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Investment management: is it a career for you?
Careers in investment management may be an excellent option for those who are good with numbers and research, and that are looking to utilize and develop these talents.
An investment manager’s job is to make money for clients. A successful manager turns a portfolio into a vehicle for growth using the risk level and desired returns specified by the individual needs of each client.
Successful portfolio managers are those who are self-motivated and possess good analytical, research, and communication skills.
College students interested in a financial management career are advised to study economics, accounting and mathematics, written and verbal communication, and general business courses. Many portfolio managers hold an MBA. Once work experience is gained, professional certification, CFA, may be applied for. A Chartered Financial Analyst shows proficiency in quantitative analysis, practical experience, and use of terms and techniques necessary for professional status.
There are several different paths within the investment management career. The size of the firm will help to determine what specific job each new hire will perform. A large firm that manages mutual funds, for example, may wish to hire entry-level research analysts straight out of college, whereas a smaller firm might offer more diverse tasks. Job outlook will depend on the firm’s growth rate and how often an analyst recommends winning investments to the fund manager.
Advantages of this career path are many. The earnings of an investment manager are not dependent on how many hours are spent at the office. Instead, compensation and promotions are usually determined by how much money is made for clients. It is a competitive industry with room for the successful to grow.
The career path of Wesley Edens of Fortress Investment Group provides one example of such success. Currently co-founder and principal, Mr Edens held several positions with other firms, including partner and managing director, before founding Fortress in 1998. Fortress has grown rapidly under his direction, separating the business into four branches totaling more than $55 billion in assets under their management.
A self-motivated individual who desires a career in financial investment management can begin by researching firms and what each requires of its new employees, keeping in mind that a position as a manager is usually attained over time. A penchant for learning is a good beginning, with graduated steps along the way. Once reached, the portfolio management position provides an exciting and lucrative opportunity filled with daily challenges.
Why a Graduate Certificate Might Be a Better Be Than a Master’s Degree
Today’s highly competitive job market has left many college students wondering whether the extra time and money to get a master’s degree will pay off in the form of improved career prospects. But what many don’t realize is that a master’s degree isn’t the only option for post-baccalaureate education. There’s another, less expensive, faster way to gain industry-specific skills at the post-graduate level — the graduate certificate.
A graduate certificate takes about half as long to earn as a master’s degree, and is a fraction of the cost. In most fields, including project monitoring and evaluation, a graduate certificate can improve your job prospects and raise your salary just as much as a master’s degree. Even if you already have a master’s degree, a graduate certificate is a fast and economical way to upgrade your skills and stay competitive in the jobs market.
Advance Your Education in Less Time
If you want to enhance your skill set and pad your resume, but also want to hit the job market as soon as possible, a graduate certificate is the way to go. Online programs are a popular choice for students who want to earn graduate certificates; you could go to school online for a graduate certificate in project monitoring and evaluation, for example, while still holding down a full-time job.
The typical graduate certificate program consists of four to seven credits, although some programs can comprise as many as 15 credits. That’s about half as many as a master’s degree, so the degree takes a lot less time to earn — usually a year or less, compared to two or more years for a master’s. It’s a great choice if you’re looking for a qualification that could help you get that big promotion you’ve got your eye on, if you want to earn more money, or even if you want to change careers.
Boost Your Earning Power
You already know that people with master’s degrees tend to earn more than people who have only a bachelor’s degree, but you don’t have to commit to a master’s program to bring home bigger paychecks. Graduate certificates are especially valuable for people working in technical fields, such as heating and air conditioning, or in emerging fields, such as cybersecurity, social media marketing, or homeland security. Thirty-nine percent of men with a graduate certificate earn more than their counterparts with a bachelor’s, and 34 percent of women with graduate certificates make more than their baccalaureate-educated peers.
Save Money
If you’re not sure whether you want a master’s degree or you’re in a field where a graduate degree doesn’t necessarily equal a higher salary, a graduate certificate can get you the education you need to advance at a much lower price tag.
A graduate certificate runs about $5,000, compared to the tens of thousands of dollars a master’s degree costs. And if you’ve already got a master’s degree, it just doesn’t make sense to go back to school for another one when a graduate certificate could give you the extra specialization you need at a lower price and with a shorter time commitment.
Improve Your Job Prospects
While it’s true that there are certain fields where a master’s degree is a must — think law, medicine, or business — in most fields, a job candidate with a graduate certificate will always win out over one with only a bachelor’s degree. Employers are impressed by the extra credential, as most graduate certificate programs are tailored to meet industry demands.
Since the programs are so short, there’s no risk of your skills becoming outdated by the time you hit the job market. They’re also a good way to update skills later in your career, especially if you want to break into or advance in an emerging field that didn’t even exist when you were a traditional college student; one-third of people who earn graduate certificates are over age 30.
If you’re reluctant to commit to a lengthy, expensive master’s degree program, why not consider a graduate certificate instead? You can earn a specialized post-baccalaureate qualification in half the time and at a fraction of the cost of a master’s degree, and hit the job market faster and harder with the kinds of skills that make employers stand up and take notice.
Is an LLM in Taxation the Right Choice for You?
An LLM, or Master of Laws, is an advanced degree that lawyers can earn after completing a JD. While the degree is popular with international students who want to gain some experience with the American legal system and perhaps practice law in the U.S., it’s also popular with lawyers who want to specialize in a particular area of law. While LLMs are available in a range of legal specialties like democratic governance, intellectual property law, and patent law, the traditional specialty has been tax law.
Many young lawyers aren’t sure whether they should pursue an LLM degree. But if you want to specialize in tax law, the LLM in Taxation is still the degree for you. If you didn’t attend a top law school, it can beef up your resume. It can help you transition to practicing in a different part of the country. If you aspire to teach law at the university level, you’ll need at least an LLM, if not a Ph.D., to land a tenure-track position.
Specialize in Tax Law
The number-one reason to get a master of laws degree is to become a tax attorney. Tax attorneys aren’t accountants; they help clients with legal issues surrounding the payment of local, state, and federal taxes. This can include everything from helping a couple avoid paying taxes on their assets when they split, to protecting the wrongfully convicted from having to pay income taxes on restitution money. It’s a highly specialized area of law, but you’ll have the chance to work on a diverse range of cases. An LLM in Taxation takes about a year to earn, and imparts practical experience in addition to specialized legal knowledge.
Make Your Resume More Impressive
If you didn’t manage to get into a top law school, an LLM offers you the chance the put something more impressive than your regional or state university on your resume. That’s because it’s often easier to get into an LLM program than a JD program, because most American lawyers don’t see the need to earn an LLM. They just get their JDs and go straight into practice. So the school that wouldn’t accept you into its JD program will be much more likely to accept you into its LLM program, and you’ll be able to prove that you can keep up with students at a nationally-ranked program.
Move Your Practice to a Different Part of the Country
Let’s say you’ve decided that you don’t want to hang around and practice law in the same part of the country where you got your JD. That’s fine, but it can be hard to convince a law firm to hire an attorney from another state or region; they’ll be concerned that you’ll ultimately decide not to relocate or that you will, only to depart again in a few years.
Earning an LLM in the region to which you’d like to relocate can eliminate these concerns, since by the time you apply for jobs, you’ll already be living in the area. An LLM from a school that’s well-respected in your region of choice can also improve your job prospects in that region.
Teach Law Yourself
If you want to become a professor of law, you’re going to need more years of education than just a JD can provide. You’ll need at least an LLM to compete for tenure-track faculty positions in university law programs. Many tenure-track positions require candidates to have a PhD, but you’ll need to earn an LLM before you can qualify for a Ph.D. program.
Competition for adjunct teaching positions in law schools isn’t as fierce as it is for tenure-track positions, but don’t think you can land an adjunct position with just a JD. You’ll still need an LLM to qualify for most of these positions, even if they don’t offer tenure.
If you want to become a tax attorney, an LLM in Taxation can get you there. It’ll give you the specialized knowledge of tax law necessary to help clients will all kinds of taxation-related legal issues. However, that’s not the only reason you might want to consider an LLM. Whether you want to relocate, improve your job prospects, or land a teaching job, and LLM can help you achieve your law career goals.










