A Financial Manager plays a crucial role in the success of a firm. The main objective of the position is to maximize profits. To do so, the manager must balance short-term and long-term goals. This requires a broader vision and a keen eye for the business’s strategic direction. The Financial Manager oversees the firm’s operations and determines how to best use its finances.
Typical job requirements for a Financial Manager include a bachelor’s degree in accounting or finance. In addition, most people working as a finance manager have two or more years of work experience. Before starting their career as a Financial Manager, aspiring professionals might work as an auditor, accountant, or loan officer. After completing their BS in finance, they might pursue professional certifications to further enhance their skills and advance their careers.
The minimum educational requirement for a Financial Manager is a bachelor’s degree in finance, accounting, economics, or business administration. However, some employers prefer candidates with a master’s degree. A master’s degree in finance can help a candidate develop his or her analytical skills. A master’s degree can also increase salary prospects.
As a Financial Manager, you will oversee the operations of the finance department. This includes preparing budgets, monitoring the financial health of a company, analyzing financial information, and recommending next steps. Your role will also require you to work with other departments to ensure the smooth running of the finance department.
