Wealth Management Associates

Wealth Management Associates

Wealth management associates manage the investment portfolios of high-net-worth clients and use their entrepreneurial and sales skills to attract new clients. Associates may also be known as private bankers, personal financial advisors, and wealth managers.

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Quick Facts
Alternate Title(s) Personal Financial Advisors, Private Bankers, Wealth Managers
Duties Manage the investment portfolios of clients and work to attract new clients; monitor client portfolios; analyzing financial data and projections
Salary Range $25,000 to $100,000+
Work Environment Primarily Indoors
Best Geographical Location(s) Opportunities are best in areas where a large number of high-net-worth individuals reside
Minimum Education Level
  • Bachelor's Degree
  • Master's Degree
School Subjects
  • Business
  • Economics
  • Mathematics
Experience Two to three years of experience as an analyst at a wealth management, hedge fund, private equity, or venture capital firm, or in financial sales and trading positions
Personality Traits
  • Enterprising
  • Hands On
  • Outgoing
Skills
  • Financial
  • Interpersonal
  • Research
Certification or Licensing Required
Special Requirements None
Employment Prospects Good
Advancement Prospects Good
Outlook Much Faster than the Average
Career Ladder
  • Managing Director
  • Partner
  • Chief Investment Officer/Vice President
  • Associate
  • Analyst

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