Skills & Talents
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Facts & Trends
Skills & Talents
The money management industry is booming and offers a variety of career
options. This field deals with the largest markets of any kind in the
world and call on the following skills:
|Key Skill Area
|Ability to synthesize:
- On the Buy Side
- The field of money management involves working on the opposite side of the fence from the investment banks.
That is why this field is known as the "buy side."
- More Humane than Investment Banking
- Many investment bankers are "Type A" personalities whereas money managers aren't as hard-charging.
The job calls for a mix of Type A and Type B.
- Must be Able to Take Risk
- Money managers get to face the challenges of investing. If you like the excitement of selecting investments
and can deal with the uncertainty of waiting for the payoff this field is for you.
- It's Important to Have a Broad Understanding of Business
- One of the exciting things about investing is that you get rewarded for knowing how business works.
People who understand and enjoy business are among the most likely to succeed in this arena.
- You Gotta Hang In There
- You need to be a tenacious person to succeed in money management.
It's tough to break into the business but once you have experience, the rewards can be high.
Be prepared to hang in there through some tough times.
- Approaches are Diverse
- There are many styles and approaches to investing. You can approach the field in a very technical way
with heavy reliance on computers or, instead, resort to a common sense, low-tech approach. One of the leading
investors of our time, Warren Buffett, employs a small staff and spends little time with quantitative
models when making investment decisions.
- Think About How You Are Going to Get Started
- Because it is so hard to break into money management it is advisable to think carefully about your entry strategy.
You have to bring something to the table in an interview that others can't. This will either be superior
knowledge and understanding or experience. A good place to start is to get experience in investing by
working for a public pension fund, a bank trust department or for a mutual fund.
Money Management Jobs