To become an investment manager, you need a degree, postgraduate experience, and a graduate degree. A finance degree is helpful, but liberal arts backgrounds are also accepted. Completing a finance internship and gaining work experience is important. An MBA in finance and becoming a CFA are recommended for promotion to investment manager.
Investment managers manage investment portfolios for banks, life insurance companies, trust companies or other financial institutions. The job also typically involves analyzing data and preparing presentations that explain or justify investment decisions based on the data. To become an investment manager, you will generally need a college degree, postgraduate work experience in a financial environment, and a graduate degree.
If you want to become an investment manager, it may be important to get a college degree in finance. Keep in mind that at some colleges, to be admitted to the finance field, you must also be admitted to the business school. The business school application is very competitive. Therefore, getting good grades can be essential if you want to increase your chances of being accepted into the financial field.
It is true that asset management firms sometimes accept individuals with a liberal arts background, especially if business-relevant courses such as economics, accounting, and financial analysis have been adopted as electives. While financial skills are very important, asset management companies also need employees who can write reports well and verbally express concepts to clients. English courses are typically well trained in written and verbal expression. Thus, English courses have critical skills that asset management companies need.
If you have a degree in finance or English, it might be helpful to attend a college finance internship. Your college’s career services department should help you find a financial internship; however, if the career services department cannot help you, the business school will probably be able to help. Completing a financial internship while in college can provide valuable real-world experience that will complement classroom learning.
It is generally recommended that you apply for your first finance job during your last semester of college. Talk to the career services department and do an online job search to find a job. You won’t start out as an investment manager. Instead, you’ll likely become a research analyst to gain experience in your early years on the job. The purpose of this first postgraduate job is to help you gain work experience in a finance-related environment so that you can increase your chances of being accepted into postgraduate finance study.
You can start looking for postgraduate opportunities as soon as you complete your first two years of work experience in a financial environment. Note that a master of business administration (MBA) degree in finance is generally recommended for anyone looking to become an investment manager. The MBA will provide you with specific knowledge and training that will give you the tools to manage investments for maximum profit. Also, becoming a certified financial analyst (CFA) can be helpful if you want to be an investment manager.
After completing an MBA in finance and becoming a Chartered Financial Analyst (CFA), you will be ready to become an investment manager. You cannot be promoted immediately to the position of investment manager; however, you will have the necessary credentials when the promotion opportunity arises. When you become an investment manager, you can choose to work as an investment manager for a hedge fund, mutual fund, insurance company, government, university, foundation, or other organization.
Protect your devices with Threat Protection by NordVPN
