The investment sector has been booming for the last few decades. There is a career in the investment industry that you can consider if you have a strong desire to learn about investments and how the market functions. This career is very rewarding.
Are you aware of the most recent market trends and advancements in politics, technology, and the economy? What if a profession existed solely to serve your needs? In fact, there is!
Learn everything you need to know about how to pursue a career as a Fund Manager by reading this blog, including what you must study and other information.
What does a Fund Manager do?
Major responsibilities that come with a career as a Fund Manager include:
- Conduct thorough research on all potential investment opportunities and offer the best advice possible to assist in better investing their clients’ savings.
- Finding the best investment strategies through research.
- Inform and give clients financial and investment advice that is simple to understand so they can decide for themselves what is best for them to interact with customers to learn about their needs.
- Learning about and researching various companies’ financial and future standing based on their projects, policies, and other factors, and advising potential investment strategies to their clients.
- Maintaining each client’s account.
- Modifying the investment plans.
- Provide financial guidance and advice on how to manage a client’s financial assets so they can earn higher returns.
- Provide ideas for financial investments.
Job profiles for a Fund Manager
If you want to pursue a career as a Fund Manager, there are specific job roles that you can apply for. Each position has a job description that is essentially the same.
- Active Fund Manager:
An active fund manager’s duties include researching market trends for active fund management, analyzing data, and keeping up with business news.
- Portfolio Fund Manager:
Depending on a variety of variables, including the client’s age, current income, potential future income, and capacity for risk, the Portfolio Fund Manager would work to create tailored individual portfolios for each client. Portfolio managers would need to advise clients on the best investment options as well as the various tools and investment strategies that are available to them.
- Investment Fund Manager:
Candidates for this position should concentrate on making important investment decisions that will give their clients the best results and returns. Here, Investment Fund Managers would collaborate closely with Financial Analysts to give them enough information to make a wise choice.
- Mutual Fund Manager:
Choosing the best stocks and bonds for a mutual fund requires candidates to consider factors like price-to-earnings ratios, dividends, price trends, and other factors. As one of the more popular job roles, a mutual fund manager is responsible for building an appealing portfolio of assets, bonds, and stocks.
- Passive Fund Manager:
A passive fund manager aims to mimic the portfolio returns of other funds rather than outperforming the index. The benchmark index’s securities are traded by this person.
Career path to be a Fund Manager
Most often, we get confused about which stream and degree might be the best for the career we want to pursue. If you are confused about how you can pursue a career as a Fund Manager, check this section.
Complete your 10+2 in the Commerce field. After completing your 12th-grade year, you must enrol in an undergraduate program in finance, business administration, economics, or commerce. In the sections below, we will provide a list of the undergraduate and postgraduate courses you can consider to pursue a career as a Fund Manager. After your graduation, you can start a master’s degree such as M. Com or MBA.
Read this blog if you want to know more about your career as a Fund Manager- How to become a Fund Manager?
Salary in different career stages of a Fund Manager
If you are wondering whether a career as a Fund Manager is rewarding, we’ve made this salary table just to put your worry to rest.
Skills required to be a Fund Manager
To pursue a career as a Fund Manager, you would need to develop these skills.
- Analytical abilities:
A fund manager must be able to forecast stock behaviour using both quantitative and qualitative analysis. People who choose a career as a fund manager must analyze the impact of things that are difficult to measure.
A fund manager must be able to communicate with many people daily. To make decisions about investments that will help them achieve their goals, fund managers must be able to communicate clearly with their clients and comprehend their needs.
- Interpersonal skills:
Interpersonal skills are among the most important characteristics of a fund manager. The analysts and traders must be supported by the fund manager. To prevent any mismanagement, he or she needs to effectively communicate with them.
- Organizational Skills:
A fund manager is responsible for overseeing the portfolios of numerous clients’ funds. He or she is responsible for monitoring each account’s trading activities. Those who choose a career as a fund manager must develop investment plans to guarantee higher returns.
Problem-solving abilities are necessary for a career as a fund manager. People who want to work as fund managers need to know when to make adjustments to their investment plans to reduce risk and maximize returns.
Is Fund Manager a good career option?
Since individuals from the business class to the middle class have begun to show interest in it and make investments in the stock market and mutual funds, the investment industry has been flourishing. Financial institutions and other organizations that manage investments typically employ fund managers because investors trust them with their money.
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Types of industries hiring Fund Managers
Here are some of the employment opportunities available for pursuing a career as a Fund Manager.
- Banking Industry
- Investment Banking Organizations
- Investment Consultancies
- Mutual Fund Organizations
Top recruiters for Fund Managers
- Aditya Birla Sun Life Mutual Fund
- DSP Blackrock Mutual Fund
- Franklin Templeton Mutual Fund
- HDFC Mutual Fund
- IDFC Mutual Fund
- ICICI Prudential AMC Ltd
- Kotak Mahindra Mutual Fund
- Reliance Mutual Fund (Nippon India Mutual Fund)
- SBI Mutual Fund
Courses to upskill as a Fund Manager
Take a look at these certificate programs to learn the fundamentals of investment fund management if you’re interested in learning more about a career as a fund manager.
- Introduction to Business Finance
- Introduction to Financial Management for Managers
- Introduction to Investment Banking
- Introduction to Investment and Gold Trading
- Financial Management for Managers
- Understanding and Cash and Fund Flow Concepts
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Qualifications to be a Fund Manager
To pursue a career as a Fund Manager, you need to have immense knowledge about investments, how the market works, finance, and related topics. You can gain this knowledge easily by pursuing degree programs and earning a specialization in the field that will help you qualify as a certified Fund Manager. Take a look at the degree courses you can study.
Degrees in India
Here’s a list of the undergraduate and postgraduate degree programs you can study in India to pursue a career as a Fund Manager.
Undergraduate courses in India
- Bachelor of Business Administration
- BBA in Finance
- B. Com in Financial Management
- B. Com in Investment Management
- B. Com in Taxation and Finance
Postgraduate courses in India
Here’s a table of the M. Com and MBA Specializations
|M. Com Specialization
|Banking and Insurance
|Banking and Insurance
Here’s a list of the undergraduate and postgraduate degree programs you can study abroad to pursue a career as a Fund Manager.
Undergraduate courses abroad
- Bachelor of Commerce- Finance
- Bachelor of Finance
- Diploma in Business Accounting
Postgraduate courses abroad
|MSc Financial Analysis and Fund Management
Books you can read
For those who want to pursue a career as a Fund Manager, the following books are some that they can read:
- Fault Lines – How Hidden Fractures Still Threaten the World Economy by Raghuram Rajan
- One up on Wall Street: How to use what you already know to make money in the market by Peter Lynch
- Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger
- The Most Important Thing: Uncommon Sense for the Thoughtful Investor by Howard Marks
- Warren Buffett’s annual letters to shareholders
Famous fund managers
- Abigail Johnson
- John “Jack” Bogle
- John Templeton
- Peter Lynch
FAQs related to a career as a Fund Manager
How much does a Fund Manager earn?
On average, Fund Managers earn approximately Rs.1,067,183 per annum on an average.
What are some job roles for a Fund Manager?
Active Fund Manager
Portfolio Fund Manager
Investment Fund Manager
Mutual Fund Manager
Passive Fund Manager
What is the fee for studying MBA in Finance?
MBA in Finance will cost you between Rs.400,000 to Rs.2,000,000.
How long does becoming a fund manager take?
Employers have different requirements for portfolio managers, but most want at least five years of experience in the financial sector. Additional leadership experience, such as that of an assistant portfolio manager, may be required by employers.
What does a Fund Manager do?
A fund manager is in charge of executing a trading strategy and overseeing the fund’s investments. They oversee analysts, conduct research, and make crucial investment choices for pensions or mutual funds.
Is a career as a Fund Manager a good option?
Although it takes a lot of work and excellent critical thinking and decision-making skills, becoming a fund manager can be very lucrative. A bachelor’s degree is required for candidates who want to work as fund managers. Additional certifications and experience might be needed for these positions due to the high level of competition.