What Type Of Person Thrives In The Investment Industry, According To A Portfolio Manager At A Private Bank
Success in the investment industry hinges on strong technical competence; as James, a Portfolio Manager, notes, "you can really sniff out pretty quickly if somebody doesn't know what they're talking about". Financial motivation and a genuine interest in the field, coupled with "competency but also motivation for money and a good long-term career," are also key factors for thriving in this competitive environment.
Financial Motivation, Technical Competence, Industry Knowledge, Long-Term Career, Competency
Advizer Information
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James A Vogl
Portfolio Manager
Private Bank
Iowa State University 2006
MBA, Ucla Anderson school management, full-time program 2013; masters of education at Millikin University, 2008
History, Art History
Finance (Banking, Fintech, Investing)
Finance
Video Highlights
1. Strong technical competence is crucial for success in the investment industry.
2. Financial motivation and comfort with money are common traits among those who thrive.
3. A genuine interest in the field, coupled with competence and the pursuit of a lucrative career, are key motivators for professionals in this area.
Transcript
How would you describe people who typically thrive in this industry?
I think it spoke to her attacking technical competence. That's a huge thing. You can really sniff out pretty quickly if somebody doesn't know what they're talking about.
People who are versed tend to be pretty quickly identifiable when somebody is first, or if they know what they're talking about. If they don't, it's embarrassing for them very quickly.
I don't try to embarrass people, but they get humbled pretty quickly when they realize how far off they are on certain concepts. I think people are financially motivated to go into the investment world because they're comfortable with money.
They like being around it. Even accounting for wage growth and other sectors, it's still been something that has consistently paid quite a bit for a long time. So I think the motivations are usually a lot of interest and competency, but also motivation for money and a good long-term career.
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