How Do I Become a Mutual Fund Manager?


Mutual fund managers tend to be well-compensated, generally taking home a percentage of the fund's total assets. They frequently also receive an incentive bonus if their fund outperforms a certain market benchmark, such as the S&P 500 or the Lehman Bond Aggregate. The career is demanding, however. Successful fund managers spend several years learning the ropes as stock or bond analysts and assistant portfolio managers and often spend long hours researching companies and reading annual reports.

  • Complete a bachelor's degree. There is no formal requirement for a specific undergraduate degree, however, solid coursework in finance, economics and mathematics will serve you in good stead as a mutual fund manager.

  • Obtain a master's degree. Typically, mutual fund managers will obtain a master's degree in finance, business administration, economics or a related field. If they run a fund specializing in a certain field, such as utilities, energy or technology, they may hold an advanced degree in that field. Doctorate degrees are not required, but are not unheard of among fund managers either.

    While there is no formal requirement, mutual fund companies tend to prefer candidates with undergraduate and masters' degrees from well-regarded schools, such as the Wharton Business School, Harvard, Princeton, Stanford and schools of that caliber.

  • Become a certified financial analyst, or CFA. To become a CFA, you must complete a demanding series of tests designed and administered by the CFA Institute. These tests will measure your grasp of advanced finance and accounting principles, risk management, modern portfolio theory and other advanced topics in the world of finance and security analysis.

  • Market yourself to mutual fund companies. The first step on the ladder, once you are out of school, is typically the job of analyst. You will assist the mutual fund manager by screening investment opportunities, bringing the most promising opportunities to the attention of the manager and arguing the case. If your recommendations are sound, you may be offered a shot at managing a fund of your own. In some cases, analysts leave one company to take a job as a fund manager at another.

Related Searches


Promoted By Zergnet



You May Also Like

  • What Is a Mutual Fund Manager?

    To understand the role of a mutual fund manager, you need to understand what a mutual fund is. A mutual fund is...

  • Average Salaries for a Hedge Fund Manager

    Hedge fund managers have been described as many things, both positive and negative, but essentially they are simply investment managers who try...

  • How to Become a Money Manager

    Money managers serve the financial needs of individuals, financial institutions and groups such as pension funds. A money manager's job can be...

  • How to Be a Hedge Fund Manager

    Hedge funds are sometimes called "the new American Dream." The news reports on managers who make billions a year and because they're...

  • How to Become a Mutual Fund Agent

    Selling any financial product is quite rewarding financially. You need to secure a series 6 license. If your state requires, you may...

  • How to Become a Portfolio Manager

    Portfolio managers are responsible for investing the funds individuals contribute to mutual funds, exchange-traded funds (ETFs) and closed-end funds (CEFs). Mutual funds,...

  • The Average Salary of a Mutual Fund Manager

    Mutual funds are pooled financial assets investing in various financial products. A mutual fund company typically has different fund categories, such as...

  • How to Become a Money Manager

    In order to become a money manager, a person must have experience in the market, and she also needs a series 7...

Related Searches

Check It Out

Are You Really Getting A Deal From Discount Stores?

Is DIY in your DNA? Become part of our maker community.
Submit Your Work!