Asset Management
Asset managers allocate the funds of institutional clients to meet predetermined investment objectives. Asset managers must employ in-depth understanding of financial markets and investment products to construct investment strategies that meet client expectations. Clients may range from pension funds and insurance companies to hedge funds and may have a wide range of investment objectives, risk appetites and investment horizons.
The skill set required for asset management is both heavily quantitative – knowledge of accounting and statistics is indispensable for modeling – and highly qualitative – managing client relationships and determining the best asset mix are a priority. Interns in asset management must blend these skills in order to become experts in the markets and the products therein.
Private Wealth Management
Private Wealth Managers allocate the funds of high net worth individuals to meet predetermined investment objectives and must employ in-depth understanding of financial markets and investment products to construct investment strategies that meet clients expectations. High net worth individuals will generally have investment objectives, risk appetites and investment horizons which are significantly different from institutional clients of the firm and which may vary vastly from client to client.
In addition to an in-depth understanding of the financial markets and asset allocation, managing client relationships is of utmost importance for private wealth managers. Interns in private wealth management must blend these skills in order to become experts in the markets and products therein in order to gain the trust of their clients. Clients of private wealth management are generally less sophisticated than institutional clients, but are more captive and more focused on the relationship itself.
Programme requirements
- On track for a 2.1 or above
- Minimum 'BBB' at A level (or equivalent in UCAS points)
- No specific degree subject is required
- Broad knowledge of the finance industry, especially investment management, is required
- Excellent quantitative and analytical skills
- Excellent communication skills
- Engaging and eloquent communication style, capable of developing trusted advisor status with clients
- Multilingual fluency is beneficial, but not a requisite
