INVESTMENT MANAGEMENT
The investment management industry is going through a challenging time.
Now, more than ever, candidates must stand out from their peers to build a
career in the business, writes Maha Khan Phillips
BY: MAHA KHAN PHILLIPS
nless you’ve been living the previous month. their counterparts. Th ey have to have a
U
on a desert island for the It is, say human resources directors, a good understanding of the economics of
last two years, you’ll diffi cult time, but for the brightest a business like ours, and they have to be
know that the investment young sparks, and those who are willing very commercial. Confi dence is also
management industry is to be fl exible, there are still opportunities extremely important,” explains Cassie
going through diffi cult times. UK asset to build solid and successful careers. Pluck, head of resourcing at Schroders.
managers, who manage approximately Candidates must stand out from their Candidates usually have summer
£3.4 trillion in assets (those who are peers. Asset management house Schroder experience at investment management
members of the Investment Management Investment Management, for example, houses. More often than not, they have
Association), have seen values of funds receives 1,500 applications for the 10 interned at Schroders. For those who are
slump signifi cantly this year amidst places it has available on its graduate selected, and go on to build their careers
general chaos in the banking system. recruitment programme. “We look for in the front offi ce, there is a requirement
Net retail sales in the UK stood at strong academics, but candidates really to complete the CFA program, which
£9.5 billion in 2007, compared to £15.3 need to stand head and shoulders above Pluck says is an important prerequisite.
billion in 2006, according to research
from the IMA. Th is sharp fall from the
previous year was concentrated in the
fourth quarter, after the credit crisis took
“Candidates really need to stand head
hold, suggesting that end 2008 will
bring even larger declines. Meanwhile,
and shoulders above their counterparts”
US mutual fund net infl ows fell to
$38 billion in August, from $52 billion
Cassie Pluck, Schroders
12
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