Fund managers at banks make an average of $140,000, while mutual fund managers at insurance companies make $175,000. Fund managers at brokerage firms make $222,000, and mutual fund companies' mutual fund managers make an average of $436,500.
You will usually need at least an undergraduate degree to get into asset management. There is no education requirement across the board but, a degree is certainly an advantage.
An asset management company invests pooled funds from clients, putting the money to work through different investments including stocks, bonds, real estate, limited partnerships, and cryptocurrencies.
With a structure asset management framework in place, organizations will realize these and other benefits: