Concert Calendar New Releases Artist of the Week Classic Hits Links Listen Now Join the Workforce Promotions JC & the U-Man All Around Town Singles Connection Air Personalities Contact Info Advertise With Us Half Price Deals Great Outdoors Clubs / Venues St. Louis Attractions Career Channel Autoworld Traffic		Asset Management - manage money, gobs of it. Career Overview If money makes the world go 'round, the Earth would grind to a screeching halt without the asset management industry. Asset management is the business of making money with money-or at least trying to. When we say "money," we're not talking about salaries and bonuses (which can indeed be significant), but the gains you endeavor to make for investors who have forked over their cash in hopes that you, through your market savvy and keen instincts, can turn their nest egg into a fancy omelet with toast and hash browns on the side. What You'll Do Asset managers manage money-other people's money, and gobs of it. Generally, they convert that money into assets-stocks, bonds, derivatives, and other types of investments-and try to make that money make more money as fast as possible. Mutual funds, for instance, hire asset managers; so do corporations with lots of money sitting around, banks, and high-net-worth individuals. Asset managers have one simple goal: to invest other people's money wisely and profitably. Asset managers use a combination of investment theory, quantitative tools, market experience, research, and plain dumb luck to pick investments for their portfolios, ranging from high-risk stocks to commercial real estate to cash accounts. Who Does Well As an asset manager, you can't just bet your hunches. The profession requires excellent quantitative and analytical skills-if you hated statistics, you may want to look for a career elsewhere. But asset management isn't just a matter of adding up the numbers. It requires the organizational skills-and nerve-to make split-second decisions with millions of dollars riding on the line. The profession is notoriously tough to break into, especially for those who only have an undergraduate degree. MBAs most often start as analysts to prove they have the right combination of caution and chutzpah to make a great asset manager. Competition for jobs is fierce at all levels, but if you have strong quantitative and analytical skills, good nerves, and can consistently beat the market, there's probably a place for you. Networking and a single-minded pursuit of your goal are big helps, too. Career Tracks Possible career tracks in asset management, including: Portfolio management and research roles: Fund Accountant, Junior Research Analyst, Quantitative Analyst, Economist, Buy-Side Research Analyst, Sell-Side Research Analyst, Portfolio Manager Broker/advisor roles: Stockbroker Assistant, Stockbroker/Financial Advisor, Private Banker/Private Client Services, Institutional Relationship Manager, Institutional Sales Manager Support roles: Compliance Officer, Customer Service « Return to Previous Page Career Content ©2003 The Employment Channel		What do you like the best about St. Louis? • KHIT's 96 • The Pot Holes • Gus's Pretzels MO Power Ball:  16, 18, 26, 39, 48, Powerball: 22, Power Play: 5 IL Mega Millions:  9, 10, 17, 41, 52, Mega: 19 results posted by 9am following day Saint Louis, MO Sunny 80°F MORE→
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