manager | |
| Yearly salary | $115,805 | $116,072 |
| Hourly rate | $55.68 | $55.80 |
| Growth rate | 17% | 17% |
| Number of jobs | 45,223 | 75,795 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 66% |
| 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 risk manager is responsible for analyzing potential risks that may affect the organization's operations, reputation, and market credibility. Risk managers identify risk controls and discuss business contingency plans for unforeseen circumstances to prevent delays in operational services. They also develop compliance training and programs for all the employees to provide them the awareness of the safety and security regulations within the company premises. A risk manager must have excellent communication and leadership skills, especially on handling and investigating cases that might compromise the business stability and financial status.
Senior portfolio managers and risk managers have different pay scales, as shown below.
| Senior Portfolio Manager | Risk Manager | |
| Average salary | $115,805 | $116,072 |
| Salary range | Between $67,000 And $199,000 | Between $84,000 And $160,000 |
| Highest paying City | Albany, NY | San Francisco, CA |
| Highest paying state | Connecticut | California |
| Best paying company | Legal & General Investment Management America | Credit Karma |
| Best paying industry | Technology | Technology |
There are a few differences between a senior portfolio manager and a risk manager in terms of educational background:
| Senior Portfolio Manager | Risk Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior portfolio managers' and risk managers' demographics:
| Senior Portfolio Manager | Risk Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 71.9% Female, 28.1% | Male, 59.3% Female, 40.7% |
| 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, 63.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |