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Discretionary Portfolio Manager Jobs (NOW HIRING)

BNY

Associate Portfolio Manager

Newport Beach, CA · On-site

$71K - $104K/yr

In this role, you'll make an impact in the following ways: * Assist Portfolio Managers in more ... discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit ...

Scout Group LLC

Portfolio Manager

Jersey City, NJ

$250K/yr

The Role We are seeking an experienced Portfolio Manager to join our team and deploy capital across ... Develop, implement, and refine systematic and/or discretionary trading strategies * Generate ...

PIMCO

Portfolio Manager

Newport Beach, CA · On-site

We are expanding our Quantitative Portfolio Management team and seeking an experienced Quant / PM ... The discretionary bonus is used to award performance and therefore is determined by company ...

PIMCO

Portfolio Manager

Newport Beach, CA · On-site

We are expanding our Quantitative Portfolio Management team and seeking an experienced Quant / PM ... The discretionary bonus is used to award performance and therefore is determined by company ...

Atlantic Union Bank

Wealth Portfolio Manager

Glen Allen, VA · On-site

$30.12 - $50.24/hr

The Portfolio Manager is responsible for managing portfolios for an assigned book of business and ... discretionary profit sharing bonus program. General information on our comprehensive benefits ...

BlackRock

Associate, Portfolio Manager

Sausalito, CA · On-site

Our portfolio managers work with leading-edge portfolio risk and optimization technologies. Ideal ... Additionally, employees are eligible for an annual discretionary bonus, and benefits including ...

BlackRock

Associate, Portfolio Manager

Atlanta, GA · On-site

Our portfolio managers work with leading-edge portfolio risk and optimization technologies. Ideal ... Additionally, employees are eligible for an annual discretionary bonus, and benefits including ...

cathaybank

AVP, Portfolio Manager

El Monte, CA · On-site

$70K - $95K/yr

GENERAL SUMMARY Portfolio Manager ("PM") is responsible for maintaining and monitoring existing ... This position may be eligible for a discretionary bonus.

cathaybank

AVP, Portfolio Manager

El Monte, CA · On-site

$70K - $95K/yr

GENERAL SUMMARY Portfolio Manager ("PM") is responsible for maintaining and monitoring existing ... This position may be eligible for a discretionary bonus.

Axos Bank

VP, Portfolio Manager

San Diego, CA · On-site

$135K - $150K/yr

Eligible for an Annual Discretionary Cash Bonus Target: 10% Eligible for an Annual Discretionary ... About This Job The VP, Portfolio Manager will be responsible for the ongoing monitoring, risk ...

Axos Bank

VP, Portfolio Manager

San Diego, CA · On-site +1

$135K - $150K/yr

Eligible for an Annual Discretionary Cash Bonus Target: 10% Eligible for an Annual Discretionary ... About This Job The VP, Portfolio Manager will be responsible for the ongoing monitoring, risk ...

Rolls Royce

Sr. Portfolio Manager

Mankato, MN · On-site

$114K - $185K/yr

The Portfolio Manager is responsible to analyze and benchmark customer projects and program ... and a discretionary bonus plan. Eligible employees may have the opportunity to enroll in other ...

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Discretionary Portfolio Manager information

See salary details

$37K

$100.5K

$187.5K

How much do discretionary portfolio manager jobs pay per year?

As of Jun 28, 2026, the average yearly pay for discretionary portfolio manager in the United States is $100,458.00, according to ZipRecruiter salary data. Most workers in this role earn between $65,500.00 and $130,000.00 per year, depending on experience, location, and employer.

What is the difference between Discretionary Portfolio Manager vs Non-Discretionary Portfolio Manager?

AspectDiscretionary Portfolio ManagerNon-Discretionary Portfolio Manager
Decision AuthorityHas full authority to make investment decisions on behalf of clientsProvides recommendations; clients make final decisions
CertificationsTypically holds CFA or CFP certificationsOften holds similar certifications but may have less decision-making authority
Work EnvironmentWorks directly with clients and manages portfolios independentlyWorks alongside clients, advising but not executing trades without client approval
Industry UsageCommon in wealth management and private bankingCommon in advisory roles and financial planning

Discretionary Portfolio Managers have full authority to manage client portfolios without prior approval, while Non-Discretionary Portfolio Managers provide advice and recommendations, leaving the final decision to the client. Both roles often require similar credentials but differ in decision-making power and work approach.

What is a Discretionary Portfolio Manager?

A Discretionary Portfolio Manager is a financial professional who manages investment portfolios on behalf of clients, making buy and sell decisions without requiring prior client approval for each transaction. They operate under a discretionary mandate, which allows them to act quickly and efficiently in response to market conditions. Their main goal is to achieve the client’s investment objectives while adhering to agreed-upon risk parameters and strategies. Discretionary portfolio managers typically work for asset management firms, private banks, or wealth management companies.

What are the key skills and qualifications needed to thrive as a Discretionary Portfolio Manager, and why are they important?

To thrive as a Discretionary Portfolio Manager, you need strong analytical skills, investment knowledge, and typically a relevant degree such as finance, economics, or CFA certification. Familiarity with portfolio management software, trading platforms, and risk analysis tools is essential. Excellent communication, decision-making, and client relationship skills help you build trust and explain complex strategies clearly. These abilities are important to optimize clients’ investment outcomes while maintaining compliance and adapting to changing market conditions.

How does a Discretionary Portfolio Manager typically interact with clients and internal teams to ensure investment objectives are met?

A Discretionary Portfolio Manager frequently collaborates with both clients and internal teams such as analysts, traders, and compliance officers. While they have autonomy in day-to-day investment decisions, they maintain regular communication with clients to clarify objectives, risk tolerance, and performance expectations. Internally, they rely on research and market insights provided by analysts and work closely with traders to execute strategies efficiently. This collaborative approach helps align portfolio management with client goals and regulatory standards, ensuring the portfolio remains on track.
Infographic showing various Discretionary Portfolio Manager job openings in the United States as of June 2026, with employment types broken down into 98% Full Time, 1% Part Time, and 1% Contract. Highlights an 90% Physical, 5% Hybrid, and 5% Remote job distribution, with an average salary of $100,458 per year, or $48.3 per hour.