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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 Finance Director
Top Careers After Finance Director
Hispanic or Latino9.7%
Black or African American1.1%
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University of Phoenix14.8%
New York University8.5%
University of Chicago6.1%
University of Texas at Austin5.1%
University of Southern California4.8%
George Washington University4.5%
Arizona State University4.5%
Michigan State University4.0%
University of Florida3.9%
Pennsylvania State University3.9%
Northern Illinois University3.5%
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|Job Title||Company||Location||Start Date||Salary|
|Strategic Finance Director||Jab Holding Company, LLC||Emeryville, CA||Dec 09, 2015||$390,000|
|Strategic Finance Director||Jab Holding Company, LLC||Emeryville, CA||Sep 12, 2015||$390,000|
|Finance Director, Asia||DLA Piper LLP (Us)||San Diego, CA||Aug 09, 2016||$303,000|
|Finance Director||Essar Steel Minnesota, LLC||Hibbing, MN||Jul 01, 2015||$300,000|
|Finance Director||Essar Steel Minnesota, LLC||Hibbing, MN||Jun 01, 2015||$300,000|
|Director, Leveraged Finance||Merrill Lynch||New York, NY||Jun 06, 2016||$290,000 -
|Vice President, Finance Director-Improve & Major Projects||Worleyparsons Group, Inc.||Houston, TX||Jun 30, 2016||$287,497|
|Director, Global Finance Advisory||Barclays Capital Inc.||New York, NY||Oct 05, 2016||$260,000|
|Partner-Global Finance Director||The Boston Consulting Group, Inc.||Boston, MA||Jan 19, 2015||$250,000 -
|Finance Director||Premier Worldwide Marketing, LLC||Miami, FL||Oct 01, 2015||$250,000|
|Finance Director, CFT||Microsoft Corporation||Redmond, WA||Oct 21, 2016||$242,400 -
|Finance Director, CFT||Microsoft Corporation||Redmond, WA||Aug 08, 2016||$242,400|
|Director, Leveraged Finance||UBS Securities LLC||New York, NY||Oct 08, 2016||$227,500 -
|US Director of Finance||The Mill Group, Inc.||New York, NY||May 05, 2016||$227,178|
|Director of Finance||Cuscowilla Management & Administrative Ser||Eatonton, GA||Apr 30, 2015||$152,402|
|Kinc Director, Financial Systems||Kaplan, Inc.||Day, NY||Nov 01, 2015||$151,944|
|Finance Director||GDF SUEZ Cameron LNG Holding II Corp||Houston, TX||Feb 23, 2015||$151,500|
|Finance Director, Municipal & Commercial Business Line||Veolia Water North America Operating Services, LLC||Boston, MA||Aug 12, 2015||$151,000|
|Finance Director||Jurlique Holistic Skin Care, Inc.||Santa Monica, CA||Jan 12, 2016||$150,800|
|Director of Financial Reporting||Evonik Corporation||Parsippany-Troy Hills, NJ||Aug 17, 2015||$150,316|
|Director, Financial Planning & Analysis||Flow International Corporation||Kent, WA||Jun 05, 2016||$150,000 -
|Director of Financial Planning & Analysis||Trustpilot, Inc.||New York, NY||Mar 09, 2016||$150,000 -
|Director, Finance||Flextronics International USA||Charlotte, NC||Sep 11, 2015||$118,658|
|Director, Finance||American Express Travel Related Services||New York, NY||Sep 06, 2016||$118,105|
|Finance Director||Boiron, Inc.||Newtown, PA||Jul 16, 2015||$117,936|
|Director of Finance||Smart Settlements LLC||Fairfax, VA||Sep 01, 2015||$117,853|
|Director of Finance||Smart Settlements LLC||Fairfax, VA||Feb 03, 2016||$117,853|
|Director of Finance||NSG Technology, Inc.||Houston, TX||Nov 21, 2016||$116,397|
|Director of Finance||Cuscowilla Management & Administrative Ser||Eatonton, GA||May 17, 2016||$116,126 -
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