Whether you wish to be self-employed or employed, there are some steps (beyond being interested in the financial markets) that will help you become a portfolio manager.

1. Earn a bachelor’s degree: Most employers require portfolio managers to have at least a bachelor’s degree in a field such as finance, economics, or business. This will provide you with a foundation in the principles of finance and investing, as well as the technical skills you’ll need to analyze financial data and make investment decisions. You are likely not going to land a job as a portfolio manager immediately after graduation though.
   
2. Get relevant work experience: Many employers also require portfolio managers to have several years of work experience in a related field, such as financial analysis or investment banking. This can help you develop the practical skills and knowledge you’ll need to manage a portfolio effectively. Note that portfolio management is much more than stock picking! In large organizations, communication skills and thorough financial knowledge go a long way. Remember that most portfolio managers perform worse than the main stock index, regardless of the market.
   
3. Obtain professional certification: Some portfolio managers choose to obtain professional certifications, such as the Chartered Financial Analyst (CFA) or Certified Financial Planner (CFP) designations. These certifications can demonstrate your knowledge and expertise in the field, and may improve your job prospects and earning potential. In most cases you can ask your employer to foot part of the bill. The education is often tax deductible.
   
4. Develop your network: Building a strong network of contacts in the finance and investment industry can be beneficial for your career as a portfolio manager. This can include networking with other professionals, attending industry events, and joining professional organizations. In large organizations, as in life, opportunities are given by humans.
   
5. Seek opportunities for advancement: As you gain experience and develop your skills, look for opportunities to take on more responsibility and advance in your career. This may involve applying for higher-level positions, such as senior portfolio manager or chief investment officer, or starting your own investment management firm. If you can’t wait, you can start directly your own investment management firm by joining Vanilla Equity.