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What are the Career Paths in Wealth Management Industry?

June 18, 2024

What are the Career Paths in Wealth Management Industry?

Wealth management is an investment advising service that integrates other financial services.

Wealth managers’ strategies and design long-term financial plans for their clients that will help them meet their goals and objectives.

The Wealth Management Industry is filled with opportunities. It has numerous job scopes for the aspirants who are seeking growth in their careers.

However, many are unaware of the career paths it has to offer.

Let us help you showcase the paths. Also one secret reaching the desired destination.

Scope in the Wealth Management Industry:

wealth management career path

1] Portfolio Manager

The role of the portfolio manager is to make investment decisions.

There are types of Portfolio Managers;

  • Stock-trading Portfolio Manager
  • Growth Portfolio Manager
  • Income Portfolio Manager

The Fundamental skills required to be a portfolio manager are; analytical, decision-making, communication, proactive, and agility skills.

Avg Salary: Rs. 7.0 Lakhs

2] Relationship Manager

The Relationship Manager’s role is to build relationships with clients and customers.

It does not limit here. The relationship manager also has to develop and maintain relationships with them for the long run.

The essential skills of a relationship manager should be fluency in speaking, listening skills, problem-solving ability, and sales and negotiation skills.

Avg Salary: In between Rs 2 Lakh – 7 Lakh

3] Investment Counselor

The investment Counselor’s job role is to provide financial advice and guidance to the clients.

Moreover, they also educate the clients about the various investment products and services that will lead to meeting their financial needs and goals.

Avg Salary: Rs 6.5 Lakh

4] Financial Advisor

The Financial Advisor’s job is to advise clients on various financial aspects, which can be short-term and long-term.

Financial advice is simply about investments, taxes, and insurance.

The duties and responsibilities are doing market research and analysis and recommending and executing strategies.

Avg Salary: Range between Rs 1.1 Lakh – 7.7 Lakh

5] Business Development Manager

The Business development manager focuses on generating leads, forecasting sales revenue, and negotiating client pricing.

Most importantly, their role is to help organizations maximize their profits.

The key skills required are; organizational skills, negotiation skills, problem-solving, communication skills, and technical skills

Avg Salary: Rs 5.3 Lakh

6] Financial Analyst

The financial Analyst keeps track of the company’s financial plan.

Furthermore, they are also responsible for predicting the future performance of the company and analyzing the financial statements.

Moreover, it also includes budgeting and modeling capital structure.

The crucial skills of any financial analyst are critical thinking, financial literacy, accounting skills, technical skills, and management skills

Avg Salary: Rs 2.1 Lakh – 10.8 Lakh

If you have found your path and seeking to reach the destination, let Thadomal Shahani Centre for Management (TSCFM) aid you.

TSCFM offers a Certificate in Wealth management (CWM) course that will transform your career to the next level.

Know More Information about the CWM Course

Contact Us!

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