Asset Management Internship – Skills required

Introduction:

Be it any student or a fresher, the competition for being the best in the industry is constantly increasing. In such a situation, Experience has become a key factor for everyone who is deciding to put his or her foot in the industry. So, the question is, from where can someone get the experience of the industry without doing a job? That’s where Asset Management Internship come in.

Internships are a period of work experience which are offered by all sorts of companies to the students or freshers. In this period, interns are made well aware of the working of the industry. Not only that, they often encounter various problems which test their soft skills and ability to manage their work and apply their skills to the real world. 

As it often happens, everything has its advantages and disadvantages. Everything comes down to your interest, what you are willing to do in your life. If you simply don’t like what you are doing, it will eventually be very difficult to cooperate with your work even if you once beat all your competition to land this internship.

For students pursuing their degrees in the finance industry, there are many internships available. One of the most famous positions in the Business industry nowadays is Asset Management and getting an internship in such a position can be a life-changing moment.

Asset Management

What is an Asset Management Internship?

Asset management refers to the management of investments or money or capital on behalf of others. An Asset Management firm will take money from its clients and investors into the different parts of the financial markets according to the risk appetite and the investment goals of the client.

Jeff Bezos Career Advice
Jeff Bezos Career Advice

An internship in the field of Asset Management can provide a well-structured experience in the ever-growing investment world. In every leading company, interns are mentored by some top investors and sales professionals with a good mixture of practical and theoretical knowledge.

Skills required

An intern in Asset Management is expected to have these skills:

  • Ability to work in a collaborative and challenging environment
  • Great analytical and communication skills
  • Thinking strategically with a big perspective
  • Extreme passion for Investing and organizational skills
  • You should pay attention to minute details etc.

While all this seems reasonable and one can have these skills or can master it if they have that passion for their job, there is a bigger problem. The problem of fewer jobs available.

How hard is it to get this internship?

To get a job or an internship in the investment of the industry. Despite being a role that requires heavy attention and even after being full of hustle every moment, for most students or freshers, this is a role that remains a top destination for meeting their financial or career goals.

According to a report by JP Morgan, they receive more than 50,000 applications for a mere amount of 400 internship positions that are available in their company. In Goldman Sachs, the company saw a 50% growth in applicants applying for internship positions in a single year. The acceptance rate is very little as compared to the number of applicants. The hiring rate drops to 1% sometimes, making it seem as hard as cracking the JEE exam and getting a seat in IIT. Remember this is an internship, not an actual job in the first place.

Also, the hiring process is itself very tiring and difficult. There are all sorts of questions based on Behavior, Technical questions involving market analytics to even some hard Mathematics and Logic Problems that can easily trouble you. Not only that, the trickiest part will be the questions revolving around “Portfolio Management”. 

Reasons for the low acceptance rate

  • With the advent of the Pandemic and people losing their money due to the continuous lockdown periods, the need for managing personal finance has become more significant. 
  • With the massive growth of Startup culture and the rate by which the popularity of Cryptocurrency has increased, students have inclined more towards taking interest in the Investment sector, making it harder for people to get an internship in fields such as Asset Management.
  • Many students nowadays pay their college fees on an education loan, and since the average pay of an Asset Manager is relatively higher than any other job in Banking Field, they often think this is the golden opportunity for paying all of their debts through this field.
  • Also, from all other banking fields, investment is such a field that gives the employer the freedom of getting exit opportunities. You can most probably get a job in any banking field after doing Asset Management.
  • And one of the biggest reasons can be the underlying pride that an internship in Asset Management brings to the people. When young people get such an opportunity after fighting for a spot with so much competition, it automatically brings a sense of satisfaction to them.
  • The experience that an intern gets in an Asset Management position is invaluable for them getting any financial role in the industry which is the sole purpose of doing internships. Also, this gives them the proper career path they need in their life.

Conclusion

While there are a whole lot of people fighting to get an internship in any known field in the industry, it is indeed an undeniable truth that the experience of an Asset Management Internship provides a strong value to you as an employer looking for a job in the Investment sector. 

Be it any student or a fresher, the competition for being the best in the industry is constantly increasing. In such a situation, Experience has become a key factor for everyone who is deciding to put his or her foot in the industry. So, the question is, from where can someone get the experience of the industry without doing a job? That’s where Internships come in.

As it often happens, everything has its advantages and disadvantages. Everything comes down to your interest, what you are willing to do in your life. If you simply don’t like what you are doing, it will eventually be very difficult to cooperate with your work even if you once beat all your competition to land this internship.

Asset Management Internship – Skills required

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