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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 Corporate Controller
Top Careers After Corporate Controller
Hispanic or Latino8.4%
Black or African American1.1%
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University of Phoenix13.2%
Northern Illinois University7.2%
San Jose State University5.1%
Pace University - New York4.9%
University of Southern California4.7%
Georgia State University4.3%
University of Houston4.3%
University of Utah4.0%
Southern New Hampshire University4.0%
Santa Clara University4.0%
Fairleigh Dickinson University3.8%
Pennsylvania State University3.8%
University of Notre Dame3.8%
Illinois State University3.4%
Arizona State University3.4%
San Diego State University3.4%
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|Job Title||Company||Location||Start Date||Salary|
|Corporate Controller||Apple Inc.||Cupertino, CA||Jan 10, 2013||$550,000|
|Vice President and Corporate Controller||Weatherford International LLC||Houston, TX||Feb 17, 2015||$420,000 -
|VP, Corporate Controller||Marketo, Inc.||San Mateo, CA||Jan 08, 2016||$250,000|
|Vice President, Corporate Controller||Marketo, Inc.||San Mateo, CA||Jan 08, 2016||$225,000|
|Corporate Controller (Senior Director)||Couchbase, Inc.||Mountain View, CA||Aug 09, 2016||$209,435 -
|Corporate Controller||Aegis Media Americas, Inc.||New York, NY||Mar 01, 2014||$200,000|
|Corporate Controller||IXYS Corporation||Milpitas, CA||Aug 05, 2013||$190,000|
|Corporate Controller||Quantenna Communications, Inc.||Fremont, CA||Oct 19, 2015||$182,853 -
|VP, Corporate Controller||Siemens Industry, Inc.||Alpharetta, GA||Sep 24, 2013||$176,000|
|Corporate Controller||Aegis Media Americas, Inc.||New York, NY||May 29, 2012||$175,000|
|Corporate Controller||Skyworks Solutions, Inc.||Woburn, MA||Mar 28, 2011||$170,363|
|Corporate Controller||DCG Systems, Inc.||Fremont, CA||Sep 28, 2015||$168,000|
|VP, Corporate Controller||Fujitsu America, Inc.||Sunnyvale, CA||Apr 11, 2016||$166,379|
|Corporate Controller-Containment Service Line||Select Energy Services LLC||Houston, TX||Oct 02, 2012||$150,000|
|Corporate Controller||Timec Company, Inc.||Carson, CA||Oct 01, 2010||$150,000 -
|Corporate Controller||J&Amp;S Audio Visual Communications Inc.||Irving, TX||Sep 24, 2014||$149,344|
|Corporate Controller||J & S Audio Visual Communications, Inc.||Irving, TX||Dec 08, 2014||$149,344|
|Corporate Controller||DCG Systems, Inc.||Fremont, CA||Sep 28, 2012||$141,625|
|International Corporate Controller||Olympus NDT Ne||Waltham, MA||Aug 26, 2012||$141,000|
|Corporate Operations Controller||B. Braun Medical Inc.||Allentown, PA||May 25, 2012||$124,161|
|Corporate Controller||Trion Worlds, Inc.||Redwood City, CA||Feb 01, 2012||$121,638 -
|Corporate Controller||Haselwood Buick Pontiac Co.||Bremerton, WA||Nov 06, 2007||$120,000 -
|Corporate Controller||Summer Pool Services Inc.||Port Saint Lucie, FL||Oct 06, 2016||$117,354|
|Corporate Controller||CTP Transportation Products, LLC||Franklin, TN||Jan 20, 2014||$113,304 -
|Corporate Controller||Triumph Hospitality Group||New York, NY||Oct 01, 2010||$110,323|
|Corporate Controller||Prince Resorts Hawaii, Inc.||Urban Honolulu, HI||Sep 08, 2010||$110,000|
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