Embark on a Career in Investment Consulting: Insights from a 25-Year Veteran
Having recently participated in the CFA Program Career Webinar Series, I am excited to share my journey and insights with Enterprising Investor readers. As a managing director and partner at Marquette Associates in Chicago, my 25-year career in investment consulting has been rewarding and enriching.
My Unique Path to Investment Consulting
My career began in economics in the UK before I ventured to the US and joined Merrill Lynch. Passing the CFA exams opened doors for me, leading to a role as a fixed income credit analyst. While valuable, I realized my true passion was in consulting, which combined my knowledge of economics and asset management seamlessly.
Embracing Investment Consulting as a Calling
Investment consulting is a dynamic mix of quantitative analysis and relationship management. I see myself as a matchmaker, aligning clients with the right asset classes and strategies for their portfolios. Each day brings new challenges and learnings as I engage with diverse clients and industries.
Cultivating Your Personal Skills Portfolio
To succeed in investment consulting, a balance of technical expertise and relationship-building skills is essential. Effective communication and trust-building are key in advising clients and interpreting complex data.
Entering the Field of Investment Consulting
Transitioning into investment consulting may seem daunting, but leveraging your network and showcasing a strong foundation in investment principles can open doors. Embrace curiosity, humility, and a willingness to learn to impress prospective employers.
Embracing Technology and AI in the Industry
As artificial intelligence revolutionizes the industry, understanding and harnessing its power is crucial. While AI can streamline processes, the human touch and relationship-driven approach in consulting remain irreplaceable.
Key Takeaway
Investment consulting is a dynamic field that demands continuous growth and adaptation. Stay curious, embrace challenges, and be willing to venture outside your comfort zone to thrive in this evolving industry.