First, you must be from a securities company to engage in stock research. The threshold for stock research is basically a master's degree or a doctor's degree.
Second, when doing research, you must have excellent performance to prove your ability, so that it will be taken by fund companies.
Third, joining a fund company does not mean that you are a fund manager. You have to start as a product manager and assistant, and your ability is affirmed before you can be promoted to a fund manager.
If a Wang Xing fund manager, do you know what people in other departments call him? Manager Wang! Tell you, the fund manager has a high position in the fund company.
If you want to enter this industry, it's hard to make mistakes from the beginning.
1. Unfortunately, just like there is no fixed distance to become a president, there are no fixed steps to become a fund manager.
However, even so, career planning is still needed. This career planning may be what you call "steps". Your career plan is to become a fund manager. To this end, it is necessary to improve their academic qualifications (more importantly, improve their academic ability).
Of the 45 fund managers of more than ten fund companies surveyed by Taihe Consultants, 100% have bachelor's degree or above, of which 73.3% have master's degree, and 1. 1% have doctoral degree or above.
As for academic ability, it is one of the main points that all walks of life pay attention to when recruiting talents. Djevka, president of Wasacz, Utah, and manager of Wasacz's small-share growth fund, said that he was a graduate of the UniversityofUtah and had only a "general resume" when he applied for the company. However, he has an extremely brilliant performance: his fund performance has been better than 92% of the small-cap growth funds in the past decade-which is difficult for many "much smarter" guys to do.
Education is important, but an MBA who just graduated from Harvard Business School may not be favored by fund companies, because his qualifications may be very shallow, let alone work experience.
The working experience of the current fund manager in the fund or investment industry is also a very valuable asset. Generally speaking, fund managers have 6- 10 years of securities or investment experience.
2. As for courses, relatively speaking, the important job of fund managers is to analyze the financial statements of enterprises and find the investment value of companies in the complicated data of assets, rights and interests, profits and cash flow. Around this work, enterprise accounting, financial figures, enterprise statistics and enterprise financial management are basic courses.
Engaged in the financial industry, the main courses of the financial industry are also the foundation, and monetary banking, financial markets and financial institutions, international finance, securities investment analysis, financial law, corporate finance, and an introduction to financial derivatives must also be mastered.
From this perspective, you already know the courses that this industry should involve. It can be said that related courses involve a lot. Besides, other courses should even be included. For example, if you invest in communication industries, such as Datang Telecom and China Unicom, you need basic communication knowledge, such as 3G, TD-SCDMA and CDMA2000 technologies. Companies investing in the field of biological restrictions need to know some biological knowledge. Of course, the focus should be on the knowledge of financial courses.
3. Certificate:
Let me put it simply: you should have a qualification certificate in the securities industry (specifically, "strong analytical ability, sufficient knowledge and experience, no bad network resources (ah, anyone who meets these conditions can), and you should have a noble personality and sense of responsibility (o your own ideas depend on what kind of fund manager you are).
Generally speaking, this is a very closed industry. It can be said that it is very difficult to enter this industry, and there will not be many opportunities for open recruitment (analysts may still have it). Basically, fund managers start with analysts. You can go to the websites of domestic and foreign fund companies to see the relevant requirements.
Why do fund managers always jump ship?
The bull market that started last year made fund practitioners step into the affluent class. At the end of 2006, funds generally distributed huge red envelopes to key employees, but the shortage of talents made it difficult for fund managers to remain loyal.
After the Spring Festival, careful investors will find in the three major securities news that job advertisements of fund companies and securities companies have appeared one after another. A person from a fund company in Shanghai told me that the increase in the number and scale of funds forced the fund company.
I am more eager for researchers than ever before. If you are a researcher in a securities company, your annual income will be several hundred thousand, but once you are poached by a fund company to become a fund manager, your annual salary may easily exceed one million.
Last year, the total net asset value of equity funds was 735.337 billion yuan, almost three times that of 2005. They have enough management fee income to support attracting talents.
Since 2007, the managers of nearly 50 funds have changed, and every news of leaving or jumping ship can make fund holders feel "panic and frustration". ("Beijing Morning Post" 3.26)
Fund managers must take their time.
"Access" conditions A fund manager (assistant) who participates in the fund manager competition meets the following conditions:
Bachelor degree or above education background;
At least 3 years experience in securities investment or related work;
Having the qualification of fund practice;
It has not been punished by the competent department, industry association or unit;
Have a distinct investment philosophy and operating style, and be familiar with the operating characteristics of the securities market;
Have good psychological quality, enterprising spirit, good risk prevention ability, and be responsible for your own investment behavior;
I have worked in our company for more than 1 year and have been engaged in research, financial engineering, investment, trading and other related work.
The law does not require too many conditions for assistant fund managers. For example, if you are a junior college student, you can do it if you are excellent in other aspects.
Simply put ~ if everything goes well ~
Get the certificate first ~ securities qualification certificate (two certificates in five exams, four certificates in five exams, basic knowledge of securities+four other certificates)
After working in a securities company for 3 years ~ and then taking the fund qualification certificate ~ working in the fund for 3 years ~, you are eligible to apply for the assistant fund manager.
If your performance has helped the fund manager make profits for three consecutive years, then you can apply for a real fund manager of a fund management company (usually a bank trust).
Or you have 300 million in partnership with several other people (at least one has more than 300 million) to apply to the Securities Industry Association, or you can become a fund manager.
Textual research-choose by yourself.
The first step is to read the fund laws, regulations and policy documents carefully;
The second step is to look at the rules, processes and key points of the actual operation of the fund;
The third step is to do fund marketing, signing, trading, customer service and so on by hand.
In short, the most effective indirect experience+the most effective direct experience.
In addition, take a proper look at the works written by the fund.
Generally speaking, he should be a researcher, a doctor, or at least a master. The income depends on the performance of the fund he is responsible for. Judging from last year's market, it should be at least 3 million yuan.
Finance-related majors join the securities investment industry, work as a researcher and assistant for several years, and then become a fund manager.
It seems that becoming a fund manager is not so easy, and there is a long way to go. If you decide to enter the business, you must persevere. Maybe you will be the next fund manager who is obviously popular with thousands of people. Come on, kid!
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