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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 Leader
Top Careers After Finance Leader
Hispanic or Latino10.1%
Black or African American1.3%
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University of Phoenix14.8%
New York University8.2%
George Mason University6.6%
Pennsylvania State University4.9%
University of Notre Dame4.9%
George Washington University4.1%
University of Southern California4.1%
University of Texas at Austin4.1%
University of Michigan - Ann Arbor4.1%
University of Iowa4.1%
University of North Carolina at Wilmington4.1%
Arizona State University3.3%
University of Central Oklahoma3.3%
University of Texas at Dallas3.3%
Southern Methodist University3.3%
University of Houston3.3%
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|Job Title||Company||Location||Start Date||Salary|
|Finance Leader||Chegg, Inc.||Santa Clara, CA||Dec 09, 2016||$200,000|
|Finance Leader||Chegg, Inc.||Santa Clara, CA||Mar 23, 2015||$200,000|
|Peoplesoft Financial Lead||Sierra-Cedar, Inc.||Fort Lauderdale, FL||Sep 10, 2014||$170,554|
|Technical Finance Lead||Genentech Inc.||South San Francisco, CA||Oct 31, 2016||$160,106|
|Finance Leader, Financial Analysis||Mastercard International Incorporated||NY||Apr 26, 2016||$145,102 -
|Financial Systems Lead||Yelp, Inc.||San Francisco, CA||Dec 27, 2016||$142,000|
|Financial Systems Lead||Yelp Inc.||San Francisco, CA||Jan 10, 2016||$142,000|
|Finance Leader, Financial Analysis||Mastercard International Incorporated||NY||Jun 08, 2016||$138,375|
|IS Lead-Financial Accounting and Support||Kraft Heinz Foods Company||Northfield, IL||May 04, 2016||$137,023|
|Finance Leader, Financial Analysis||Mastercard International Incorporated||NY||Aug 06, 2013||$135,000|
|Global Personal Lines Financial Planning & Analysis Lead||AIG PC Global Services, Inc.||New York, NY||May 26, 2016||$134,070|
|Global Personal Lines Financial Planning & Analysis Lead||AIG PC Global Services, Inc.||New York, NY||Aug 17, 2015||$134,070|
|Global Personal Lines Financial Planning & Analysis Lead||AIG PC Global Services, Inc.||New York, NY||May 25, 2015||$134,070|
|Global Personal Lines Financial Planning and Analysis Lead||AIG PC Global Services, Inc.||New York, NY||Mar 28, 2016||$134,070|
|Finance Leader, Financial Systems||Mastercard International Incorporated||NY||Feb 25, 2015||$116,813|
|IS Lead-Financial Accounting and Support||Kraft Foods Group, Inc.||Glenview, IL||Apr 06, 2013||$116,800|
|Finance Stream Lead||Retail Consult LLC||Canton, MA||Nov 14, 2011||$115,544 -
|Oracle Financial Lead||Kravet Inc.||Bethpage, NY||Sep 23, 2013||$115,000|
|Seminis Nafta Commercial Finance Lead||Monsanto Company||Saint Louis, MO||May 11, 2009||$114,125|
|Finance Leader, Mergers and Acquisitions||W. R. Grace & Co.||Columbia, MD||Jun 14, 2014||$112,500|
|Finance Leader||W. R. Grace & Co.||Columbia, MD||Oct 01, 2014||$112,500|
|BI Reporting Lead, Financial Systems||Hyatt Corporation||Chicago, IL||Jan 01, 2015||$92,914|
|Finance Leader, Financial Systems||Mastercard International Incorporated||NY||Sep 12, 2016||$92,800 -
|Operations Finance Leader||GE Medical Systems, Inc.||Waukesha, WI||Feb 15, 2010||$92,000 -
|Finance Lead||Barclays Bank Delaware||Wilmington, DE||May 13, 2013||$92,000 -
|Finance Leader||Creation Technologies Santa Clara, Inc.||Santa Clara, CA||May 01, 2013||$91,707 -
|Finance Leader, Financial Systems||Mastercard International Incorporated||NY||Sep 12, 2016||$90,813 -
|Leader-Finance||KAVI Associates LLC||Barrington, IL||Apr 12, 2015||$90,000|
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