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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|
|CFO & Vice President-Service and Finance-Global||Mars Food Us, LLC||East Rancho Dominguez, CA||Sep 15, 2010||$500,000|
|Chief Financial Officer & VP, Finance||Howard Hughes Medical Institute||Chevy Chase, MD||Feb 22, 2011||$300,000 -
|Chief Financial Officer and VP of Finance||Howard Hughes Medical Institute||Chevy Chase, MD||Feb 22, 2014||$300,000|
|Chief Financial Officer & V.P. Finance & Admin.||LAZ Parking Ltd., LLC||Hartford, CT||Jan 01, 2010||$250,000|
|Associate-Intermediate-Finance/Vp||Goldman Sachs & Co.||New York, NY||Dec 10, 2016||$250,000 -
|Associate-Intermediate-Finance/Vp||Goldman Sachs & Co.||San Francisco, CA||Nov 17, 2016||$240,000 -
|Associate-Intermediate-Finance/Vp||Goldman Sachs & Co.||Houston, TX||May 10, 2016||$230,000 -
|Associate-Intermediate-Finance/Vice President||Goldman, Sachs & Co.||New York, NY||Sep 30, 2015||$230,000|
|Associate-Intermediate-Finance/Vp||Goldman Sachs & Co.||New York, NY||May 25, 2016||$227,178|
|Associate-Intermediate-Finance/Vice President||Goldman Sachs & Co.||New York, NY||Jul 07, 2016||$227,178|
|Associate-Intermediate-Finance/Vp||Goldman Sachs & Co.||New York, NY||Apr 25, 2016||$227,178|
|Associate-Intermediate-Finance/Vp||Goldman Sachs & Co.||New York, NY||Nov 17, 2014||$225,000 -
|Associate-Intermediate-Finance/Vp||Goldman Sachs & Co.||New York, NY||Oct 24, 2014||$210,000 -
|Associate-Intermediate-Finance/Vp||Goldman Sachs & Co.||New York, NY||Dec 22, 2014||$210,000 -
|Associate-Intermediate-Finance/Vp||Goldman, Sachs & Co.||New York, NY||Jun 16, 2015||$205,587|
|Associate-Intermediate-Finance/Vp||Goldman, Sachs & Co.||San Francisco, CA||Jan 21, 2016||$205,130|
|Associate-Intermediate-Finance/Vp||Goldman Sachs & Co.||New York, NY||Jan 22, 2015||$200,000|
|Associate-Intermediate-Finance/Vp||Goldman Sachs & Co.||New York, NY||Jun 25, 2015||$200,000|
|Associate-Intermediate-Finance/Vp||Goldman Sachs & Co.||New York, NY||May 22, 2015||$195,000|
|Trade Finance-Vice President and Counsel||MUFG Union Bank, N.A.||New York, NY||Oct 19, 2015||$190,000|
|Finance Vice President||Synapse Capital Advisors, LLC||New York, NY||Oct 28, 2014||$141,835|
|Finance Vice President||Emerald Entertainment LLC||Santa Monica, CA||Jan 03, 2011||$140,000|
|Finance Vice President||LW Asset Management, LLC||New York, NY||Feb 10, 2009||$137,742|
|Finance Vice President||Ad 1 Management, Inc.||Hollywood, FL||Sep 08, 2016||$131,373|
|Finance Transformation, Vice President||State Street Bank and Trust Company||Boston, MA||Sep 01, 2015||$130,500 -
|(Financial Analyst) Vice President||Fieldstone Private Capital Group Inc.||New York, NY||Sep 05, 2008||$125,000|
|(Financial Analyst) Vice President||Fieldstone Private Capital Group Inc.||New York, NY||Mar 14, 2009||$125,000|
|Financial Modeler, VP||Jpmorgan Chase & Co.||Garden City, NY||Mar 02, 2015||$120,000|
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