how to become a finance manager

How to become a finance manager?

Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.

finance manager is considered as the most important professional in an organisations management because the finances of an organisation are supposed to be its lifeline. As business administration has acquired the reputation of one of the most glorious and highly paid professions of twenty-first century after the onset of globalisation and opening up of the world markets during the last couple of decades with a wide range of specialized fields like, Finance, Production, Human Resources and Marketing to name a few of them.

Financial Manager must have commercial and business awareness; excellent communication skills and an analytical approach to work.

They also possess high numeracy and sound technical skills; problem-solving skills and initiative; strong attention to detail and an investigative nature.

Financial manager job profile may also include the responsibility of collection and preparation of accounts. Besides this a financial manager is also supposed to arrange new sources of finance for a company’s debt facilities, supervising staff and keeping abreast of changes in financial regulations and legislation.

Step to become a finance manager?

Earn bachelor degree

Do an internship

Earn master degree

Gain some experience

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, auditor, securities sales agent, or financial analyst.

Minimum Education

Bachelor’s Degree

Degree

Bachelor in finance

Bachelor in economics

MBA in finance

MBA in management

Salary

The average pay for financial managers in the United States ranges from $67,620 to $208,000 as of