A career in the investment management industry is indeed a great choice for students of commerce. Well, the investment management industry is something that includes so much to explore. Therefore, first, what you need to know is how many jobs are available in investment managers.
Well, you will be able to explore several jobs in the field of the investment management industry. These jobs range from research assistants to finance managers, and interns to traders.
These jobs also include financial advisors, wealth managers, credit analysts, portfolio managers, equity traders, and more.
Please remember that whatever job you seek, you need to have a deep understanding of geographical regions and financial products. You will have a great career in the field of investment management if you have a technical background.
In the below sections I will discuss the investment fund manager jobs and how to become an investment manager. So, keep reading.
What Do You Need To Become An Investment Manager?
Before knowing how to become an investment manager, you need to be aware of an investment manager first.
What I mean to say is that you should be aware of the kind of job it is. What does an investment manager do?
An investment manager is a professional who guides his clients on every financial asset, including bonds and stocks.
An investment manager has to have a deep understanding of the stock market so that they will be able to provide advice to his clients.
Investment managers can work with individuals and provide help to others to achieve their financial goals.
Here is how you can be an investment manager.
- First, what you need to do is to have a deep and proper knowledge of the work that an investment manager does. Investment managers have a lot of responsibilities to fulfill.
- After that, you need to sort out the best colleges and universities where you can do your course to become an investment manager. Some of the best colleges and universities for Investment Management are Colby College, Canisius College, Florida Southern College, University of Norte Dome, Western Washington University, Dartmouth College, and more.
- Now, you should think about is investment managers a good career path or not. You should listen to the advice of others. Generally, you need to have both strong character and high competence in order to become an investment manager.
These traits of your character will make you a successful investment manager. - Next, if you have decided that you will become an investment manager, you should prepare yourself with relevant skills. You need to be skilled in Risk Assessment, Risk Analysis, Investment Analysis, Portfolio Management, Portfolio Optimization, and more. as for technologies, you need to be aware of Investment Portfolio Management Software and all the banking software.
- Your next step should be viewing your average salary as an investment manager. You can have $90,000 to $150,800 as your annual average salary as an investment manager.
- Next, you should check for suitable investment jobs and apply for them. Many jobs are available in investment managers including financial advisors, wealth managers, credit analysts, portfolio managers, equity traders, and more.
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What Education Do You Require In Order To Become An Investment Manager?
In order to become an investment manager, you should have proper education of investment manager degree and certification. Here is the education that you require to become an investment manager.
- Education Field of Study- A Bachelor’s Degree in Economics or Financial Management, A Master’s Degree in Business Management or Business Administration.
- Degrees You Require- A Bachelor’s Degree for Entry-Level (minimum), A Master’s Degree
- Licensure- Series 7 Exam via Financial Industry Regulatory Authority, Exam of Series 63 or 66.
When you do your undergraduate course, you have to do it for four years. You have to study the general curriculum with science and humanities.
You need to be more focused on the studies of micro and macroeconomics, statistics, financial strategies, financial analysis, business communications, and accounting.
Apart from these studies, you should look for internships in the field of business communication.
Note: A Bachelor’s degree in fields like Economics or Financial Management is a must to become an investment manager. However, it will help you to get an entry-level job in the field of investment management. You may not have a master’s degree in that field. But, if you have a master’s degree in Business Administration or Business Management, you will be able to explore new opportunities in this field.
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What Skills Do You Require To Become An Investment Manager?
You will need to handle strong competition and extreme pressure in order to become an investment manager. Therefore, you need to be highly motivated, capable of fulfilling rigorous demands, and goal-oriented.
You have to guide your clients to meet their financial goals. So, what you need to do is to think critically. You should also be good at computers and other technologies.
Here are some other skills that you need to become an investment manager.
Investment Strategies
It is a set of rules and regulations to guide investors. You have to make investment strategies after assessing the future needs of your customers.
Due Diligence
This term indicates investigating, auditing, or checking the authenticity of facts. This term also indicates the evaluation of the financial condition of a client. It determines if others should transact with this party or not.
Investor Relations
This term in financial management indicates managing the potential investors and shareholders of a large company. In this department, you have to manage finance, communication, law compliance, and marketing.
Private Equity
It is a type of investment that includes hidden capital. This sector includes pension funds and private investors who invest in private companies directly.
Portfolio
As an investment manager, you need to be very skillful in managing portfolios. An investment manager should also know how to balance portfolio allocations. They should also be skillful in how to execute multiple strategic actions in investments.
Financial Statements
A Financial Statement is a type of report of a company or an individual. It contains all the data about their assets, income, the use of money, and more. It also includes the contributions of the shareholders during a certain period.
Asset Management
It is indicating managing those assets that are already invested by multiple industries. Asset management indicates the procedures of operating, developing, selling, and maintaining all the assets for profit.
It also includes managing the money for companies or individuals via bonds, stocks, cash equivalents, and more.
Financial Performance
This term indicates communicating the strategic direction of the company. Financial performance is done by assessing the past financial performance of the organization and communicating the valuation of the company and present projections.
Market Research
It is a collective effort done by investment managers. They have to gather all the information about the market and verify the gaps in consumers’ expectations.
How Employable Are Investment Fund Managers?
When it comes to investment fund managers in the field of investment management, you will have moderate employment career opportunities.
That is why investment fund managers have got the C employability rating.
A grade C employability rating indicates that the field of investment management will need more than 80,000 investment managers in the United States.
Research shows that this average number depends upon 78,500 additional investment fund managers and the retirement of 4,000 already-existing investment fund managers.
This means that you can have a good career option if you choose to become an investment fund manager in the future.
What’s The Supply Of Investment Fund Managers?
Again, when it comes to the field of investment fund management, this industry is solely based on the countries including New Jersey, The District of Columbia, California, and others.
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Job Market By State For The Investment Fund Managers
Here are the statistics on the number of investment fund managers by state.
| Name Of The State | No. Of Employed Investment Fund Managers |
| New Jersey | 19,100 |
| California | 53,300 |
| District of Columbia | 20,100 |
| Florida | 18,900 |
| Texas | 16,600 |
| Virginia | 16,740 |
| Ohio | 11,250 |
| North Carolina | 11,490 |
| Georgia | 11,500 |
| Maryland | 12,600 |
| New York | 14,700 |
Other Finance Degree Job Opportunities
Apart from being an investment manager, there are several other finance job opportunities that you can have.
- Business Teacher
- Accountant
- Business Development Officer
- Vendor Manager
- Auditor
- Tax Associate
- Data Analyst
- Budget Analyst
- Commercial Real Estate Agent
- Chief Financial Officer
- Loan Officer
- Actuary
- Compensation and Benefits Manager
Should You Become An Investment Manager?
If you have a bachelor’s degree in Economics or Financial Management and a master’s degree in Business Management or Business Administration, you are just perfect to become an investment manager in the future.
Also, you may get the help of a career counselor. You should know if you have the right skills and interests apart from your degrees to be an investment manager. Learn about the course first and then choose your career.
Frequently Asked Questions
1. What is a career in investment management?
If you have a degree in the field of investment management, you can have multiple career options here. Your career will not be limited to trade markets.
You will be able to work as a private equator, hedge fund manager, stockbroker, risk analyst, risk manager, financial analyst, portfolio manager, investment manager, and more with a degree in the field of investment management.
2. Are finance jobs in demand?
Yes, of course. You always find finance jobs demanding, no matter what the condition of the market is.
Nowadays, you can see a wide range of financial jobs around the world, especially in the United States. Here are some reasons why finance jobs are always in demand.
- Professionals in finance guide their clients in times of crisis.
- The finance industry always has a strategic advantage of growth.
- They are heading towards success with rolling forecasts.
- The field of finance is a multidimensional industry. That is why you always find it demanding.
3. What qualifications do I need to be an investment manager?
Here are the educational qualifications that you will require to be an investment manager.
- Education Field of Study- A Bachelor’s in Economics or Financial Management, A Master’s Degree in Business Management or Business Administration.
- Degrees You Require- A Bachelor’s Degree for Entry-Level (minimum), A Master’s Degree
- Licensure- Series 7 Exam via Financial Industry Regulatory Authority, Exam of Series 63 or 66.
The Final Words
As an investment manager, you have to solve a lot of problems. But you should be more focused on managing portfolios.
Despite all these, you can have a satisfying career opportunity as an investment manager. So, prepare yourself with the right skills. Good Luck!
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