How Many Jobs Are Available In Investment Managers?
In This Article
Decided to land investment managers job but wondering How Many Jobs Are Available In Investment Managers? Find out the job number of investment managers.
Nearly 1,000,000 jobs are available in different investment manager roles in the United States, such as financial advisor, research assistant, and portfolio manager.
As people and businesses become more aware of their assets, the demand for investment managers has skyrocketed because it’s the duty of investment managers to manage their client’s money in the best way possible.
Also, when it comes to financial planning and investment, there are no other options than contacting or hiring an investment manager.
Now, there are many opportunities available in this field that were not in the last five years. This sector now has new roles and new career prospects.
This article will help you know how many jobs are available in investment managers, what are the job roles and how much they pay.
What Is An Investment Manager?
Investment managers are those who manage, create strategies and investment portfolios and invest on behalf of clients. An investment manager is often called an asset or fund manager.
In short, an investment manager tackles the overall financial activities of a business, individuals, or investment firms.
How Many Jobs Are Available In Investment Managers?
Hundreds of thousands of jobs are available in many investment managers’ roles.
The following are some of the best available investment managers’ jobs.
- Finance Manager: 385,000+ Jobs
- Finance Analyst: 380,000+ Jobs
- Finance Advisor: 200,000+ Jobs
- Research Assistant 190,000+ Jobs
- Wealth Manager: 90,000+ Jobs
- Credit Analyst: 64,500+ Jobs
- Trader: 28,500+ Jobs
- Investment Banking Analyst: 21,000+ Jobs
- Equity Trader: 20,000+ Jobs
- Portfolio Manager: 12,500+ Jobs
Which State Is Best For Investment Managers?
Every state is the best state in investment managers’ roles. No matter where you work, you’ll have an excellent career prospect; however, according to salary reports from investment managers across the country.
We’ve found that a few states are the best in terms of minimum wage, job availability, and other benefits.
17 Best states to work as an investment manager:
- Rhode Island
- New York
- North Dakota
- New Jersey
- District of Columbia
- North Carolina
Types Of Investment Managers
There are two types of investment managers available on the market.
Business Investment Managers
Business investment managers can work for organizations where they will take care of the organization’s financial plans, portfolios, and other investments.
They also work in investment firms where they get money from their clients and invest on their behalf.
Personal Investment Managers
A personal investment manager can work with one individual or more at a time. They assess their wealth, suggest beneficial investments, evaluate investments, and give advice on maintaining their investments.
The role of an investment manager remains the same whether they work for organizations, investment companies, or individuals.
Is Investment Managers A Good Career Path?
Yes, investment management is a lucrative career path as there are many subsidiaries of this career path, and you can work in a range of work settings.
Also, for those good with finance willing to have a career path with lots of learning and earning opportunities, then being an investment manager should be their first priority.
How Much Do Investment Managers Make?
The average annual salary of investment managers varies on a few elements, such as working experience and profession type. Those working in entry-level roles earn between $41,000 to $52,000 a year.
Investment managers with two to five years of working experience make an average yearly salary of $64,000 to $78,000.
Lastly, senior and highly experienced professionals make $80,000 to $115,000+ annually.
Requirement To Get A Investment Manager Job?
To begin your career in the investment management field, the first requirement to fulfill is a Bachelor’s degree. You must have a degree to onboard into this career path.
So, which degrees are most valued in this sector?
Here are a few:
- Financial Management
Essential Skills Of Investment Managers
Skills are key components of one’s career success. You should have some important skills to ensure a smooth investment management journey.
As dealing with clients is your regular task, you must effectively communicate your thoughts and plans to clients, which will help them understand your goal.
In order to stay focused and prioritize your workload, organizational skill is necessary. Not only does organization skill help you to manage time productively, but it also allows you to use resources efficiently.
Jobs in investment management require you to do lots of presentations to display plans and goals with co-workers and clients. That’s why having presentation skills is also vital.
This is a must-have skill for investment management professionals because this industry is all about analytics. If you’re good at analyzing data, being successful in this career will be a matter of time.
With robust analytical skills, you can make sure of maximum return on investment and avoid potential risks.
Frequently Asked Questions
What’s The Average Salary Of Financial Analysts?
Financial Analysts make an average salary of $95,570 per year, according to the U.S. Bureau of Labor Statistics.
Which State Will Be The Best For Investment Managers?
As per our findings, New York will be the best place for investment managers as this site pays the highest and has the most demand for these professionals.
Can Investment Managers Have Their Own Company?
Of course! There are many investment companies whose founders also started their careers as financial advisors or wealth managers and established their own companies.
Can I Work In Investment Management Sector Without A Degree?
Yes, you can work in the investment management field even without a degree. But those positions aren’t the same as the ones we discussed above. Without a degree, you can get offshoots jobs such as assistant or helper to financial advisors.
How Many Years Of Working Experience Can You Six-Figure Salary In Investment Management?
Based on job openings, most employers are offering six figures in annual salary to professionals with at least FIVE years of working experience.