Summary of occupation
Financial investment managers are responsible for the management and investment of clients’ assets to generate a profitable return. They may work with other financial professionals, such as analysts, to research and plan client investment portfolios. They advise clients on a range of investment strategies, such as stocks and bonds, retail or mutual funds, superannuation funds, property and shares, that will maximise financial returns.
Financial investment managers may work across a range of fields such as the financial services industries and real estate sector.
Invests and manages sums of money and assets on behalf of others over an agreed period of time, in order to generate income and profit. Registration or licensing may be required.
Portfolio manager, Funds manager
A financial investment manager needs:
- to be comfortable dealing with complex financial situations
- good analytical and problem solving skills
- a high level of attention to detail
- excellent organisational and time management skills
- strong communication and negotiation skills to develop productive relationships with clients
- the ability to work independently and in a team.
Financial investment managers usually work in an office environment, although they may travel to meet with their clients. They may manage and oversee client investments and review the performance of client portfolios. They may also attend company, industry and community events to talk about investment options.
They usually work regular hours, but may be required to work longer hours at times during peak financial periods.
On average, financial investment managers can expect to earn between $1,750 and $1,999 per week ($91,000 and $103,999 per year), depending on the organisation they work for and their level of experience.
Financial investment managers use computers and a range of data processing programs and specialised financial software programs to analyse markets, write reports and monitor client investment portfolios. They also use securities reports and financial periodicals to stay up to date with market cycles.
To become a financial investment manager, you usually need to complete a commerce or business degree, majoring in finance, economics or accounting.
Most universities in Western Australia offer relevant courses. Contact the universities you are interested in for more information. Learn more about your study options.
Most financial investment managers will generally have worked in the industry for a number of years before progressing to a manager role. You may also be required to complete further studies in management.
The education and training requirements for this occupation are undergoing a formal review. This may or may not lead to changes in the requirements.
To work as a financial investment manager in Western Australia, you may need to obtain an Australian Financial Services licence (AFS) and registration from the Australian Security and Investments Commission (ASIC).
Apprenticeships and traineeships
As an apprentice or trainee, you enter into a formal training contract with an employer. You spend most of your time working and learning practical skills on the job and you spend some time undertaking structured training with a registered training provider of your choice. They will assess your skills and when you are competent in all areas, you will be awarded a nationally recognised qualification.
If you are still at school you can access an apprenticeship through your school. You generally start your school based apprenticeship by attending school three days a week, spending one day at a registered training organisation and one day at work. Talk to your school's VET Co-ordinator to start your training now through VET in Schools. If you get a full-time apprenticeship you can apply to leave school before reaching the school leaving age.
If you are no longer at school you can apply for an apprenticeship or traineeship and get paid while you learn and work.
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If you think you already have some of the skills or competencies, obtained either through non-formal or informal learning, you may be able to gain credit through recognition of prior learning.