The job market for investment fund managers in the United States (2024)

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The job market for investment fund managers in the United States? ›

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.

Employment of financial managers is projected to grow 16 percent from 2022 to 2032, much faster than the average for all occupations. About 69,600 openings for financial managers are projected each year, on average, over the decade.

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

Investment fund managers work in office settings. They may work for large investment firms and spend much of the workday in corporate offices. They may also work from their own home offices.

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.

Specializing in investment management can offer significant earning potential, particularly if you're niching down to work exclusively with higher net worth clients. It's an opportunity to do work that you're truly passionate about while working with clients that fit your ideal client profile.

Who Is the Richest Hedge Fund Manager? Ken Griffin of Citadel is both the richest hedge fund manager and the highest paid. In 2022, he earned $41. billion, and by the beginning of 2023 his net worth was estimated at $35 billion.

This Article examines the large, steady, and continuing growth of the Big Three index fund managers—BlackRock, Vanguard, and State Street Global Advisors.

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.

Can you make millions as a portfolio manager? ›

Compensation spans a huge range at this level because it's linked almost 100% to performance. We gave a range of $500K to $3 million USD in the hedge fund career path article for the “average” PM, with median pay in the high-six-figure-to-low-seven-figure range.

While ZipRecruiter is seeing annual salaries as high as $187,500 and as low as $37,000, the majority of Portfolio Manager salaries currently range between $65,500 (25th percentile) to $130,000 (75th percentile) with top earners (90th percentile) making $153,500 annually across the United States.

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.

Most employers require that investment fund managers have a bachelor's degree in accounting, business administration, finance, or statistics.

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.

What Is the Difference Between an Investment Manager and a Fund Manager? Investment managers focus primarily on individual securities and bond investments while fund managers work with mutual funds comprised of multiple securities and assets, often tailored to a particular market sector.

The Bureau of Labor Statistics projects 16.0% employment growth for financial managers between 2022 and 2032. In that period, an estimated 126,600 jobs should open up. Financial managers oversee the finances of major companies, agencies and other organizations.

According to the US Bureau of Labor Statistics (BLS), this sector employed 466,900 people in 2021 and is expected to grow by 10% between 2021 and 2031.

The performance outlook for the corporate and investment banking (CIB) sector has been positive on aggregate. In 2022, CIB organizations generated $2.9 trillion of revenue and achieved an RoE of about 12 percent at a 54 percent cost-to-income ratio.

The field is also growing at a steady pace. The BLS projects employment for financial and investment analysts to grow by 8% from 2022 to 2032, which is faster than the average projected growth for all jobs. This amounts to about 29,000 new financial analyst jobs by 2032.