Navigating a Career Path into Asset Management from a Nontraditional Background
Hi everyone! I’m 28 (turning 29 in May) and I have three years of experience in tech sales and recruitment. Prior to that, I served in the army in an IT role, but it wasn’t the right fit for me. I’m currently working toward a Bachelor’s degree in interdisciplinary studies at Keiser University, which I expect to complete in the next 8-12 months. Additionally, I may qualify for Vocational Rehabilitation & Employment (Vr&E) benefits that could help fund a master’s degree in financial technology at Keiser, but I’m unsure if that’s the best route to take.
I live in Tampa but am open to relocating for the right opportunities. At the moment, I’m not sure which companies or positions I should focus on. I’m looking into taking some courses to obtain my Securities Industry Essentials (SIE) certification in the meantime.
Ultimately, my goal is to become a senior portfolio manager or director later in my career. I would appreciate any advice or suggestions on how to achieve this and which steps I should take to align myself with that goal. Thank you!
One response
It’s great that you have a clear goal in mind and are actively seeking ways to bridge your current experience to a career in asset management. Here are some steps for you to consider as you transition into this field:
Leverage Your Background: Your experience in tech sales and recruitment gives you a unique perspective. Highlight your skills in communication, relationship management, and understanding client needs, as these are critical in asset management. Additionally, your technical background can be a differentiator, especially with the growing importance of technology in finance.
Education and Certifications: Since you’re considering further education, pursuing a master’s in financial technology could be beneficial. It will not only deepen your financial knowledge but also make you attractive to firms that value tech-savvy candidates. Additionally, obtaining the Securities Industry Essentials (SIE) exam will demonstrate your commitment and knowledge of the fundamentals of the industry.
Networking: Start building your professional network in the asset management sector. Consider joining industry associations like the CFA Institute, attending local finance meetups, and connecting with professionals on LinkedIn. Networking can reveal hidden job opportunities and facilitate informational interviews.
Targeted Roles: While your end goal is to be a senior portfolio manager or director, start with roles that could serve as stepping stones. Look for entry-level positions such as analyst roles, client service, or sales support in asset management firms. These positions will provide valuable experience and insight into the industry.
Target Companies: Research asset management firms that align with your interests and values. Consider looking into larger firms with established training programs, boutique firms where you might have greater responsibility early on, or startups focused on financial technology.
Skill Development: In addition to your formal education, seek out courses in finance, investments, and portfolio management (e.g., CFA Level I preparation). Online platforms (like Coursera or Udemy) offer many relevant courses. Familiarize yourself with investment strategies and tools used in asset management.
Gain Experience: If you can, take on internships or part-time roles related to finance or investments. Even volunteer work, such as helping with investment clubs or financial literacy programs, can be valuable.
Stay Informed: Keep up with market trends, investment strategies, and innovations in fintech. Reading financial news and research papers will help you engage in industry conversations and prepare for interviews.
Consider Internships/Entry Programs: Many firms have internship programs specifically for career changers or individuals from non-traditional backgrounds. Don’t hesitate to apply to these programs, even if they are entry-level.
Lastly, be patient and persistent. Career transitions can take time, but with dedication, you’ll be able to position yourself effectively in asset management. Good luck on your journey!