Portfolio Manager Demographics and Statistics [2024]: Number Of Portfolio Managers In The US (2024)

FAQs

How many portfolio managers are there in the US? ›

There are over 16,071 portfolio managers currently employed in the United States. 33.4% of all portfolio managers are women, while 66.6% are men. The average portfolio manager age is 45 years old.

The average manager age is 44 years old. The most common ethnicity of managers is White (67.0%), followed by Hispanic or Latino (15.5%), Asian (6.4%) and Black or African American (6.3%). In 2022, women earned 89% of what men earned.

Managers are 86.2% white, 5.9% black, 4.6% Hispanic, and 2.4% Asian. Frontline workers are 60.1% white, 15.1% black, 13.2% Hispanic, and 9.8% Asian. Note.

The workforce of Management occupations in 2022 was 16,408,530 people, with 42.5% woman, and 57.5% men. The average age of male Management occupations in the workforce is 46.3 and of female Management occupations is 44.2, and the most common race/ethnicity for Management occupations is White.

Global Project Portfolio Management Market:

The global project portfolio management market size reached US$ 6.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.6 Billion by 2032, exhibiting a growth rate (CAGR) of 9.13% during 2024-2032.

The main demographic variables that should be considered when segmenting an audience are age, gender, income, education/occupation, and family structure.

And yet, at the time of the story, 17.6 percent of the U.S. workforce (and 30 percent of the workforce's compensation) was made up of managers and administrators—an alarming statistic that shows how bloated America's management ranks had become.

In 2022, 73.2% of the Financial managers workforce were White, of which 54.7% were women and 45.3% men. Other races that concentrated a significant number of workers were Black (8.35%) and Asian (7.83%).

Compensation spans a huge range at this level because it's linked almost 100% to performance. We gave a range of $500K to $3 million USD in the hedge fund career path article for the “average” PM, with median pay in the high-six-figure-to-low-seven-figure range.

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.

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.

The researchers explain that whereas in 2012, just 34% of employees had a manager who was younger than them, this had leaped to 40% by 2020. They also explain that the average age of managers in the United States is 45, which is younger than around half of the people they manage.

In 2024, 70 percent U.S. nonprofit organizations had white CEOs. This was significantly more than any other race or ethnicity, with Black/African American/African CEOs being the second-most represented racial identity among nonprofit CEOs in the U.S., making up around 15 percent in 2024.

In fact, research from CEB Global shows that 60% of new managers fail within their first 24 months in the role. This statistic is staggering, and the consequences of these failures reverberate throughout the organization, often with long-lasting impact.

There are currently an estimated 792,600 financial managers in the United States.

Financial Advisors in the U.S. Overview. Financial advisors are professionals who help clients manage their finances. According to the latest U.S. Bureau of Labor Statistics (BLS) data, there are around 330,300 financial advisors employed in the country.

As a result, the percentage of actively-managed mutual funds that outperform the S&P 500 in any given year is only around 40%. And very few can consistently beat the market by enough every year to come out ahead in the long run.