A career in finance used to mean going straight into an investment bank from university.
But tougher regulations, lower pay, and a work culture of long hours are making that a less attractive prospect.
If a career in a bank doesn’t sound attractive but you still want to manage other people’s money, then asset management could be for you.
The firms are smaller, leaner and can have a more collegiate atmosphere. But it’s hard to get a job.
Luckily, Sebastian Stewart, head of client services at Somerset Capital Management, has a presentation that can fix that.
Stewart gave the presentation at a conference organised by Stanhope Capital in December and we got hold of the slides.
Asset management is a term that can be used to refer to a lot of different things.
It’s about how, where, and when to invest.
A firm uses roughly the same resources for managing small or large amounts of money.