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Poll: Investment managers remain optimistic that international business wil
Updated: Tuesday, October 13th, 2009
Investment managers are much more confident in their business careers than they were at this time last year, new research has found.
A survey from the Northern Trust Global Advisors indicates that investment managers expect corporate and global business to grow over the next year, despite the unstable recovery.
The company polled more than 60 investment managers and found that 83 percent of them anticipate an increase in corporate earnings. The study also showed that 84 percent of respondents expect global growth over the next six months.
While these figures suggest a significant increase in confidence among investment managers since last year's poll, the majority of participants still expressed concern that banks will not raise interest rates for fear that such actions will stifle economic recovery.
"Though growth and inflation generally arrive hand-in-hand," respondents reported that "excess production capacity…would counteract any near-term inflationary pressures," said Chris Vella, global director of research for NTGA.
Associate, bachelor and masters programs in accounting, finance and financial management are the door to careers in this stable and growing industry. Median annual earnings of managers in May 2006 were $85,230, according to the Bureau of Labor Statistics.
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