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For this paper I have researched the position of a portfolio manager. A portfolio manager
generally works at an investment firm and is the person responsible for making the decision of
where to invest fund assets. These assets normally come from people who have invested with the
company so a portfolio managers goal is to get investors the best return on their money. A
portfolio manager meets with a team of financial analysts and researchers to gather ideas or
opportunities that the market can offer. However, the portfolio manager has the pressure of
making sure that the strategy that was chosen will bring profits to the company and to the
investors (Granville, 2014).
There are several characteristics that tend to be important for a portfolio manager; one of
them that I found interesting is tenacity. A portfolio manager is normally the first one at the
office and the last one to leave. He has to follow the market, financial news, and virtually all
current events that could affect markets. When the market opens early in the morning he needs to
be in the office and ready to go. Throughout the day, he follows the markets looking for
Just like there are several types of portfolio managers, there are also several paths that
lead to being a portfolio manager, but most paths start by getting an entry-level position as a
financial analyst at either a portfolio management firm or an investment bank (Portal, 2014).
After getting to the entry-level position it is important to get additional training and pass
licensing examinations such as Series 7, 63 or 66 (Jenny, 2014). Networking is also an important
part of the job path that cant be ignored in the business world. It will probably take several years
as a financial analyst to gain the experience and connections needed to become a portfolio
manager. Another important step that can give an aspiring portfolio manager an advantage is
passing the three examinations needed for a Chartered Financial Analyst (CFA) certification
(Jenny, 2014).
The position of a portfolio manager is closely linked to the economy and how the markets
are doing; meaning if the markets and the economy are doing well, then there will be a lot more
positions open for this type of job. On the other hand, if the economy goes through another
Great Depression then portfolio management jobs will be harder to find. However, just like
with any career, when the economy is down people are going to lose their jobs, but the ones who
perform best will be most likely to keep their jobs. In an interview with a high profile portfolio
manager he talks about getting laid off during the recent recession due to the fact that the
My research agrees with the opinion of my neighbor about the pros and cons of being a
portfolio manager. The most common pros are that a portfolio manager enjoys the challenges
that the job offers and, since it is based on the markets, it is very stimulating. It is exciting to
work with the amount of money that a portfolio manager is in charge of managing and to get
well compensated for performing well. There is always the paperwork and the administrative
stuff that it is not as much fun and the schedule can be a con for some people. Portfolio
management is a competitive and intense career so it means a lot of hours at the office, arriving
at the office before the market opens and not leaving until after it closes. Individuals that cant
Carlson, R. (2014, December 7). What it is like to be a portfolio manager. (A. Levano,
Interviewer)
Granville, C. (2014, December 6). Preparing for a Career as a Portfolio Manager. Retrieved
from investopedia:
http://www.investopedia.com/articles/financialcareers/07/portfolio_manager.asp
Jenny, L. M. (2014, December 6). How to Become a Portfolio Manager. Retrieved from Wiki
How: http://www.wikihow.com/Become-a-Portfolio-Manager
Lee, S. H. (2014, December 12). Breaking Back Into Finance: How to Resurrect a Career in
Fund Management When Youre Stuck in a Dead-End Job. Retrieved from Mergers &
Inquisitions: http://www.mergersandinquisitions.com/breaking-into-fund-management/
Moynihan, B. (2014, December 11). Become a Portfolio Manager. Retrieved from Monster:
http://career-advice.monster.com/job-search/company-industry-research/portfoliomanagement-career/article.aspx
PayScale. (2014, December 11). Experienced Portfolio Manager Salary. Retrieved from
PayScale:
http://www.payscale.com/research/US/Job=Portfolio_Manager/Salary/4db5f988/Experie
nced
Portal, E. (2014, December 6). Portfolio Manager: Education Requirements and Career Info.
Retrieved from Education Portal: http://educationportal.com/articles/Portfolio_Manager_Education_Requirements_and_Career_Info.html