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The differences between senior portfolio managers and senior manageds 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 senior managed. Additionally, a senior portfolio manager has an average salary of $115,805, which is higher than the $107,923 average annual salary of a senior managed.
The top three skills for a senior portfolio manager include portfolio management, risk management and project management. The most important skills for a senior managed are project management, portfolio, and emerging technologies.
| Senior Portfolio Manager | Senior Managed | |
| Yearly salary | $115,805 | $107,923 |
| Hourly rate | $55.68 | $51.89 |
| Growth rate | 17% | 17% |
| Number of jobs | 45,223 | 49,112 |
| 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.
Senior managers are responsible for organizing and managing the performance of a group of individuals. They observe their work and rectify actions when necessary. These managers usually direct the most important group in the company and may supervise the workers directly or guide their supervisors that in turn, managed them. Their duties include controlling the overall financial budgeting. Also, they approve hiring and firing requests within the company and guide the distinguishing of talents as well as the growth processes for the function. Additionally, they work with senior management and other peers for the establishment of strategies and implementation planning.
Senior portfolio managers and senior manageds have different pay scales, as shown below.
| Senior Portfolio Manager | Senior Managed | |
| Average salary | $115,805 | $107,923 |
| Salary range | Between $67,000 And $199,000 | Between $71,000 And $162,000 |
| Highest paying City | Albany, NY | Sacramento, CA |
| Highest paying state | Connecticut | Washington |
| Best paying company | Legal & General Investment Management America | Walmart |
| Best paying industry | Technology | Technology |
There are a few differences between a senior portfolio manager and a senior managed in terms of educational background:
| Senior Portfolio Manager | Senior Managed | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between senior portfolio managers' and senior manageds' demographics:
| Senior Portfolio Manager | Senior Managed | |
| Average age | 46 | 46 |
| Gender ratio | Male, 71.9% Female, 28.1% | Male, 61.6% Female, 38.4% |
| 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, 14.3% Asian, 10.1% White, 63.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |