It is no big secret that the exchange traded fund universe is expanding, and as the industry grows, ETF providers will be hunting for the right people to help nurture this blossoming business.
On the Thomson Reuter’s Lipper quarterly performance report for mutual funds, U.S.-listed ETFs and ETNs are among the top 50 slots, growing in popularity and size as investors recognize the investment tools’ efficiency and performance, according to eFinancialCareers.
According to Morningstar data, ETFs now account for 35% to 40% of all exchange trading volumes. During August, as U.S. equities and bonds lost $34 billion in assets, ETFs tacked on $1 billion in inflows, which pushed total assets under ETFs to $1.06 trillion, globally.
With the ETF industry growing as fast it is, there is an urgent need for ETF providers to hire the necessary hands to keep up. Providers are needed to educate both retail and institutional investors on building a global, multi-asset portfolio.
Additionally, other areas will need to be filled. For instance, Charles Schwab is hiring ETF product developers, BlackRock‘s iShares division is open for marketing and research positions, Vanguard is also looking for marketers, the FlexShares provider, Northern Trust, is hiring business development executives and State Street Global Advisors wants a global head of ETF strategy.
Furthermore, Citigroup, Societe General and Invesco Powershares are also hunting for ETF specialists.
While the newly consolidated Guggenheim Investments does not post job listings on its website, the company does encourage resumes with cover letters. Direxion is also “always interested in meeting with qualified candidates who are passionate about what they do.”
A whole other area looking for talent is third party liquidity providers, such as Knight. They need experienced traders and analysts to help them with their ETF trading strategies.
If you’re looking for a job in the ETF industry, go to our Job Board.
If you’re looking for the right person to fill an open position, get information here.
We started the ETF Trends Job Board to help match these growing companies with the right people. We hope it will become the go-to place for ETF industry jobs – where employers can go to find the best candidate for the position and where job seekers can go to find their ETF industry dream job.