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The Advantages Of Becoming A Mutual Funds Manager

November 7, 2013 by  
Filed under News and Reviews

A large number of people are looking for different ways to increase their earnings. Those who have cash to spare often consider investing in mutual funds. This type of investment consists of a group of stocks, and in general, it could be in one of forty-eight different categories. The categories include mid-growth and emerging markets. The types of investments vary as well. They could be international, balanced, fixed income, dividend or equity funds.

Brokers in this field of finance have to be talented and skilled at their work, and will enjoy a number of job opportunities when they are fully qualified. Various positions are available on a frequent basis because new investment companies are opened, and because a large number of people need the help of an investment professional to successfully increase their money. The job of a manager is to assist the client to enjoy as much profit from their investments as possible.

This career choice has many challenges, and can be particularly stressful at times because of the money for which the broker is responsible. It is necessary to work for a number years in order to create a reliable track record so that customers will entrust their money in your hands. Peter Lynch and Benjamin Graham are two of the top investment managers in the world, who have considerable reputations.

Accounting and economics are the two main subjects that require study for the position of a manager. It will definitely help if you are interested in these topics. Much of the work also involves market research. The first step to achieve is finding a reliable training institution that will provide courses of a high quality. The correct education is imperative for success.

First of all, the applicant will require good grounding in the basics of accountancy and the study of economics. Before moving on to more advanced courses, an Undergraduate Degree in Economics is advised. If you have known for some time that this type of job is your future, you can also take related subjects in your school career.

Next, you will require a master’s degree. This is referred to as an MBA Degree in Finance. The master’s degree will further your training in economics and accounting, and is a crucial step for your journey towards becoming a successful investment manager. One more stage is required, however, and it is the process of becoming a CFA, or a Certified Financial Analysis. Three exams must be passed for this qualification.

The final step will be to gather experience. Start by obtaining a trainee or junior position at an established investment firm. Training will be provided, and you will gain invaluable information of how real world investment procedures take place.

A good track record of about ten years is needed before you could be rewarded with the job of a mutual funds manager. When you have an established reputation, you may also consider starting a company of your own. Different firms offer different manager positions, but on average, you could earn up to $100,000 per year.

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Originally posted 2013-06-06 10:44:33. Republished by Blog Post Promoter

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