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Wealth Manager - Career Guide

Wealth managers help individuals and families grow, protect, and transfer their assets by offering tailored financial advice and long-term investment strategies. As financial markets become more complex and clients seek personalized solutions, the demand for professionals who can manage portfolios, plan for the future, and build lasting client relationships continues to rise. Here’s what the role involves and how to prepare for it.

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The key points

  • Entry requirements Post-secondary education in Finance, Taxation, and Legal Study
  • Average salary Average starting annual salary (between €25,000 and €35,000 gross per year)
  • Miniature horloge Duties Establish a wealth management strategy - Advise on relevant financial products - Negotiate contracts with the organizations involved
  • Miniature discussion Skills Financial analysis - Investment knowledge - Tax skills - Interpersonal skills - Time management and planning
  • Miniature sacoche Career progression Financial analyst - Wealth management director - Director of a specialised firm
  • Pictogramme campus ISC Paris courses Bachelor Banking and Finance - Master Legal Tax and Expertise - MSc Finance and Risk Management

What does a Wealth Manager do?

Wealth managers are responsible for advising clients on how to grow, manage, and preserve their financial assets. Their work often involves designing personalized investment strategies, recommending real estate opportunities, selecting savings products, and managing diversified portfolios. They ensure that every decision aligns with the client’s financial goals, risk tolerance, and long-term objectives.

In practice, wealth managers conduct financial assessments, identify opportunities for growth, optimise tax efficiency, and stay up to date with legal and economic developments. They combine deep market knowledge with financial expertise to offer tailored solutions and guide clients through complex financial landscapes.

The role of wealth manager may be known by several titles:

  • Wealth manager
  • Private banker
  • Financial advisor
  • Investment consultant
  • Asset management advisor
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What does the job of Wealth Manager involve?

The main tasks of a Wealth Manager

1. Rigour: Wealth managers are rigorous professionals who leave nothing to chance. They take into account all the data at their disposal to ensure that every financial decision is based on solid prior analysis.

2.  Interpersonal skills: These management experts are excellent listeners who strive to understand their clients’ needs. They communicate easily with others, whether to strengthen their relationships with clients or for commercial purposes.

3. Curiosity: Wealth managers are naturally curious. They pay close attention to market developments and are constantly on the lookout for new opportunities. Their curiosity is combined with dynamism and responsiveness, which they put at the service of the individuals they support.

Trainings proposed by ISC Paris

STUDY AT ISC PARIS…
with a Bachelor in Banking and Finance
STUDY AT ISC PARIS…
with the Master Legal Tax and Expertise
STUDY AT ISC PARIS…
with MSc Finance and Risk Management

What skills do you need to be a Wealth Manager?

  • Knowledge and mastery of all aspects related to taxation and current legal regulations.
  • Affinity with figures, statistics and data.
  • In-depth knowledge of existing financial solutions (shares, UCITS, SICAVs, etc.) and how stock markets work.
  • Expertise in available insurance products.
  • Knowledge and skills in property management.
  • Proficiency in financial analysis and risk management tools.
  • Knowledge of wealth transfer techniques and related legal aspects (gifts, wills, etc.).
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What are the career opportunities for a wealth manager ?

Throughout their career, wealth managers take on clients with increasingly substantial assets. With experience, these wealth experts can pursue a wide range of career paths. Here are a few examples:

HOW MUCH DOES AN ASSET MANAGER EARN
What is the salary of a junior asset manager ?
A junior asset manager in France typically earns between €25,000 and €35,000 gross per year, which is around €2,000 to €3,000 gross per month. This remuneration usually consists of a fixed base salary combined with a variable component such as annual bonuses, commissions, or performance-based premiums.
However, salaries can vary significantly depending on several factors. The size of the company plays an important role, with larger institutions generally offering higher packages. The sector of activity is another decisive factor, as investment firms tend to pay more than traditional banks. Location also has a considerable impact: salaries in the Paris region are on average 10% to 12% higher than elsewhere in France.
Qualifications and certifications can also influence a junior asset manager’s earning potential. Many professionals choose to continue training throughout their careers to improve their expertise and accelerate career progression.
HOW MUCH DOES AN ASSET MANAGER EARN
What is the salary of a senior asset manager ?
An experienced asset manager in France can earn between €70,000 and €100,000 gross per year, depending on the company, the size of the portfolio managed, and the level of responsibility. On average, a professional with 4 to 6 years of experience earns between €50,000 and €65,000, with an additional bonus of around €10,000. Those with 7 to 9 years of experience typically earn between €52,000 and €73,000, plus a bonus of approximately €11,000. For those with more than 10 years in the field, the average salary is around €80,000, with performance-related bonuses that can reach up to €21,000.

Senior asset managers often receive additional benefits that enhance the overall package, such as performance-based incentives, 12th and 13th-month salaries, and comprehensive company health insurance. These advantages make senior positions particularly attractive, especially in leading investment firms and asset management companies.