A capital market is a place where businesses can raise money to support their operations by selling stock to public and private investors. Many jobs that involve working with the capital market pay competitive salaries with flexible work opportunities. You might enjoy a career in the capital market if you have a background in finance and enjoy working with others. In this article, we consider what a career in the capital market entails and explore a list of nine capital market careers.
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What is a career in the capital market?
A career in the capital market involves helping companies raise funding by selling stock to investors. This can include responsibilities like facilitating communication and transactions between companies and investors and organizing deals that benefit both the company and the investor in each case.
When selling stock in the capital market, many companies sell through an initial public offering (IPO) that allows individuals from the general public to purchase stock that a company newly issues. It can also be common for companies to use private placement in the capital market, which sells certain shares to investors that a company chooses beforehand.
9 capital market careers
Here are nine jobs you can pursue in capital markets:
1. Credit analyst
National average salary: $57,357 per year
Primary duties: A credit analyst reviews financial data to make decisions about loan applications. This can involve analyzing candidates’ credit to determine whether they qualify for a loan, conducting cash flow analyses for businesses to gauge the potential risk that might come with extending their credit, and paying attention to lending regulations to ensure all transactions are legal. Credit analysts can also take part in audits for companies and individual clients.
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2. Fund manager
National average salary: $66,223 per year
Primary duties: A fund manager is a finance professional who purchases and sells stocks in a company’s portfolio. This can involve reviewing a company’s portfolio to ensure it sells and purchases the correct stock options, working with analysts to determine the best choices for investments, and conducting research on the market. Many fund managers also oversee a company’s mutual funds and pensions.
3. Business development manager
National average salary: $72,579 per year
Primary duties: A business development manager helps companies grow by conducting research into different markets and creating strategies for improvement. This can involve pursuing potential leads by cold calling and sending emails, learning about a company’s target markets to understand how to draw in more clients, and communicating with existing clients to determine how a company can enhance its customer satisfaction. Business development managers also typically have a thorough knowledge of a company’s mission, products, and services that allows them to make recommendations for achieving business growth, like adjusting operations or marketing certain products more heavily.
4. Broker
National average salary: $77,535 per year
Primary duties: A broker, or stockbroker, purchases and trades stocks for individual clients and businesses. This can involve managing financial portfolios to determine which stocks they should buy and sell, communicating with clients to ensure they adhere to their financial needs, and researching the markets they operate in to earn the highest possible return for their clients. A broker can also put effort into remaining updated about new regulations in the finance industry to inform future decisions about investing.
5. Underwriter
National average salary: $77,562 per year
Primary duties: An underwriter reviews applications for services like loans, mortgages, securities, and insurance policies. This can involve analyzing applications to determine whether a candidate qualifies for the service they apply for, estimating the potential risk that a candidate might pose to a lending agency, and conducting research on financial details that can inform their decisions. Underwriters can also approve or deny applications themselves according to the potential risk they pose.
6. Portfolio manager
National average salary: $93,053 per year
Primary duties: A portfolio manager develops investment plans for individual clients and organizations. This can involve organizing strategies for investing that can earn their clients the highest returns possible, analyzing the assets in a client’s portfolio to determine which types of assets they might want to invest in, and conducting transactions by purchasing or selling stocks. Portfolio managers can also maintain frequent communication with their clients to adjust their strategies according to their client’s financial goals and interests.
7. Actuary
National average salary: $113,346 per year
Primary duties: An actuary is a finance professional who works in the insurance industry and analyzes the potential risks a business might encounter in its future operations. Actuaries can develop insurance policies by choosing coverage options and setting prices, conducting research to determine the potential cost of unforeseen events, and working closely with market research analysts to gauge public interest in new insurance products and services. An actuary can also use calculations to estimate how certain insurance policies might benefit a company in different situations, such as injuries or accidents.
8. Risk manager
National average salary: $113,735 per year
Primary duties: A risk manager evaluates and communicates about the potential financial risk an organization might encounter. This can involve developing strategies for reducing a company’s financial risk, conducting research into how a company has responded to risk in the past, and communicating about potential risks with an organization to prepare them for new policies and procedures related to risk management. Risk managers can also keep detailed records of a company’s insurance policies and claims to use when developing future risk management strategies.
9. Senior manager
National average salary: $129,764 per year
Primary duties: A senior manager is a finance professional who oversees the initial public offering (IPO process). Senior managers ensure the IPO market functions efficiently raises money for businesses, and list stocks on the stock exchange platform to invite people to bid and participate in trades in the main trading room. Most senior managers work for the stock exchange, but they can also work for banks or finance companies.
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