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.

Showing schools in your area

Matching School Ads
5 Program(s) Found
  • Why Earn Your Degree from GCU?
  • Options: Choose from a variety of undergraduate and graduate degree programs in Business, Nursing, Psychology, Education & more!
  • Convenience: Complete courses online, on campus, or a combination of both!
  • Earlier Graduation: Our 4-credit courses allow you to complete your degree program in less time.
  • Transfer Friendly: We will request your transcripts, evaluate your graduate coursework, and determine your anticipated graduation date within 24 hours.
  • Quality: Grand Canyon University was founded in 1949 and is regionally accredited. Learn more today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Boldly pursue your future in business with an online degree from Post University
  • Degrees at all levels with concentrations in Finance, Marketing, and much more
  • Ranked in the Best Online Bachelors Programs for Veterans by US News & World Report
  • Ranked in the Best Online Bachelor’s Programs by the US News & World Report
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Separate yourself from the pack by completing one of Saint Leo’s highly-rated Business degree programs. Associates, Bachelors, and Graduate degrees in highly sought-after concentrations available!
  • Learn the necessary skills and build the foundation to propel your business career by receiving an education from our faculty members with true real-world experience.
  • Saint Leo University provides academic excellence, flexibility, affordability, and a wide range of educational programs with financial aid and scholarships available to those who qualify.
  • Saint Leo offers a 14:1 Student-Teacher Ratio to ensure you get the personal attention you deserve.
  • Learn on your schedule with our 6 convenient available start dates throughout the year. Get started on earning your accredited Business degree today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
  • Find Online Schools. 100% Online Accredited Courses
  • Get Matched to Programs In A Few Clicks!
  • Earn an Affordable Degree from Home at your own pace
  • Get College info today. Its Free and Easy!
  • Online Courses

Showing schools in your area

Matching School Ads
5 Program(s) Found
  • Which career path will you take – Business, Nursing, Education, Psychology? Something else? GCU offers more than 100 majors to get you started!
  • Colangelo College of Business: Features more than 25 programs from the bachelor through the master's level, including several high-demand MBA programs and an accelerated accounting degree.
  • College of Nursing and Health Care Professions: Rich 25-year history providing outstanding health care and nursing degree programs, including an RN to BSN program & master's in nursing degrees.
  • College of Education: Whether you are looking to start or advance your career as a teacher or administrator, GCU offers bachelor’s and master’s in education degrees in key areas.
  • College of Humanities and Social Sciences: Provides a job focused education and features a variety of programs from counseling and psychology to justice studies, history and English literature.
  • Does something else interest you? GCU also offers programs in Doctoral Studies; Theology; Science, Engineering & Technology; and Fine Arts & Production. Speak with an enrollment counselor today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Boldly pursue your future in business with an online degree from Post University
  • Degrees at all levels with concentrations in Finance, Marketing, and much more
  • Ranked in the Best Online Bachelors Programs for Veterans by US News & World Report
  • Ranked in the Best Online Bachelor’s Programs by the US News & World Report
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Separate yourself from the pack by completing one of Saint Leo’s highly-rated Business degree programs. Associates, Bachelors, and Graduate degrees in highly sought-after concentrations available!
  • Learn the necessary skills and build the foundation to propel your business career by receiving an education from our faculty members with true real-world experience.
  • Saint Leo University provides academic excellence, flexibility, affordability, and a wide range of educational programs with financial aid and scholarships available to those who qualify.
  • Saint Leo offers a 14:1 Student-Teacher Ratio to ensure you get the personal attention you deserve.
  • Learn on your schedule with our 6 convenient available start dates throughout the year. Get started on earning your accredited Business degree today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
  • Find Online Schools. 100% Online Accredited Courses
  • Get Matched to Programs In A Few Clicks!
  • Earn an Affordable Degree from Home at your own pace
  • Get College info today. Its Free and Easy!
  • Online Courses

Login to your account

Can't remember your Password ?

Register for this site!