Careers in fund management/administration and investment banking

Getting a job in fund management/administration and investment banking

The entry route to jobs in this sector is generally through a graduate training scheme, often after completing an internship.

Some banks offer a number of different graduate training schemes, specific to their different divisions. Others will offer training schemes that include rotations between different areas of the business – and sometimes between different countries.

Different areas of work

Within the funds industry, you could be working in:

• Research analysis – gathering information.
• Portfolio management – responsible for a portfolio of investments.
• Client relationship/client services – the first point of contact for clients.
• Fund services – ensuring the fund is managed properly.

Within banking you could be working in:

• Investment banking – helping organisations raise funds in the capital markets.
• Corporate banking – providing financial services to high turnover organisations.
• Private banking – providing financial services to high-net worth individuals.

The application process

It’s usual to go through a three-stage application process: an application form (often online) followed by a first round interview and an assessment centre. You can get advice on all of these from your university careers office.

When to apply

Applications for all jobs in the finance sector tend to fall early in the academic year, so keep your eyes open for deadlines.

Skills required to work in fund management/administration and investment banking

You don’t necessarily need a finance degree, although you will need to be numerate, but these jobs usually require a 2.1 degree or above. Employers will also be looking for evidence of your analytical skills and a confident manner. Good interpersonal skills are particularly important for careers in banking. For jobs in the funds industry, you’ll need a strong interest in the financial markets and the ability to learn quickly.

Opportunities for professional development

A graduate training programme in this sector is an excellent basis for career progression and you will continue learning as you move up the corporate ladder.

Salaries in fund management/administration and investment banking

As you would expect from this competitive area of work, the rewards can be very good. Within the specific field of fund management/administration and investment banking, salaries are likely to be higher than in the rest of the financial services sector.

Working life

Working in the financial markets is a fast-paced, demanding career. Working hours vary: traders, in particular, tend to work an earlier day.