As of May 01, 2026, the average salary for a Portfolio Manager II in the United States is $83,443 per year, which breaks down to an hourly rate of $40.
However, a Portfolio Manager II's salary can vary significantly. Here’s a look at the typical salary range:
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A Portfolio Manager II's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.
Experience is a primary driver of a Portfolio Manager II's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Portfolio Manager II | 2-4 years | $83,443 |
| Portfolio Manager II | 4-7 years | $114,839 |
| Portfolio Manager III | 7+ years | $153,185 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Portfolio Manager IIs. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 11.4% |
| Due Diligence | 1.77% |
| Diversity and Inclusion | 1.1% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Employment Authorization
|
$112,648 |
35%
|
|
Mergers and Acquisitions
|
$90,953 |
9%
|
|
Investment Management
|
$89,284 |
7%
|
|
Consulting
|
$89,284 |
7%
|
|
Risk Management
|
$88,450 |
6%
|
|
Leadership
|
$88,450 |
6%
|
Your level of education can impact your salary potential. While many Portfolio Manager IIs enter the field with a No Diploma degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Portfolio Manager II with a No Diploma is between $80,299 and $87,635).
Portfolio Manager II Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 1.7% |
| High School | 49.2% |
| Associates | 49.2% |
| Bachelors | 49.2% |
| Masters | 49.2% |
| Doctorate | 0.0% |
Understanding how a Portfolio Manager II's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on May 01, 2026For a Portfolio Manager II, the most direct path to higher earnings is advancing to the Portfolio Manager III role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $114,839 - a projected growth of 38% over your current level.
Salaries for a Portfolio Manager II can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $83,336 in 2023 to around $82,399 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Portfolio Manager II salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $83,336 |
| 2024 | $82,974 |
| 2025 | $82,399 |
| 2026 |
View More
|
| 2027 |
View More
|
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A Portfolio Manager II's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Portfolio Manager II earns the most in San Jose, CA, where the annual salary of a Portfolio Manager II is $105,247.
The highest pay for Portfolio Manager II is $94,302.
The lowest pay for Portfolio Manager II is $61,190.
Manages investment portfolios on behalf of clients or institutions to achieve specified financial objectives. Implements investment strategies based on market analysis, risk tolerance, and client goals. Selects and monitors securities, including equities, bonds, fixed income, and alternative investments, to optimize portfolio performance. Conducts ongoing research and analysis of market trends, economic conditions, and asset classes. Communicates portfolio performance and strategy updates to clients and stakeholders. Ensures compliance with investment policies, regulations, and fiduciary standards. Requires a bachelor's degree. Typically requires passing of the FINRA SIE and Series 79 Exam. Typically reports to a manager. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2-4 years of related experience.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
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