What is the average income of a portfolio manager? (2024)

What is the average income of a portfolio manager?

The estimated total pay for a Portfolio-Manager is $165,130 per year in the United States area, with an average salary of $115,044 per year.

Do portfolio managers make good money?

The estimated total pay for a Portfolio-Manager is $165,130 per year in the United States area, with an average salary of $115,044 per year.

What do portfolio managers earn?

Portfolio-Manager Salaries in London

The average salary for a Portfolio manager is £72,818 in London, UK. Salaries estimates are based on 8 salaries submitted anonymously to Glassdoor by Portfolio manager employees in London, UK. How accurate is an average base pay range of £53K-£100K/yr?

What is the highest salary for a portfolio manager?

Portfolio Manager salary in India ranges between ₹ 3.0 Lakhs to ₹ 35.0 Lakhs with an average annual salary of ₹ 12.3 Lakhs. Salary estimates are based on 3k latest salaries received from Portfolio Managers.

Can you make millions as a portfolio manager?

Compensation spans a huge range at this level because it's linked almost 100% to performance. We gave a range of $500K to $3 million USD in the hedge fund career path article for the “average” PM, with median pay in the high-six-figure-to-low-seven-figure range. But there are several important footnotes and caveats.

Is a portfolio manager a stressful job?

Portfolio management can be stressful, due to deadlines, performance tracking and the size of responsibility.

What is the daily life of a portfolio manager?

Research and Analysis:Portfolio managers spend a significant portion of their day conducting research and analysis. This includes studying financial markets, economic indicators, and specific investment opportunities. They analyze the performance of existing positions and evaluate potential investments or trades.

What are the cons of being a portfolio manager?

Are portfolio managers in demand?

Portfolio managers are in high demand, too. The BLS projects employment for financial managers to grow by 16% from 2022 to 2032. This rate is much higher than the projected 3% growth for all occupations during that time frame.

How many hours do portfolio managers work?

Portfolio managers typically have their own office and work standard office hours, 9 to 5 on Mondays to Fridays. They may have to travel to meet clients or hold meetings with them in their office or a conference room.

Who is above a portfolio manager?

Senior portfolio managers often report directly to a chief investment officer (CIO), which makes portfolio management a potential career path to an executive position in an organization, whether as a CIO or a similar executive function with higher-level responsibility for the investment process.

How long does it take to become a portfolio manager?

Steps to Become a Portfolio Manager. Portfolio management is a leadership-level role that requires over five years of experience as a finance analyst or associate and extensive knowledge of finance and investment trends. Here is a step-by-step process on how to become a portfolio manager.

What qualifications do you need to be a portfolio manager?

Though not required, most portfolio managers hold master's degrees in finance, business administration, economics or another numbers-oriented field. Working in portfolio management requires licensing by FINRA and often professional certifications like that of Chartered Financial Analyst.

Is Warren Buffett a portfolio manager?

No, Warren is an investor that is the CEO of Berkshire Hathaway.

How much do top hedge fund portfolio managers make?

In 2023, the highest-paid hedge fund manager was Ken Griffin of Citadel, who earned $4.1 billion. He was followed by Izzy Englander of Millennium Management, who earned $3.2. billion.

How much does a senior portfolio manager make at Citadel?

$245K (Median Total Pay)

The estimated total pay range for a Portfolio Manager at Citadel is $184K–$333K per year, which includes base salary and additional pay.

How much does a PM at a hedge fund make?

Pay at this level depends almost 100% on performance, which means that PMs could make a few hundred thousand USD… up to $1 million or even $10 million+. On average, though, a PM at a mid-sized fund that performs decently might earn between $500K and $3 million.

What age do people become portfolio managers?

The average age of portfolio managers is 40+ years years old, representing 68% of the portfolio manager population.

Do portfolio managers need to be licensed?

Depending on the type of investments the fund makes, a portfolio manager may find it necessary or at least helpful to obtain certain licenses. The legal requirements of the state in which the hedge fund is registered may necessitate the fund manager obtaining a Series 65 license, administered by FINRA.

Do portfolio managers have a good work life balance?

The more accomplished the portfolio manager, the more complex their set of obstacles will probably be. The demands of their job will be more rigorous, and the time they have to focus on themselves and their family will be limited. The bottom line is, portfolio managers need to be careful about their work/life balance.

What is the difference between a hedge fund manager and a portfolio manager?

Unlike portfolio managers, the choices hedge fund managers make always affect every investor in the hedge fund. This is because hedge funds often pool money from all investors and allow the managers to make investing decisions in the hopes of major investment returns for everyone involved.

Is portfolio management prestigious?

Portfolio management is a prestigious career path in the finance field that provides an exciting and engaging work environment where you can use your financial knowledge to generate wealth for others.

Do you need a masters to be a portfolio manager?

Many employers require portfolio managers to hold a master's degree as it can enhance your reputation and provide you with more specialized skills than a bachelor's degree program.

Is a portfolio manager higher than a project manager?

As a quick refresher, a portfolio of projects is a collection of business endeavors that have been grouped together in order to achieve specific objectives — usually strategic ones. Therefore, a successful portfolio manager embraces a higher-level perspective and looks at the big picture.

How much do portfolio managers make in hedge funds?