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Who is a Fund Manager?
Mutual funds with superior performance records often falter ~ John C. Bogle
In career as fund manager, individuals oversee the trading activities and implement the investment strategy to achieve the investment objective determined for the fund. A fund manager is a stock market professional who is responsible for managing funds’ portfolios in a mutual fund company. Students can study BBA and MBA to become fund managers. Numerous investors trust fund managers with their money for the right investments that ensure profitability. Here, we will discuss the details of the fund manager job, such as how to become a fund manager, fund manager license, fund manager job description, fund manager salary.
Fund Manager in a Nutshell
Are you searching for a fund manager job description? A fund manager is a stock market professional hired by a mutual fund company to manage the funds’ portfolio of numerous clients and oversee their trading activities. In an investment company, multiple managers oversee the clients’ money and make their respective decisions.
Quick Facts for Fund Manager
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Industry
Finance
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Average Salary in India
₹125195
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Suitable for
Male, Female, Others
A career as fund manager is suitable for everyone regardless of gender. Anyone can become a fund manager with relevant skills and work experience. There is no gender-based hindrance in the career a fund manager.
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Any special needs
Yes
A career as fund manager is a desk-based role. Individuals with special needs may also opt for this career. As it does not require frequent travel or fieldwork.
Table of Contents for Fund Manager
What is the role of Fund Manager?
A career as fund manager comes up with several responsibilities. A fund manager’s primary responsibility is to research and determine the best stocks, bonds or other securities that fit into the investment strategy of the fund that fulfils the requirements of the investors or outlined in the prospectus. Individuals who opt for a career as a fund manager buy and sell stocks, bonds or other securities. Fund manager job description includes support to equity research analysts and traders in a large firm.
Resource Links for Online MBA
Research
A career as fund manager involves researching and learning about various financial companies on various parameters such as policies, projects and processes.
Advising
A fund manager daily job routine involves providing advise and recommendations on the fund management for a client’s financial asset to ensure profitability and better returns.
Maintenance
A fund manager job duty includes maintenance of accounts of all clients. He or she makes changes in the investment plans keeping the client informed. He or she suggests new ideas for investments.
Planning
A fund manager job involves planning the investment strategy and making changes after analysing the market and current situation for making investments. He or she interacts with clients to know their requirements and make investment plans accordingly.
Types of a Fund Manager
There are two types of fund managers. We have provided their job description below with job titles.
Active Fund Manager: An active fund manager job duty involves studying the active fund management trends in the market, analysing data and staying updated on current and company news.
Passive Fund Manager: A passive fund manager tries to mirror the returns of funds’ portfolios instead of trying to outperform the index. He or she trades securities held in the benchmark index.
What is the workplace/work environment of Fund Manager like?
A fund manager usually works in an office environment. A fund manager daily job routine involves researching and analysing the financial market and performance of the stocks. Individuals who opt for a career as a fund manager spend the majority of work hours liaising with clients and attending meetings. He or she makes informed decisions concerning the financial goals of the clients. A fund manager analyses the financial data and liaises with analysts.
Does Fund Manager require travelling?
Likely
A fund manager does not require travelling on a daily basis. In career as fund manager, individuals may require travelling occasionally to attend meetings with clients or internal risk management and other teams.
Employment Shifts
Full Time, Work From Home
A career as a fund manager comes with a full-time employment shift. Work from home could also be provided in certain circumstances.
Employment Nature
Contractual, Permanent
Yes, a fund manager usually works from morning to evening in day shift business hours. Individuals who opt for a career as a fund manager may often be required to work till late evenings.
Work Place
Work From Home, Office
A fund manager workplace is an office of a financial institution. It is a desk-based job role that involves researching and analysing the financial market and performance of stocks. In career as fund manager, individuals communicate to clients, analysts and risk management teams to make effective investment strategies. Work from home could also be provided in this career concerning pandemic or other circumstances.
Presence in Geographical Area
Urban
People are more aware of the stock market and mutual funds in urban areas. Andhra Pradesh provides 119.5 per cent more pay than the national average to fund managers. New Delhi and Chennai also provide alluring pay packages to fund managers.
Time Pressure
Likely
There are fixed hours of functioning of the stock market. It shuts down at its usual time. On several occasions, trading activities may be announced on usual holidays or shut down hours. Individuals who opt for a career as a fund manager may spend additional hours in research and making investment strategies.
Overtime Details
In career as fund manager, individuals may often be required to work overtime to research and analyse the performance of stocks of certain companies. He or she has to make investment strategies and sudden changes in the investment plans based on the market analyses.
Weekly Hours of Work
Min 35 Hours
A career as fund manager is a senior-level position. It comes with a permanent work role in the company. There are also financial companies that hire fund managers on a contractual basis.
How to become a Fund Manager?
Steps to become a Fund Manager
What are the skills and qualities required to become a/an Fund Manager?
Do you want to know what are the fund manager requirements? So, in this section, we will be answering the most commonly asked question that how to become a mutual fund manager. In order to make a career as fund manager one must possess some skills. Some fund manager skills are mentioned below:
Problem Solving Skills: A career as fund manager demands problem-solving skills. In career as fund manager, individuals must know when to make changes in investment plans to avoid risk and ensure better returns.
Analytical Skills: A fund manager has to predict the behaviour of stock based on its quantitative as well as qualitative analysis. Individuals who opt for a career as a fund manager are required to analyse the effect of things that cannot be easily measured.
Communication Skills: A fund manager has to communicate with numerous people on a daily basis. In career as fund manager, individuals have to communicate effectively with the clients and understand their requirements to make investment decisions for achieving the goal.
Interpersonal Skills: Interpersonal skills are one of the most crucial aspects of a fund manager. A fund manager has to provide support to the analysts and traders. He or she has to effectively communicate with them to avoid any mismanagement.
Organising Skills: A fund manager has to manage the funds’ portfolios of multiple clients. He or she has to oversee the trading activities of each account. Individuals who opt for a career as a fund manager have to make investment strategies to ensure better returns.
Popular Online Finance Courses and Certifications
Which certifications and internships can be helpful in becoming Fund Manager?
We have provided below a list of relevant certification courses for aspiring individuals who want to opt a career as a fund manager. These courses may help them to upgrade their skills and knowledge of the stock market and mutual funds.
Internship Availability
Those who want to opt for a portfolio manager career path are required to begin from entry-level. There are numerous fund manager jobs that require fund management interns. One can find an internship in the financial industry through various recruitment websites such as Naukri.com, monster, Internshala, Lets Intern and LinkedIn. Fund management interns are usually assigned several responsibilities. It includes mining data and researching various financial companies and their stocks. He or she is often required to develop trading strategies. These fund manager job get the opportunity and exposure to indulge themselves in various activities of the financial industry such as developing investment strategies in FOREX, Equity, CFDs and Derivatives.
Career Path Progression for Fund Manager
Junior Fund Manager: A junior fund manager generally possesses a work experience of 1 to 4 years. His or her job responsibilities involve providing recommendations to clients to make investment decisions to buy or sell stocks, equity or other securities.
Senior Fund Manager: A senior fund manager generally possesses work experience of more than 10 years. His or her job involves managing the multiple accounts of clients. He or she maintains the funds’ portfolios and oversees the trading activities.
Fund Manager Jobs and Salaries
Junior Fund Manager
Contractual/Permanent
- Average Salary 42390
Job Description
A junior fund manager is responsible for processing analyses of the financial market and stock performance. He or she further makes investment recommendations based upon it.
Salary Description
A junior fund manager earns an average annual salary Rs. 508,682 per annum, according to payscale.com.
Senior Fund Manager
Contractual/Permanent
- Average Salary 208000
Job Description
A senior fund manager is responsible for managing a group of investments and assets. He or she handles financial products such as mutual funds. A senior fund manager makes investment decisions that meet clients’ financial goals.
Salary Description
A senior fund manager earns an average annual salary of Rs. 2,496,000 per annum, according to payscale.com.
What is the job outlook for Fund Manager?
The investment industry has been booming as people from the business class to the middle class have started taking interest in it and making investments in the stock market and mutual funds. Fund managers are usually employed by financial institutions and fund manager jobs where investors rely on them to make investment decisions with their money.
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Frequently Asked Questions for Fund Manager
Que. What is the average fee of MBA in Finance?
Ans.The average fee of MBA in finance ranges Rs. 400,000 to Rs. 2,000,000.
Que. What are the top colleges of fund managers?
Ans.Top fund manager colleges are:
| IIM Kozhikode | K.J. Somaiya Institute of Management Studies and Research, Mumbai |
| NDIM Delhi | Symbiosis Institute of Management Studies, Pune |
| IIM Lucknow |
Que. What are the top recruiters of fund managers?
Ans.Top Fund Manager Recruiters
| HDFC Mutual Fund | ICICI Prudential AMC Ltd |
| Reliance Mutual Fund (Nippon India Mutual Fund) | Aditya Birla Sun Life Mutual Fund |
| Kotak Mahindra Mutual Fund | SBI Mutual Fund |
Que. What is the average salary of fund managers?
Ans.The average salary of fund manager is Rs. 1067183 per annum.
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