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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|
|Vice President; Liquidity Risk Manager||Bank of America N.A.||New York, NY||Feb 23, 2015||$190,000 -
|Vice President, Prime Brokerage Risk Manager||Bank of America N.A.||New York, NY||Jun 27, 2016||$190,000 -
|Vice President/Investment Manager of Real Estate||Rosewood Investment Corporation||New York, NY||Nov 04, 2016||$188,000|
|Vice President, Senior Asset Manager||JRK Property Holdings, Inc.||Los Angeles, CA||Apr 30, 2015||$185,080|
|Vice President, Trade Surveillance/Actimize Development MGR||Jpmorgan Chase & Co.||Jersey City, NJ||Nov 04, 2016||$185,000|
|Vice President, Market Risk Manager||Deutsche Bank Securities, Inc.||New York, NY||Feb 08, 2016||$185,000|
|Vice President, Learning & Development Manager||Pacific Investment Management Company, LLC||New York, NY||Jun 17, 2016||$184,000|
|VP, Learning & Development Manager||Pacific Investment Management Company, LLC||New York, NY||Apr 19, 2016||$181,000|
|Vice President Relationship Manager Mexico||Espirito Santo Bank||Miami, FL||Oct 16, 2015||$176,200|
|Vice President-Application Manager||Deutsche Bank||New York, NY||Sep 09, 2016||$175,000|
|Vp-Private Wealth Manager Banker||JP Morgan Chase & Co||New York, NY||Oct 06, 2016||$173,846|
|Vice President/Department Manager||Goldman, Sachs & Co.||Salt Lake City, UT||Jan 09, 2016||$173,700|
|VP, European Desk Manager & Country Manager, Spain||Yer USA, Inc.||Atlanta, GA||Jun 24, 2015||$144,706|
|Vice President/Manager||Goldman Sachs & Co.||Jersey City, NJ||Mar 13, 2015||$142,500|
|Vice President, Business Manager US Equity||JP Morgan Chase & Co||New York, NY||Mar 03, 2016||$142,100|
|Vice President, Investment Manager||River Cities Management, Inc.||Cincinnati, OH||Mar 12, 2015||$140,650|
|Vice President, Relationship Manager, Financial Institutions||Lloyds Bank PLC||New York, NY||Jan 03, 2016||$140,000|
|VP Market Risk Audit Manager||Jpmorgan Chase & Co.||New York, NY||Jun 13, 2016||$140,000|
|Vp/Risk Manager-Equities||Alliancebernstein L.P.||New York, NY||Aug 16, 2016||$140,000 -
|AVP Manager Regulatory Compliance||HSBC Securities (USA) Inc.||New York, NY||Mar 01, 2015||$140,000|
|Vice President, Enterprise Telecommunications Wireless Manager, Technology Division||Morgan Stanley & Co. LLC||New York, NY||Jan 16, 2015||$120,505|
|VP Manager Partnerships & Mobile||Wit Dot Media, Inc.||San Francisco, CA||Sep 18, 2015||$120,000|
|Vice President Professional Practices-Audit Manager||MUFG Union Bank, N.A.||New York, NY||May 13, 2016||$120,000|
|Vice President, Compliance Manager||Jpmorgan Chase & Co.||New York, NY||Sep 16, 2015||$120,000 -
|Vice President, Business Manager||Jpmorgan Chase & Co.||New York, NY||Jan 25, 2015||$120,000 -
|Vice President; MO Prod Cntrl-Prof Mkts (Manager)||Bank of America N.A.||Chicago, IL||Dec 08, 2016||$120,000 -
|Vice President, Applications Support Manager||Jpmorgan Chase & Co.||Westerville, OH||Dec 20, 2016||$120,000|
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