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Career as Wealth Manager

Career as a Wealth Manager

About Wealth Manager

A Wealth Manager is a person who gives advises on wealth preservation, wealth transfer, wealth management and wealth growth. He is responsible for helping clients manage their expenses and plan their budget according to their need and requirements. They also help people to deal with other issues such as planning retirements and financial planning. Some of the major tasks performed by the wealth manager are customizing the range of services available as per the need of clients, doing tax planning and estate planning, meeting clients regularly to review goals and providing wealth management services.

Besides this, wealth managers also provide assistance about other issues such as how clients will send their children to colleges, living after retirement and savings for the wedding. They are mostly hired by companies from the financial and insurance industries. Apart from this, wealth managers are hired by clients for a short period or long period depending on the need and requirements of the clients. Sometimes wealth managers are hired by clients to sell and buy stocks for them. Candidates who are looking for a career as a wealth manager should have a good knowledge of business and investment planning. 

Eligibility to become Wealth Manager

Candidates should satisfy the minimum eligibility requirements provided below

Education: Candidates who are applying for a job as a wealth manager must have cleared a bachelor degree from any of the business, finance, economics, management branch. Besides this, candidates who hold any certification in the finance-related field will be preferred. 

Experience: Companies hires candidates who own some experience in finance and planning industry. Candidates may opt for part-time job option at any financial related industry to gain some experience. Besides this, they can apply for a complete certification program to learn some additional topics. 

Skills: Besides the academic requirements, a Wealth Manager must own some skills related to financial planning and management. Some of the important skills recommended for a Wealth Manager are listed below

  • Excellent Communication Skills
  • Analytical skills
  • Good Memory
  • Good Decision Making
  • Maths knowledge
  • Good knowledge of financial markets
  • Enthusiasm
  • Discipline and responsibility
  • Passion for the profession
  • Confidence
  • Professionalism
  • Problem solving
  • IT capabilities

Types of Job Roles Wealth Manager

Wealth management provides a range of career options. Job roles for wealth managers will depend upon the type of industry at which the candidate is working. Some of the job roles available for wealth managers are listed below.  

  • Portfolio Manager
  • Relationship Manager
  • Senior Relationship Manager
  • Senior Manager in Wealth Management
  • Business Development Manager
  • Financial Advisor
  • Financial Analyst
  • Associate Wealth Manager

Employment Opportunities for Wealth Manager

Wealth managers are mostly hired by clients for short-term or long term depending on their need. However, wealth managers can also apply for a job at many financial companies. Some of the areas where the wealth manager can apply for a job are listed below. 

  • Financial Institutions
  • Asset Management Companies
  • Banks
  • Investment Agencies
  • Asset Management Companies
  • Fund Management firms
  • Consultancies

Top Recruiting Agencies for Wealth Manager

Some of the major recruiting companies hiring Wealth Managers are

  • Angel Broking
  • Armstrong Capital Advisory
  • Centrum
  • Bajaj Capital
  • Invest Advice
  • Magnus Capital Services
  • Wealth Advisors
  • ClientAlley
  • BFC Capital
  • Avendus Wealth Management
  • AUM Capital

Planning to choose Wealth Manager as your career?

Pay Scale/Salary of Wealth Manager

Salary of a wealth manager will depend upon his experience and qualification. Besides this, some of the major factors which will decide the annual salary of a wealth manager are job type, company type, skills and job role.  


Starting Salary per annum (in INR)

Mid Level Salary per annum (in INR)

Senior Level Salary per annum (INR)

Wealth Manager




Financial Analyst




Relationship Manager




Portfolio Manager




Books & Study Material to Become Wealth Manager

A wealth manager needs to stay updated with the current trends of the financial market and investment sectors. He must also be qualified enough to provide investment and management advice to the clients as per their need. There are many books available for a wealth manager that can help him gain some additional skills. Some of the recommendations are listed below.

  • Capital without Borders: Wealth Managers and the One Percent by Brooke Harrington
  • Wealth Management in the New Economy by Norbert M. Mindel, Sarah E. Sleight 
  • The Total Money Makeover by Dave Ramsey
  •  Wealth Management Unwrapped by Charlotte B. Beyer
  • Wealth Without Stocks or Mutual Funds by John Jamieson and Randy Glasbergen
  • Private Wealth Management by G. Victor Hallman and Jerry Rosenbloom
  • A Wealth of Common Sense by Ben Carlson
  • The New Wealth Management by Harold Evensky, Stephen M. Horan, Thomas R. Robinson and Roger Ibbotson
  • The Millionaire Next Door: The Surprising Secrets of America’s Wealthy Richest Man In Babylon
  • by George S Clason by Stanley Thomas

Pros of becoming a Wealth Manager

  • They can work in government organizations or private organizations
  • Wealth managers who are working independently can also choose their working hours as per their convenience. 
  • Their earning will depend on client satisfaction
  • They get the advantage of working in any industry. They can apply for a job either at a bank or an insurance company.
  • Being a wealth manager allows one to explore different fields.

Cons of becoming a Wealth Manager

  • People prefer consulting from those managers who are certified and well qualified.
  • Their work hours are not limited. Sometimes wealth managers will have to work over the weekend too.
  • Job as a wealth manager is stressful. They will have to deal with different kinds of clients.
  • Wealth managers get no job security. 

Paths for Being Wealth Manager

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