Have you ever been involved in managing the budget for a family trip? Well, you can think of a finance director as assuming that role, except on a larger scale. Instead of a family trip, they are tasked with overseeing the financial operations of a company.
Daily, a finance director is tasked with developing financial plans, preparing financial forecasts, assessing budgets of departments, and developing accounting policies. Besides that, they facilitate tax and audit activities, as well as assisting in developing a training program for accounting staff.
A finance director is required to have a bachelor's degree that is business-related, as well as at least 4-5 years of experience in a senior finance executive role. This role earns, on average, $60 per hour and offers flexibility to work in any industry they are interested in.
There is more than meets the eye when it comes to being a finance director. For example, did you know that they make an average of $60.48 an hour? That's $125,802 a year!
Between 2018 and 2028, the career is expected to grow 16% and produce 104,700 job opportunities across the U.S.
There are certain skills that many finance directors have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, detail oriented and math skills.
When it comes to the most important skills required to be a finance director, we found that a lot of resumes listed 14.6% of finance directors included financial statements, while 6.1% of resumes included cpa, and 5.8% of resumes included internal audit. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the finance director job title. But what industry to start with? Most finance directors actually find jobs in the manufacturing and technology industries.
If you're interested in becoming a finance director, one of the first things to consider is how much education you need. We've determined that 47.7% of finance directors have a bachelor's degree. In terms of higher education levels, we found that 39.5% of finance directors have master's degrees. Even though most finance directors have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a finance director. When we researched the most common majors for a finance director, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on finance director resumes include associate degree degrees or high school diploma degrees.
You may find that experience in other jobs will help you become a finance director. In fact, many finance director jobs require experience in a role such as controller. Meanwhile, many finance directors also have previous career experience in roles such as finance manager or senior finance analyst.