How to Become an Asset Manager

Asset managers oversee and examine a clients’ assets, be it a business or high net-worth individual. This could include property, money, stocks, commodities, and other investments. The rule of an asset manager is to maximise their clients’ ROI (return on investment).

Asset management is an incredibly appealing job for many students and young professionals in the world of finance. Many of the globe’s most prominent asset management companies supervise some of the most expensive collections of assets with ease.

Professionals with the skills and expertise to make intelligent choices for clients are significantly important to those companies. However, getting a role with a noteworthy business is not a walk in the park and will take a lot of effort and enthusiasm.

There are numerous paths into getting a role as an asset manager. You can get some of the fundamental qualifications needed by doing a university course or by taking industry-recognised qualifications to get a leg up on the competition, such as the Certificate of Quantitative Finance (CQF). Industry specific qualifications such as the CQF are seen as preferable to having only university degrees.

If you already have relevant skills or experience, you may be able to apply directly to an employer or train on the job, but this is a very competitive industry, and you need to do as much as possible to be seen as an attractive prospect for employers.

Qualifications Needed

One of the most important requirements in asset management roles is qualifications in quantitative finance and any other relevant subjects. These relevant subjects associated with asset management are computer programming, machine learning and AI, maths, and finance/accounting etc.

Undergraduate degrees are a decent way to get started with some of the rudimentary principles, it is recommended that anyone wanting to get into asset management should study on a quantitative finance course.

One of these qualifications would be the CQF. It was established specifically for applicants – usually with a degree-level education – that want to get onto the quantitative finance career ladder, usually with a career in asset management.

The CQF is extremely considerate for those with duties outside of their career and education, permitting learners to carry out the course on a malleable timeframe (between six months and three years).

Responsibilities of an Asset Manager

Asset managers are accountable for improving the profitability of a business or individual clients’ asset portfolio through quantitative analysis of assets and by keeping a close eye on market activity. It also includes generating summaries centred on this data and then providing it to the relevant parties.

Here is a list of some of the possible responsibilities of an asset manager: 

  • Enhancing profitability of assets
  • Operating and evaluating inventories of all assets
  • Coordinating with sellers to get the best deal for asset purchases
  • Investing capital on behalf of employers for forthcoming developments
  • Working with asset management programs and tools
  • Ensuring books are updated and precise
  • Examining materials, staff, and equipment
  • Attending client meetings
  • Liaising with co-workers and superiors