What’s Involved in an Investment Manager Career?
Investment managers are responsible for creating and implementing strategies designed to maximize returns on client investments, while maintaining reasonable levels of risk. They must actively research, analyze, and select investments, make appropriate portfolio adjustments, and report to management and clients. Investment managers typically manage portfolios of stocks, bonds, mutual funds, and other assets.
What Do Investment Manager Professionals Do Day-to-Day?
An Investment Manager’s day-to-day duties involve researching and developing investment strategies, research markets and track global economic and industry trends, selecting securities and other investments, making portfolio adjustments, meeting with clients and reporting on investment performance. They may also solicit client investments, negotiate with brokers and advisors, and provide reports on the performance of various investments.
How Will AI Impact Investment Manager Professionals?
AI and automation are increasingly being used in the investment management industry to enhance decision making and reduce costs. Investment managers can use AI to create automated investment models or research and validate data much faster than they can do it manually. AI can also help with the tedious tasks of manual data entry and analysis so that investment managers can focus on higher-level strategy.
What Are the Education Requirements for Investment Manager Professionals?
Investment managers typically have a bachelor’s degree in finance, accounting, economics, business, or a related field. Many also complete a graduate-level degree in finance, economics, or business or can earn a Master’s degree in Investment Management. Many Investment Managers have also earned professional designations such as CFA or CFP.
What Does the Quality of Life Look Like for Investment Manager Professionals?
Investment Manager Professionals typically enjoy a fast-paced but stimulating work environment. They often receive significant bonuses and benefits associated with successful investments. However, the stress of managing investments in a volatile market can be taxing.
What Are the Job Prospects for Investment Managers?
Job prospects for Investment Managers are excellent. According to the U.S. Bureau of Labor Statistics, job growth for Investment Managers is expected to increase by 11% from 2018 through 2028. Additionally, the average salary for Investment Managers is around $86,000 a year, depending on experience level.