For a finance executive, it's all about the money. They oversee all of a company's financial transactions and information, from budgets to income flows to mergers. With their help, a company can improve its profit margin, cut expenses, and make dynamic market moves ahead of competitors.
The day-to-day tasks of a finance executive depend on the needs of the company. Some days, they spend most of their time overseeing the whole finance and accounting department. Other days, they may spend their time preparing a financial report analyzing the business's cash-flow, and making recommendations for improvement. They may meet with other executives to plan the next steps to bring in more profit for the company.
The road to becoming a finance executive is not easy. Qualified candidates usually have at least a bachelor's degree in business, if not a master's, and many years of work experience. The hard work does not stop once they get the corner office and fancy nameplate. Many finance executives work long hours to manage a company's accounts.
There is more than meets the eye when it comes to being a Finance Executive. For example, did you know that they make an average of $53.35 an hour? That's $110,977 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 Executives 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 Organizational skills, Communication skills and Detail oriented.
If you're interested in becoming a Finance Executive, one of the first things to consider is how much education you need. We've determined that 67.0% of Finance Executives have a bachelor's degree. In terms of higher education levels, we found that 21.8% of Finance Executives have master's degrees. Even though most Finance Executives have a college degree, it's impossible 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 Executive. When we researched the most common majors for a Finance Executive, we found that they most commonly earn Bachelor's Degree degrees or Master's Degree degrees. Other degrees that we often see on Finance Executive resumes include Associate Degree degrees or Diploma degrees.
You may find that experience in other jobs will help you become a Finance Executive. In fact, many Finance Executive jobs require experience in a role such as Chief Finance Officer. Meanwhile, many Finance Executives also have previous career experience in roles such as Account Executive or Finance Analyst.