A finance planning and analysis (FPA) manager is responsible for leading a professional finance team in financial analysis activities such as financial planning, strategic business analysis, budgeting, forecasting, and long-term planning. These activities help companies evaluate their progress toward achieving their objectives and make informed investment decisions. They do this by analyzing economic trends, reviewing past performance, and making projections and forecasts based on their analysis.
A financial planning and analysis manager typically reports to the CFO. He/she also works closely with other senior executives, including the CEO and the Board of Directors. They rely on their forecasts to make decisions supported by reliable data. A successful FPA manager must have , attention to detail, excellent math ability and should be in touch with current economic and business trends.
FPA managers have a regular work schedule. They work 40 hours a week, Monday to Friday, from 9 to 5. A finance planning and analysis manager plays a vital role in companies since the senior management relies on their inputs to make critical corporate decisions.
There is more than meets the eye when it comes to being a manager finance planning and analysis. For example, did you know that they make an average of $55.86 an hour? That's $116,196 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 managers finance planning and analysis 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 manager finance planning and analysis, we found that a lot of resumes listed 20.0% of managers finance planning and analysis included financial statements, while 7.9% of resumes included financial performance, and 6.0% of resumes included customer service. 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 manager finance planning and analysis job title. But what industry to start with? Most managers finance planning and analysis actually find jobs in the technology and manufacturing industries.
If you're interested in becoming a manager finance planning and analysis, one of the first things to consider is how much education you need. We've determined that 39.5% of managers finance planning and analysis have a bachelor's degree. In terms of higher education levels, we found that 51.8% of managers finance planning and analysis have master's degrees. Even though most managers finance planning and analysis 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 manager finance planning and analysis. When we researched the most common majors for a manager finance planning and analysis, we found that they most commonly earn master's degree degrees or bachelor's degree degrees. Other degrees that we often see on manager finance planning and analysis resumes include associate degree degrees or doctoral degree degrees.
You may find that experience in other jobs will help you become a manager finance planning and analysis. In fact, many manager finance planning and analysis jobs require experience in a role such as senior finance analyst. Meanwhile, many managers finance planning and analysis also have previous career experience in roles such as finance analyst or finance manager.