SA managers struggling to retain young talent.
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South African asset managers are struggling to hold onto young professionals who are quick to jump at the next opportunity to advance their careers.
There is a lower retention rate of staff at the analyst level of fund-manager houses compared with senior positions, according to a survey by INN8 Invest, one of the country’s largest discretionary fund managers. Most asset-management firms prefer to groom analysts, many of whom come straight out of university, into portfolio managers.
The companies typically have more analysts than portfolio managers. Analysts tend to leave if it will help them advance to the next level, which goes to show why about 35% were likely to have left for better growth opportunities, according to INN8 Invest’s research.
There is a lower retention rate of staff at the analyst level of fund-manager houses compared with senior positions, according to a survey by INN8 Invest, one of the country’s largest discretionary fund managers. Most asset-management firms prefer to groom analysts, many of whom come straight out of university, into portfolio managers.
The companies typically have more analysts than portfolio managers. Analysts tend to leave if it will help them advance to the next level, which goes to show why about 35% were likely to have left for better growth opportunities, according to INN8 Invest’s research.
