Asset management refers to the management of investments on behalf of others. The goal of asset management is to grow a client's portfolio over time while mitigating risk. Asset management is a service offered by financial institutions catering to high net-worth individuals, government entities, corporations and financial intermediaries.
Asset management is the practice of increasing total wealth over time by acquiring, maintaining, and trading investments that have the potential to grow in value. Asset management professionals perform this service for others. They may also be called portfolio managers or financial advisors. Many work independently while others work for an investment bank or other financial institution.
The Bachelor of Arts in Economics with a concentration in Asset Management is designed for students interested in learning the fundamentals of economics but wish to also gain training in finance.
According to the Bureau of Labor Statistics, the employment of economists is projected to grow 14% from 2019 to 2029, much faster than the average for all occupations. Job prospects should be best for those with strong analytical skills, and experience using statistical analysis software.
The Asset Management concentration will fulfill the gap that exists in linking economic theory with the performance of the financial markets. Students will develop analytical skills by creating models that link the numerous economic factors with fair value, risk and returns, and the financing of various assets. The field will not only prepare students for numerous asset management jobs, but students will also be prepared to work for firms across various industries that require quantitative analytics skills. Under the umbrella of asset management careers, you can follow quite a large number of career paths. However, here are the most common asset management exit opportunities that specialists in this field go for:
- Market Research Analyst
- Private Equity Specialist
- Credit Analyst
- NAV Fund Accountant
- Equity or Debt Dealer