Portfolio Manager

When it comes time to graduate from high school, many seniors do not have a clue in regards to what they want to do for a career. As a result, many of them decide to take a few semesters off while thinking about their decision, and other students believe that college is not right for them at all. The problem is that nearly every business is shifting to where they require a college degree from their employees, so it is extremely important for people to at least try to go to college. One really good degree that people could consider would be finance or accounting. These degrees will nearly guarantee that they will find a solid business career, but they will need to enjoy working with money and people. One great career option that many people who have a finance degree choose is a portfolio manager. You probably want to know what a portfolio manager does and how they get paid.

Portfolio Manager Description

A portfolio manager is essentially someone who advises people on their finances. They are able to assist people with anything from personal finances to saving for their retirement. The main part of their job is to advise people on the proper investing procedures. Many people try to manage their own investments, but they quickly realize that it can become a very stressful full time job. Most people become really scared when they see their stocks starting to fall or see that the bank is no longer offering good interest rates. When the have a manager operating their account, they will not have to worry about tracking all of these details. People can rest assured that the manager will not do anything without the client’s permission. Instead they will simply advise the client on what they believe is best.

How They are Paid

Depending on if the portfolio manager is running their own office or working somewhere else, they will either work on a straight commission or what is referred to as a draw. When working for a company, the draw is essentially a small guarantee offered to sales people to help them get a start. The manager will receive any commissions that exceed the draw.

If people enjoy working with others and money, they should consider a career in this field. The salary can be huge for managers who have a large client base and plenty of experience. In addition, they will be able to make their own investments based on the knowledge they have gained.