what does it take to be a fund manager

[yari123]

currently i am studying finance. i have accumulated great deal of interest in trading. finally i find something I WANT to study not my parents in university ( canada). i am thinking of getting CFA.

but problem is I've no idea what you can do with CFA. and my parents they think going into finance is suicide. and i can't really back anything up. hell i find this stuff interesting is all i can really say.

also i hear about fund managers getting paid like 400k a year!

what steps/qualification/experience is necessary to get to that step?

thank you for reading, i'll let you guys back to your hustling.

 

[Magos]

Accorting to prospects.com



An investment fund manager assists clients in investing their money. This can be investment in shares, bonds and other assets.

Institutional fund managers work on behalf of organisations, such as pension funds or insurance companies, where the sums of money invested are huge. Fund management can also involve investment trusts or unit trusts, products bought by individuals, which tend to involve smaller sums (compared to institutional funds).

The work involves:

meeting with clients, often at the client's premises;
liaising with clients or gathering information, often over the telephone;
researching, e.g. from financial media and briefings provided by investment analysts.
Vacancies arise with financial institutions including specialist fund management companies (also known as investment management and asset management).

Trainees may study the Investment Management Certificate of the UK Society of Investment Professionals (UKSIP) and progress to the Chartered Financial Analyst (CFA) qualification administered by the Chartered Financial Analyst (CFA) Institute.