Financial management revolves around financial planning, control and decision making. It involves the management of a company’s finances in line with their objectives. Financial management is headed by a financial manager. The financial manager is responsible for overseeing the accomplishment of financial statements and reports. He determines the budget and makes sure that these are allocated correctly. He also makes financial or investment decisions for the company. The success of a financial manager lies on his education, training, skills and attitude. Making it big in financial management requires one to have excellent interpersonal, analytical and problem-solving skills.
How to become an Financial Manager
To become a competent financial manager, one must have a strong background in math, communication and management. One may start by earning a bachelor’s degree in finance, business administration, accounting or economics. Pursuing a master’s degree in the aforementioned fields will help one land a job in bigger companies. Getting internships will help one gain relevant financial skills. One must also get certification exams and pass them. Being a certified financial manager boosts one’s chance of landing a better employment. An experience as a financial analyst or adviser can also be a doorway towards becoming a financial manager.
Financial Management Courses, training, programs
Courses in line with financial management cover accounting, budgeting, financial reporting asset and cash flow management. Internships will allow one to have a hands-on experience of the world of financial management. The training and skills acquired by being a financial analyst or adviser also pushes one towards a financial management position within the company.
Financial Management Jobs, opportunities, salaries/pay
A financial manager can find work in various private, public or non-profit companies/organizations. He can work in banks, investment companies, hospitals, schools, government agencies or advertising companies. Working one’s way up the financial management ladder will allow one to earn $99,272 per year. One must put his efforts in acquiring not just formal education but experience as well.
