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Earnings. The average head of investor relations (IR) earned a median annual salary of $240,530 in 2020, ing to Salary.com. Compensation ranged from $184,554 to $314,713 or more. Most heads of investor relations receive a significant yearly bonus on top of their base salary, ing to IR Magazine.
Courses in financial strategy, economics and accounting can help you prepare for a career as an investor. Some financial professionals also pursue a Master of Business Administration (MBA) to gain more knowledge and distinguish themselves as qualified candidates who are prepared to manage funds for an institution.
The investor relations (IR) department is a division of a business, usually a public company, whose job it is to provide investors with an accurate account of company affairs. This helps private and institutional investors make informed decisions on whether to invest in the company.
How do you manage investor relations and communication? Understand your audience. Establish clear and realistic goals. Provide regular and transparent updates. Build trust and rapport. Manage expectations and conflicts. Seek continuous improvement. Here's what else to consider.
On the other hand, it's still a career where you could earn into the mid-six-figures while working 40-50 hours per week. So, if you're a banker or research professional who likes communicating more than crunching numbers, and you want a better lifestyle, investor relations might be your ideal exit opportunity.
Investor relations specialists need a minimum of a bachelor's degree in finance, accounting, business, marketing, public relations, or a related field. Many IR professionals have a master's degree in one of these aforementioned majors.
Qualifications and Experience for Investor Relations IR roles usually require a bachelor's degree in finance, accounting, communications, economics, or related fields. A master's degree (such as an MBA) is not necessary but is usually considered an asset. There are relatively few entry-level positions in IR.
What steps should you take to build a business' IR function from scratch? Learn Your Company's Story. ... Assess Available Resources. ... Create a Comprehensive Investor Relations Plan. ... Centralize Your IR Data and Contacts.