Mutual Fund Portfolio Managers
Mutual funds are investment pools of common stocks, bonds, cash, or a combination of all three. They are sold to the public through the sale of shares representing an ownership interest. Portfolio managers oversee mutual funds using active or passive management strategies, with an overall goal of earning strong returns for investors and profits for their employer. In 2018, nearly 45 percent of U.S. households owned U.S.-registered mutual funds, with a median of four mutual funds owned per household, as reported in the 2019 Investmen...
Minimum Education Level
In 2019, portfolio managers earned salaries that ranged from $99,750 to $189,750, according to Robert Half’s 2020 Salary Guide: Accounting and Finance. Managers at top funds can earn more than $500,000 a year.
PayScale.com reports that portfolio managers in all financial sectors earned salaries that ranged from $53,000 to $168,000 in March 2020, with bonuses ranging from $2,000 ...
Portfolio managers work full time and some work more than 40 hours per week. Some companies offer better hours and provide good work/life benefits. Some financial companies offer flexible work schedules, compressed work weeks, a telecommuting option, and other programs
At large companies, the portfolio manager is assisted by a team of analysts, researchers, traders, and office staff. At ...
Opportunities will be good for experienced, highly skilled portfolio managers who continuously generate strong returns for the fund(s) they manage. Employment for financial analysts (including portfolio managers) is expected to grow by 6 percent through 2028, about as fast ast the average. The DOL reports that “a growing range of financial products and the need for in-depth knowledge of geograp...