Portfolio managers will usually work for a money management firm or pension fund to select and manage investments which meet the goals of a group of investors. Many managers now work in specialized commodity funds or hedge funds. Portfolio managers have different styles ranging from a bargain-hunting approach (value investing) to a growth stock selection approach. This work requires patience, discipline and a strong understanding of financial markets and companies.
Portfolio Management Sales:
If you are outgoing and knowledgeable, then you might consider a sales position in portfolio management. This means that you will spend a lot of time putting together presentations for clients (working with the portfolio manager). Each presentation needs to be put together very well and calls for hours of work and strong knowledge of the firm. Firms often are looking for seasoned professionals in this position. People who command respect and trust when making recommendations about ways to invest large sums of money. Expect heavy travel and good pay.
There is a large industry of firms which provide investment advice, performance evaluation and quantitative analysis to the money management sector. This business consists of firms such as Wilshire Associates in Los Angeles, CA which provide customized reports to pension funds and the like. This work requires strong quantitative skills and deep appreciation of finance.