If you want to be an Investment Fund Manager, you will manage funds and investments for your clients or company to bring in the highest possible return for their money. You will be responsible for managing the funds in a regulated manner and be paid a fee for your work, which is a percentage of the fund's profit. You will also be responsible for researching different types of investments and understanding the client's preferences for risk.
It is your job to find the right mix of investments while maximizing returns on investments. You will need to advertise your services, knowledge, and connections to find new clients. Your job will be to help those clients understand why investing with fund managers is best for them. Therefore, you need to be aware of market trends so as to keep your clients involved. You will need to be an expert communicator and negotiator and have a great deal of education, training, and patience.
It is best to have a master's degree and professional credentials plus investment managerial experience. Many brokerage firms look for someone with a bachelor's degree in economics, finance, business, or mathematics. Having a license would give you an edge in this field, which involves a six-hour test. You can make an average salary of $107,000 plus bonuses.
There is more than meets the eye when it comes to being an investments manager. For example, did you know that they make an average of $65.56 an hour? That's $136,367 a year!
Between 2018 and 2028, the career is expected to grow 16% and produce 104,700 job opportunities across the U.S.
There are certain skills that many investments managers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and detail oriented.
When it comes to the most important skills required to be an investments manager, we found that a lot of resumes listed 10.0% of investments managers included financial statements, while 7.6% of resumes included portfolio, and 6.7% of resumes included investment strategies. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the investments manager job title. But what industry to start with? Most investments managers actually find jobs in the finance and manufacturing industries.
If you're interested in becoming an investments manager, one of the first things to consider is how much education you need. We've determined that 41.6% of investments managers have a bachelor's degree. In terms of higher education levels, we found that 46.6% of investments managers have master's degrees. Even though most investments managers have a college degree, it's impossible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become an investments manager. When we researched the most common majors for an investments manager, we found that they most commonly earn master's degree degrees or bachelor's degree degrees. Other degrees that we often see on investments manager resumes include associate degree degrees or doctoral degree degrees.
You may find that experience in other jobs will help you become an investments manager. In fact, many investments manager jobs require experience in a role such as vice president. Meanwhile, many investments managers also have previous career experience in roles such as finance analyst or manager.