Table 1Transition record

brokerage firm directortomutual fund broker

A brokerage firm director already meets 30% of what the mutual fund broker role asks for. The move turns on 12 required skills not yet in the profile.

From brokerage firm director

30%

Overlap1

To mutual fund broker

10 Skills carried over

12 Required, not held

66.7 Difficulty2

adjacent 0–30

moderate 30–55

substantial 55–75

career change 75–100

this move, 66.7

This move: 66.7 of 100 · substantial

1 Share of the mutual fund broker role’s weighted skill requirement already met by the brokerage firm director profile. Required skills count in full, supplementary skills at 0.35. Directional: the figure for the reverse move differs. 2 Combines what is missing with how specialised it is, so a gap of general skills scores easier than the same number of narrow ones.

Table 2

Table 2 · What you already bring

Of the 10 skills that carry over, these are the ones fewest other occupations ask for. A mutual fund broker role needs them, and most people applying for one will not have them already. This is the part of a brokerage firm director background worth leading with.

Skill the target role also needs Area

already held implement hedging strategies for clients communication, collaboration and creativity
already held asset management business, administration and law
already held liaise with shareholders communication, collaboration and creativity
already held trade securities communication, collaboration and creativity
already held perform stock valuation information skills
already held analyse economic trends information skills

All 10 carried skills, including the 5 the mutual fund broker role treats as required.

Table 3

Table 3 · What you would need to learn

The 22 missing skills fall into 5 areas of the ESCO skill hierarchy, numbered below in the order worth working in: the areas carrying the most required skills come first, and inside each one the required skills sit above the supplementary ones.

Skill to acquire Tier

01 business, administration and law 4 required, 2 supplementary

required, not held investment analysis required
required, not held financial products required
required, not held modern portfolio theory required
required, not held stock market required

optional, not held customer service optional
optional, not held financial jurisdiction optional

02 information skills 3 required, 2 supplementary

required, not held analyse market financial trends required
required, not held forecast economic trends required
required, not held monitor stock market required

optional, not held analyse financial risk optional
optional, not held provide cost benefit analysis reports optional

03 communication, collaboration and creativity 2 required, 4 supplementary

required, not held provide financial product information required
required, not held review investment portfolios required

optional, not held offer financial services optional
optional, not held apply technical communication skills optional
optional, not held build business relationships optional
optional, not held develop professional network optional

04 management skills 2 required, 2 supplementary

required, not held develop investment portfolio required
required, not held operate financial instruments required

optional, not held create a financial plan optional
optional, not held handle financial transactions optional

05 natural sciences, mathematics and statistics 1 required

required, not held actuarial science required

Table 4

Table 4 · Where to start

The 3 entries a mutual fund broker role is least likely to hire without. The ordering is computed from the skill data, not from what pays.

Each entry opens a course search for that skill. Career Overlap earns nothing from these links.

Appendix

Appendix · The rest of the record

All 10 skills that carry over

Skill Type

already held analyse economic trends skill
already held economics knowledge
already held financial markets knowledge
already held securities knowledge
already held trade securities skill
already held advise on financial matters skill
already held asset management knowledge
already held implement hedging strategies for clients skill
already held liaise with shareholders skill
already held perform stock valuation skill

10 supplementary skills, helpful but not required

Skill to acquire Tier

optional, not held customer service optional
optional, not held offer financial services optional
optional, not held analyse financial risk optional
optional, not held apply technical communication skills optional
optional, not held build business relationships optional
optional, not held create a financial plan optional
optional, not held develop professional network optional
optional, not held financial jurisdiction optional
optional, not held handle financial transactions optional
optional, not held provide cost benefit analysis reports optional

17 held skills the mutual fund broker role does not ask for

Skill Type

not needed by the target role advice on security risk management skill
not needed by the target role advise on social security benefits skill
not needed by the target role assess risks of clients' assets skill
not needed by the target role banking activities knowledge
not needed by the target role explain financial jargon skill
not needed by the target role financial analysis knowledge
not needed by the target role financial engineering knowledge
not needed by the target role interpret business information skill
not needed by the target role manage a team skill
not needed by the target role manage clients' money matters skill
not needed by the target role manage securities skill
not needed by the target role manage securities trading skill
not needed by the target role negotiate on asset value skill
not needed by the target role risk transfer knowledge
not needed by the target role security of assets legislation knowledge
not needed by the target role strategic planning knowledge
not needed by the target role trading law knowledge

7 gaps that are knowledge rather than practice

Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.

Skill to acquire Tier

required, not held actuarial science required
required, not held investment analysis required
required, not held financial products required
required, not held modern portfolio theory required
required, not held stock market required
optional, not held customer service optional
optional, not held financial jurisdiction optional

Index

Other moves recorded from brokerage firm director

Full index of moves from brokerage firm director

Note

How this record was compiled

Both occupations are taken from ESCO, which lists the skills and knowledge each occupation is expected to have and marks every one required or optional. Nothing here is a prediction about hiring, and nothing here knows that a particular employer wants a particular certificate. Treat Table 3 as a starting point for your own research rather than a syllabus. The full method states what these figures can and cannot tell you.