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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.
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.
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.
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.
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.
|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|
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