Investment Fund Manager Demographics and Statistics [2024]: Number Of Investment Fund Managers In The US (2024)

FAQs

How many investment fund managers are there in the US? ›

There are currently an estimated 992,100 investment fund managers in the United States.

Investment Fund Manager demographics by race

The most common ethnicity among investment fund managers is White, which makes up 65.4% of all investment fund managers. Comparatively, 12.7% of investment fund managers are Hispanic or Latino and 9.0% of investment fund managers are Asian.

The average portfolio manager age is 45 years old. The most common ethnicity of portfolio managers is White (63.6%), followed by Hispanic or Latino (14.4%), Asian (10.1%) and Black or African American (7.5%). In 2022, women earned 88% of what men earned.

Vacancies for this career have increased by 32.37 percent nationwide in that time, with an average growth of 2.02 percent per year. Demand for Investment Fund Managers is expected to go up, with an expected 152,930 new jobs filled by 2029. This represents an annual increase of 2.60 percent over the next few years.

The workforce of Management occupations in 2021 was 15,830,701 people, with 42.2% woman, and 57.8% men. The average age of male Management occupations in the workforce is 46.4 and of female Management occupations is 44.3, and the most common race/ethnicity for Management occupations is White.

Fund Manager salary in India ranges between ₹ 3.0 Lakhs to ₹ 93.0 Lakhs with an average annual salary of ₹ 28.7 Lakhs. Salary estimates are based on 279 latest salaries received from Fund Managers.

To that point, of the 15,000 portfolio managers tracked by Citywire, the average age is 49 and 89 percent are men. The age range is extreme, with the oldest coming in at a respectable 77 and the youngest being 24 years old. In this ranking, Citywire looked at 20 of the top managers worldwide who are age 40 and under.

The "batting average" of an investment manager is a statistical method which is used to calculate the ability of a manager to reach or exceed an index. A batting average is determined by dividing the number of days (or months, quarters, etc.)

Financial Advisor Demographics

Whites account for 70-80% of the profession, with Asian, Latino and Black advisors each representing 5-10% of the workforce. Over 60% of advisors are 40 years or older. Most financial advisors hold bachelor's degrees, often in business, finance or economics.

What are demographics in management? ›

Demographics refer to the socio-economic characteristics of a population that businesses use to identify the product preferences and purchasing behaviors of customers. With their target market's traits, companies can build a profile for their customer base.

The average annual base salary for a portfolio manager in the U.S., as of December 2023, was $128,350, according to Glassdoor.

A fund manager is responsible for implementing a fund's investment strategy. An investment manager is responsible for making investments on behalf of their clients. Both of them make their decisions based on extensive market research.

BlackRock, Inc. is an American multinational investment company. It is the world's largest asset manager, with $10 trillion in assets under management as of December 31, 2023. Headquartered in New York City, BlackRock has 78 offices in 38 countries, and clients in 100 countries.

Long hours, intense competition, divorce, stress, and even substance abuse – these are some of the issues that can typically affect portfolio managers. In the office, they face volatile global markets, increased regulation, and client demands; outside, they're expected to be reliable spouses and good parents.

According to the report, the global asset management industry generated $376.82 billion in 2022, and is anticipated to generate $8280.73 billion by 2032, witnessing a CAGR of 36.5% from 2023 to 2032. The asset management market is influenced by several major drivers, restraints, and opportunities.

Of these, only 1.3 million employees work in investment management, with about 1 million at asset managers, 200,000 at wealth managers, and 100,000 at asset owners. The roles involved cover investment professionals, investment support professionals, and other profes- sionals.

Wealth Management - United States

According to projections, the Assets under Management in this market are expected to reach a staggering US$64,390.00bn by 2024. It is worth noting that Financial Advisory services hold a dominant position in this sector, with a projected market volume of US$62,610.00bn in 2024.

Questions Clients Ask About This Industry

There are 390,975 people employed in the Investment Banking & Securities Intermediation industry in the US as of 2023.