Fund Administrator Careers Information
Fund administrators provide a range of services to their clients. Primarily, they are responsible for tracking the performance of financial markets, particularly those in which the fund is invested. They conduct complex risk analysis of potential investments, and managing their clients’ investments.
Fund Administrator Careers & Degrees
- Colorado Technical University - Undergraduate: Undergraduate - Online
Jones International University: Online
American Intercontinental University: Online
Fund managers have the responsibility of preparing paperwork for regulatory bodies, and often oversee teams of junior analysts to help manage the fund. They’re in charge of coordinating and planning the fund, and employ the analysts working under them to help make the best decisions for their clients’ money.
Beyond the financial duties, however, fund administrators must have a comfortable personality, as a large part of their responsibilities involve consulting with and giving advice to clients and potential clients. Often, this involves interacting with exceedingly wealthy investors, and projecting a professional demeanor can be as important as a deep understanding of the markets.
Fund Administrator Careers Path
As with most other financial jobs, a bachelor’s degree in finance, economics, or business administration is crucial. Unlike many other finance jobs, fund administrators often specialize in investing in a specific industry, so a very in-depth understanding of one or several markets is very helpful.
Fund administrators, very often, begin as junior analysts (it is almost impossible to begin a career right out of college as a fund administrator or manager), and it is often encouraged that analysts obtain the Chartered Financial Analyst (CFA) designation.
Fund Administrator Careers: Compatible Personality Traits
Very strong quantitative and analytical abilities, driven and motivated personality, ability to work independently as well as in groups, interest and knowledge of financial markets, strong organizational skills and the ability to multitask, calm demeanor and ability to handle prolonged stress
Fund Administrator Careers: Salary Expectations
The salaries for fund administrators will vary by location, experience, and specific industry. Further, market conditions will have a profound effect on the earnings of fund administrators and managers, as pay is often contingent on the performance of the fund. The average salary for fund administrator is just over $105, 000, with most earning between $73,599 and $142,393.
Fund Administrator Careers: Job Outlook
Though job prospects for many financial jobs have weakened slightly following the economic downturn, fund administration remains somewhat strong. Though online trading and other client-specific tools allow people to manage their money personally, fund and wealth management is still most often left to experts.
Further, ever-expanding forms of securitization and the growth of mutual funds, hedge funds, and large-scale investing will most likely continue to create fund management positions. And workers seeking to enter into the field would be well-advised to seek training or experience of foreign accounting standards and economies, as globalization of markets and the emergence of developing nations will continue to create many investment opportunities.
Competition is and will continue to be stiff, but jobs will continue to grow at a slightly higher rate than the overall average for all occupations.
Slightly off the Footpath
Sources: bls.gov/oco/cg/cgs029.htm; payscale.com; salary.com
