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Careersβ€ΊRolesβ€ΊPortfolio Manager
Mid-Level

Portfolio Manager

Portfolio managers make investment decisions for a fund or set of accounts β€” analyzing securities, building positions, and managing risk to meet investment objectives.

Career Level
Junior
Mid
Senior
Director
VP
Executive
Work Personality
C
E
I
S
A
R
Conventionalorganizing, detail-oriented
Enterprisingleading, persuading
Based on Holland Code framework
Industries that often hire Portfolio Managers
Financial Services Β· 31%Professional Services Β· 14%Government Β· 6%Manufacturing Β· 6%Wholesale & Distribution Β· 4%Healthcare Β· 4%
Job markets for Portfolio Managers
Where Portfolio Manager jobs concentrate Β· ~400 metro areas
Based on employment in related occupations
Mapped SOC categories:
Business Operations
BLS Occupational Employment Statistics
Jump to:What it's likeCareer pathsBy the numbers
What it's like

What it's like to be a Portfolio Manager

Workdays involve market analysis, position decisions, and meetings β€” with research, modeling, and decision-making woven throughout. The work tends to be intense during market hours and contemplative outside them. The job is more solitary than people expect β€” managers spend substantial time alone with research and decisions.

Collaboration involves analysts, traders, risk teams, and clients or distribution staff. What's harder than expected is the psychological dimension β€” managing positions through volatility requires real discipline, and the public nature of performance metrics means you can't hide a bad year.

People who thrive tend to be analytically sharp, emotionally disciplined, and committed to continuous learning. If you find satisfaction in the intellectual challenge of markets, the role often fits well. People who can't handle the public scoring of their decisions, or who can't hold conviction through periods when their positions are working against them, usually find the role psychologically demanding in ways the technical training doesn't prepare you for.

What people in this role value
IndependenceAbove avg
AchievementAbove avg
RecognitionAbove avg
RelationshipsModerate
Working ConditionsModerate
SupportModerate
O*NET Work Values survey
✦ Editorial β€” written by Truest from industry research and career patterns
Career Paths

Where this role sits in the broader career landscape β€” and where it can take you.

Earning potential across this track
$239K$179K$119K$60K$0KLower paying387 metro areas, sorted by salary level
All experience levels1
This level's estimated range
INDUSTRIES PAYING ABOVE AVERAGE
Technology & Information$101K+9%
Energy & Utilities$100K+8%
Professional Services$98K+6%
Financial Services$83K-11%
Government$76K-17%
Compared to Business Operations average across all industries
1 BLS OEWS May 2024 covers all Portfolio Managers (SOC 11-3031.03, 13-2051.00, 13-2052.00, 13-2072.00, 13-2099.01), not just this title Β· BEA RPP 2023
* Top salaries exceed this figure. BLS caps reported wages at ~$240K to protect individual privacy in high-earning roles.
Related rolesExplore Business Operations β†’
Portfolio ManagerFixed Income Portfolio ManagerAsset ManagerMutual Fund AccountantFinancial Systems AnalystAsset AnalystInvestment ManagerFinancial Planning ManagerFinancial Planning and Analysis ManagerTrust OfficerAccount ManagerInvestments ManagerStrategistPersonal BankerMoney ManagerChartered Financial Analyst (CFA)Financial EngineerHedge Fund ManagerAnnual Fund ManagerMutual Fund ManagerPension Fund ManagerInvestment Fund ManagerInstitutional Asset ManagerFinancial Planning and Analysis Finance ManagerInvestment Banker+1 more
Exploring the Portfolio Manager career path? Truest helps you figure out if it's the right fit β€” and plan your path forward.
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✦ Editorial β€” career progression and interview guidance based on industry patterns
The Broader Landscape

Roles like this one sit within a broader occupational category. The numbers below reflect that full landscape β€” helpful for context, but your specific experience will depend on level, specialty, and where you work.

$38K–$208K
Salary Range
10th – 90th percentile
1.8M
U.S. Employment
+6.98%
10yr Growth
154K
Annual Openings

How Portfolio Manager pay & employment are changing

$74K$71K$68K$65K$62K201920202021202220232024$62K$74K
BLS OEWS May 2024 Β· BLS Employment Projections 2024–2034

Skills & Requirements

MathematicsReading ComprehensionCritical ThinkingActive ListeningCritical ThinkingReading ComprehensionActive ListeningSpeakingActive ListeningReading Comprehension
O*NET OnLine Β· Bureau of Labor Statistics
Mapped SOC Codes
11-3031.0313-2051.0013-2052.0013-2072.0013-2099.01

Explore related roles

Roles with similar work and overlapping career paths

midFixed Income Portfolio Manager$162KmidAsset Manager$142KmidMutual Fund Accountant$92KmidFinancial Systems Analyst$92KseniorSenior Mutual Fund Accountant$92KseniorSenior Financial Systems Analyst$92K
View all Business Operations roles β†’

Common questions about what it's like to be a Portfolio Manager

What does a Portfolio Manager do?

Portfolio managers make investment decisions for a fund or set of accounts β€” analyzing securities, building positions, and managing risk to meet investment objectives.

How much does a Portfolio Manager make?

Median pay for a Portfolio Manager is about $104K nationally, with the field ranging roughly from $38K to $208K depending on experience, employer, and metro (BLS).

What skills does a Portfolio Manager need?

Core skills for this role include Mathematics, Reading Comprehension, Critical Thinking, Active Listening, and Critical Thinking.

What education do you need to be a Portfolio Manager?

Most people in this role hold a bachelor's degree.

Is a Portfolio Manager in demand?

Employment in this field is projected to grow about 6.98% through 2034, with roughly 1.8 million people working in it today (BLS).

What jobs are similar to a Portfolio Manager?

Closely related roles include Fixed Income Portfolio Manager, Asset Manager, and Mutual Fund Accountant.

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Federal data: BLS Occupational Employment & Wage Statistics (May 2024) Β· BLS Employment Projections Β· O*NET OnLine
Truest editorial: Fit check, role profile, things that vary, advancement analysis, lateral moves, interview questions.