Portfolio Manager Severance Pay: 2026 Guide
Portfolio Managers typically receive 6-24 weeks per year of service. Calculate your estimated package below.
Free Severance Pay Calculator
Estimate your severance package based on your salary, years of service, and industry
Typical Portfolio Manager Severance Range
Portfolio managers at hedge funds, asset managers, and banks often receive the most generous severance in finance, reflecting their P&L responsibility and client relationships. Severance is typically individually negotiated and can range from 6 months to 2+ years. Deferred compensation, carried interest, and non-compete clause considerations dominate negotiations.
Based on $200,000 average salary, 5 years of service
How Portfolio Manager Compares to Finance & Banking Average
Top Companies Hiring Portfolio Managers
Severance packages at major employers for portfolio manager roles:
| Company | Severance Formula | Rating |
|---|---|---|
| Goldman Sachs | Typically 1-2 months per year of service; MDs get more | Generous |
| Morgan Stanley | 2 weeks per year (similar to JPMorgan structure) | Standard |
| JPMorgan Chase | 2 weeks per year of service (minimum 4 weeks, maximum 26 weeks) | Standard |
| Wells Fargo | 2 weeks per year of service + transition benefits | Standard |
| Visa | Generous packages relative to fintech peers | Generous |
Portfolio Manager Severance After Tax by State
Top states for portfolio manager roles. Same package, different take-home.
| State | State Tax | Total Tax | After-Tax (on $230,769) |
|---|---|---|---|
| New York | 10.9% | 32.9% | $154,846 |
| Connecticut | 7.0% | 29.0% | $163,869 |
| Massachusetts | 9.0% | 31.0% | $159,231 |
| Illinois | 5.0% | 27.0% | $168,577 |
| California | 12.3% | 34.3% | $151,615 |
Negotiating Portfolio Manager Severance
Role-specific strategies for portfolio manager severance negotiation:
- ✓Your severance should reflect your AUM responsibility — negotiate based on P&L contribution
- ✓Push for complete deferred compensation acceleration and carried interest vesting
- ✓Negotiate non-compete duration reduction — 6 months max, or geographic limitations
- ✓Ask for client portability or referral fee arrangements for relationships you built
Think Your Severance Is Too Low?
Employment lawyers have helped workers negotiate 2-5x their original offers. Get a free consultation.
Portfolio Manager Severance FAQ
How much severance does a portfolio manager typically get?▼
Portfolio Managers typically receive 6-24 weeks of pay per year of service. With an average salary of $200,000, a portfolio manager with 5 years of service would typically receive $230,769 (before tax).
Can a portfolio manager negotiate their severance?▼
Absolutely. Portfolio Manager severance packages are almost always negotiable. An employment lawyer experienced in finance & banking can typically negotiate 2-5x the initial offer. Focus on role-specific benefits like your severance should reflect your aum responsibility — negotiate based on p&l contribution.
What should a portfolio manager prioritize in severance?▼
Beyond cash, portfolio managers should prioritize: extended health coverage (COBRA costs $600-2,000/month), equity/stock acceleration, outplacement services, and a positive written reference. For finance & banking roles specifically, also focus on professional certification maintenance and industry-specific benefits.
Related Roles
📋 Free Severance Negotiation Checklist
The exact steps employment lawyers use to negotiate higher severance. Used by 10,000+ employees.