In our review of different careers, we take a look at how to become a hedge fund manager. We also look at what a hedge fund manager does and what skills and attributes are required to become a hedge fund manager.
What Does a Hedge Fund Manager Do?
As a hedge fund manager, you will manage your client's assets in a way that reduces the risk of the investment but without minimising the return that your client might get.
You will create hedge funds that include a wide variety of assets and investment opportunities such as stocks, bonds and futures. Day to day your work will entail things such as identifying the best assets to invest in, researching and analysing the market, creating investment portfolios, meeting clients and discussing their options and providing them with advice, coming up with forecasts, managing funds.
As a hedge fund manager, you might work with individual clients or large corporations, and your aim is always to bring in a profit whether the market rises or falls.
Your work will usually be for forty hours a week, Monday to Friday, from 9am to 5pm, however in this high pressure position you may often very well find yourself working longer hours.
Is Becoming a Hedge Fund Manager Right For Me?
To become a hedge fund manager the following skills and attributes are required:
- The ability to work under pressure and handle stress well
- An amazing amount of confidence
- Dedication to achieve results for your client
- Financial acumen
- Reliability
- Trustworthiness
How Much Can a Hedge Fund Manager Earn?
For a hedge fund manager, the starting salary will be around £60,000 a year. With experience and increasing your skills, a hedge fund manager should easily be earning in excess of £100,000 a year with salary and bonuses.
What Qualifications Do I Need To Become a Hedge Fund Manager?
To become a hedge fund manager you will need a degree in some kind of numerical or financial subject. A masters degree will also be helpful in aiding you to get into this area of work but is not necessary.
