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Portfolio managers in Canada play a critical role in managing investments for individuals and institutions. Their expertise and strategic decisions can significantly impact financial returns. The salary for a portfolio manager in Canada can vary widely depending on factors such as experience, qualification, location, and the size and complexity of the portfolios they manage. If you want to understand the salary structure of a portfolio manager, in this complete article we have included the detailed salary structure with the different factors.
This Blog Includes:
- Portfolio Manager Salary in Canada
- Portfolio Manager Salary in Canada Based On Experience Level
- Portfolio Manager Salary in Canada Based On Education Level
- Portfolio Manager Salary in Canada Based On Organisation
- Portfolio Manager Salary in Canada Based On Cities
- Portfolio Manager Salary in Canada Based On Positions
- FAQs
Portfolio Manager Salary in Canada
Portfolio managers in Canada earn an average annual salary of 223,700 CAD, which translates to an average monthly income of 18,641 CAD. However, salaries can vary significantly depending on experience, qualifications, and location. The lowest annual salary for a portfolio manager in Canada is 118,900 CAD or 9,908 CAD per month. On the other hand, the highest earners in this field can command salaries as high as 340,500 CAD per year, or 28,375 CAD per month.
Here you can read about the Average Salary in Canada & Top Job Opportunities in 2024
Portfolio Manager Salary in Canada Based On Experience Level
More experienced portfolio managers with a high level of education can, of course, command a higher salary. Here we have added the portfolio manager’s salary in Canada based on their increasing year of experience:
| Experience Level | Average Salary Per Year |
| 0-2 Years | CAD 137,100 |
| 2-5 Years | CAD 166,600 |
| 5-10 Years | CAD 235,300 |
| 10-15 Years | CAD 276,200 |
| 15-20 Years | CAD 303,600 |
| 20+ Years | CAD 320,500 |
Portfolio Manager Salary in Canada Based On Education Level
A portfolio manager may be paid more depending on their degree, years of experience, and possession of the necessary licenses and certifications from groups such as the Canadian Securities Institute (CSI). Here, along with their remuneration, is the educational background of a portfolio manager:
| Education Level | Average Salary Per Year |
| High School | CAD 163,800 |
| Certificate or Diploma | CAD 185,900 |
| Bachelor’s Degree | CAD 245,600 |
| Master’s Degree | CAD 320,500 |
Here is all about you can Explore The Highest Paid Part-Time Jobs in Canada
Portfolio Manager Salary in Canada Based On Organisation
Salary levels for larger financial institutions, such as banks, brokerage houses, and investment houses, will always be greater than for smaller businesses. The following is a list of some large corporations that offer competitive remuneration packages:
| Organisation | Average Salary Per Year |
| Alpha Group | CAD 144,238 |
| CPP Investments | CAD 480,867 |
| Scotiabank | CAD 84,925 |
| Capgemini | CAD 145,806 |
| Southern Glazer’s Wine & Spirits | CAD 95,875 |
| BMO Financial Group | CAD 107,937 |
| CIBC | CAD 187,857 |
| Wealthsimple | CAD 112,827 |
| Optimize Wealth Management | CAD 151,213 |
| CIBC Mellon | CAD 51,635 |
| RBC | CAD 128,028 |
| Ontario Teachers’ Pension Plan | CAD 354,485 |
| Ontario Ministry of Government Services | CAD 110,625 |
| Mark Anthony Group | CAD 116,521 |
Portfolio Manager Salary in Canada Based On Cities
A portfolio manager is probably going to earn more money if they work in a big city or state that has a financial district. Due to a variety of additional factors, such as the cost of living and the health of the labor market, salaries can differ from state to state. The top Canadian cities that offer portfolio managers a competitive compensation package are listed below:
| Cities | Average Salary Per Year |
| Halifax | CAD 229,000 |
| itchener | CAD 236,700 |
| Brampton | CAD 243,000 |
| Winnipeg | CAD 245,400 |
| Windsor | CAD 216,600 |
| Vaughan | CAD 212,500 |
| Vancouver | CAD 254,400 |
| Toronto | CAD 255,000 |
| Surrey | CAD 241,000 |
| Saskatoon | CAD 218,500 |
| Richmond | CAD 216,300 |
| Regina | CAD 222,700 |
| Calgary | CAD 259,700 |
| Edmonton | CAD 241,000 |
| Gatineau | CAD 206,700 |
| Hamilton | CAD 238,300 |
| Quebec | CAD 232,500 |
| Ottawa | CAD 252,400 |
| Montreal | CAD 266,300 |
| Mississauga | CAD 236,700 |
| Markham | CAD 229,600 |
Portfolio Manager Salary in Canada Based On Positions
The salary of a Portfolio Manager in Canada can vary significantly based on several factors, including experience, location, specialization, and the size and type of the firm. Here’s a general breakdown of potential salary ranges for different positions:
| Positions | Average Salary Per Year |
| Investment-Analyst | CAD 72,534 |
| Assistant Portfolio Manager | CAD 69,548 |
| Equity Analyst | CAD 98,607 |
| Associate Portfolio Manager | CAD 102,844 |
| Financial Analyst | CAD 120,400 |
| Risk Manager | CAD 127,742 |
| Branch Manager | CAD 85,400 |
| Financial Advisor | CAD 88,324 |
| Account Executive | CAD 120,102 |
| Account Manager | CAD 120,109 |
Check here to learn How To Get Part Time Jobs in Montreal
FAQs
It can be necessary to have an MBA with a financial specialization or a master’s degree in finance. The CFA credential, which can be obtained through the CFA Institute’s curriculum, or any other approved financial designation (such as CFP, CIM, or others), is typically necessary.
A profession in investment management may be taxing and stressful, requiring long hours and a large amount of daily time spent researching the markets.
Additionally in great demand are portfolio managers. According to the BLS, there will be a 16% increase in financial management jobs between 2022 and 2032. Compared to the 3% growth that is anticipated for all jobs over that time, this pace is substantially higher.
This was all about the brief information on Portfolio Manager Salary in Canada. If you are interested in knowing about more such rewarding professions with their detailed salary structure, follow Leverage Edu and Jobs Abroad.
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