Source Name: CFA Institute
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India is Expected to be the Fastest-growing Market for Investment Professionals Over the Next Decade, says CFA Institute ReportCFA Institute ‘Investment Professional of the Future’ report identifies skills needed for career success in the face of disruption |
Mumbai, Maharashtra, India India has the potential to become the world’s future investment hub and is expected to be the fastest-growing market for investment professionals over the next decade, says Investment Professional of the Future, a new CFA Institute report.
The report explores how investment industry roles, skills, and organisational cultures are evolving in the face of disruption. The report is the third installment in a series that examines the future of the investment industry, and the implications for firms and for those working in the industry.
As the investment industry undergoes accelerating change, the investment professional of the future must adapt and embrace new challenges and opportunities for career success. The Investment Professional of the Future report considers how investment industry roles, skills, and careers (the employee’s lens) and the organisational context and culture (the employer’s lens) are shaping the attributes of the investment professional of the future.
“Expectations are for a 1.5% compound annual growth rate (CAGR) in head count over the next 10 years for “core investment professionals", defined as those working in investment industry roles involved with making investment decisions and understanding client needs. India is expected to have the highest growth rate - 2.9% CAGR. India - because of the increasing demand for financial services, its strong economic growth, and its number of capable engineers - could become the world’s investment hub,” said Vidhu Shekhar, CFA, CIPM, Country Head India, CFA Institute.
India has the potential to become the world’s future investment hub India is expected to be the fastest-growing market for investment professionals in the next decade. In addition to benefiting from the country’s strong economic growth and the population’s increasing demand for financial services, India enjoys strong tail winds in the form of favorable globalisation and technology trends.
India’s education system - most notably, the Indian Institutes of Technology (IIT), with campuses across the country - has produced a steady stream of capable engineers. As employers ride the wave of globalisation, the India operations at many major international investment fund managers have grown to account for 10%-20% of these managers’ global workforce today, compared with almost zero a decade ago. The positions that multinational investment firms fill in India have been extended to include more investment roles, in addition to IT and operational roles.
Key findings of the report
The key components of adaptability are one’s diversity of pathway (i.e., varied experiences to draw upon) and one’s openness to learning going forward. To help investment professionals think about their career adaptability, CFA Institute has created a new online assessment tool. This short questionnaire allows them to see where they stand relative to other CFA Institute members and candidates globally.
Methodology Inputs to the report included a global survey of 3,832 CFA Institute members and candidates regarding their career paths, career management, and expectations of the industry and their employers, as well as a survey of 133 industry leaders on trends regarding the world of work in investment management. In addition, qualitative input was gathered from more than 100 participants in industry roundtables and individual interviews, including investment professionals, human resources and learning and development professionals, university program faculty, and executive recruiters. The series of research also includes Future State of the Investment Profession and Investment Firm of the Future.
Microsite URL: futureprofessional.cfainstitute.org.
About CFA Institute CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organisation is a champion of ethical behavior in investment markets and a respected source of knowledge in the global financial community. Our aim is to create an environment where investors’ interests come first, markets function at their best, and economies grow. There are more than 1,65,000 CFA® charterholders worldwide in 164 markets. CFA Institute has nine offices worldwide and there are 156 local member societies.
For more information, please visit www.cfainstitute.org or follow us on Twitter at @CFAInstitute and on Facebook.com/CFAInstitute. |