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Asset Management Analyst

Bulge Bracket Bank , 10,001+ employees
CareerPivot101

- Chicago, Illinois

- 9/25/20
Job/Career Demand
4.0
Positive Impact
3.0
Satisfaction
4.0
Advancement/Growth
4.0
Creativity
4.0
Work-Life Balance
4.0
Compensation & Benefits
5.0
Work Environment
5.0
Total Compensation
$87,000
Years of experience
2.0
Recommended Education
Bachelor's Degree
Male

What education would you recommend?

The barrier for entry has expanded quite a bit given that now the financial sector has to compete with the tech sector for talent. Traditionally a finance, accounting, or a general business major is what you will need to get a look.

What's a day in the life of a asset management analyst?

The beginning of your day will start with brushing up on market research, calls with internal product teams across your organization, or meetings with senior employees touching base new product offerings/analysis. From there, you'll work on supporting the research teams and sales & trading desk teams with analysis, client presentation, and ad-hoc work.

What's the best part of being a asset management analyst?

Depending on your firm, you will have access to a wide variety of highly specialized employees across the organization. The wealth of knowledge you're able to tap into is hard to rival. The hours are seldom insane; your typical day will begin around 7 AM and end around 6 PM/7 PM. If you enjoy asset management, there are a significant amount of specialized career paths you'll be able to pivot into as well.

What's the downside of being a asset management analyst? Words of caution?

Compensation isn't the highest compared to other finance industry peers. With people moving from active management to passive management, research teams have shrunk drastically. Unless you're planning to jump into research or product development, it will be relatively difficult to pivot into a different financial career without an MBA or your CFA.

What's the earning potential? Entry-level? Mid-level? Senior-level?

Earnings potential has leveled off for junior employees due to this facet of finance shrinking. Senior-level employees will make far north of six figures.

Advice on how to get started as a asset management analyst

Read financial publications to ensure you're up to date on the markets, have an idea of how global trends may affect global sectors, and network, network, network.

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