Investment consultant plays a significant role in
making decisions, particularly asset management. Based on the study made by
Greenwich Associate, more than 50% of the corporate funds are utilizing
consultants. The case is a lot higher on foundations, which is around 63%, and
public funds at a massive 75%. This simply means that a huge employment
opportunity is waiting for you once you choose to become an investment professional.
How to Be an Investment Consultant
The role of the investment consultant is to help their
client assess the risk related to their investment and assist them in planning
their investment accordingly. They are responsible for monitoring a
considerable amount of investment on a given timeframe to determine its
progress and compare it with the goal of their clients. There’s an employment
opportunity waiting for you in different industries if you choose to be an
investment professional; you can work in insurance carriers, commodities
brokerage, securities, credit agencies, and investment firms. Follow this
step-by-step guide that will increase the likelihood that you will become an
investment professional.
Complete a Bachelor’s Degree
You need to earn
an undergraduate degree to become an investment
consultant. Some of the usual degree options would be a bachelor’s degree
in accounting, economics, finance, and business. A finance degree will often
incorporate courses related to international finance, investment, capital
market, and financial institutions. On the other hand, economics is composed of
subjects like labor economics, inflation, and employment. You may want to get
an internship that will be a great addition to your resume. You will gain exceptional
knowledge and skills by applying for an internship. There are different
internship opportunities in securities firms, insurance companies, and banks.
Acquiring Employment Experience
Individuals who
completed their bachelor’s degree can submit an application for an entry-level
job in the field of finance. Employers are looking for solid qualities such as
communication, writing, problem-solving, analysis, and math skills. While you
are in your college years, you should build your contact that will help you
land a job. Your years of work experience will increase the possibility of
becoming an investment consultant.
Pass the Licensure Exam
Most of the
positions in the field of finance require licensure from FIRA. You should also
try to get certifications; while these are not necessary, prospected employers
prefer individuals with credentials. After having four years of experience as
an investment consultant, you can
now become a CFA by completing the three exams.
Finally, you need
to continue learning since the advanced position in investment requires a
master’s degree. If you want to advance on that level, you have to continue your
education. There are master’s degrees that are accessible for the employed
graduates who wish to maximize their opportunities and education. By completing
your financial degree, gaining work experience, and getting certified and
licensed, you will increase the possibility that you will be an investment consultant. As of late, the
average income of investment professionals is around $89,000, which makes it a
rewarding and lucrative career.
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