Education Career Articles

Connect Facebook Connect Twitter Connect Google+ Connect Pinterest Connect Stumbleupon

How to Become an Asset Manager

Career News September 24, 2013

Very simply put, an asset manager handles other people’s money. The purpose is to invest it in a manner that will achieve specific financial objectives within the guidelines of the investment pool, usually an asset management, investment bank or brokerage firm.

The firm invests in stocks, bonds, securities, and other assets, to bring their clients greater returns than can be found in a regular checking and savings account.

What is Required to Break Into This Career?

When the company invests, on behalf of clients, they are offered a wide range of traditional and alternative products that may not be available to the average investor. An asset management position at a bank that includes checking, savings, margin loans and credit and debit cards, places the cash into a money market fund as well as into brokerage services. Individuals who use financial bank asset services create an account known as an asset management account or a central asset account.

There are numerous requirements banking institutions and brokerage firms look for in an assets manager. They will want the candidate to hold a CFA (chartered financial analyst) or a Masters in Business Administration.

A CFA is a program that offers professional credentials in venture analysis and establishes management skills and the practical knowledge needed for the current investment industry.

As asset management works on a percentage of returns, there is the potential to make an enormous sum of money, although, with a volatile market, it is also easy to lose money. You will need strong quantitative and analytical skills.

You must be able to read spreadsheets and earnings reports and turn them into financial models and income projections. Core classes should include statistics and accounting.

Education and Experience are Vital

To begin your career, you should work at least two years in another related job capacity, such as sales, marketing operations or in trading at an asset management firm. Working as an analyst or as an intern in equity research at a banking institution will also help you acquire your credentials and experience.

Apart from advanced educations, recruiters look for particular personality traits in an assets manager. More than just an ability to work with numbers, they want innovative thinkers who are able to drive performance by presenting solid investment ideas.

You need to be a strong team player. For each fund, there is not only an asset manager but a team of analysts, researchers in fixed income investments, economists, sales people and marketers whose goal is to persuade people to buy the fund. The passing of the Gramm-Leach Bliley Act in 1997 has allowed financial institutions to offer both banking and security services. This means that modest investors have many great options without going through a bank or a brokerage firm.

They are able to invest in stocks, bonds, real estate trusts, mutual funds and a number of other options. Additionally, corporations, endowments, pensions and foundations still comprise the largest percentage of investors, which means financial institutions and brokerages continue to look for high performance asset managers.

The average salary of an asset manager is from $69,000 to $85,000 a year. Many asset managers work in real estate where the responsibility lies in maximizing the company’s portfolio and in formulating and implementing long-range investment strategies.

They are responsible for all the product types within the fund, including the development, management and monitoring the activities of assigned real estate projects. This is a promising career path for ambitious students to look into.

Searching Searching ...

Matching School Ads
2 Program(s) Found
  • Named a Best for Vets school by the Military Times in 2014.
  • Has specialized in student-centered technology, business, criminal justice, health science, and culinary education for over 45 years.
  • Makes it possible for students to earn a bachelor’s degree in 2.5 years or an associate’s in 1.5 years by providing a year-round schedule.
  • Offers externships and clinical experience that help students prepare for life after they graduate.
  • Has 10 campuses across the mid-Atlantic, plus online degree programs.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
1 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
2 Program(s) Found
  • Online bachelor's and master's level Business programs are available.
  • Courses are designed to teach practical business solutions, with a career-focused curriculum.
  • Students can study in areas such as business, applied management, and business administration.
  • Experienced professionals equip students with a working knowledge of marketing, financing, accounting, and sales.
  • Students who have graduated high school in or before 2015 are eligible to apply.
  • Online Courses
2 Program(s) Found
South University , Glen Allen
  • Program options include Accounting, Business Administration, Leadership, and more.
  • Curriculum focuses on developing leadership, critical thinking, problem-solving, and communication skills.
  • Programmatic accreditation by the Accreditation Council for Business Schools and Programs (ACBSP) at select campuses.
  • Business programs are available at many of the 11 campus locations across the United States.
Good for Working Adults
  • Flexible Scheduling
  • Financial Aid
1 Program(s) Found
  • Full Sail’s curriculum combines elements of creativity, art, business and life skills, technical prowess, and academic achievement.
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average.
  • Students work with industry-standard tools and technologies, allowing them to gain practical knowledge and real-world experience.
  • Join us on Facebook, Twitter, YouTube and Instagram to interact with our community, read about grad success, and see campus images.
  • Online Courses

Searching Searching ...

Matching School Ads
2 Program(s) Found
  • Online bachelor's and master's level Business programs are available.
  • Courses are designed to teach practical business solutions, with a career-focused curriculum.
  • Students can study in areas such as business, applied management, and business administration.
  • Experienced professionals equip students with a working knowledge of marketing, financing, accounting, and sales.
  • Students who have graduated high school in or before 2015 are eligible to apply.
  • Online Courses
2 Program(s) Found
  • Named a Best for Vets school by the Military Times in 2014.
  • Has specialized in student-centered technology, business, criminal justice, health science, and culinary education for over 45 years.
  • Makes it possible for students to earn a bachelor’s degree in 2.5 years or an associate’s in 1.5 years by providing a year-round schedule.
  • Offers externships and clinical experience that help students prepare for life after they graduate.
  • Has 10 campuses across the mid-Atlantic, plus online degree programs.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
1 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
1 Program(s) Found
  • Campus-based and online business programs include Entertainment Business (BS), Internet Marketing (BS), and Business Intelligence (MS)
  • Students will explore business concepts like marketing, global media management, and business technology and design
  • Courses designed to prepare students for a career in business and Career Development advisors available to all alumni
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average
  • Online Courses

Login to your account

Can't remember your Password ?

Register for this site!