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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|
|Director, Risk||Barclays Services Corp.||New York, NY||Feb 20, 2013||$181,500 -
|Director, Risk Services||Investor Analytics, LLC||New York, NY||Apr 30, 2012||$143,800|
|Director-Business Controlling, O&M||Kemira Chemicals, Inc.||Houston, TX||Sep 04, 2015||$143,499 -
|Risk Director||Payfone Inc.||New York, NY||Nov 15, 2010||$140,000|
|Director, Risk||American Express TRS, Company Inc.||New York, NY||Sep 01, 2011||$139,000|
|Director-Dynamic Systems and Controls||Cummins Inc.||Columbus, IN||Aug 15, 2014||$126,900 -
|Director of Risk||Springleaf General Services Corporation||Wilmington, DE||Feb 19, 2013||$120,000 -
|Director of Risk||Springleaf General Services Corporation||Evansville, IN||Dec 24, 2012||$120,000 -
|Director, Risk Controller/Environmental & Social||UBS Services LLC||Stamford, CT||Oct 01, 2012||$119,000 -
|Director of Infection Prevention and Control||Sinai Hospital of Baltimore, Inc.||Baltimore, MD||Dec 13, 2010||$117,122|
|Director, Technology Risk||Fidelity Technology Group LLC||Merrimack, NH||Dec 21, 2015||$116,355 -
|Director, Risk||Constellation Energy Commodities Group||Baltimore, MD||Nov 25, 2010||$111,521|
|Director, Technology Risk||Fidelity Technology Group LLC||Westlake, TX||Sep 05, 2016||$109,242 -
|Director of Risk Services||North Shore-LIJ Health System||Great Neck, NY||Jul 13, 2013||$105,000|
|Director, Risk||Copal Partners Us Inc.||New York, NY||Sep 02, 2013||$105,000 -
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