What is the average salary for a fixed income portfolio manager? (2024)

What is the average salary for a fixed income portfolio manager?

As of Feb 5, 2024, the average annual pay for a Fixed Income Portfolio Manager in the United States is $100,458 a year. Just in case you need a simple salary calculator, that works out to be approximately $48.30 an hour. This is the equivalent of $1,931/week or $8,371/month.

How much do fixed income portfolio managers make?

As of Feb 5, 2024, the average annual pay for a Fixed Income Portfolio Manager in the United States is $100,458 a year. Just in case you need a simple salary calculator, that works out to be approximately $48.30 an hour. This is the equivalent of $1,931/week or $8,371/month.

How much does Fidelity pay fixed income portfolio manager?

$196K (Median Total Pay)

The estimated total pay range for a Portfolio Manager at Fidelity Investments is $149K–$262K per year, which includes base salary and additional pay. The average Portfolio Manager base salary at Fidelity Investments is $130K per year.

What is the average income of a portfolio manager?

Portfolio Manager Salary
Annual SalaryMonthly Pay
Top Earners$153,500$12,791
75th Percentile$130,000$10,833
25th Percentile$65,500$5,458

What does a fixed income portfolio manager do?

Individual loans or fixed-income obligations may be bundled into a pool of assets supporting such instruments as asset-backed securities and covered bonds. Fixed-income portfolio managers combine these diverse instruments across issuers, maturities, and jurisdictions to meet the various needs of investors.

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 ₹ 12.1 Lakhs. Salary estimates are based on 3k latest salaries received from Portfolio Managers.

Are portfolio managers wealthy?

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

What is the highest paying job at Fidelity?

Highest paying jobs at Fidelity Investments
RankJob TitleHourly Rate
3Principal Software Engineer$47.89
4Management Consultant$47.25
16 more rows

How much does fidelity charge to manage a portfolio?

Portfolio Advisory Services – This wealth management account requires a $50,000 minimum. The fee for $50,000 to $250,000 invested is 1.1% per year. Investments of more than $250,000 range from advisory fees of 0.5% to 1.5% per year.

How much do portfolio managers make at top hedge funds?

Hedge Fund Salary Guide
Total compensationTitleOther notes by @rumplestiltskin
$3,000,000 - $10,000,000Portfolio ManagerAverage tenured PM without scale.
> $10,000,000Senior Portfolio ManagerSenior PM with scale and capable of putting up over $50,000,000 net.
8 more rows
Oct 6, 2023

Is a portfolio manager a stressful job?

Answer and Explanation: There is no comparison of stress among investment bankers and portfolio managers, and both perform highly stressful tasks. A portfolio manager is much responsible for managing the client's investments. The main motive of a portfolio manager is to increase the wealth of their clients.

How many hours do portfolio managers work?

Many PMs work around 60 hours per week (or more), but they're “on call” all the time because the markets are always moving, and potential crises are always waiting.

How much does a fixed income portfolio manager make in NYC?

The estimated total pay for a Fixed Income Portfolio Manager is $259,758 per year in the New York City, NY area, with an average salary of $164,166 per year.

What is the lifestyle of a portfolio manager?

Long hours, intense competition, divorce, stress, and even substance abuse – these are some of the issues that can typically affect portfolio managers. In the office, they face volatile global markets, increased regulation, and client demands; outside, they're expected to be reliable spouses and good parents.

Can portfolio managers work from home?

You typically work with wealthy individuals who have a portfolio or an asset account. You work from home to research the market adequately and analyze trends with statistical analysis. The position requires you to foster each client relationship to build a keen sense of trust.

How many years does it take 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.

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.

What is higher than Portfolio Manager?

The portfolio manager track can lead to management positions with broader responsibilities, such as a managing director or head of portfolio management.

What is the minimum net worth for a Portfolio Manager?

The portfolio management company must have a net worth of at least Rs. 5 crore. The portfolio management company must have a clause in their MoA (Memorandum of Agreement) that the company can undertake PMS business.

Is Warren Buffett a portfolio manager?

He doesn't “manage the portfolio”. Warren looks for good companies. He investigates them thoroughly. He finds good management teams who are doing good work and have a strong future.

Do you need an MBA to be a portfolio manager?

Background of Portfolio Managers

An MBA degree, in addition to an undergraduate degree, is borderline essential. Private investment firms or investment banks look favorably on time spent studying risk management, accounting, and finance. Some master's programs offer stock-market-specific courses.

Do portfolio managers make millions?

For instance, the average mutual fund portfolio manager expected to earn $1.37 million this year — just shy of the $1.42 million reported by their hedge fund counterparts. Last year, mutual fund portfolio managers said they earned $938,955 on average, all in.

Does Fidelity give annual bonuses?

The annual bonus is a percentage of base salary, determined through a manager assessment which takes into consideration the representative's performance related to client and organizational business objectives.

Why is Fidelity hiring so much?

Fidelity Investments pulls out stops on perks to raise headcount by 7,000 -- by hiring 9,000 -- to shrug off labor shortages, escalating wages and call center attrition. Abby Johnson: 'Our financial strength and stability allow us to make significant investments in our businesses. '

How much do Fidelity Investments executives make?

The estimated total pay for a Chief Executive Officer at Fidelity Investments is $445,901 per year. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The estimated base pay is $240,254 per year.


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