How employable are money managers?
CareerExplorer rates money managers with a B employability rating, meaning this career should provide good employment opportunities for the foreseeable future.
Are money managers in demand?
Consistent demand is forecasted for money managers for a number of reasons. More funds are expected to be available for investment, as the economy and personal incomes grow. As baby boomers turn 50 and older and collectively inherit money from their parents, they will seek retirement-related advice and investments. In addition, as companies reduce pension benefits, investment responsibility is shifting from corporations to individuals. Faced with numerous and often complex investment choices, most people are expected to consult financial professionals regarding retirement and estate planning. Money management and financial planning are highly competitive fields in which establishing clientele is challenging. As with other managerial careers, individuals seeking employment may face competition since there are more applicants than job openings. Those with a master’s degree or certification will have the best job prospects.