Are you a creative problem solver with strong interpersonal and analytical skills? Would you like to study something in college that permits you to choose from a variety of career paths, many of which pay dividends in the six-figure range? If you can honestly answer “yes” to both, you may want to consider becoming a financial manager. It takes a lot of hard work but the rewards are more than worth the effort.
Job requirements for financial managers and finance directors
Finance directors work with a variety of organizations, directing investment activities, overseeing the preparation of financial reports, and executing cash management strategies. The US Bureau of Labor Statistics (BLS) states that financial managers typically enter the job with at least a bachelor’s degree, but many also hold a master’s degree or some form of professional certification. Common areas of study for the aspiring financial manager or director include finance, accounting, economics and business administration.
The BLS goes on to stress that possessing strong interpersonal, math and business skills goes a long way toward success in this field.
One of the most attractive aspects of pursuing this career path in college is that it qualifies you for a variety of lucrative financial opportunities. Financial managers may be best thought of as a collection of highly trained financial specialists whose specific duties vary with their titles. Some examples of jobs financial managers hold include the following:
- Treasurers and finance officers
- Credit managers
- Cash managers
- Risk and insurance managers
- Branch managers
Job outlook and salary information for finance managers
The BLS expects overall employment growth for this industry to occur at a rate that’s about as fast as average for all occupations, around eight percent. Job growth should be fueled primarily by regulatory changes, economic expansion, and the continuing globalization of financial activities. In particular, branch, risk and insurance managers should be in high demand.
Yet even with this kind of healthy occupational growth, competition for jobs remains keen. The BLS states that candidates who have obtained graduate degrees and certification enjoy the best opportunities for employment.