Portfolio Manager Jobs in Cleveland, OH
About Portfolio Manager Jobs in Cleveland
Looking for a Portfolio Manager job in Cleveland? You're in the right place. This guide covers everything you need to know about working as a Portfolio Manager in Cleveland, OH.
We'll show you what you can expect to earn. We'll also share which companies are hiring. Plus, you'll learn about the cost of living and how to get started in your job search.
Cleveland has a strong job market for Portfolio Managers. Many employers are actively looking for talent. Read on to learn how to land your next role.
Portfolio Manager Salary in Cleveland
Portfolio Manager salaries in Cleveland are 12% below the national average, though the lower cost of living often provides similar purchasing power.
Purchasing power in Cleveland is comparable to the national average, with salaries appropriately scaled to local costs.
Required Skills
Portfolio Manager Job Market in Cleveland
Cleveland, OH is a major regional employment hub for Portfolio Manager professionals. Though smaller than coastal metros, Cleveland offers focused opportunities and often better work-life balance. The city's strong Healthcare and Manufacturing sectors create robust demand for Portfolio Manager talent. The market for Portfolio Manager positions remains stable, with opportunities in both established companies and growing organizations.
Top Companies Hiring Portfolio Managers in Cleveland
Major employers hiring Portfolio Managers in Cleveland include KeyBank, Progressive, Sherwin-Williams, Parker Hannifin. The strong financial services presence creates consistent demand for experienced Portfolio Manager professionals, with competitive compensation packages. Many companies offer competitive benefits including comprehensive healthcare, and professional development opportunities.
Cost of Living for Portfolio Managers in Cleveland
Living in Cleveland as a Portfolio Manager means navigating a cost of living that's below the national average, making it an attractive option for budget-conscious professionals. Average rent for a 1-bedroom apartment is approximately $1,100/month (39% below the national average). At median Portfolio Manager salary, housing is quite affordable at 10% of gross income, leaving room for savings and lifestyle spending.
Commuting as a Portfolio Manager in Cleveland
Cleveland Limited public transit options; car recommended for most commutes. The average commute time is 25 minutes. Research employer-specific shuttle services. Consider living close to your workplace. Since transit options are limited, consider living close to your workplace or negotiating flexible hours to avoid peak traffic.
Best neighborhoods for Portfolio Managers in Cleveland: Downtown (Central business district with tech companies); Tech Park/Campus (Suburban office park developments). Downtown is particularly popular among Portfolio Manager professionals due to proximity to major employers and urban amenities.
Tax Considerations in Ohio
Ohio has moderate state income taxes. When evaluating offers, consider total compensation including benefits, not just base salary. Local cost of living typically has more impact on your finances than state tax differences.
Career Outlook for Portfolio Managers
The job outlook for Portfolio Managers in Cleveland is stable. While not experiencing rapid growth, the field maintains steady demand with consistent opportunities for qualified professionals. Cleveland's growing economy creates new positions regularly, often with less competition than coastal tech hubs. In-demand skills include Investment Analysis, Portfolio Management, Risk Management, Financial Markets.
Relocating to Cleveland
Cleveland's affordable cost of living means your Portfolio Manager salary will stretch further than in major coastal cities. Many professionals relocate here for better quality of life.
Frequently Asked Questions
What is the average Portfolio Manager salary in Cleveland, OH?
The average Portfolio Manager salary in Cleveland, OH is $132,000 per year. Entry-level Portfolio Managers typically start around $74,800, while experienced professionals can earn $202,400 or more. The national average for Portfolio Manager roles is $150,000.
How many Portfolio Manager jobs are available in Cleveland?
Cleveland has a strong job market with regular openings for Portfolio Manager professionals. Major employers hiring Portfolio Managers include KeyBank, Progressive, Sherwin-Williams, Parker Hannifin. The Healthcare and Manufacturing sectors drive much of the demand in this market.
Is Cleveland a good city for Portfolio Managers?
Cleveland is an very good choice for Portfolio Managers. As a major metro area, it offers abundant opportunities and competitive salaries. The affordable cost of living means salaries go further than in more expensive markets. The city's healthcare industry creates strong demand for finance & accounting professionals.
What skills are most in-demand for Portfolio Managers in Cleveland?
Top skills for Portfolio Managers in Cleveland include Investment Analysis, Portfolio Management, Risk Management, Financial Markets, Client Relations. Employers value both technical expertise and soft skills like communication and teamwork.
What is the cost of living for Portfolio Managers in Cleveland?
Cleveland's cost of living is below the national average (88% of baseline). Average rent for a 1-bedroom apartment is approximately $1,100/month. Purchasing power in Cleveland is comparable to the national average, with salaries appropriately scaled to local costs.
How is the commute for Portfolio Managers in Cleveland?
Cleveland Limited public transit options; car recommended for most commutes. The average commute is 25 minutes. Research employer-specific shuttle services.
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