No two days are the same, which is why you could be considering getting into asset management. With how many people try breaking into the field, you’ll have a lot of competition.
With a few tips, you can make it much easier for yourself, and you’ll get into your dream job. Three tips stand out with this, as they’ll increase your chances of success in asset management.
Here are the 3 Top Tips of Asset management.
1. Get Your Feet Wet
Nobody walks into an asset management firm at a high level. You’ll likely end up needing to start with an entry-level role. It’s worth looking into some of the more successful firms to work with for this, such as M&R Capital Management.
Focusing on the asset management firm you want to work with long term helps with this. It lets you move up the ladder much quicker, and without needing to bounce around different firms. You’ll save yourself time and effort.
2. Pay Your Dues
In quite a few cases, you won’t be able to walk straight into an asset management role. It’s why you’ll need to get your feet wet at the start. You’ll also need to put in your dues, which usually means working in a support role for some time.
While this varies depending on you and the company you’re working with, it’ll take at least a year or two. Some of the more notable roles you’re likely to work as during this period are:
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Trader
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Investment Analyst
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Researcher
Putting the effort in to excel in these roles helps you stand out and get to asset management much quicker.
3. Set Yourself Apart
Setting yourself apart from your competition is vital to any career, but it’s especially true with asset management. There’ll be countless others vying for the same roles you are, with many even wanting to take your job. You’ll need to make sure that doesn’t happen.
Setting yourself apart is vital to this. Doing this from the start makes sure you’ll increase your chances of success from the start. One of the more obvious ways of doing this is by earning a CFA charter through the CFA Institute.
The most successful professionals in asset management have this, and it helps kickstart your career. Get it as early as you can.
Getting Into Asset Management: Wrapping Up
Getting into asset management is an appealing proposition, but you’ll have a lot of competition when you’re breaking into the industry. You’ll need to out-do all of these people to make sure you can get into asset management and actually succeed in it.
By setting yourself apart, getting your feet wet, and paying your dues, you can maximize the chances of this happening. While you’ll still need to put the work in, it’ll be more straightforward than you’d first expect.
This is a contributed post.