If you are good at math, have a wide range of interests, and are looking for a career that can be rewarding both financially and personally, then you may consider an investment management career path. Here are some tips for those still in high school or who have just graduated on how to get started on an investment management career path.
What is Investment Management?
Investment management is the management of assets of an individual or company in order for them to meet specific investment goals. Due to the fact that you are basically advising people where to invest their money to make more money, you need to be knowledgeable about a lot of different types of investments – both long-standing opportunities and new opportunities that may arise.
Go to College
One of the best ways to get started on an investment management career path is to start by going to college and getting a bachelor’s degree in business administration with a concentration in finance. Most jobs available in investment management require a 4-year degree, and even if you find one that doesn’t, having a degree will give you some much needed basic background that will assist you in planning for a future in managing the finances of others.
Do an Internship
Either during your summers off from college or after you have completed your degree, look for an internship with a financial services company. This is a great step to take along your investment management path for a couple of reasons. First, many of these companies will hire interns that show promise in the investment management field, which will give you a leg up on the competition for one of these highly sought-after jobs. Secondly, should you decide to further your education and skill set by getting a certification in one of the investment management fields, some companies will actually pay for this training or schooling as an added incentive for employees.
Consider Getting a Certification
Most people in investment management specialize in one area of the field. Getting a certification in the area of investment management you have the most interest in can help jump start your career. Here are some of the areas which you get certified in:
- Charter Financial Analyst
- Certified Financial Manager
- Chartered Portfolio Manager
- Charter Asset Manager
- Certified Risk Professional
- Certified Government Financial Manager
- Certified Healthcare Financial Manager
One of the great things about following an investment management career path is that you have the opportunity to help people achieve their dream of financial independence, while making a decent living for yourself and your own family. However, in order to achieve that goal, you need to prepare yourself as fully as possible, be determined and dedicated, and love what you do. If you can manage all of those things, then a career in investment management may just be the perfect fit for you and give you a career for life that will make you proud.