June 2018 how to become an investment analyst

How to become an

Investment Analyst CANDIDATE SUPPORT

How to Become an Investment Analyst Many enthusiastic graduates express an interest in becoming an investment analyst. It is, after all, a role which can conjure up images of prestige and wealth.

But vacancies are few and far between – particularly in Scotland - and asset management companies that are hiring can have very specific requirements.

Betsy Williamson Director, Asset Management

So what does it take to become an investment analyst?

To give you an indication of just how high the bar is, an ‘ideal investment analyst’ looks something like this:

Qualifications

2:1 or First Class in an analytical subject, e.g. mathematics, accounting, engineering, etc. that equips individuals with the skillset required to conduct research and analysis or to understand the narrative behind the numbers

Masters in an investment-related field

Has obtained the IMC certificate and passed CFA Level 1

Experience

2

Either or both degrees include experience of building models, handling large volumes of data and analysing them using Excel or VBA

Was an active member of an investment club at university

Has completed or is in the process of completing a graduate program or internship within a recognised investment house in front office. A specific investment analyst program would be desirable

How to Become an Investment Analyst

Can demonstrate a track record - either real or virtual - in picking stocks

It is a daunting list. But as challenging as qualification points 1-3 are, experience points 4-7 are arguably the most important.

Standing out from the crowd‌ To differentiate yourself in what is an extremely competitive area, it is crucial you demonstrate a real passion for the discipline beyond the experience and commitment.

If you are an aspiring designer or photographer you will have a portfolio of work. Budding investment analysts should be no different.

Being able to discuss at interview your five best stock ideas or investment strategies can make you really stand out.

Reference to an investment blog you have been writing for the past two years will be similarly impressive.

Having active stocks and shares ISA, however modest, is a good start too.

‌While fitting in But even if you have ticked all these boxes, you may not be quite the right fit for the hiring organisation.

Some asset managers might be seeking a conservative, process-driven analyst, while others may be looking for a more creative, contrarian investor.

Importantly, as well as giving you an edge during the recruitment process, experience points 4-7 will give you the opportunity to explore a range of styles and work out what approach best suits you.

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How to Become an Investment Analyst

Aspiring investment analysts This article is not meant to deter aspiring investment analysts. It is meant to encourage.

So if you are one, don’t despair. If you are at school, university or recently graduated, this article should form a road map for your future success.

If you’re already working within the financial sector but don’t have many, if any, of the elements described above, perhaps a career as an investment analyst isn’t really for you.

You may be largely attracted by the money and reputation. No bad thing in itself, but perhaps not enough to sustain a long and fulfilling career.

Put simply, if you are not already running your own portfolio in some form or another, writing your own investment blog or debating stock ideas with likeminded souls, being an investment analyst probably isn’t your great calling in life.

After all, a budding photographer who has never taken a photograph is no photographer at all.

Betsy Williamson Director, Asset Management Core-Asset Consulting t: 0131 718 4600 e: betsy@core-asset.co.uk

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About Core-Asset Consulting We are an independent recruitment company dedicated to asset management, accounting & finance, asset servicing, legal and the wider financial services sector in Scotland.

A specialist recruiter, our expertise extends across permanent, interim, temporary and contract positions, as well as pre-employment vetting and onboarding services.

Working in close partnership with clients to tailor the most effective recruitment strategies, we have the resources to target exceptional candidates - at home or overseas - and match them to roles that encourage them to excel.

To do so, we put people before profit, service before sales and ethics above all.

Helping you realise your potential Whether you’re taking the first step on the career ladder, looking for a new challenge, or just keen to discuss your career options, we’re here to help.

For more information about the services we offer, please get in touch: +44 (0) 131 718 4600 edinburgh@core-asset.co.uk www.core-asset.co.uk

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CORE-ASSET CONSULTING 37 Melville Street Edinburgh EH3 7JF t: +44 (0)131 718 4600 w: core-asset.co.uk