Over 110,000 jobs are available in Investment Management, according to Glassdoor. As the global economy expands, more and more people are looking for opportunities to grow their wealth. Thus, investment management professionals are needed to provide guidance and expertise.
Overview of the Investment Management Job Market
The Investment Management industry is a dynamic sector that involves managing financial assets such as stocks, bonds, real estate, and commodities on behalf of clients. The job market in the investment management industry is highly competitive. Thus, candidates with strong educational backgrounds, relevant work experience, and industry certifications have an advantage.
According to a PwC report, the demand for investment management talent is expected to grow significantly in the coming years. This is due to factors such as an aging population, increasing demand for retirement planning services, and the growth of alternative asset classes. This trend is reflected in the high number of job openings in the industry, as reported by Glassdoor, which lists over 110,000 job openings.
10 Most Common Available Jobs in Investment Management
A Risk Manager identifies and mitigates potential risks associated with investments or business operations. Strong analytical and problem-solving skills, knowledge of financial markets and investment products, ability to work with complex data sets are some skills they need. This is one of the best-paying jobs in investment management.
The minimum educational requirement is a Bachelor’s Degree in Finance, Economics, or a related field. An industry certification such as the Financial Risk Manager designation is a plus. The job outlook is positive with growth rate of 8% from 2021 to 2031. This will create over 1,700 new job opportunities in the US.
Portfolio Manager
Average Annual Salary: $118,240
Available Jobs: 6,000
A Portfolio Manager manages investment portfolios on behalf of clients or institutions. Strong analytical and communication skills, knowledge of financial markets and investment products are some skills they need. The minimum educational requirement is a Bachelor’s Degree in Finance or a related field, with some positions requiring a Master’s Degree.
The job growth rate is positive, as the BLS projects an 11% increase from 2021 to 2031. This will create over 10,900 new job opportunities in the US.
Operations Manager
Average Annual Salary: $103,650
Available Jobs: 2,000
An Operations Manager oversees the day-to-day operations of an investment management firm. Strong organizational and communication skills, ability to manage complex projects and processes, knowledge of financial markets and investment products are some skills they need.
The minimum educational requirement is a Bachelor’s Degree in Business, Finance, or a related field, with some positions requiring a Master’s Degree. The job growth rate is positive, as the BLS projects an 8% increase from 2021 to 2031. This will create over 6,400 new job opportunities in the US.
Investment Banker
Average Annual Salary: $100,890
Available Jobs: 3,000
An Investment Banker advises clients on financial transactions, such as mergers and acquisitions or public offerings. Strong analytical and communication skills, knowledge of financial markets and investment products, ability to manage complex projects are some skills they need. The minimum educational requirement is a Bachelor’s Degree in Finance, Economics, or a related field.
The job outlook is positive with 7% growth rate from 2021 to 2031, according to the BLS. This will create over 3,800 new job opportunities in the US.
A Quantitative Analyst develops and implements quantitative models and tools to inform investment decisions. Strong analytical and programming skills, proficiency in statistical software and programming languages such as Python or R, knowledge of financial markets and investment products are some skills they need.
The minimum educational requirement is a Bachelor’s or Master’s Degree in a quantitative field such as Mathematics, Statistics, or Computer Science. The job outlook is positive with growth rate of 10% from 2021 to 2031, according to the BLS. This will create over 1,600 new job opportunities in the US.
Trader
Average Annual Salary: $89,860
Available Jobs: 5,000
A Trader executes trades on behalf of clients or the firm. Strong analytical skills, ability to work quickly and accurately under pressure, knowledge of financial markets and trading strategies are some skills they need.
The minimum educational requirement is a Bachelor’s Degree in Finance, Economics, or a related field. The job growth rate is positive, as the BLS projects a 5% increase from 2021 to 2031. This will create over 5,100 new job opportunities in the US.
Financial Advisor
Average Annual Salary: $89,160
Available Jobs: 29,000
A Financial Advisor provides financial planning and investment advice to clients. Strong communication and interpersonal skills, ability to analyze financial data and make recommendations, knowledge of financial products and services are some skills they need. The minimum educational requirement is a Bachelor’s Degree in Finance, Accounting, or a related field. An industry certification such as the Certified Financial Planner designation is a plus.
The job growth rate is positive, as the BLS projects a 5% increase from 2021 to 2031. This will create over 30,100 new job opportunities in the US.
Financial Analyst
Average Annual Salary: $83,660
Available Jobs: 23,000
A Financial Analyst analyzes financial data to inform investment decisions. Strong analytical skills, attention to detail, proficiency in Excel and financial modeling software are some skills they need. The minimum educational requirement is a Bachelor’s Degree in Finance, Accounting, or a related field.
The job outlook is positive, with 5% growth rate from 2021 to 2031, according to the BLS. This will create over 35,000 new job opportunities in the US.
Compliance Officer
Average Annual Salary: $72,520
Available Jobs: 5,000
A Compliance Officer ensures that investment management firms comply with relevant laws and regulations. Strong attention to detail, knowledge of relevant regulations and legal frameworks, ability to analyze data and identify potential compliance issues are some skills they need.
The minimum educational requirement is a Bachelor’s Degree in Business, Law, or a related field. The job growth rate is positive, as the BLS projects an 8% increase from 2021 to 2031. This will create over 12,700 new job opportunities in the US.
A Fund Accountant ensures accurate and timely accounting for investment funds. Strong attention to detail, proficiency in accounting software and Excel, knowledge of financial products and markets are some skills they need.
The minimum educational requirement is a Bachelor’s Degree in Accounting, Finance, or a related field. The job outlook is positive with growth rate of 6% from 2021 to 2031, according to the BLS. This will create over 4,400 new job opportunities in the US.
Other jobs available in Investment Management
Business Development Manager ($126,640)
Research Analyst ($76,540)
Client Service Representative ($43,620)
Marketing Manager ($135,900)
Wealth Manager ($123,310)
5 Most Common Available Entry-Level Investment Management Jobs
An Investment Analyst conducts research and analysis to support investment decisions. Strong analytical skills, proficiency in Excel and financial modeling, knowledge of financial markets and investment products are some skills they need.
The minimum educational requirement is a Bachelor’s Degree in Finance, Economics, or a related field. The job outlook is positive with growth rate of 5% from 2021 to 2030, according to the BLS. This will create over 1,300 new job opportunities in the US.
Fund Accountant
Average Annual Salary: $63,450
Available Jobs: 2,000
A Fund Accountant ensures accurate and timely accounting for investment funds. Strong attention to detail, proficiency in accounting software and Excel, knowledge of financial products and markets are some skills they need.
The minimum educational requirement is a Bachelor’s Degree in Accounting, Finance, or a related field. The job outlook is positive with growth rate of 6% from 2021 to 2031. This will create over 4,400 new job opportunities in the US.
Trading Assistant
Average Annual Salary: $58,230
Available Jobs: 1,000
A Trading Assistant supports traders in executing trades and managing portfolios. Strong analytical and organizational skills, ability to work quickly and accurately under pressure, knowledge of financial markets and trading strategies are some skills they need.
The minimum educational requirement is a Bachelor’s Degree in Finance, Economics, or a related field. The job growth rate is positive, as the BLS projects a 5% increase from 2021 to 2031. This will create over 1,500 new job opportunities in the US.
Operations Associate
Average Annual Salary: $54,180
Available Jobs: 1,000
An Operations Associate assists with the day-to-day operations of an investment management firm. Strong organizational and communication skills, ability to manage multiple tasks and priorities, knowledge of financial markets and investment products are some skills they need.
The minimum educational requirement is a Bachelor’s Degree in Business, Finance, or a related field. The job outlook is positive with growth rate of 8% from 2021 to 2031, according to the BLS. This will create over 3,000 new job opportunities in the US.
A Client Service Associate provides support to investment advisors and clients. Strong communication and interpersonal skills, ability to multitask and prioritize, knowledge of financial markets and investment products are some skills they need.
The minimum educational requirement is a Bachelor’s Degree in Finance, Economics, or a related field. The job growth rate is positive, as the BLS projects a 5% increase from 2021 to 2031. This will create over 1,600 new job opportunities in the US.
What is the Job Description of an Investment Management Professional?
Investment Management professionals are responsible for managing investment portfolios on behalf of clients, which can include individuals, institutions, and corporations. They work to generate returns on investment while minimizing risk and ensuring that investments align with their clients’ goals and objectives.
Investment Management career paths encompasses a range of activities, from selecting and buying individual securities to constructing and managing diversified portfolios.
7 major activities carried out by investment management professionals include:
Conducting research and analysis on financial markets, securities, and investment opportunities.
Identifying potential investment opportunities that align with clients’ goals and risk tolerance.
Developing investment strategies and constructing investment portfolios.
Monitoring and managing investment portfolios to ensure that they remain aligned with clients’ goals and objectives.
Communicating with clients to keep them informed about their investments and any changes to their portfolio.
Conducting performance analysis and reporting to clients on the performance of their investments.
Staying up to date on changes in the financial markets, economic conditions, and regulatory requirements that could impact investment decisions.
How to Apply and Get a Job in Investment Management?
Getting a job in investment management can be challenging. It is a highly competitive field that requires a unique set of skills and qualifications.
5 unique steps to apply and increase your chances of getting a job in investment management:
Develop a strong foundation in finance
To succeed in investment management, you need to have a solid understanding of financial markets, securities, and investment analysis. Pursue a Degree in Finance or a related field, and focus on building a strong foundation in Financial analysis, Accounting, and Economics.
Pursue a CFA certification
A Chartered Financial Analyst (CFA) certification is highly regarded in the investment management industry. It demonstrates your knowledge and commitment to the field. Consider pursuing a CFA certification to increase your credentials and marketability.
Learn a second language
Investment management is a global industry, and knowing a second language can be an asset. Consider learning a second language, particularly if you are interested in working with clients or investments in international markets.
Build a professional network
Networking is critical in the investment management industry, as many jobs are gotten through personal connections and referrals. Join professional organizations, and reach out to professionals in the field to build relationships and learn about job opportunities.
Take a unique approach
In addition to the traditional job search methods, consider a unique approach. This includes creating a blog, podcast or YouTube channel that focuses on investment management topics. This can help showcase your knowledge and expertise and potentially catch the attention of employers.
How to apply and get an entry-level job in investment management?
5 basic steps to apply and get entry-level positions in investment management:
Develop technical skills
Entry-level jobs in investment management often require strong technical skills, such as proficiency in Microsoft Excel, financial modeling, and data analysis. Consider taking courses or certifications in these areas to build your skills and demonstrate your knowledge to potential employers.
Create a compelling resume and cover letter
Your resume and cover letter should highlight your relevant skills, coursework, and experience, and demonstrate your passion and interest in investment management. Tailor your resume and cover letter to each job application, highlighting how your skills and experience align with the job requirements.
Apply for internships
Internships are a great way to gain hands-on experience in investment management and can often lead to full-time job offers. Look for internship opportunities at investment firms, asset managers, or financial advisors, and apply early and often.
Seek out entry-level positions
Look for entry-level positions at investment firms, banks, or financial advisors. These opportunities can provide valuable hands-on experience and can often lead to full-time job offers.
Join relevant organizations
Joining organizations like the CFA Society or the Investment Management Association can help you stay up to date on industry news and trends. It will also provide opportunities to network with professionals in the field.
Additional tips for finding available jobs in investment management
Join industry-specific groups
Join investment management groups on LinkedIn and other social media platforms to connect with professionals and learn about job openings.
Look beyond traditional finance hubs
Look for job opportunities in investment management outside of traditional finance hubs like New York and London. Focus on emerging markets or smaller cities.
Be open to different types of positions
Be open to different types of positions in investment management, such as back-office roles or positions in wealth management.
Consider a career switch
Consider switching to a career in investment management if you have experience in a related field like accounting or finance.
Consider part-time or contract work
Consider part-time or contract work in investment management to gain experience and potentially transition to a full-time position.
What are the Educational Requirements, Training and Certifications for Investment Management Jobs?
The educational requirements, training, and certifications for investment management jobs can vary depending on the specific role and company.
Educational Requirements
A Bachelor’s degree in Finance, Accounting, Economics, or a related field is required for most investment management jobs. A Master’s degree in Business Administration (MBA), Finance, or a related field can be beneficial and may be required for more advanced positions.
Training
Investment management professionals typically receive on-the-job training from their employers. Many firms also offer formal training programs for new hires to learn about the company’s investment philosophy, processes, and technology.
Certifications
The Chartered Financial Analyst (CFA) designation is a widely recognized certification for investment professionals. It involves passing three levels of exams and meeting certain work experience requirements.
Also, the Certified Financial Planner (CFP) designation can be useful for investment professionals who work with clients on financial planning.
Other certifications that may be useful for investment management jobs include the Chartered Alternative Investment Analyst (CAIA) and the Financial Risk Manager (FRM).
Where Do I Find Investment Management Jobs?
There are many platforms where you can find jobs specifically for the investment management industry.
5 major job boards to find investment management jobs:
eFinancialCareers
This job board specializes in Finance and Investment Management jobs. It features job postings from top finance companies around the world.
Wall Street Oasis
This platform offers job listings, career advice, and networking opportunities for investment professionals. It also includes a forum where users can discuss industry news and trends.
OneWire
This platform connects job seekers with finance and investment management companies. It offers job listings, career advice, and a personalized job search service.
CFA Institute Career Center
This platform is specifically for job seekers with the CFA designation. It features job listings, career resources, and networking opportunities.
The Ladders
This platform is geared towards experienced professionals and offers job listings for high-level investment management roles. You can search for jobs by location, job title, and salary.
What are the Skills Needed to Get a Job in Investment Management?
To succeed in an investment management career, there are several skills that are essential.
6 essential skills needed to get a job in investment management include:
Analytical skills
Investment management professionals need strong analytical skills to be able to analyze financial data, evaluate investment opportunities, and make informed investment decisions.
Communication skills
Good communication skills are essential to be able to effectively communicate investment strategies, performance updates, and recommendations to clients, colleagues, and stakeholders.
Attention to detail
Investment management involves working with large amounts of data. Professionals therefore need to be able to pay close attention to detail to ensure accuracy in their analyses and reports.
Critical thinking
Investment management professionals need to be able to think critically and strategically to evaluate investment opportunities and make informed decisions.
Teamwork
Investment management professionals need to be able to collaborate effectively with colleagues, share information and insights, and work towards common goals.
Financial modeling
Many investment management roles require proficiency in financial modeling, which involves creating detailed financial models and projections to evaluate investment opportunities.
What are the Factors Affecting the Availability of Jobs in Investment Management?
There are several factors that can affect the availability of jobs in investment management. Job seekers should always stay informed about these factors to gain a better understanding of the investment management job market.
5 key factors affecting the availability of jobs in investment management include:
Investor demand
The demand for investment management services can affect job availability. When investors are actively seeking to invest their money, investment firms may need to hire more professionals to handle the increased workload. Conversely, during periods of low investor demand, there may be fewer job opportunities.
Technological advancements
Advancements in technology can both create and eliminate job opportunities in investment management. For example, the increasing use of artificial intelligence and machine learning may lead to a greater demand for professionals with technical skills. At the same time, it may reduce the need for certain manual tasks.
Industry trends
Changes in the investment management industry can also impact job availability. For example, the rise of passive investing may lead to a shift in the types of jobs available and the skills required for those jobs.
Company performance
The performance of individual investment firms can also affect the availability of jobs. If a firm is performing well and experiencing growth, it may be more likely to hire new employees. On the other hand, if a firm is struggling or experiencing financial difficulties, it may have to cut back on hiring.
Regulatory environment
Changes in the regulatory environment can also impact the availability of investment management jobs. For example, new regulations may require firms to hire additional compliance professionals, while deregulation may lead to a decrease in regulatory-related job opportunities.
Conclusion: How Many Jobs are Available in Investment Management?
Over 110,000 jobs are in Investment Management, according to Glassdoor. Investment management is a dynamic industry with a range of job opportunities for those with the right skills and qualifications. With a proactive approach and a commitment to professional growth, individuals can succeed in this exciting and rewarding field.
FAQs: How Many Jobs are Available in Investment Management?
What is the most common job in investment management?
The most common job in investment management is the Financial Analyst. It involves analyzing financial data and making investment recommendations for clients or the firm.
What roles are available in investment management?
There are many roles available in investment management, including Financial Analyst, Portfolio Manager, Investment Banker, Trader, Risk Manager, Compliance Officer, among others.
Are there a lot of jobs in investment management?
Yes, there are generally a significant number of job opportunities in this field due to the demand for investment services and products.
Are investment management jobs easy?
Investment management jobs can be challenging and demanding, requiring a strong work ethic, analytical skills, and attention to detail. However, they can also be rewarding and offer opportunities for professional growth and development.
What is the hardest investment management job to get?
Some of the most competitive roles include Investment Banking, Private Equity, or Hedge Fund Management. These roles require advanced degrees and significant experience in the field.
