If you’re curious to learn how many jobs are available in Investment Managers, you’ve come to the right place.
Investing is a great way to help others make the most of their money while having a satisfying career. If you want to help businesses buy other businesses, analyze risk, or gain the most out of your investments, investment management might be the right choice.
You don’t have to wear pinstripe suits and handle high-pressure deals in a busy, noisy trading room to succeed as an investment manager. You may avoid stock exchanges (unless you prefer to).
This article will discuss how many jobs are available in Investment Managers and will cover all related aspects.
What is Investment Management?
Before learning about how many jobs are available in Investment Managers, let’s first understand investment management.
Investors have one primary objective: increasing their wealth to reach a series of goals. If they feel that staying in cash on deposit is insufficient to fulfill their investment objectives, in other words, if they need to invest their money rather than hold it, they will ultimately recognize this.
They will first have to decide what they should buy and what level of risk is acceptable in light of their objective. It is essential to realize that investment managers provide advice, solutions, and products that assist their customers in achieving the goals they desire.
Investment managers seek new ideas and use research to measure their risk and return potential to find suitable places to invest. They then organize investment portfolios appropriately and diversify risk to mitigate risk.
Therefore, Investment Management is all about deciding which assets to buy to get the financial return clients want at the level of risk they are comfortable with.
What roles are there in Investment Management?
Now that we know what investment management is let’s study the various roles in investment management.
At its simplest, there are four significant roles in Investment Management:
- Analysts explore and analyze potential investment areas, markets, and individual shares and stocks.
- Investment managers make choices based on their understanding and analysts’ reports.
- Sales and client relations teams market the firm and its products to potential and existing investors.
- Infrastructure teams keep the organization running – everything from H.R. to I.T. These aren’t financial roles so we will not discuss them here, but they’re vitally necessary to the company’s running.
As a graduate interested in finance jobs, you would initially begin as an analyst before becoming an investment manager. You might move into client relations later if you deliver outstanding people skills.
How many jobs are available in Investment Managers?
There are thousands of jobs in investment management in the United States. Investment management employs many occupations, from financial managers to research assistants to traders, all of which are well compensated and interesting. Here are the most common jobs available in investment managers:
|Job Title||No. Of Jobs In the United States||2020-2030 Job Growth Rate|
|Investment Banking Analyst||22,000+||6%|
So, if you are still wondering how many jobs are available in investment managers – the answer is plenty!
Is being an Investment Manager a good career option?
While learning how many jobs are available in Investment Managers, you must be wondering if investment management is a good career option or not.
There are several appealing job opportunities for investment management graduates in finance. Working as an investment manager can be demanding and rewarding, but it can also be fast-paced.
Here are five reasons why this profession is a wise choice.
#1. Investment Managers have lots of career options
Investment managers may perform a variety of jobs. According to the U.S. Bureau of Labor Statistics (BLS), there will be an additional 64,200 financial jobs by 2030, a 17% increase over the next decade.
Banks, brokerage firms, and insurance companies require financial analysts, fund managers, portfolio managers, risk managers, hedge fund managers, and more. Additionally, you can manage the investments of people or businesses.
You may also become self-employed if you are dedicated, realistic, and have enough experience with a finance employer in the first place.
#2. Investment Management is fascinating
An investment manager helps people and organizations to invest their funds. Whether you’re working with a fashion designer or a firm creating an application to assist disaster victims in locating relief and shelter, you’re conducting a type of detective work that will vary each time.
Every day is different, and since investments might be affected by global events, severe weather, and human emotions, there’s no time to be bored. You must develop innovative investment strategies and methods to direct money on behalf of your clients.
#3. Investment Management can be a lucrative career
Investment management is one of the highest-paying jobs in finance, and those who are intelligent and driven can expect their salaries to rise quickly. Investment managers earn between $51,000 and $172,000 per year in the United States, according to Glassdoor.
The BLS categorizes investment managers as financial analysts and financial managers, and their median annual salary in 2022 was between $83,664 and $134,180.
#4. Investment Manager job outlook is bright
With in-depth knowledge of geographic areas becoming increasingly important and so many financial products on the market, investment management jobs are predicted to increase sharply. According to the BLS, investment management jobs will grow 17% from 2020 to 2030.
If you are tech-savvy, you should be able to find a well-paid entry-level position in investment management. There will be some competition, but if you have the proper education, you should be able to acquire an entry-level job easily.
#5. Investment Management is satisfying
Handling difficulties is a large part of what investment managers do. There is satisfaction each time a problem is resolved or a question is answered.
How would you feel if you found that you had made money for one of your clients? After much research and hard work, you would have picked a winner.
What would it be like if you could do that over time? Even if you are wrong sometimes, malinvesting provides learning and experience.
What is the average salary of an Investment Manager?
Now that we know how many jobs are available in Investment Managers let’s look at the average salary of investment managers.
Investment managers make an average annual salary of $124,650. Starting salaries generally range from $60,390. Performance-based bonus schemes are often included in compensation packages.
You might also have a flexible benefits package from larger firms that you can customize to meet your personal needs—health insurance, gym memberships, child care vouchers, and more.
You will get comparable benefits from a boutique firm, but you will be less able to change them.
Hopefully, you have now understood how many jobs are available in investment managers and the benefits of working as one.
How to become an Investment Manager?
After learning how many jobs are available in Investment Managers let’s discuss how to become one.
An investment fund manager requires education, hard work, and perseverance. Most brokerage firms or investment houses look for applicants with a Bachelor’s Degree in Economics, Finance, Financial Planning, Business, or Mathematics. Some positions require an MBA degree.
You must accept the Series 7 exam to become a registered representative of any broker-dealer firm or investment firm in the United States. The test is six hours long and covers all types of investments and regulations—stocks, bonds, mutual funds, individual retirement accounts, annuities, stock options, ethics, documentation, and transaction execution.
The applicant must also take the Series 63 or Series 66 exam, depending on their state of residence, after passing the Series 7 exam.
What are Investment firms looking for, and how can you stand out?
Investment management firms are seeking candidates who have:
- outstanding analytical ability
- passion for financial markets
- communication and interpersonal skills
- time management, organization, and multitasking
- desire and willingness to work in a fast-paced environment
- client-oriented attitude
- inquisitiveness and focus
- collaborative and team-working abilities
Interviewers want to see that you are dedicated to investing. They expect you to be familiar with the various stocks that interest you. You should be able to give a justification for your choices based on sound reasoning. Your interviewer will want to know about your thought processes.
It isn’t enough to be familiar with current financial market events. Your interviewer should see that you have opinions and can argue for them while at the same time respecting their point of view.
You should not pretend to know everything, mainly if you don’t. It will help if you do not use jargon unless you are willing to explain it in detail.
What other opportunities do Investment Managers have?
After learning how many jobs are available in Investment Managers, you might want to know other career options in this field.
In big corporations, new graduates usually spend three years as analysts before gaining more responsibility. You might become an investment manager or continue as an analyst. This profession can last a lifetime, but if you ever want a change, here are a few things you might pursue:
- Investor relations – while it’s not precisely moving out of the industry, you can have a very different focus on improving client relationships for your firm.
- Private equity – chase out and finance start-ups that could make your customers a fortune.
- Financial advice – if you understand tax to match your version of assets, you’ll be all set to become a self-employed financial advisor.
- Consultancy – as an investment manager, you’ll understand what makes companies succeed and fail. You can pass on that wisdom to help struggling firms.
- Playing the market – utilize the expertise (and finances) you’ve gained as an investment manager to invest and manage your own portfolio.
Many investment managers serve various clients, from individuals to multinational corporations.
Working as an investment manager can be both lucrative and gratifying, but you must be prepared to work the hours and compete. If you’re entering this field, you should think long-term—this is especially true of portfolio management and finance occupations.
Through 2030, the demand for analyst positions will only increase by half as much or less, whereas analyst jobs will increase by 16%. It will also benefit your people skills in investment management, increasing your income and job security. Hopefully, this guide answers your question, “how many jobs are available in investment managers.”