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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.
|Job Title||Company||Location||Start Date||Salary|
|Financial Performance Management Architect||IBM Corporation||Edison, NJ||Feb 06, 2012||$154,024|
|Finance Management 3||Ch2M Hill Engineers, Inc.||New York, NY||Jun 04, 2012||$138,000|
|Financial Management Specialist||Callsource||Westlake Village, CA||Jan 27, 2012||$120,000|
|Associate-Commodity Finance, Portfolio Management||The Bank of Tokyo-Mitsubishi UFJ, Ltd.||New York, NY||Nov 11, 2013||$106,766|
|Finance Management||Siemens Demag Delaval Turbomachinery, Inc.||Trenton, NJ||Aug 25, 2014||$96,014|
|Financial Management Specialist||Callsource||Westlake Village, CA||Apr 23, 2010||$80,000|
|Finance Management||Siemens Energy, Inc.||Fort Payne, AL||Oct 01, 2011||$71,926 -
|Finance Management Principal||Siemens Energy, Inc.||Fort Payne, AL||Sep 06, 2012||$69,659 -
|Risk/Financial Management Specialist||Avalon Advisors, LLC||Houston, TX||Aug 17, 2011||$68,900 -
|Senior SAP Financial Management Specialist||Mastech, Inc., A Mastech Holdings, Inc. Company||Irving, TX||Dec 27, 2012||$66,137|
|Financial and Management Specialist||Focus Design Fashion Inc.||New York, NY||Dec 01, 2011||$65,000|
|Financial and Management Analysis||Polyton Plastics, Inc.||Ontario, CA||Sep 30, 2014||$64,800|
|Finance and Management Specialist||Glennwood Farm Inc.||Versailles, KY||Dec 01, 2010||$60,000|
|Financial Management Specialist||Intercargo Logistics Inc.||NY||Oct 01, 2014||$54,345|
|Financial Management Specialist||Hudson International, Inc.||Farmingdale, NY||Oct 01, 2010||$52,811 -
|Financial Management Specialist||Intercargo Logistics Inc.||NY||Oct 01, 2014||$52,759|
|Financial Management Specialist||Intercargo Logistics Inc.||NY||Oct 01, 2011||$45,684|
|Budgeting and Financial Management Specialist||Auburn University at Montgomery||Montgomery, AL||Dec 01, 2011||$42,000|
|Budgeting and Financial Management Specialist||Auburn University at Montgomery||Montgomery, AL||Dec 01, 2010||$42,000|
|Budgeting and Financial Management Specialist||Auburn University at Montgomery||Montgomery, AL||Aug 15, 2009||$42,000|
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