The salary range of program managers is dependent on the industry that they are working in, as these jobs are not limited to just one sector. In this article, we…
Portfolio Manager Salary
Are you looking for information on the salary trends for portfolio managers? Read through this article to find out more.
Managing the routine portfolio trading, sifting through pertinent information, and using his sagacity to purchase and sell securities; these are all part of a portfolio manager’s job. They go through reports, interact with managers, scrutinize companies as well as industries, and understand economic trends for stock trading, in order to recognize the correct time and company to invest in. If you have decided to maximize the career opportunities in this field, there is one thing you should know. Their job is indeed an important one, for it is their recommendations that would be considered when one invests in securities.
Decisions about investment policies, interlinking investments and objectives, and maintaining a balance between risk, business management, and performance – portfolio management is all about the evaluation of a company’s strengths, weaknesses, threats, and opportunities, in order to make the most of the returns. They preside over a group of financial analysts, and usually report to the company’s top executives.
Portfolio managers earn a fairly attractive remuneration for their management skills, on an annual basis. In accordance with the data from the Bureau of Labor Statistics, the average salary, excluding bonuses, lies well between USD 54,000 to USD 99,100. While the lowest salary that was recorded was approximately USD 43,000 in 2008, the highest figure lied somewhere around USD 140,000 annually.
It might not really astonish you that when one gains considerable experience, the salary figures kick up a notch. While the average salary for associate managers recorded as of the year 2010 was USD 96,000 annually, a senior manager drew approximately USD 149,000 for the same period.
A financial aspirant looking forward to enter this field must hold a master’s degree, preferably an MBA, in finance. Many companies, however, hire managers on the basis of just a bachelor’s degree in business, accountancy, statistics, or economics. Advanced courses in financial management and risk management are desirable. An aspirant must be well-versed with mathematics, analysis, and problem-solving, which are considered essential. What’s more, good communication skills and willingness to work with multiple clients at the same time are a must-have. It is then that one can excel in this role.
This job involves a lot of analytical thinking. Stock markets, bonds, and commodities are essential areas that one needs to be thorough with. However, if one is geared up for hard work, the sky is the limit when it comes to monetary benefits and bonuses.