Top Highest Paying Jobs In Investment Management to make A Good Career Path. Investment management involves creating, monitoring and optimizing clients’ financial portfolios. Investment Management is a good career path. This path is important for individual finances and for business finance.
There is great potential for any job in the Investment Management field to be very lucrative. Anytime you’re dealing in finance, and there is a position of earned experience and knowledge, not to mention a great deal of trust, there is a potential for a high paycheck.
What Is Investment Management?
Investment management professionals manage financial portfolios and help clients achieve important financial goals. Clients include individuals or institutional investors, like corporations, insurance companies, pension funds or charities. Their financial portfolios include stocks, options, bonds, mutual funds, real estate, annuities and commodities.
How to Become an Investment Manager
Investment managers provide advice and direction to their clients so they meet their goals and get returns on their financial assets. If you want to become an investment manager, you’ll most likely need a fair amount of education, experience, and dedication. You will need a bachelor’s degree in a field such as financial management or economics to start off.
To gain experience, you’re likely to start with an entry-level finance job, such as an underwriter, loan officer, research associate or financial analyst.
Some frequently asked questions
Is investment management a good career path?
Yes, Investment Management is a good career path. This path is important for individual finances and for business finance.
How long does it take to become an investment manager?
Financial analysts with a bachelor’s degree and four years of accepted work experience are eligible to sit for the three-exam series. The Chartered Portfolio Manager (CPM) is a certification that requires at least three years of experience in active portfolio management and is another prominent credential.
Do you need a degree to be an investment manager?
Complete a bachelor’s degree in finance, accounting, economics or business. To become a Fund Manager, you must have a high level of education and professional accreditation, as well as appropriate levels of investment management experience.
What skills do you need to be an investment manager?
Some of the skills most investment managers look for are obvious: a love of economics, business, and finance; vast knowledge of the preceding; high drive; confidence; persistence; and so forth.
Is an investment manager the same as a portfolio manager?
A portfolio manager is a form of an investment manager who creates and manages investment allocations for private clients.
What Skills Do You Need to Become an Investment Manager?
The following are the skills required to succeed as an investment manager:
- Communication: persuasion and negotiation.
- Basic understanding of artificial intelligence and machine learning.
- Knowledge of sustainability issues.
- Customer service
- T-shaped skills: a combination of keen knowledge in a single field and wider knowledge in other fields and the ability to connect them.
- Technical skills.
- Leadership skills.
- Problem-solving skills.
Top Highest Paying Jobs In Investment Management Career Path
A lot of professionals interested in financial industry careers might find the investment career quite interesting. Investment managers are highly skilled and usually have quite a bit of education, but there are several careers that fall under that umbrella that might also be appealing to someone just entering the business or looking for experience.
1. Investment Banker
Investment bankers are typically hired to work directly with or in a corporation or government branch. Their job is to advise their boss or employer on what positions to take financially. They can be at the helm of becoming a publicly-traded company or be involved in raising money and issuing stock. The average Annual Salary is $157,000.
2. Portfolio Assistant
When working as a portfolio assistant, the individual will prepare documents and reports as required by the portfolio manager. In addition to preparing information that will be used to bolster the portfolio, they may also be responsible for keeping an eye on the portfolio itself and making reports that reflect its status. The average Annual Salary is $109,000.
3. Portfolio Manager (Average Annual Salary is $126,000.)
A portfolio manager can have individual clients or corporate clients. Their task, no matter who the client is, is to review the overall goals of the client and determine the best and most efficient way to achieve them through investments. When people talk about jobs in investment management, this is the one career that most people out of the industry instinctively think of. It’s a job with a lot of responsibility, and it can also provide the manager with a lot of wealth through their income.
4. Corporate Finance Manager
The corporate finance manager is employed by a corporation to help the company make the most of its assets and maximize its bottom line. They understand all of the financial dealings of the company in great detail and are geared toward long-term financial goals.
5. Financial Trader
Financial traders are investors who typically deal in the stock market, but they also work in futures and other securities. There are many different types of traders and different ways of approaching trading, but it’s a lucrative career, no matter what the details of the position are.
6. Financial Analyst (Average Annual Salary is $78,000.)
The main job of a financial analyst is to review data, the market, current trends, and predictions to find opportunities and make recommendations for investments. It’s a difficult job that requires great knowledge and insight into market trends and finance.
Average Annual Salary is $55,000. You may find that some firms are willing to take on stockbrokers who are just starting out in the field. Most of them will actually prefer you to have a bachelor’s degree, but after that, they’ll consider you for this position with the understanding that you will go on to earn the appropriate licenses and certifications necessary to work as a stockbroker.
8. Economic Analyst
Average Annual Salary is $74,000. Understanding the economic undercurrent of the market, the industry, and the world, in general, is a big part of what an economic analyst does on a daily basis. Typically, their background includes a bachelor’s degree in economics, so studying what is happening in the economy is nothing new.
9. Risk Analyst (Average Annual Salary is $81,000.)
Not all risk analyst jobs are in the entry-level category, but it is possible to find some that fall into this arena. The risk analyst looks at a company’s investment portfolio and looks at how much risk they can manage with their investments.
In the investment management world, the underwriting group is responsible for raising capital for a client from other investors. They’re usually involved in initial public offerings or IPOs and charged with selling stocks and bonds to investors. The average Annual Salary is $59,000.
11. Trading Assistant
Before becoming a financial trader, you might have to do some time as a training assistant. There are a lot of tasks involved with this position, including preparing and processing documents, performing data entry, and maybe even a little analysis. The average Annual Salary is $94,000.
12. Junior Analyst
A junior financial analyst is on their way up to the senior role. Their first stop will be working in a junior capacity. Most junior analysts will be working under someone who will task them with their day-to-day jobs, which include: preparing financial reports, reviewing and summarizing market trends, doing a deep dive into a customer’s financial path, and looking at statistics, costs, and margin structures.
13. Research Assistant
A research assistant is the research analyst’s right-hand person or people because an analyst may have several assistants working under them. While the final decisions will come from the research analyst, the assistant is tasked with pulling the key data together. The average Annual Salary is $40,000.
14. Private Equity Associate
A private equity associate is charged with helping investment firms make deals. They will find potential investors, help the investments appear appealing, and assist on the losing end of the deal as well.
15. Credit Analyst
An entry-level credit analyst is responsible for reviewing the credit history and financial backgrounds of individuals or companies to see if they’re a good fit for the loans they’re requesting. This is a job in finance but is not directly an investment management job. It’s one of those positions that can help you earn experience and get your foot in the door. The average Annual Salary is $62,000.