Asset Management: currently 1545 jobs.The latest job was posted on 05 Sep 15.
Asset Management Jobs
Asset management, also known as fund management or ‘the buyside’ is a demanding but lucrative career option. An asset management career involves investing clients’ money to make more money.
Investment clients may be individuals, pension funds or institutional investors, governments or corporations. The investment pool might include mutual funds, retirement/pension funds and hedge funds, and investments may be made in fixed income securities, equities or derivative products.
Fund managers may adopt either an active or a passive strategy or, increasingly, a mixture of the two. An active strategy requires skill to beat the market average, and involves bigger risks for bigger rewards. A passive strategy involves selecting a portfolio to match the value of a financial index such as the FTSE 100.
Roles and Responsibilities
Within asset management, there are a variety of roles and job titles. An analyst scrutinises and reports on the best companies and products for investment. The product manager is responsible for advising clients on potential additions to their portfolio, or on strategy changes. Portfolio managers have final responsibility for investment decisions across their area of expertise, be it equities, fixed income or alternatives.
Asset management sales professionals sell a fund manager’s expertise and services to new clients, while client services roles revolve around maintaining relationships with existing clients.
In this highly competitive field, there is no magic qualification. However, an MBA is considered one of the standard entry points for a researcher or analyst. For portfolio management, a Chartered Financial Analyst designation is a good option. Career prospects and progress once in the job depend entirely upon your level of skill.
Successful asset management professionals possess outstanding quantitative and analytical skills and can absorb and process complex data quickly. A decisive nature is necessary as lost time can equal lost money. Good leadership skills are essential for a portfolio manager, who must keep an expert team motivated and performing well.