Why Do You Want To Be an Asset Manager? 38 Common Interview Questions

By Indeed Editorial Team

Published November 23, 2021

When interviewing for a position as an asset manager, it's common for potential employers to ask questions regarding your work experience, training and character. It can be beneficial to prepare and practice thorough answers to typical interview questions ahead of time. Understanding how to approach these questions and how to model your answers to emphasize your abilities can help improve your hiring potential. In this article, we share 38 questions you may encounter while interviewing for an asset manager position, including four questions with sample answers.

Read more: What Is Asset Management?

11 general questions for asset manager interviews

Most interviews begin with general questions regarding who you are as an individual. Employers ask these questions to obtain a better understanding of your personality, attitude and motivation for applying to the position. They may use these questions to assess whether you will collaborate well with coworkers and contribute toward a positive work environment. Here are some examples of general questions you may encounter when interviewing for a position as an asset manager:

  1. What are your strengths and weaknesses as a manager?

  2. How might you contribute to the success of this company?

  3. Have your personal hobbies or interests influenced your approach to asset management?

  4. Do you see yourself still working as an asset manager in 10 years? If not, what do you see yourself doing?

  5. What intrigued you about this position?

  6. How important is organization when it comes to asset management?

  7. What do you think is the most important skill a manager can have?

  8. How do you feel about sharing responsibilities with other asset managers?

  9. Do you enjoy working with others? Why or why not?

  10. If you could change one thing about yourself as a manager, what would it be and why?

  11. Describe your idea of a perfect work environment.

Read more: Asset Manager vs. Investment Manager: Definitions and Differences

11 questions about experience in asset management

Employers may ask questions regarding your experience to ensure that you meet the proper qualifications for an asset manager position. You can use these questions to incorporate anecdotes that demonstrate your management style and strategies. Here are some questions about your experience that an interviewer may ask:

  1. When did you first become interested in investment?

  2. Describe your past education or any plans for furthering your education.

  3. What are the top three elements you look for in an asset?

  4. How have your past work experiences prepared you for this management position?

  5. How would you explain asset management to a person completely unfamiliar with investment banking?

  6. What are your opinions on financial risk-taking? Have you ever had an experience as an asset manager where taking a risk paid off?

  7. Describe the most challenging experience you have dealt with in your career. What did you learn from it?

  8. How have you used research or analytics to inform past investment choices?

  9. What would you say is your biggest career accomplishment?

  10. How did your education prepare you for a career in asset management?

  11. Have you had a relationship with a client that profoundly affected you as an asset manager? How so?

Read more: How To Write an Asset Management Cover Letter (With Tips)

12 in-depth asset manager interview questions

Interviewers may ask more in-depth questions to perceive your methods for managing situations that asset managers commonly encounter. These questions often focus on how you may approach various scenarios, including employee relationships, adhering to ethics and meeting expectations. Some examples of in-depth questions you may hear when interviewing for a position as an asset manager include:

  1. What do you believe is the most challenging part of being an asset manager?

  2. Have you ever considered working as a freelance asset manager? Why or why not?

  3. How would your previous coworkers describe your management style?

  4. Describe a time someone challenged your expertise and how you approached the situation.

  5. What are the most important components for a successful team?

  6. Describe your familiarity with this company and its investment history.

  7. How do you prefer to communicate with clients?

  8. How would you rate your market knowledge and why?

  9. Are there certain industries you are more interested in working with? If so, why?

  10. What are your long-term goals for working with this company?

  11. How often do you think is appropriate to communicate with clients?

  12. In your opinion, what are the most valuable investments a person can make in today's market?

Read more: How To Get a Job in Asset Management

4 interview questions and sample answers for asset managers

Here are four more interview questions you may encounter as a prospective asset manager, plus sample answers:

1. Why do you want to be an asset manager?

The interviewer may ask this question to understand your motivations for seeking this position and what prepared you for working successfully in the field. This question is a great opportunity to illustrate your passion for investing and emphasize to the interviewer why you are a good fit for the job. Here is a sample answer to consider when preparing for your interview:

Example: "I have been interested in money management since I took my first economics class in high school. I gravitate towards investment consulting and asset management because I enjoy helping others make impactful decisions. It's very rewarding to guide people through large financial decisions, as I know this can be a stressful process for many people unfamiliar with investment concepts.

I believe that I can use my expertise in asset management to help others invest their money wisely and beneficially. My ultimate goal is to make my clients happy, which would give me satisfaction in my job."

2. How important is forecasting when investing assets?

If you're interviewing for a position as an asset manager, you are likely applying to work at an investment bank or financial consulting firm. These workplaces and others similar to them place high value on financial forecasting techniques. Consider the following response when asked about forecasting:

Example: "I acknowledge the importance of financial forecasting to this position. I believe it's especially important to gather as much information as possible when investing client assets, as their financial outcomes are a direct reflection of my management abilities. This is why I spend a considerable amount of my work hours studying and analyzing various market trends and how they change. Every decision I make is always as well-informed and considered as possible."

3. What aspect of asset management appeals to you most?

This is a question an interviewer may ask to learn more about your personality and passion for asset management. Employers want to hire highly motivated individuals, and this question gives you an opportunity to express either personal or professional motivations for working in this field. Here is an example response to help you answer similar questions in an interview:

Example: "The part of asset management that truly speaks to me is the partnership between client and manager. While clients trust us to provide valuable advice for their investments, they also have the ability to share their own opinions and conduct their own research. I am able to steer the client in a direction that I believe is profitable while making sure that their input is a priority."

4. Have you ever encountered a situation where a client was skeptical of your investment plan? How did you address their concerns?

Employers may ask a question like this to assess your ability to manage conflict and provide satisfactory customer service. This is also a chance for the interviewer to further understand your workplace attitude. Here is a sample answer that may help you when faced with a similar question:

Example: "At my past job, I did have a situation where one of my longtime clients was unsure about going forward with an investment I had suggested. The client worked in the healthcare sector and the investment was in a new cosmetics company focused on creating skincare products for women over 50. Based on my research, I was confident that investing in this business would be both relevant and profitable for the client, as the cosmetics and medical industries have been known to overlap successfully.

To make the client more comfortable, I met with her in person several times and brought physical copies of all of my research. After thoroughly explaining my reasons for going forward with the investment, I made sure the client knew that the decision was ultimately hers, and that I would continue to support her as an asset manager regardless. Ultimately, she decided to trust my expertise and go through with the investment, which turned out to be very successful."

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