Career Path to become Portfolio Manager
Role / Profile
Who can become ?
A Portfolio Manager is a person responsible for making investment decisions and carrying out investment activities for an organisation or an individual. Portfolio managers work closely with a team of analysts and researchers to make informed decisions regarding investments. A Portfolio Manager is one of the important members in a fund investment as the invested money is under his/her control.
What are the roles/responsibilities of a Portfolio Manager?
A Portfolio manager is tasked with the responsibility of beating average market returns and providing the clients with a report of the performance as needed.
Some of the major responsibilities of a Portfolio Manager are:
• Design tailor-made investment solutions to the clients with minimum risks involved and maximum profits.
• Invest on behalf of the clients in various investment tools like mutual funds, bonds, shares, and others.
• Keep up with relevant investment and trade news to maintain in-depth knowledge of the market and come up with timely decisions.
• Maintain the client relationship by providing relevant information regularly and keep them appraised of the market conditions.
What are the skills associated with Portfolio Management?
• In-depth understanding of the market and the market policies
• Ability to take informed risks in order to maximise returns on the investment
• Good communication skills to help clients understand their financial situations
• High-level of research, analytical and statistical skills
• Good listening skills to understand a client’s requirements
What are the career outcomes after a Portfolio Management certification?
With a certification in Portfolio Management, you can expect to establish a successful career in the finance industry.
Some of the career outcomes you can expect:
• Senior Portfolio Manager
• Investment Consultant
• Hedge Fund Manager
• VP-Finance/Chief Finance Officer
What is the average salary of a Portfolio Manager?
The average salary of a Portfolio Manager is ₹ 12 Lacs per annum and with experience, it can go more than ₹ 30 Lacs per annum. A certified Portfolio Manager can earn and grow more than a non-certified professional.
What are the advantages of becoming a Portfolio Manager?
Portfolio Management is a reputed profession in the finance industry and is often a hugely lucrative one. You can expect to earn a lot more than most other profiles in the industry.
Following are some of the advantages of becoming a Portfolio Manager:
• To make investment decisions for others is a huge responsibility, which provides Portfolio Managers with enormous knowledge and wealth of experience to be successful in the financial industry.
• As Portfolio Managers work their way up the professional ladder, they increase their analytical skills and show great attention to details. These skills can lead them to better profiles in the future.
• Portfolio Management is an area where you can expect top notch packages and this is an incentive for attracting the best professionals in the industry.
Which profiles can go for a Portfolio Manager role?
• Fresh MBA/Finance Graduates
• Research Analysts
• Financial Analysts
• Assistant Finance Managers
• Corporate Financial Advisors
• Associate Portfolio Managers
• Fresh MBA/Finance graduates – If you are a fresh MBA/finance graduate and want to become a Portfolio Manager, you can acquire the skills through training.
• Non-experienced professionals-If you do not have experience in the field, recruiters are less likely to hire you or even call for an interview for a position like Portfolio Manager. Hence, such professionals can take up a certification course to gain the required skills and hands-on experience.
• Experienced professionals – With the required experience in portfolio management, it would be easy for you to get a job in the field.
Naukri Learning offers a variety of online Portfolio Management courses which will help you to boost your career, get better jobs and receive higher salaries.
What is the eligibility of a Portfolio Manager?
Though there is no fixed eligibility criteria, candidates with a background in economics, business, math and accounting are preferred. Most Portfolio Managers have a degree in engineering, computer science, commerce, finance, or physics. An MBA degree can offer candidates with extra benefit. Also, if you can get certified you can have an added advantage.
Why are candidates going for a Portfolio Manager role?
Portfolio Manager is a lucrative professional field and offers a lot of challenges that will help in shaping your career in the industry.
Some of the major reasons that candidates go for a Portfolio Manager role is:
• Fresh MBA/Finance Graduates- Most fresh graduates usually start as financial analyst or research analyst. However, if you have the knowledge and training to start a career in portfolio management, then you are one step ahead in your professional journey.
• Research Analyst/Financial Analyst
• For most research and financial analyst, portfolio management is a step up in the career journey.
• The scope in portfolio management is also higher as there are less professionals having the right skills and research analysts/financial analysts can have a number of opportunities if the get the skills with the help of a certification course.
• The salary of a portfolio manager is also relatively higher as compared to a research analyst/financial analyst.
• Associate Portfolio Managers- It takes around 2-3 years of experience as an Associate Portfolio Manager to become a Portfolio Manager and with there comes a striking rise in salary as well as a lot of benefits. One can expedite the career journey to a Portfolio Manager with the help of a certification.
Recruiters usually look for the following points while hiring a Portfolio Manager:
• Prior experience – Any prior experience in the field can make the recruiters interested in you. It is also great if you can have any transferable skills like statistical, analytical, and problem-solving.
If you do not have any prior experience, a certification can help pave a way to your dream of becoming a Portfolio Manager.
• Key Skills – Financial analysis, wealth management, investment advisory, relationship management, and market research.
Which are the top recruiters that hire Portfolio Manager?
Portfolio Management is an attractive position in the finance industry and a lot of professionals vie to get opportunities to start a career in this field. Some of the top recruiters that hire Portfolio Manager are Deloitte, PIMCO, J.P. Morgan, Fidelity Investments, Deutsche Bank and AIG.