Investment Management
Investment Management questions and answers
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Q: Investment Management?
My new career choice is Investment Management. I have a couple of questions:
1. What is the education requirements?
2. What is the base salary for Investment Management? Bonus Range?
3. Do this career require any traveling?
What is Mutual Funds? Is it sort of the Same? Do I work for a Investment Bank?
A: Well, first and foremost, Investment Management is a pretty broad industry, not an occupation, so you need to clarify what you would like to do in Investment Management. A Mutual fund and an investment bank are two different businesses within the investment management industry often times a company will have business lines in both areas. They do completely different things. As far as answering your questions, answers to 1,2,&3 are all the same, it depends on what you do in the business. You can work in sales, customer service, mathematics, marketing, human resources, economics, research, corporate finance, technology etc.. and still work in the Investment Management industry. Before you decide what you want to do with your life you should probably know what it is. You should look at the following links to start. Then come back and ask a more specific question people can actually answer.
Q: How would you recommend to learn more about investment management as a career?
I just joined an investment management firm as a business analyst but I don't know the first think about investment management. What would you books, courses, etc, would you recommend that I look improve my career?
A: Good Afternoon,
I am a financial advisor with Merrill Lynch. There is not anything that you will read, and/or find on the internet that will make you a successful financial advisor (or investment manager) or tell you to get into the business. Think about the job as an educated sales men or a relationship manager. You will have to find your clients, but your day to day activities is to service your clients and manage the relationship. If you are good with people and easy to make people trust you, then you will be successful.
You will have to learn the business and take exams, but that will never make you successful and/or keep you job. The basics are the Series 7, 63/65 or 66, life and health and your CFP. That will give you knowledge to work, but you can only use the information you have if you have clients. I have seen very smart people fail as advisors because they do not understand how to work with people and manage the relationship.
For information on how and how to become a financial advisor or investment manager, you can google the basics. The easiest way is to ask your friends / family / teachers if they would trust you with their money. Do not ask them to actually manage their money or make it a sales thing, but ask them if they think people would trust you with their net worth. If they say yes or no, ask why. For example, every one of my friends, family and clients, know that they can trust me and I am loyal to them. They know that my personality is to help them the most I can. Before I became an advisor, I asked my friends and family and they told me that they would trust me with their money because I would always put their best interest first. My good friends told me that they would because I have proven loyalty to them over and over again, and they know that if I do not know the answer to something, I will find it out before I ever pretend I know it.
The job is not as black and white as most people think it is, so I hope that helps. If you would like more information, e-mail me.
Q: Is it possible to get into investment management without financial/math degree?
I have completed law and then postgraduate studies in management. Currently I study towards IAQ but hope to take the next exam to get Cert IM. I work in investment funds administration so I do not have experience of working in front office. I have been thinking about trying to get a job as an investment analyst but I am not sure if I stand a chance with my education and experience. Any advice?
A: Find someone there who can push you inside.
Q: How do I start a business in investment management?
I have a passion for investment. I have done well in investing my own money. I would like to turn my passion into a full time job. How do I go to start an investment company to manage other people's money and earn a fee from it? Thanks.
A: Take a Series 65 exam. Form an investment management company and get an investment advisory license for it. Start marketing...
Q: Is investment management (for managing your own investments) a valid small business from tax standpoint ?
I was wondering if subscriptions to investment newsletters can be deducted while filing taxes. Normally - these need to go over a 2% of AGI cap for them to be deductible. However - if these can be considered a business expense - then it might be deductible - right?
A: ANYTHING MADE IS TAXABLE.SO IF IT IS UNDER $12,000 IN ITS OWN BRACKET YOU WILL GET A REFUND.
Q: What is the best investment management/tracking software?
I'm looking for the best software that will allow me to manage and track my investments, most of which are mutual funds and individual stocks. I have used Quicken and Money but they're too complex. I just need a simple program that will allow me to conduct simple analysis such as asset allocation models. Any suggestions would be greatly appreciated.
A: Quicken and Money are among the simplest. The other thing to look at is if your broker's website has some simple tools.
Q: Any good personal Finance( investment/ money management) books?
I want to improve my finances. I have some debt ( a little less than 1000). I have managed to almost completely clean and fix my credit history.
I have no student loans and any other type loans.However, I have savings, and no assets. I want to start investing and start learning about financial management and financial future. I also would like a book that will teach me about Real estate investment possibilities.
Any recommendations?
A: Don't read investment guide books like "Rich Dad, Poor" - they have taught me nothing. I prefer books such as "Reminiscences of a Stock Operator" - teaches you about the art of investing and how to learn from a great trader's [Jesse Livermore] strengths and weaknesses.
Q: Where should I start if i wish for a career in securities and investment management?
A: college (maybe even high school)
Q: Your perfect wealth management and investment firm?
What will be your perfect wealth management and investment firm? What do you find in firms out there that you wish you could change (realistically)?
Thanks.
A: Goldman Sachs comes pretty close, it's the envy of all, either didn't get involved too heavy in sub-prime or more likely figured out a way to contain it.
The one thing I would change is if a firm lowers guidance on a company, that company can stop communicating with them. This can cause more leniency in ratings not making it forward looking as it should be, many times the the stock prices have already depreciated and it's already a forgone conclusion that they will lower them, but by then the company doesn't care because it's already done.
The other thing I would change is I once saw out there a firm that opened itself up to any possible investment around the world. Jim Cramer says there's always a bull market somewhere....but he's predominantly talking US stocks. This firm targetted not only the world-wide stocks/funds, but futures, currencies, fine art, real estate, hedge-fund investements.....
Q: Which is better - supply chain management or Investment Banking?
I am doing MBA. I am interested in operations and Supply Chain Management. But I find that most of my school mates are vying for jobs in Investment Banks or Financial companies. I am not sure which is better.
A: Ask yourself - do you like working with problems that you can solve or do you like working with people and selling?
Operations/SCM - working with problems that you can solve
IB/financial (at the low level) - working with people, specifically by selling (and possibly making gigantic $$$ if you like the lifestyle and become an adviser or broker)
Q: How is investment management different from a hedge fund?
A: If you're talking about asset management firms, which should be the same thing. Your question is basically like asking, what's the difference between investment banking and M&A.
A hedge fund is just one piece that makes up what is known as asset management. Mutual funds, pension funds, etc.. are known to be under asset management. However, I suppose the major difference between hedge funds and those are that hedge funds primarily cater to accredited investors and various institutions, however a generally seen as more risky. Most hedge funds aim for absolute return rather than relative return. And also most of them employ more sophisticated methods of investment rather than say a long Mutual Fund.
Q: What college major would be prepare me for a career in investment banking, consulting, management...?
I want to get a job in investment banking, consulting, management, or private equity.
What college major would best prepare me?
A: I think that any of the general business type of degrees would do well, especially if you can specialize in a finance/accounting type major. I got a BS in management with a emphasis in mkting, and then went back to a larger university for a MBA and the consulting companies swarmed us. So, grab the finance, economics, and accounting courses and you will be set.
I went more the management side, then did the IT side, and have been somewhat stuck in the IT side of consulting, and then got hired in full time at the company where I did Proj Mgmt work. Its a good gig, but in retrospect... I wish I had more insight to the financial components.
Truth be told. I don't think it matters THAT much anymore as to what your undergrad studies are. Many top companies really do look for graduate degrees, so instead... I would consider some programs that run the BS to Masters combined programs.
Q: What is the difference between Sungard Investment Management System and JDE One World Software?
A: I am not familiar with Sungard, but I am quite familiar with One World. One World is a more or less total business management software package. It includes G L, inventory, purchasing, shop floor control, B M, billing, ARs, APs, etc.
Sungard from your description sounds like investment management software.
I rather imagine that the two serve two different purposes entirely.
Q: How Does Investment Banking Differ From Investment Management?
A: Investment banking is taking money from people who don't care as long as they make a profit and investing it in nuclear energy, gun dealing, pornography, land development, etc.
Investment management is taking money from people who don't care as long as they make a profit and investing it in nuclear energy, gun dealing, pornography, land development, etc.
Q: can i get a list of investment management companies in california?
investment managers in equity or fixed income. or hedge funds.
A: http://www.worldcatlibraries.org/wcpa/ow/9b7f0255820a7327.html