Management of Investments
Investment Management: What you need to know.
Investment Management
Investment management is about attaining investment objectives under specified constraints such as achieving the best possible return for a given risk. In order to meet these objectives, an investment manager may buy equity in an asset such as stocks, funds or real estate. Another option an investment manager has is to buy debt issued by governments and corporations. By managing such investments, the invest manager can achieve a higher return for an acceptable level of risk.
Investment managers fall into one of three basic categories: hedge funds and proprietary trading desks, mutual funds like Fidelity Investments and "other" - which include insurance companies such as New York Life. Investment management is a low-risk, high-reward industry - investment managers are generally paid a percentage of the entire amount they handle, whether or not they make or lose money for the client.
Compensation for more experienced investment managers, such as portfolio managers, varies greatly but tends to fall somewhere between $200,000 and $500,000. However, unlike their sell-side counterparts, asset managers typically enjoy great work hours (an average of about 60 hours/week) and a fair amount of stability.
Business school graduates can expect to receive slightly less than their sell-side counterparts, somewhere between $125,000 to $200,000 in salary and bonuses to start. It is important to note that if you're seeking a young, vibrant atmosphere - hanging out with other recent grads, making a lot of friends - this is not the job for you. Investment managers are generally older and have their own families, so at quitting time, they tend to head home. However, the industry's penchant for older, more experienced employees will not prevent advancement.
One of the great things about investment management is that success is measured objectively - if you make money, you move up. Finally, the greatest perk associated with investment management is that, as a buyer, sellers will constantly shower you with gifts and other enticements.
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