More commonly known as ‘Private Banking’, Wealth Management is a rapidly growing field within the finance sector. Driven by the abundant economic growth in the last few decades, Wealth Management has been compounded by the recent rise in the prosperity of the Asian nations. Private Banking has grown to become a distinguished field of study, and major universities of the world have initiated courses on the same.
We have brought you the best course on Wealth Management that you can take to acquire this skill in demand. To begin with, let us start by understanding what Wealth Management is.
What is Wealth Management?
Wealth Management can rightly be called an investment advisory service. In order to meet the complex needs of individuals, a wide range of services including real estate planning, investment advice, tax services, accounting and retirement planning, may be provided.
Top 5 Wealth Management Courses Approved by Bankers
Here is a chronicled list of the best 5 wealth management courses provided by renowned organizations around the globe and approved by bankers.
- Professional Certificate in Wealth Management from NYIF
- The Portfolio Manager from Financial Edge
- Capital Markets and Securities Analyst (CMSA) from CFI
- Algorithmic Trading Programme from Oxford University
- Investment Management from the University of Geneva
To elaborate on each of them…
Professional Certificate in Wealth Management from NYIF
The New York Institute of Finance (NYIF), established in 1922, is among the most solid brands you can choose to reflect on your CV when you are pursuing Investment Management as your Career. This course will not only give you a clear edge during recruitment processes but will also efficiently build on your skills in Wealth Management with its highly structured course.
The Portfolio Manager from Financial Edge
Financial Edge is among the top training providers employed by banks to train management trainees from elite B-schools. Bagging a certificate from a renowned brand helps your CV stand out. This way, you boost your skills and enhance your resume simultaneously.
Capital Markets and Securities Analyst (CMSA) from CFI
Capital Markets and Securities Analyst (CMSA) is oriented towards financial and capital markets where major investment capital lies. Hence, an apt course for Wealth Management. You can kick start with courses like economics for capital markets or Bloomberg essentials before you jump into advanced courses. On the other hand, if you are well versed with the basics, you can skip to advanced level topics like Behavioral Finance, High Yield Bonds, Subordinated Debt, and Loans.
Algorithmic Trading Programme from Oxford University
The University of Oxford is the dream name reflected on your resume. Understanding the importance of AI and ML automated programs in wealth management, Oxford’s wealth management courses assists you in making money the modern way. Thus, it is wise to jump into and explore algorithm trading and understand algorithms that manage money. Saïd Business School at the University of Oxford has designed this course precisely incorporating modules like robo advising, trading system designs, systematic trading, and algorithm trading.
Investment Management from the University of Geneva
When it comes to Wealth Management, the Swiss know it the best. The global market leaders like UBS and Credit Suisse are on the top, and this certification teaches you about how the Swiss make it to the top. The course is client-centric and focuses on the most important skill of convincing your clients to hand over their millions to you for Wealth management. The course will help you understand a client’s needs and prepare you to be a Wealth Manager.
Frequently Asked Questions
1. How much do wealth managers earn?
The average salary of wealth managers in the US in 2022 is estimated to be around $78,100.
2. Is Wealth management the same as Financial Planner?
Ans. Some professionals do work as both wealth managers and financial planners, but the two are not essentially the same. Wealth management is focused on investments and assets. On the other hand, financial planners also consider everyday household finances and insurance needs.