Career Definition of Chief Investment Strategists
Chief investment strategists specialize in managing an organization's investment assets, such as real estate holdings, fixed income, and equity securities. These strategists usually work full-time in an office environment. Chief investment strategists can work for a variety of companies, including financial institutions and real estate agencies. Job duties for chief investment strategists may include the following: creating overall investment goals and strategies and implementing work processes; collaborating with personnel like investment officers; and, analyzing vendor service agreements for contract stipulations and services covered and making recommendations on any necessary changes. Chief investment strategists will analyze the performance of a variety of investments, such as mutual funds, stocks, and bonds.
Chief investment strategists will need to be knowledgeable on market trends that could impact an organization's investments. These strategists will also need to be knowledgeable on items like fiduciary principles and regulatory legislation. Chief investment strategists may be responsible for developing an investment offering list for clients. These strategists may also be responsible for developing a team of personnel and overseeing their work. They can provide organizational management and board members with recommendations on appropriate investments, obtain the appropriate approvals, and draft all paperwork. Chief investment strategists can also travel when needed to meet with clients or investment managers.
|Educational Requirements||Bachelor's degree; master's degree sometimes preferred|
|Job Skills||Excellent analytical abilities, strong communication skills, and effective project management abilities|
|Median Salary (2021)*||$95,550 (Investment Strategist)|
|Job Outlook (2020-2030)**||17% (Financial Managers)|
Sources: *PayScale.com, **U.S. Bureau of Labor Statistics
A career as a chief investment strategist requires a bachelor's degree in finance, economics, or mathematics, with some employers preferring a master's degree and/or at least 10 years of work experience in the field. A strong background in asset allocation, portfolio management, or securities analysis will be beneficial. Interested individuals can join an industry organization like the Investment Program Association. The organization offers members access to educational courses and annual conference.
Excellent analytical abilities are one of the most vital skills for chief investment strategists. These strategists must be able to evaluate an organization's financial needs and select appropriate investments that will meet financial goals. Chief investment strategists should have strong communication skills in order to collaborate with colleagues and interact with clients or organizational management. These strategists should also have effective project management abilities in order to successfully oversee multiple business initiatives.
Career Outlook and Salary
The U.S. Bureau of Labor Statistics (BLS) does not provide information on chief investment strategists specifically; however, they estimated a 17% job growth for all financial managers during the 2020-2030 decade. This growth is much faster than average compared to all occupations. In December 2021, PayScale.com reported a median annual salary of $95,550 for investment strategists.
People interested in becoming a chief investment strategist could consider one of the below related careers. These positions are all within the financial sector.