Additional Information
A mutual fund manager usually holds a degree in business or economics.
But according to Janet Miller, a partner in an investment firm, that specialization
is not always required.
"A liberal arts education, wherein one develops analytical skills, can
stand you in good stead in finance," she says. "You will need specialized
training or study at some point. But the important thing is the analytical
ability."
An MBA can improve your earning potential and "many investment companies
desire it," says portfolio manager Mike Ward.
Most of the experts recommend the chartered financial analyst (CFA) program
run by the CFA Institute. According to the institute, the program "is a globally
recognized standard for measuring the competence and integrity of financial
analysts."
The CFA is a self-study program with exams conducted at three levels. A
candidate may take only one exam per year. It's an intensive, time-consuming
program (approximately 250 preparation hours per year) which tests your ability
to apply investment principles at a professional level.