Employers
Mutual fund companies are located throughout the United States and the world. Many workers in the investment fund industry (i.e., mutual funds, closed-end funds, exchange-traded funds, and unit investment trusts) are employed in Massachusetts, New York, California, Pennsylvania, and Texas. Other states with a significant number of workers included Colorado, Illinois, Kentucky, New Jersey, New Hampshire, and North Carolina. States with a very low number of investment fund workers included Arkansas, Idaho, Louisiana, Mississippi, Montana, South Dakota, West Virginia, and Wyoming.
MutualFundDirectory.org reports that the mutual fund companies with the largest assets under management (as of March 2022) were:
- Black Rock Funds
- Vanguard
- Charles Schwab
- JPMorgan
- BarclayHedge
- Fidelity Investments
- State Street Global Advisors
- Capital Group
- BNY Mellon (Dreyfus)
- Amundi Asset Management
Starting Out
Many aspiring portfolio managers start out as research analysts or portfolio manager associates. These workers conduct research on potential investments, particular sectors (such as health care, energy, or information technology), and general business and economic conditions that will affect investment decisions.
So how do you land a job as a research analyst or portfolio manager associate? Some people are lucky enough to get hired right out of college, but another way to work your way into the industry is to participate in an internship or fellowship. Many large mutual fund companies offer these programs. Here are some links to internship and related programs:
- Artisan Partners: https://www.artisanpartners.com/careers/career-opportunities.html
- Charles Schwab: https://www.schwabjobs.com/internship-academy
- Franklin Templeton: https://www.franklintempletoncareers.com/franklin-templeton-internship-programs
Other job-search strategies include visiting the Web sites of employers to check out job listings, using the resources of your college’s career services office, networking online on LinkedIn, SumZero, and other social networking sites, working with recruiters, and using the networking and career resources of professional associations.
- Accountants
- Architects
- Assessors and Appraisers
- Auditors
- Chief Information Officers
- Commodities Brokers
- Compliance Managers
- Economists
- Financial Analysts
- Financial Consultants
- Financial Institution Officers and Managers
- Financial Institution Tellers, Clerks, and Related Workers
- Financial Planners
- Financial Quantitative Analysts
- Financial Services Brokers
- Interior Designers and Decorators
- Investment Fund Managers
- Investment Professionals
- Investment Underwriters
- Mutual Fund Accountants and Auditors
- Mutual Fund Analysts
- Mutual Fund Compliance Professionals
- Mutual Fund Customer Service Representatives
- Mutual Fund Financial Managers
- Mutual Fund Lawyers
- Mutual Fund Marketing Specialists
- Mutual Fund Risk Managers
- Mutual Fund Wholesalers
- Property and Real Estate Managers
- Real Estate Agents and Brokers
- Real Estate Clerks
- Real Estate Developers
- Real Estate Lawyers
- Real Estate Writers
- Regulatory Affairs Managers
- Regulatory Affairs Specialists
- Retirement Planners
- Statisticians
