Portfolio Manager Jobs in California
Portfolio Manager jobs in California are among the most active in the country, with strong demand from entry-level analysts to senior portfolio strategists concentrated in investment management, wealth advisory, real estate, and technology-sector corporate treasury. The largest hiring markets are Los Angeles, San Francisco, and San Diego, where firms like Pacific Investment Management Company, Wells Fargo, and BlackRock maintain significant California operations. The most in-demand specialties include equity portfolio management, fixed income, and multi-asset strategies. Find a role that fits below and apply directly.
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Job Posting: Associate Portfolio Manager - Direct Investments
State Teachers' Retirement System
ASSOCIATE PORTFOLIO MANAGER
$12,667.00 - $19,000.00 per Month
New to State candidates will be hired into the minimum salary of the classification or minimum of alternate range when applicable.
Final Filing Date: 11/9/2026
Job Description and Duties
This position is eligible for incentive compensation and has a maximum incentive opportunity of 50% of base salary.
Under the general direction of the Portfolio Manager, the Associate Portfolio Manager – Direct Investments will participate in co-investment underwriting (primary and secondary), assist in sourcing co-investments, and monitor co-investments individually and broadly across the portfolio. This position will also participate in partnership and other transaction type underwriting. This position is the entry management level and will participate in the day-to-day implementation of investment strategies and help build and lead a team that originates, executes, manages, and monitors co-investment transactions (primary and secondary) in the U.S. and internationally.
The ideal candidate will possess the following skills:- Broad and extensive experience in US and non-US private markets
- Proven and successful experience record of private market investments
- Commitment to strong governance, transparency and compliance practices
- In-depth knowledge and experience investing across various private equity investment vehicles including funds, co-investments, direct investments, and other transaction types
- Work effectively with a broad variety of external contacts, such as consultants, investment managers, and investment partners
- Excellent presentation skills, and outstanding verbal and written communication skills
- An advanced degree in business, finance, economics or other related field
- CFA designation or other professional certification such as CAIA
Does this opportunity seem right for you? If so, see the Application Instructions section below and apply now.
You will find additional information about the job in the Duty Statement.
Working Conditions
All staff of CalSTRS are employees of the State of California and subject to California employment taxes and withholdings. Upon appointment, staff are required to provide a current California address to CalSTRS Human Resources to be used as a remote work location.
Position Details
Department Information
CalSTRS: Securing the financial future and sustaining the trust of California’s educators
CalSTRS is the largest educator-only pension fund in the world, providing retirement, disability and survivor benefits to California's more than 1 million public school educators and their families. The Investments Branch manages a portfolio that is broadly diversified into seven asset categories with assets totaling approximately $389.5 billion as of November 30, 2025. In 2025, the CalSTRS Investments Branch was named one of the Best Places to Work in Money Management by the Pensions & Investments magazine for the eleventh time since 2013.
CalSTRS is committed to setting best practice precedents, implementing innovative diversity and inclusion principles, motivating positive change, and advancing the worlds investment markets. We do this by establishing collaborative relationships across a vast network of investment managers, portfolio companies and industry associations in order to maximize returns and leverage opportunities for positive change.
Our two U.S. Green Building LEED Platinum-certified headquarters buildings in West Sacramento, California, feature sustainable construction, abundant natural lighting, an organic garden, sustainable beekeeping and ergonomic functionally designed workspaces. We offer a variety of on-site amenities to our team members, including two full-service cafés, two free fitness centers, a bicycle rental library and a child care center with a covered playground. Team members enjoy walks along the Sacramento River and nearby seasonal farmers markets.
In addition to our state-of-the-art amenities, we offer thriving wellness and sustainability programs, an award-winning employee recognition program, and ongoing training, learning and development opportunities. We offer competitive benefits, flexible work hours and hybrid work options. We are committed to creating a workplace where our team members thrive.
If you’re looking for a rewarding career and are interested in becoming part of a diverse and inclusive workforce where talent, expertise and wellness are valued, we encourage you to find out more about our many career options at CalSTRS.com/Careers.
Special Requirements
Background Investigation
Prior to employment with CalSTRS, a background investigation (BI) will be conducted. The BI consists of a Personal History Statement and fingerprinting through the Department of Justice. The BI will check criminal and civil records and, if applicable, verify education and check driving records.
CalSTRS Disclosure Requirements
This position may be subject to disclosure and disqualification requirements concerning economic conflict of interest in government work, including the Conflict of Interest Code that applies to CalSTRS team members and the Political Reform Act, which require disclosure of certain investment information and use of a designated trading platform for securities transactions, as well as filing a Statement of Economic Interest (Form 700).
Incompatible Activities
This position is subject to the provisions of Government Code Section 19990. Upon accepting a position at CalSTRS, you will also be required to comply with the CalSTRS Incompatible Activities Policy by ensuring that outside work or activities are compatible and align with your professional activities or workplace obligations.
Application Instructions
Completed applications and all required documents must be received or postmarked by the Final Filing Date in order to be considered. Dates printed on Mobile Bar Codes, such as the Quick Response (QR) Codes available at the USPS, are not considered Postmark dates for the purpose of determining timely filing of an application.
Final Filing Date: 11/9/2026Who May Apply
Applications will be screened and only the most qualified applicants will be selected to move forward in the selection process. Applicants must meet the Minimum Qualifications stated in the Classification Specification(s).
How To Apply
Address for Mailing Application Packages
You may submit your application and any applicable or required documents to:
Address for Drop-Off Application Packages
You may drop off your application and any applicable or required documents at:
Required Application Package Documents
The following items are required to be submitted with your application. Applicants who do not submit the required items timely may not be considered for this job:
- Current version of the State Examination/Employment Application STD Form 678 (when not applying electronically), or the Electronic State Employment Application through your Applicant Account at www.CalCareers.ca.gov. All Experience and Education relating to the Minimum Qualifications listed on the Classification Specification should be included to demonstrate how you meet the Minimum Qualifications for the position.
- Resume is required and must be included.
- Other -
Cover Letter - A Cover Letter is required and must be included.
Benefits
CalSTRS offers a competitive pay schedule and a work-life-balance for all its employees. The State of California provides comprehensive benefits packages determined by the employee’s bargaining unit and conditions of employment. Some benefits include:
- Alternative work schedules
- Flexible work hours
- Remote work options
- Medical benefits, including health, dental and vision insurance
- Paid holidays and a defined benefit retirement program
- More than four weeks of vacation/sick leave for leaders
- More than three weeks of vacation/sick leave for staff
- Health insurance in retirement
- Employee Assistance Program
- Loan forgiveness under the federal Public Service Loan Forgiveness Program
For the latest information on the benefits offered by the state of California, explore the Health Benefits Summary provided by CalHR.
Contact Information
The Human Resources Contact is available to answer questions regarding the position or application process.
Executive and Investment Talent Management
(916) 414-4990
EITM@calstrs.com
Please direct requests for Reasonable Accommodations to the interview scheduler at the time the interview is being scheduled. You may direct any additional questions regarding Reasonable Accommodations or Equal Employment Opportunity for this position(s) to the Department's EEO Office.
EEO Contact:EEO Officer
(916) 414-4933
EEOMailbox@calstrs.com
ADDITIONAL APPLICATION INSTRUCTIONS
- Electronic applications through your CalCareer account are highly recommended. If you are unable to apply electronically through your CalCareer account, please mail or drop off a hard copy of your application packet. Please provide the following information on your application: 815-310-4698-043, RPA: 1274, JC-535261
- If education is being used to meet the minimum qualifications, please submit a copy of your transcripts/degree.
- Training and Development (T&D) assignments may be considered for this position. If you are applying as a T&D, please indicate this in the eligibility section of your application.
- Candidate may be selected by application packet review only.
- Multiple positions may be filled from this recruitment.
- Submission of an incomplete STD 678 may result in disqualification.
Equal Opportunity Employer
The State of California is an equal opportunity employer to all, regardless of age, ancestry, color, disability (mental and physical), exercising the right to family care and medical leave, gender, gender expression, gender identity, genetic information, marital status, medical condition, military or veteran status, national origin, political affiliation, race, religious creed, sex (includes pregnancy, childbirth, breastfeeding and related medical conditions), and sexual orientation.
It is an objective of the State of California to achieve a drug-free work place. Any applicant for state employment will be expected to behave in accordance with this objective because the use of illegal drugs is inconsistent with the law of the State, the rules governing Civil Service, and the special trust placed in public servants.
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Find Portfolio Manager JobsPortfolio Manager Jobs by City in California
Where California roles are concentrated, by current openings.
Portfolio Manager Job Market in California
A snapshot from current California openings, updated as new roles post.
Who's Hiring
Top Industries Hiring
- Banking & Financial Services
- Investment & Asset Management
- Technology & Software
- Science & Research
- Media & Entertainment
What California Employers Look For
The qualifications that appear most often in portfolio manager jobs across California.
- CFA charter or active enrollment in CFA Institute program strongly preferred by California employers
- Bachelor's degree in finance, economics, or a related quantitative field required
- Series 65 or Series 66 license required for roles involving investment advisory in California
- Three or more years managing or co-managing an investment portfolio in a professional setting
- Proficiency with Bloomberg Terminal, FactSet, or comparable portfolio analytics platforms
- Strong written communication skills for client-facing reporting and investment committee presentations
Portfolio Manager Jobs in California: Frequently Asked Questions
How do you become a portfolio manager in California?
Most California portfolio managers start with a bachelor's degree in finance, economics, or a related field, then work several years in analyst or associate roles building investment experience. Roles involving investment advice to clients typically require a Series 65 or Series 66 license, administered through FINRA and registered with the California Department of Financial Protection and Innovation. Earning a CFA charter is the most recognized professional credential in the field and is a common requirement for senior positions at California asset managers.
Which companies hire portfolio managers in California?
Employers hiring portfolio managers in California right now include Cathay General Bancorp, Meta, and Google, based on current listings on Migrate Mate as of November 2026. California's concentration of large asset managers, regional banks, insurance companies, and technology firms with corporate treasury functions makes it one of the broadest hiring markets in the country for this role.
Which California cities have the most portfolio manager jobs?
San Francisco, San Diego, and Los Angeles have the most portfolio manager openings in California. Los Angeles and San Francisco drive the bulk of listings because of their deep concentration of asset management firms, wealth advisory offices, and institutional investors, while San Diego contributes meaningful volume through its regional banking sector and investment management boutiques.
Are there remote portfolio manager jobs in California?
Yes, and more than many finance roles. About 63% of portfolio manager openings tied to California are remote or hybrid as of November 2026, reflecting the desk-based and analytical nature of the work. Research-heavy and quantitative portfolio roles tend to offer the most flexibility, while client-facing wealth management positions are more likely to require in-office or hybrid schedules.
How can I get hired as a portfolio manager in California with little or no experience?
The most realistic entry path is through a junior analyst or investment associate role at a California asset manager, bank, or insurance company, where you build portfolio construction and research skills over time. Large California employers like Pacific Investment Management Company and regional banks often hire new graduates into rotational investment analyst programs. Completing the first level of the CFA exam and building a personal model portfolio demonstrating investment decisions gives candidates without professional experience a concrete edge when applying to these entry-level roles.
Where can I find and apply to portfolio manager jobs in California?
You can find and apply to portfolio manager jobs in California on Migrate Mate, which lists current openings from employers hiring in the state right now. Find the roles that fit your experience and apply directly.
See All 102+ Portfolio Manager Jobs in California
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