| -50-60 hour weeks on average.
-Compensation (entry level): similar base to banking (~60k), but much lower bonus (~20-30K).
-Fund managers make a hell of a lot of money. However, it would take you at least 10+ years to be lead fund manager on a fund at a major asset manager and a lot of luck/smarts. Additionally, at most asset managers out of school you would get hired into a support role that doesn't really have much to do with any of the daily activities of managing and trading the portfolios.
"Investment Management is not purely mutual funds. I am interning for the 2nd summer at an investment management and 2/3rds of of the 570 billion managed are in equities. Different styles, value/growth/core, and valuations small/mid/large cap companies are the variences in departments. Great place and much better than Ibanking."
-Mutual funds can be composed of stocks or bonds. So when you say 2/3rds are managed in equities, those are most likely in equity mutual funds. |