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Financial managers typically have a bachelor’s degree and 5 years or more of experience in another business or financial occupation, such as an accountant, securities sales agent, or financial analyst.Education
A bachelor's degree in finance, accounting, economics, or business administration is often the minimum education needed for financial managers. However, many employers now seek candidates with a master’s degree, preferably in business administration, finance, or economics. These academic programs help students develop analytical skills and learn financial analysis methods and software.Licenses, Certifications, and Registrations
Professional certification is not required, but some financial managers still get it to demonstrate a level of competence. The CFA Institute confers the Chartered Financial Analyst (CFA) certification to investment professionals who have at least a bachelor’s degree, 4 years of work experience, and pass three exams. The Association for Financial Professionals confers the Certified Treasury Professional credential to those who pass an exam and have a minimum of 2 years of relevant experience.Work Experience in a Related Occupation
Financial managers usually have experience in another business or financial occupation. For example, they may have worked as a loan officer, accountant, securities sales agent, or financial analyst.
In some cases, companies provide formal management training programs to help prepare highly motivated and skilled financial workers to become financial managers.Important Qualities
Analytical skills. Financial managers increasingly are assisting executives in making decisions that affect their organization, a task which requires analytical ability.
Communication skills. Excellent communication skills are essential because financial managers must explain and justify complex financial transactions.
Detail oriented. In preparing and analyzing reports such as balance sheets and income statements, financial managers must be precise and attentive to their work in order to avoid errors.
Math skills. Financial managers must be skilled in math, including algebra. An understanding of international finance and complex financial documents also is important.
Organizational skills. Financial managers deal with a range of information and documents and so they must stay organized to do their jobs effectively.
Average Length of Employment
Top Careers Before Accounting Director
Top Careers After Accounting Director
Hispanic or Latino9.5%
Black or African American1.0%
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University of Phoenix21.0%
Golden Gate University-San Francisco4.6%
Pace University - New York4.6%
University of South Florida4.1%
University of North Texas4.1%
University of Texas at Austin4.1%
Stephen F Austin State University4.1%
Cleveland State University4.1%
Florida Atlantic University4.1%
Seton Hall University4.1%
University of Illinois at Chicago3.7%
Michigan State University3.7%
University of Maryland - University College3.7%
Ohio State University3.7%
University of Central Oklahoma3.7%
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|Job Title||Company||Location||Start Date||Salary|
|Director of Accounting Systems & Projects||Fried Frank Harris Shriver & Jacobson LLP||New York, NY||Nov 07, 2016||$260,000|
|Director of Accounting Systems and Projects||Fried Frank Harris Shriver & Jacobson LLP||New York, NY||Jun 20, 2016||$260,000|
|Director of Accounting Systems & Projects||Fried, Frank, Harris, Shriver & Jacobson LLP||New York, NY||Sep 28, 2016||$260,000|
|Director of Fund Accounting||Solarcity||San Mateo, CA||Nov 30, 2016||$229,216|
|Director of Accounting Systems & Projects||Fried, Frank, Harris, Shriver & Jacobson LLP||New York, NY||Oct 01, 2014||$225,000 -
|Director of Accounting Systems & Projects||Fried, Frank, Harris, Shriver & Jacobson LLP||New York, NY||Dec 20, 2012||$225,000 -
|Director, General Partnership Accounting||Founders Fund LLC||San Francisco, CA||Sep 17, 2014||$225,000|
|Director of General Partnership Accounting||Founders Fund, LLC||San Francisco, CA||Mar 02, 2016||$225,000|
|Director of Technical Accounting||Sunedison, Inc.||San Francisco, CA||Oct 24, 2015||$217,568|
|Director of Technical Accounting||Sunedison Inc.||San Francisco, CA||Feb 11, 2015||$205,500|
|Director, Accounting||Facebook, Inc.||Palo Alto, CA||Apr 08, 2011||$200,000|
|Director-Accounting||KMGP Services Company, Inc.||Houston, TX||Sep 19, 2012||$192,500|
|Director, Head of Fund Accounting||Hedgemark Advisors LLC||New York, NY||Oct 01, 2012||$180,000|
|Director, Gaap and Regulatory Accounting||Wilary Winn LLC||Saint Paul, MN||Sep 11, 2015||$150,717|
|Director, Tax Accounting||E*Trade Financial Corporation||Arlington, VA||Sep 08, 2016||$150,000 -
|Director International Accounting||WPX Energy Services Company, LLC||Tulsa, OK||Oct 01, 2012||$150,000|
|Director, International Accounting||Key Energy Services LLC||Houston, TX||Sep 05, 2013||$145,000|
|Director, Accounting||Premier Nutrition Corporation||Emeryville, CA||Feb 05, 2015||$142,875 -
|Director, Accounting||Premier Nutrition Corporation||Emeryville, CA||Jan 01, 2015||$142,875 -
|Director of Accounting||Ringcentral, Inc.||Belmont, CA||May 22, 2016||$142,000|
|Director of Accounting (Royalties)||Warner Music Group, Inc.||Burbank, CA||Jun 24, 2013||$103,455|
|Director of Accounting||Essex Property Trust, Inc.||San Mateo, CA||Jun 20, 2016||$103,106 -
|International Marketing and Accounting Director||Johnson-Pacific Enterprises, Inc.||Urban Honolulu, HI||Jan 04, 2016||$102,128|
|International Marketing and Accounting Director||Johnson-Pacific Enterprises, Inc.||Urban Honolulu, HI||Oct 01, 2014||$101,442|
|Senior Accounting (INT Title Director of Accounting)||Thorek Hospital||Chicago, IL||Jun 15, 2015||$100,000|
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