Asset Management Careers

List of Top 5 Careers in Asset Management

Below mentioned are some of the Asset Management Job Roles that a person can reach in his career.

  1. Market Research Analyst
  2. Credit Analyst
  3. Private Equity Specialist
  4. Equity/Debt Dealers
  5. NAV Fund Accountant
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Source: Asset Management Careers (wallstreetmojo.com)

Overview of Asset Management Career

Asset ManagementAsset ManagementAsset management is a method of managing funds and investing in both traditional and specialized products in order to generate returns consistent with the investor's risk tolerance. read more is the management of the investments on behalf of its investors. The job of asset management professionals is to source high-value mandates from wealthy individuals and advising them on the best investment decision that will enhance their portfolio value in the long term.

Asset management is a financial service offered by investment professionals to large corporate, government agencies, and financial intermediaries like banks or FIIs. Investors are allotted units for investing in the fund. The NAVNAVNet Asset Value is calculated by subtracting the total value of the entity's liabilities from the total value of its assets and dividing the result by the total number of outstanding shares.read more of the fund represents the performance of the same. JP Morgan, Goldman Sachs, DSP, Deutsche, Bank of America are one of the top asset management companies globally.

Career #1 – Market Research Analyst

Market Research Analyst – Job Description
ResponsibilitiesLeading the buy-side and sell-side research for the company and preparing various research reports which includes company profiles, calculation analysis, peer group comparison, and market outlook on the sector for the fund manager to take an informed decision.
DesignationEquity Research Analyst
Actual RoleHe will support the senior analyst in all the research-related activities including client meetings or arranging con-calls.
Top CompaniesJP Morgan, Goldman Sachs, Bank of America, DSP, Morgan Stanley.
SalaryThe median annual salary for a research analyst as of May 2018 was $ 63,120 As per Bureau of Labour statistics of US (https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm)
Demand & SupplyDemand for research analysts will continue to grow at a faster pace with the advancement in technology. Being a skilled job, the supply is less than demand.
Education RequirementA Bachelors Degree or an MBA from a reputed college.
Recommended CoursesCFP or MBA or CPA
PositivesHigh growth potential in the future with heavy compensation and exciting job profile.
NegativesLong working hours researching various industries/sectors can be a tiring job.

Career #2 – Credit Analyst

Credit Analyst – Job Description
ResponsibilitiesResponsible for interpreting financial information of the assigned company and provide with the credit report of the same to the debt fund managers with regards to the liquidity and financial stability for their decision making.
DesignationCredit Analyst
Actual RoleWork on complex financial models for assessing the creditworthiness of the borrower and the ability to repay the amount in the future.
Job StatisticsAs per the Bureau of Labour statistics of US https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm, the number of jobs in this category was 2,96,100 as of 2016 and are expected to grow by 11% from 2016 to 2026.
Top CompaniesMorgan, Goldman Sachs, Bank of America, DSP, Morgan Stanley.
SalaryThe median annual salary for a credit analyst as of 2016 was $ 85,660
Demand & SupplyCredit analyst brings a lot of knowledge from the debt market which is essential in any AMC to provide the right kind of support to the debt fund manager.
Education RequirementCPA / MBA from Tier -1 Universities with at least 5-10 yrs of exp.
Recommended CoursesCPA/ MBA
PositivesDetailed research enables the credit analyst to get complete information about the borrower company and also the industry in which he operates.
NegativesIt is a desk job giving full support to the debt fund managers hence can be a little boring for extroverts.

Career #3 – Private Equity Specialist

Private Equity Specialist?

Private Equity Specialist manages the Private Equity Fund of the AMC on behalf of the HNI investors.

Private Equity Specialist – Job Description
ResponsibilitiesResponsible for generating high returns for the investors by investing in non-listed private companies who have growth potential in them.
DesignationPrivate Equity Fund Manager
Actual RoleInvest the fund’s assets in private companies with high growth potential and generate multi-fold returns to the investors for taking such a high risk.
Job StatisticsAs per the Bureau of Labour statistics of US https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm, the number of jobs in this category was 2,96,100 as of 2016 and are expected to grow by 11% from 2016 to 2026.
Top CompaniesJP Morgan, Goldman Sachs, Bank of America, DSP, Morgan Stanley.
SalaryThe median annual salary for a private equity professional depends upon the returns he generates for the investors. However, it may vary anywhere between $3,00,000 to $5,00,000 annually and can further be increased taking into account the variable pay.
Demand & SupplyIs a very niche profile and only candidates from premier institutes are been appointed since it is a very highly paid job along with the requisite skill set.
Education RequirementCPA / MBA from Tier -1 Universities with at least 10-15 Yrs of Exp
Recommended CoursesCPA/ MBA/ IIT/ IIM/CFA
PositivesDirect contact with the wealthy HNI investors and the company management for investment in their company.
NegativesTakes a long time to crack a good deal. Mostly 6-12 Months and there is also a risk of the investment becoming zero.

Career #4 – Equity/Debt Dealers

Who is Equity/Debt Dealer?

Equity/Debt Dealer does dealing under the guidance of the Fund Managers.

Equity/Debt Dealers – Job Description
ResponsibilitiesDealing in equity/money market securities such as certificate of deposits, commercial paper, treasury bills, government securities, corporate bonds.
DesignationEquity / Debt Dealer
Actual RolePlace orders in the market from the trading terminal and execute the deal successfully.
Top CompaniesJP Morgan, Goldman Sachs, Bank of America, DSP, Morgan Stanley
SalaryThe median annual salary for equity/ debt dealer can be approx $ 75,000 to $1,00,000.
Demand & SupplyA highly demanded profile in the market since it requires a deep knowledge of all the equity and debt markets to do the dealings.
Education RequirementCPA / MBA from Tier -1 Universities with at least 5-10 Yrs of Exp
Recommended CoursesCPA/ MBA/CFA
PositivesActive involvement in the equity and debt markets since the full day goes sitting in the dealing room watching the behavior of the markets.
NegativesA time-oriented job since the individual has to reach the office before the market opens.

Career #5 – NAV Fund Accountant

Who is NAV Fund Accountant?

NAV Fund Accountant takes care of the NAV calculation of the fund.

NAV Fund Accountant – Job Description
ResponsibilitiesResponsible for accounting of the investment/redemption transactions of the investor, designation: fund accountant
DesignationFund Accountant
Actual RoleDaily NAV calculation and reporting the same to the investors and fund managers about the performance of the Fund.
Job StatisticsAs per the Bureau of Labour statistics of the US (https://www.bls.gov/ooh/business-and-financial/accountants-and-auditors.htm, the number of jobs in this category was 13,97,700 as of 2016 and are expected to grow by 10% from 2016 to 2026.
Top CompaniesJP Morgan, Goldman Sachs, Bank of America, DSP, Morgan Stanley
SalaryThe median annual salary for a NAV Fund Accountant as of 2016 was $ 70,500
Demand & SupplyIt’s an operative job profile since the NAV has to be calculated on a daily basis. There is a huge demand for this role since many new funds are been launched in the market in recent times.
Education RequirementCPA / MBA from Tier -1 universities with at least 5-10 yrs of exp/ engineering background.
Recommended CoursesCPA/ MBA
PositivesEnd-to-end accounting of the fund with exposure to all the investment decision taken by the fund managers & a stable profile.
NegativesThe daily routine job can be a tiring process for those who like to go out of the office and meet people. It’s a desk job that requires dedicated effort to complete the operations.

Conclusion

Asset management job is one of the top profiles which anyone can explore to get a good understanding of the equity and debt markets. It provides extensive experience to the candidate in the financial services sector. Once you work in an AMC, it will open multiple doors in the market in the form of banks, NBFC’s, stockbroking companies, investment banks, pension fundsPension FundsA pension fund refers to any plan or scheme set up by an employer which generates regular income for employees after their retirement. This pooled contribution from the pension plan is invested conservatively in government securities, blue-chip stocks, and investment-grade bonds to ensure that it generates sufficient returns.read more, government agencies, regulatory bodies like credit rating agencies, etc.

Recommended Articles

This has been a guide to Asset Management Careers. Here we provide the list of top 5 Asset Management job options, roles, and career paths, including Market Research Analyst, Credit Analyst, Private Equity Specialist, etc. You may also have a look at the below articles –

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