An Asset Manager is a person who manages client assets. He is responsible for analysing the assets and investments. The asset manager also identifies the amount of risk and gain in those investments. Some of the major tasks performed by an asset manager are managing multiple client accounts and maintaining effective interaction with stakeholders, communicating with clients for any needed account change, making needed changes to the portfolio of the client, creating impact analysis reports and organizing meeting with stakeholders to review their accounts. A good asset manager travels regularly to meet clients and stakeholders to generate reports for them in a timely manner.
There are many types of asset management such as financial asset management, infrastructure asset management, enterprise asset management, public asset management, IT asset management, fixed assets management and digital assets management. Candidates who are interested in managing asset activities can opt for a career as an asset manager. Asset managers are mostly hired by the management firms and banks.
Candidates must meet the minimum eligibility criteria mentioned below
Education: Candidates who are looking for a job as an asset manager must have cleared a graduate or postgraduate degree in finance. Most of the companies hire candidates who have cleared CFA (Chartered Financial Analyst) for key positions and an MBA in Finance. However, it is not mandatory to have a degree to start a career in asset management.
Experience: Candidates must have some experience to have a successful career in asset management. They can get some experience by working part-time at any finance-related company. Besides this, those who are new to this industry can also apply for a junior-level position to get some experience. After that, they can apply for a job as an asset manager.
Skills: Candidates should have certain skills to have a successful career in asset management. Some of the important skills are listed below.
The major function of an asset manager is to collect the data of an organization or a company and analyze its financial strength. He will be responsible for making reports and giving opinions on selling, holding or buying decisions of a particular stock. There are many job roles available for an asset manager. Some are given below.
Asset managers can apply for a job at asset management firms. They can check the job description decided by the company to know if a particular job is suited for them or not. There are many other sectors which hire asset managers. Some of the job opportunities for an asset manager are listed below.
Some of the top recruiting agencies for an asset manager are as follows
The average salary of an asset manager depends on the type of industry and location. An entry-level asset manager with 1-4 years of experience can earn up to 5 lakh per annum. There are some companies that also offer some bonus to the asset manager besides their monthly salary. Candidates can check the table below to know the average salary of an asset manager across all levels.
Starting Salary per annum (in INR)
Mid Level Salary per annum (in INR)
Senior Level Salary per annum (INR)
An asset manager should be updated with current marketing trends and strategies. He should be able to offer the best advice to the companies for their investments. Asset managers can also refer to some books to learn some new strategies for asset management. Some of the books recommended for asset managers are: