If you have a keen eye for detailed budgeting, managing income and expenditure, and expanding the space and growth areas, you definitely have a knack for planning. You could choose to be a Finance Planning Manager to use your skills for the business community. For selecting the said job, you should be able to analyze and foresee risks, comprehend fiscal models, and analyze investments and budgets primarily.
Moreover, you should be an excellent negotiator, a statistical thinker, and have a strong motivation to drive you. If we talk about a professional degree required, you should possess the minimum of a first degree. However, many industries and companies now prefer a Master's Degree in areas of Finance, Administration, Accounting, or Business. Moreover, you must be skilled enough and be the master in your field to win an edge.
Talking about the income you could make, there's great money if you know your game. The pay can range anywhere between $55,000 to over $140,000 annually. It totally depends upon your analytical skills and qualifications, and if it meets the company requirements. Overall, it's an extremely interesting job to step into.
There is more than meets the eye when it comes to being a finance planning manager. For example, did you know that they make an average of $55.03 an hour? That's $114,468 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 planning managers 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, analytical skills and communication skills.
When it comes to the most important skills required to be a finance planning manager, we found that a lot of resumes listed 20.5% of finance planning managers included financial statements, while 7.0% of resumes included financial models, and 5.5% of resumes included financial performance. 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 planning manager job title. But what industry to start with? Most finance planning managers actually find jobs in the technology and manufacturing industries.
If you're interested in becoming a finance planning manager, one of the first things to consider is how much education you need. We've determined that 73.1% of finance planning managers have a bachelor's degree. In terms of higher education levels, we found that 23.8% of finance planning managers have master's degrees. Even though most finance planning managers 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 planning manager. When we researched the most common majors for a finance planning manager, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on finance planning manager resumes include associate degree degrees or doctoral degree degrees.
You may find that experience in other jobs will help you become a finance planning manager. In fact, many finance planning manager jobs require experience in a role such as senior finance analyst. Meanwhile, many finance planning managers also have previous career experience in roles such as finance analyst or finance manager.