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Portfolio Manager - An Overview Research Team | Posted On Wednesday, April 08,2009, 03:52 PM

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Portfolio Manager - An Overview



The person or persons responsible for investing a mutual, exchange-traded or closed-end fund's assets, implementing its investment approach and managing the day-to-day portfolio trading.

The portfolio manager is one of the most essential factors to consider when looking at fund investing. Portfolio management can be either active or passive (index tracking). Historical performance records indicate that only a minority of active fund managers hammer the market indexes.

Preparing For a Career as a Portfolio Manager

One of the most desirable careers in the financial industry is that of the portfolio manager. Portfolio managers work with a team of analysts and researchers, and are ultimately accountable for making the final investment decisions for a fund- or asset-management medium. While a portfolio manager is a situation that a person must work his or her way up to over the course of a career, there are a few initial steps that you can take to help you on your way to being a portfolio manager.

Background of Portfolio Managers

If you are still an undergraduate student who is considering a career as a portfolio manager, it is worthwhile to take courses in business, economics, accounting and math. Many portfolio managers also have an academic background in computer science, engineering, physics or biology. An MBA degree, in adding together to an undergraduate degree, is also a popular among portfolio managers.

A professional designation a lot of portfolio managers also possess is the Chartered Financial Analyst (CFA) charter. In order to achieve this designation, candidates must demonstrate a proficiency in financial and accounting terms and techniques, economics and quantitative analysis, as well as prove the required work experience.

Within a firm, portfolio managers are regularly promoted from the rank of research analyst. Working as an analyst is an enormous training ground for becoming a portfolio manager. It provides a framework for making crucial portfolio decisions such as buying or selling a security, and determining the underlying economic conditions that have an effect on those securities. Even if you have nonetheless to enter a professional environment, you may want to begin by picking and choosing stocks in a mock portfolio club/online simulator.

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