Private Banking & Wealth Mgmt · VP
Portfolio Administration Manager Salary
Compensation benchmarks from 255 verified sources including industry surveys, published reports, and market intelligence.
National Compensation Range
P25
$90,000
25th percentile
P50
$120,000
Median
P75
$150,000
75th percentile
CANDIDATE MARKET
Competitive
Scarcity: 4/10
EST. CANDIDATE POOL
60-150
Active candidates nationally
DEMAND TREND
Stable
2% year-over-year
RETENTION
4 yr avg tenure
16% annual turnover
Portfolio Administration Manager Salary by City
Median (P50) adjusted for metro cost of labor.
Market Trends
Automation of reconciliation, settlement, and reporting. Multi-custodian portfolio aggregation growing. Real-time reporting expectations from UHNW clients.
Also Known As
Investment Operations Manager – PB, Portfolio Operations Specialist, Wealth Operations Manager
What Does a Portfolio Administration Manager Do?
The Portfolio Administration Manager operates within private banks, wealth management firms, and trust companies, serving high-net-worth and ultra-high-net-worth clients with investment advisory, estate planning, and banking services. Professionals in this role typically bring 4 to 8 years of relevant experience. Classified at the VP level, this position draws from a competitive candidate pool, though specialized qualifications and sector-specific experience remain key differentiators in hiring.
What Drives Portfolio Administration Manager Compensation?
The median (P50) compensation for a Portfolio Administration Manager is $120,000, with the 25th to 75th percentile range spanning $90,000 to $150,000. The 49% spread between P25 and P75 reflects significant pay variation driven by book size and client AUM, revenue generated, client segment (HNW vs. UHNW), product complexity, regulatory licensing, and the firm's compensation model (salary + bonus vs. revenue share). Demand is holding stable, with compensation levels expected to track broader market adjustments.
Portfolio Administration Manager Career Path
Professionals who move into Portfolio Administration Manager roles most commonly come from institutional banking, financial advisory, trust and estate law, investment management, or family office operations. From this position, the typical trajectory leads toward managing director and market head positions, regional leadership, or transitioning to independent RIA or multi-family office platforms. The average tenure in this role is approximately 4 years, with an annual turnover rate of 16%.
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