Stock brokering is not for the faint of heart.
It all comes down to how much money you can make with other people's money.
As a finance professional, there is a plethora of roles that you can explore.A lot more people apply for IB positions than AM positions, but there are much much fewer graduate AM positions, so the competition is still intense - you'll need a strong academic record and extra-cirriculars, as for.Stockbroker Assistant, credentials: Series 7, 63, a stockbroker assistant performs many of the administrative tasks for a stockbroker, such as calling clients to confirm trades, attending to client requests, and handling reporting.(For more, read 6 Steps To Successfully Switching Financial Careers.Banks have invested huge amounts of resources in sophisticated technology and people to help them measure, manage and mitigate these risks.This is variable by year and median salaries in non-banking departments (such as research, asset management, sales trading) are lower than in banking.The asset management juggernaut requires an equally enormous infrastructure.
A host of other asset management and brokerage firms are nipping at their heels.
I don't know how much management consultants are paid, but I know most big 4 roles start at about 26 - 28k, and the hours are probably similar in AM to big.
The choices for the small-time investor have never been greater, including stocks, bonds, mutual funds, real roxio dvd copy trial estate trusts, exchange-traded funds (ETFs and options.On the mutual fund side, you might become portfolio co-manager, sharing the management responsibility with a senior manager.Moreover, though they do it with hard work and intensity, many people in the industry successfully avoid the death march common in investment banking and management consulting.I'm a second year, and I'll be doing an internship at a bank owned AM this summer, so I'll try to give some good answers, but I imagine there will (hopefully.) be posters who actually work in AM who'll be able to provide much better.for example, in an insurance firm, it is important they have an accurate estimate of risk the firm is taking, and how much premium it's charging for the given amount of risk.That's the reason why actuaries are paid among the highest in the industry.As the market rose, more money was poured into asset management and brokerage accounts.A law degree is particularly attractive as you go further up the wealth ladder, since understanding legalese comes in handy when helping clients in areas like estate planning.Consultant salaries are a topic many readers are dying to learn more about.This does not include retirement contributions.