Mutual Fund Associate

Last Updated:
September 19, 2023

Job Description Overview

Looking for a Mutual Fund Associate job description? Let's break it down. As a Mutual Fund Associate, your key responsibility is to help manage a mutual fund's day-to-day operations. You'll work closely with portfolio managers to ensure that the fund is meeting its investment goals and objectives, and you'll provide administrative support as needed. Your job may include researching investment options, analyzing fund performance data, assisting with fund trading activities, and preparing reports for clients.

To succeed in this role, you'll need to have strong analytical skills, attention to detail, and the ability to work collaboratively with other members of the team. Additionally, you'll need to be knowledgeable about the financial markets and have a good understanding of securities regulations. A bachelor's degree in finance or a related field is typically required, as well as relevant certifications like the Series 7 and 63 licenses.

So if you're looking for a dynamic and challenging career in finance, a Mutual Fund Associate job might be right for you!

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Job Duties and Responsibilities

  • Assist in the operation and management of mutual funds
  • Process customer transactions and maintain records 
  • Collaborate with investment managers to execute trades and manage portfolios 
  • Review financial reports and assess fund performance 
  • Respond to queries and provide support to financial advisors 
  • Monitor market trends and recommend investment strategies 
  • Participate in fund presentations and sales meetings 
  • Develop expertise in mutual fund regulations and compliance guidelines 
  • Continuously evaluate internal processes and propose improvements 
  • Support other departments as needed.

Experience and Education Requirements

If you're looking to start a career as a Mutual Fund Associate in the Finance industry, you'll need to have a combination of education and experience. Typically, a Bachelor's degree in finance or a related field is required. But if you don't have a degree, you may still be considered if you have relevant work experience in the financial services industry. 

To stand out among other applicants, you should have skills and knowledge in financial analysis, accounting, and financial modeling. Training in interpersonal communication is also important, as the role requires strong communication skills to effectively communicate with clients and stakeholders. You'll also need to be familiar with investment products and research tools used in the industry. As you gain experience, you may have opportunities to advance to higher positions in finance.

Salary Range

A Mutual Fund Associate is a finance professional responsible for researching and analyzing portfolios of mutual funds. If you're wondering about the salary range for this position in the United States, it varies depending on experience but typically ranges from $50,000 to $90,000 per year. As of 2021, the average Mutual Fund Associate salary in the United States is around $71,000 per year. Some factors that can affect the salary range include education level, certification, and the location and size of the company. 

In Canada, the salary range for a Mutual Fund Associate is similar to that of the US, with an average salary of CAD 51,000 to CAD 77,000 per year. In the UK, the average salary for this position is around £30,000 to £45,000 per year. 

Overall, the salary range for a Mutual Fund Associate is competitive and can offer room for growth within the finance industry. 


  1. PayScale - "Mutual Fund Associate Salary" 
  2. Glassdoor - "Mutual Fund Associate Salaries" 
  3. Indeed - "Mutual Fund Associate Salary"

Career Outlook

As per the U.S. Bureau of Labor Statistics, the employment of mutual fund workers will grow by 6% from 2019 to 2029, which is approximately as fast as the average for all occupations. It means that the outlook for Mutual Fund Associate positions might remain steady over the next five years. Though, the financial industry is continuously changing, and automation or advancements in artificial intelligence and machine learning are expected to be embraced for automating several investment-related tasks. But, human expertise and relationships would still be significant in the financial industry. Therefore, candidates who possess advanced degrees, specialized knowledge or designations, and updated technical knowledge would have better career opportunities.

Frequently Asked Questions (FAQ)

Q: What is a Mutual Fund Associate?

A: A Mutual Fund Associate is a professional who works in the finance industry and is responsible for the management and administration of mutual funds.

Q: What are the primary responsibilities of a Mutual Fund Associate?

A: The primary responsibilities of a Mutual Fund Associate involve researching and analyzing investment opportunities, making recommendations to fund managers, maintaining relationships with clients, and keeping detailed records of all transactions.

Q: What skills are important for a Mutual Fund Associate?

A: Strong analytical skills, attention to detail, effective communication skills, and the ability to work in a fast-paced environment are all important skills for a Mutual Fund Associate.

Q: What education and experience are necessary to become a Mutual Fund Associate?

A: Most employers require a bachelor's degree in finance, accounting, business, or a related field. Relevant experience in accounting, finance, or investment analysis is also preferred.

Q: What is the outlook for Mutual Fund Associate jobs?

A: The job outlook for Mutual Fund Associates is positive, with strong growth expected in the finance industry overall. The position is expected to continue to be in demand due to the ongoing growth of mutual funds and other investment vehicles.

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