A mutual fund broker functions as a salesperson who pitches the various bonds and stock options to the existing and potential clients of a mutual fund company. He/she helps the concerned client to plan a well-knit investment portfolio that has the scopes of profitable investment in the mutual fund market and in the money market. A mutual fund broker also, on certain occasions, play the role of a fund manager who works in tandem with the analysts to sell the available mutual fund products and optimize the investment portfolio of the customers.
How to become a mutual fund broker:
In order to become a mutual fund broker, it is essential to receive an under-graduate degree in the field of accountancy or economics or financial management. This helps in getting one accustomed with the fundamentals of the dynamics.
The interested candidates also go for a post graduate degree in the same field or related subjects in order to acquire advanced knowledge in this regards.
Courses, training, programs:
The training is extensive for establishing one’s self in the field of mutual fund business. The course modules of the programs are tailor made to suit the practical situations and sharpen the previously acquired skills of the prospective mutual fund brokers.
Mutual fund broker career, schools/colleges, education:
The education institutes in the US are of top class that provides advanced study programs including accountancy, economics, management degrees that imbibe excellent skills in a person to become a successful mutual fund broker. The infrastructural facilities are excellent.
Top 5 colleges/universities:
Pennsylvania State University
Mutual fund broker job opportunities, salaries/pay:
The mutual fund companies in the US recruit the brokers at regular intervals of few months. Moreover, some of the investment banks also employ mutual fund brokers as executives supporting the investment analysts. The salary varies from company. The starting level is around $45,000/annum and can cross more than $1, 00,000/annum.
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