How to Answer the 'Why Asset Management?' Interview Question
By Indeed Editorial Team
Published 7 May 2022
The Indeed Editorial Team comprises a diverse and talented team of writers, researchers and subject matter experts equipped with Indeed's data and insights to deliver useful tips to help guide your career journey.
It's common for an interviewer to ask you why you chose a particular career path during a job interview. The hiring team may use this question to understand your motivation and the skills you can provide. Preparing an answer to the question 'Why asset management?' can increase your chances of passing the interview. In this article, we explain why employers may ask this question, discuss how to answer it and provide sample answers.
Why do hiring teams ask the 'Why asset management?' interview question?
Employers may ask this interview question to gauge your suitability for the position. The question requires you to explain why you pursued the asset management career path. Your response can help the interviewer learn more about your inspiration, skills and experience. You may use this opportunity to show the interviewer how seriously you take your work by demonstrating that you've thoroughly researched the company and the position. The hiring team can also look at your answer to identify your career goals and assess if you're valuable to the company.
How to answer the 'Why asset management?' interview question
Below are a few steps that can help you in answering this question effectively:
1. Research the company and the role beforehand
The hiring team may want to know if you understand how the company operates, the position and the responsibilities that come with it. Researching these details can show you have a keen interest in the position. It may also indicate that you take your job seriously and can make an effort to understand and complete your tasks. Pay close attention to the duties specific to the asset management position as outlined in the job description. You may also learn more about the role from the organisation's website.
Review the company's online platforms and learn more about their clients, values and office culture. The employer may want to know how hiring you can help their staff work better. For example, you may identify that the organisation has a pattern of investing in underperforming companies and converting them into profitable enterprises. Such a company may want asset managers who are keen on details and capable of performing such a task.
2. Understand your motivation
Take some time and honestly analyse why you chose to venture into asset management. You can create a list detailing why you want to pursue this career path. The list can include personal interests and work experiences that informed your decision. You may also consider academic experiences and previous interactions with other asset managers. Use these details to create an interesting reason to convince the hiring team that you're a suitable candidate.
3. Identify relevant skills
You can answer the 'Why asset management' interview question by highlighting your skills and explaining how they're relevant to the position. Begin by listing your skills and selecting those that make you a good asset manager. For instance, you may say that you're an excellent communicator and that you pay close attention to detail, both of which are qualities that a great asset manager has. Your answer can also include lessons learnt from previous work experiences. Elaborate on how previous projects gave you insights or helped you discover your career objectives, leading to the decision to pursue asset management.
It may be helpful to relate whatever skill you mention to the position and why it makes you the right candidate for the job. For example, you may say that you're a detailed person who double-checks their paperwork, which might be a crucial quality for asset managers to have.
4. Practise how to answer the question
Practising how to answer this interview question may help you build your confidence and format your response. You could rehearse in front of a mirror or ask a friend to help you conduct a mock interview by acting as the hiring manager. Try to be as precise and direct in your response as possible, while also ensuring that the employer understands your motivation for pursuing the career path. You can repeat the process until you feel that you've gotten it right and are confident enough for the real interview.
The other option is writing a script and memorising it. If you opt for this method, it may help to reread your answer several times so that you don't forget any details. You may also prepare a summary of the script to help you remember the main points during the interview.
5. Ask questions when necessary
Asking for clarifications whenever you're unsure during an interview can help you answer better. Sometimes, the hiring team may even interpret this as a keen interest in the position. While the employer may expect you to research the company and its duties, you can ask for elaboration or more details. For instance, you may explain why you work as an asset manager and then enquire if you'll handle specific tasks that match your interests. Asking such questions may ease the pressure for both you and the interviewer while encouraging friendly conversation, making the interview more enjoyable.
Sample answers to the 'Why asset management' interview question
Here are some examples of answers to the 'Why asset management' interview question:
Acts as a motivation to work harder
Here's a sample answer you can use to indicate that the job motivates you to work harder:
'I pursued a career in asset management because it's one of the few jobs that allow you to monitor and enjoy the results of your hard work in real time. I appreciate that for this position, the harder you work, the better the outcome you're likely to derive. I also find it fulfilling to monitor and record the impacts of my investment decisions in real time through my customer's results. The thrill that comes with helping my clients register positive earnings keeps me motivated.'
Allows you to help others
Here's an example to illustrate how working as an asset manager allows you to offer help:
'One main reason for working as an asset manager is that the job allows me to assist customers when they need it most. I've always been passionate about helping others and solving problems. Friends and family members identified my communication skills early enough and have constantly reminded me of how I'm a good listener. These traits enable me to understand my customer's concerns and identify with their needs, making me a great asset manager.'
My communication skills also help me initiate and maintain healthy relationships with clients, a crucial part of asset management. They also enable me to communicate complex market concepts in simple terms to customers who may not have a financial background.'
Gives you an opportunity to manage other people's assets
The following example answer can show how the job allows you to manage other people's wealth:
'I enjoy the responsibility of managing other people's wealth. It's thrilling to start a relationship with a new client, understand their aspirations, earn their trust and help them make profitable financial decisions. I enjoy the challenge of continually proving myself to customers and convincing them to invest in specific properties. There aren't many jobs with the same challenges, risks and rewards as asset management.'
Increases your chances of learning new concepts
Here's an example you can use to show the interviewer how this job offers you new learning opportunities:
'Asset management is one of the most dynamic careers. As someone who enjoys learning and applying new concepts, I find this intriguing, making it the position perfect for me. I believe that learning is a lifelong endeavour, and this career allows me to continually learn new strategies and skills. I make an effort to stay updated on emerging market trends and research new methods of providing value to clients.'
Allows you to be part of the organisation's team
Here's an example you can use to show the Interviewer that you have a desire to work with the organisation's team:
'I've been monitoring your company since I decided that I wanted to pursue a finance-related career. It has always intrigued me how whenever someone mentions the organisation's name, it's always in relation to helping others achieve their financial goals. I enjoy helping others, and I want to be part of an organisation that does that frequently. I'm an excellent communicator and project manager, and I make an effort to be a team player. Asset management requires someone who can listen to both clients and their team members, and that's what I excel at doing.'
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