How to Become a Money Manager

Man Holding a Piggy Bank

Some people hire a money manager to take care of their finances and help them in areas they are unsure about. To become a money manager, you need a thick skin and discipline. You should be persuasive and intelligent and have some education in finance. You should enjoy working with numbers, be good at mathematics and like working with people. You will also be able to help people with something that is often struggled with--finances. You can help them save where needed, buy a home and make other large financial decisions.

Instructions

1. Get an education in finances and economics. Earning such a degree is the most important preliminary step in becoming a money manager.

2. Become a Certified Financial Analyst (CFA) to show your potential clients your knowledge. The CFA program will help you learn how to manage investment portfolios and analyze investments. You can also earn a Certificate in Investment Performance Measurement (CIPM). The CFA Institute has amazing programs for those seeking careers in the financial industry.

3. Get an internship or a part time, entry-level finance job. This will give you the work experience and references you need to impress your potential clients. You could even find a company that you will continue to work for after you have graduated. You will need this hands-on work in order to learn all about managing other people's money. It is an important career in which you can help people and businesses save money, cut down expenses and earn more profit.

4. For money management, the best type of company to get a job at is in a financial institution. Places that seek money managers are individuals, businesses, banks, credit card companies and more. Choose the best type of career for you.

5. Continue your education with the CFA Institute by taking extra courses, going to conferences, using their resources and following their rules.

Resources

• Certified Financial Analyst Institute