For the fiscal manager, it's all about the money. They make sure that an organization's finances are in tip-top shape and that the balance books are in good health. No stray expense, suspicious deduction, or inefficient department can escape the fiscal manager's eagle eye.
A fiscal manager can work for a private business or government agency, wherever there is money to be managed. They make sure that an organization follows its budget, takes care of any accounting tasks, including audits, and manages the payroll. Sometimes, the fiscal manager's job includes cooperating with outside auditors or managing an organization's IPO. Basically, anything that has to do with money eventually comes under their jurisdiction.
Fiscal managers need to know a lot about money and financial procedures to succeed. Often, they get this knowledge from a bachelor's or master's degree and practical experience in the world of accounting.
There is more than meets the eye when it comes to being a fiscal manager. For example, did you know that they make an average of $27.26 an hour? That's $56,702 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 fiscal 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 analytical skills, communication skills and detail oriented.
When it comes to the most important skills required to be a fiscal manager, we found that a lot of resumes listed 11.0% of fiscal managers included financial statements, while 7.1% of resumes included internal audit, and 6.4% of resumes included annual budget. 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 fiscal manager job title. But what industry to start with? Most fiscal managers actually find jobs in the non profits and education industries.
If you're interested in becoming a fiscal manager, one of the first things to consider is how much education you need. We've determined that 57.7% of fiscal managers have a bachelor's degree. In terms of higher education levels, we found that 14.5% of fiscal managers have master's degrees. Even though most fiscal managers have a college degree, it's possible 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 fiscal manager. When we researched the most common majors for a fiscal manager, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on fiscal manager resumes include associate degree degrees or high school diploma degrees.
You may find that experience in other jobs will help you become a fiscal manager. In fact, many fiscal manager jobs require experience in a role such as accountant. Meanwhile, many fiscal managers also have previous career experience in roles such as staff accountant or senior accountant.