Portfolio Manager - Alternative Careers and Similar Jobs (Updated for 2024) (2024)

FAQs

Portfolio Manager - Alternative Careers and Similar Jobs (Updated for 2024)? ›

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.

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.

Portfolio Manager salary in India ranges between ₹ 3.0 Lakhs to ₹ 35.1 Lakhs with an average annual salary of ₹ 12.3 Lakhs. Salary estimates are based on 3k latest salaries received from Portfolio Managers.

The future of strategic portfolio management in 2024 is characterised by a heightened reliance on advanced analytics, AI, agile planning, robust financial management, efficient capacity planning, and comprehensive risk management, all while integrating sustainability into core strategies.

It's fair to say that portfolio management is not a young person's game and is dominated by veterans, most of whom are men. To that point, of the 15,000 portfolio managers tracked by Citywire, the average age is 49 and 89 percent are men.

Key Takeaways

The average annual base salary for a portfolio manager in the U.S., as of December 2023, was $128,350, according to Glassdoor.

Long hours, intense competition, divorce, stress, and even substance abuse – these are some of the issues that can typically affect portfolio managers.

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.

Portfolio managers typically begin their careers as financial analysts. Though not required, most portfolio managers hold master's degrees in finance, business administration, economics or another numbers-oriented field.

What is the work life of a portfolio manager? ›

Although a day in the life a portfolio manager is diverse, one constant is checking the status of the financial markets and staying on top of current events. A portfolio manager will meet regularly with the team of analysts to discuss market developments and the trends of relevant current events.

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.

Difficulties in Client Portfolio Management

Changes in economic conditions: Economic and market conditions impact asset returns, requiring adaptability in investment strategy. Proper diversification: Achieving optimal diversification can be challenging, requiring in-depth analysis and specialized knowledge.

So far, in 2024, the job market has been getting tougher. Layoffs are up, wage growth is slowing down, and unemployment has ticked up to 3.9%.

Portfolio managers make decisions at a higher-level than project managers, and take into account the priority level, strategic alignment, and availability of company resources for each project.

Management tenure is the length of time that an investment manager has been at the helm of an investment fund. A long-term fund performance record, preferably of five to 10 years, is thought to be a key indicator of a fund manager's investing ability and the fund's future success.

What is the Job Outlook For This Career? Employment for all financial analysts, a field that includes portfolio managers, is projected to increase 6% from 2020-2030, which is lower than the 8% increase projected across all other industries, according to the BLS.